2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

How Are Key Drivers Contributing to the Growth and Expansion of the Compression Bandages Market?

The compression bandage market is anticipated to expand owing to the rising occurrence of chronic wounds. These wounds represent a type of skin injury that doesn’t follow the usual wound healing process and lingers for a more extended period. Factors such as the growing elderly population and unhealthy lifestyles like insufficient physical activity and improper diet contribute to the increased prevalence of chronic wounds. Compression bandages serve a vital role in managing these wounds by reducing inflammation, enhancing blood flow, relieving pain, and averting complications. They support wound shrinkage and closure by lending external support to the wound bed and the adjacent tissues. For instance, Memorial Hospital of Carbon County, a critical access hospital based in the US, reported in January 2024 that roughly 6.7 million people were currently dealing with chronic wounds. This number is expected to rise by more than 2% over the forthcoming decade. With a cost exceeding $50 billion to the healthcare system, the rising occurrence of chronic wounds is thus propelling the growth of the compression bandage market.

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What is the Predicted Annual Growth Rate of theCompression Bandages Market Impact Industry Trends by 2034?

The market size of compression bandages has experienced vigorous growth in the past years. The market, which is projected to rise from $1.63 billion in 2024 to $1.74 billion in 2025, is expected to see a compound annual growth rate (CAGR) of 6.4%. This growth during the historic period can be linked to the increasing prevalence of chronic diseases, progress in material and design, regulatory backing, and advancements in medical technology.

In the coming years, the compression bandages market is projected to experience robust growth, ballooning to $2.2 billion by 2029 with a compound annual growth rate (CAGR) of 6.1%. The growth during this forecast period can be traced back to the increase in healthcare spending, the broadening of e-commerce, personalization and customization, and the emphasis on preventive healthcare. Some of the key trends during the forecast period encompass a surge in demand for stylish compression stockings, a move towards eco-friendly materials, integration of digital health, and the rise in telemedicine along with remote consultations.

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What New Market Trends Are Reshaping theCompression Bandages Market and Its Opportunities?

Leading players in the compression bandage market are creating and introducing more innovative products like elastic non-woven bandages, aimed at enhancing medical compression therapy and overall care. Elastic non-woven bandages, which are breathable and stretchable, are commonly used for gentle compression and support, particularly in wound care. They help to secure dressings while preserving flexibility and promoting air circulation. For example, a medical equipment manufacturer based in Germany, KOB GmbH, launched the VisioCompress2 Lite in October 2022. This is a new entrant to their compression bandage products, specifically designed for scenarios that require less compression pressure. It consists of a padding bandage and a permanently elastic non-woven bandage, now integrated with indicators for easier and safer application. Besides, KOB introduced the Hospifix Bi-elastic 911 tubular bandage, a flexible and seamless alternative, enhancing the KOB tubular range.

Who Are the Leading Market Players Fueling Growth in the Compression Bandages Market Trend?

Major companies operating in the compression bandages market are Cardinal Health Inc., Johnson & Johnson, 3M Company, Medtronic Plc, Essity AB, Medline Industries Inc., B. Braun Melsungen AG, Smith & Nephew plc, Coloplast A/S, Paul Hartmann AG, ConvaTec Group Plc, Mölnlycke Health Care AB, Integra LifeSciences Corporation, Beiersdorf AG, Lohmann & Rauscher GmbH & Co. KG, DJO Global Inc., Thuasne Group, BSN medical GmbH, Talley Group Limited, DeRoyal Industries Inc., Arjo AB, Bauerfeind AG, L&R Group, medi GmbH & Co. KG, Oppo Medical Inc.

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How is the Global Compression Bandages Market Segemented?

The compression bandages market covered in this report is segmented –

1) By Product: Short Stretch Bandages, Long Stretch Bandages, Multilayer Compression Bandages

2) By Material: Polyester, Latex, Cotton, Other Materials

3) By Application: Wound Management, Deep Vein Thrombosis, Lymphedema, Other Applications

4) By End-User: Hospitals And Ambulatory Surgical Centers, Clinics, Nursing Care Centers And Skilled Nursing Facilities, Home Care, Other End-Users

Subsegments:

1) By Short Stretch Bandages: Low-Stretch Compression Bandages, Bandages for Lymphatic and Venous Disorders, Elastic Short Stretch Bandages, Compression Therapy for Edema Management, Short Stretch Bandages for Wound Care

2) By Long Stretch Bandages: High-Stretch Compression Bandages, Bandages for Orthopedic and Musculoskeletal Injuries, Elastic Long Stretch Bandages, Bandages for Varicose Veins and Swelling, Long Stretch Bandages for Wound Protection

3) By Multilayer Compression Bandages: Layered Compression Systems, Bandages for Chronic Venous Insufficiency, Multilayer Compression for Lymphedema Treatment, Customizable Multilayer Compression Bandages, Multilayer Bandages for Post-Surgical Recovery

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Which Geographics are Influencing the Growth of the Compression Bandages Market?

North America was the largest region in the compression bandages market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compression bandages market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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