+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Global Compression Bandages Market Report and Forecast 2023-2031

  • PDF Icon


  • 140 Pages
  • April 2023
  • Region: Global
  • Expert Market Research
  • ID: 5797968
The global compression bandages market size attained a value of USD 2 billion in 2022. The market is anticipated to grow at a CAGR of 5.6% during the forecast period of 2023-2031 to attain a value of USD 3.3 billion by 2031.

Compression Bandages Market: Introduction

Compression bandages are medical devices that are used to apply pressure to a specific area of the body to control swelling and promote healing. They are typically made of stretchy fabric or elastic and are available in various sizes, shapes, and compression levels.

Compression bandages are used in a variety of medical conditions, including venous leg ulcers, lymphedema, deep vein thrombosis (DVT), and oedema. They are also used in sports medicine to treat sprains, strains, and other injuries that result in swelling.

The primary use of compression bandages is to apply pressure to the affected area, which helps to reduce swelling and improve circulation. This increased circulation helps to deliver oxygen and nutrients to the affected tissues, which promotes healing.

Benefits of compression bandages include:

  • Reduced swelling: Compression bandages help to reduce swelling by applying pressure to the affected area. This pressure helps to move fluid away from the affected area and into the lymphatic system, where it can be eliminated from the body
  • Improved circulation: The pressure applied by compression bandages helps to improve circulation by promoting the flow of blood and oxygen to the affected area. This increased circulation helps to deliver essential nutrients to the affected tissues, which promotes healing
  • Pain relief: Compression bandages can help to relieve pain associated with swelling and inflammation by reducing pressure on the affected area and improving circulation
  • Prevents further injury: Compression bandages provide support to the affected area, which helps to prevent further injury and promotes healing
Overall, compression bandages are an effective and non-invasive treatment option for a wide range of medical conditions that involve swelling or inflammation. They are easy to use and can be customized to fit the specific needs of the patient. By reducing swelling, improving circulation, and promoting healing, compression bandages can help patients recover more quickly and effectively from a variety of medical conditions.

Compression Bandages Market Segmentations

The market can be categorised into product, material, application, end user, and major region.

Market Breakup by Product

  • Short Stretch Bandages
  • Long Stretch Bandages
  • Multilayer Compression Bandages

Market Breakup by Material

  • Polyester
  • Latex
  • Cotton
  • Others

Market Breakup by Application

  • Wound Management
  • Deep Vein Thrombosis
  • Lymphedema
  • Others

Market Breakup by End User

  • Hospital and Ambulatory Surgical Centres
  • Clinics
  • Nursing Care Centres
  • Homecare
  • Others

Market Breakup by Region

North America

  • United States of America
  • Canada


  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Compression Bandages Market Scenario

The global compression bandages market is a rapidly growing segment of the medical devices industry, driven by factors such as the increasing prevalence of chronic diseases, aging population, and rising demand for non-invasive treatment options. Compression bandages are used to apply pressure to a specific area of the body to control swelling and promote healing. They are used in a variety of medical conditions, including venous leg ulcers, lymphedema, deep vein thrombosis (DVT), and oedema.

The market for compression bandages is expected to continue to grow at a steady pace, driven by several factors, including increasing awareness about the benefits of compression therapy, the development of new and innovative products, and the increasing adoption of compression bandages in emerging markets.

North America is the largest market for compression bandages, owing to the high prevalence of chronic diseases, well-established healthcare infrastructure, and favourable reimbursement policies in the region. However, the Asia Pacific region is expected to witness significant growth in the coming years, driven by the increasing focus on healthcare development and rising demand for cost-effective medical devices. Countries like China and India are expected to be major contributors to this growth due to their large populations and increasing healthcare spending.

The market for compression bandages is highly competitive, with many players offering a wide range of products to cater to the diverse needs of healthcare providers and patients. Some of the key players in the market include 3M Company, BSN Medical, Smith & Nephew, and Cardinal Health.

Overall, the compression bandages market is expected to continue to grow at a steady pace, driven by the increasing demand for safe and effective healthcare delivery. The market is highly competitive, with many players vying for market share through product innovation and expansion into new geographies. With increasing awareness about the benefits of compression therapy and the development of new and innovative products, the adoption of compression bandages is likely to increase in the coming years, further fuelling the growth of the market.

Key Players in the Global Compression Bandages Market

The report gives an in-depth analysis of the key players involved in the compression bandages market, sponsors manufacturing the drugs, and putting them through trials to get FDA approvals. The companies included in the market are as follows:
  • Paul Hartmann AG
  • Smith & Nephew plc
  • ConvaTec Group PLC
  • B. Braun Melsungen AG
  • 3m Co
  • Essity (BSN medical GmbH)
  • Molnlycke Health Care AB
  • Lohmann & Rauscher GmbH & Co. KG
  • Cardinal Health

Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Compression Bandages Market Overview
3.1 Global Compression Bandages Market Historical Value (2016-2022)
3.2 Global Compression Bandages Market Forecast Value (2023-2031)
4 Global Compression Bandages Market Landscape
4.1 Global Compression Bandages Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Compression Bandages Product Landscape
4.2.1 Analysis by Product
4.2.2 Analysis by Material
4.2.3 Analysis by Application
4.2.4 Analysis by End User
5 Global Compression Bandages Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Compression Bandages Market Segmentation
6.1 Global Compression Bandages Market by Product
6.1.1 Market Overview
6.1.2 Short Stretch Bandages
6.1.3 Long Stretch Bandages
6.1.4 Multilayer Compression Bandages
6.2 Global Compression Bandages Market by Material
6.2.1 Market Overview
6.2.2 Polyester
6.2.3 Latex
6.2.4 Cotton
6.2.5 Others
6.3 Global Compression Bandages Market by Application
6.3.1 Market Overview
6.3.2 Wound Management
6.3.3 Deep Vein Thrombosis
6.3.4 Lymphedema
6.3.5 Others
6.4 Global Compression Bandages Market by End User
6.4.1 Market Overview
6.4.2 Hospital and Ambulatory Surgical Centres
6.4.3 Clinics
6.4.4 Nursing Care Centers
6.4.5 Homecare
6.4.6 Others
6.5 Global Compression Bandages Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Compression Bandages Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Compression Bandages Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Compression Bandages Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.6 Australia
9.7 Others
10 Latin America Compression Bandages Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Compression Bandages Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.5 Others
17 Supplier Landscape
17.1 Paul Hartmann AG
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Smith & Nephew plc
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 ConvaTec Group PLC
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 B. Braun Melsungen AG
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 3m Co.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Essity (BSN medical GmbH)
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Molnlycke Health Care AB
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Lohmann & Rauscher GmbH & Co. KG
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Cardinal Health
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
18 Global Compression Bandages Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket

Companies Mentioned

  • Paul Hartmann AG
  • Smith & Nephew plc
  • Convatec Group plc
  • B. Braun Melsungen AG
  • 3M Co.
  • Essity (Bsn Medical Gmbh)
  • Molnlycke Health Care Ab
  • Lohmann & Rauscher GmbH & Co. Kg
  • Cardinal Health



Table Information