Press Release

Compression Bandages Market to Grow at 5.01% CAGR through 2029F

Rising awareness about compression therapy is expected to drive the Global Compression Bandages Market growth in the forecast period, 2025-2029.


According to TechSci Research report, “Compression Bandages Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2019-2029F”, the Global Compression Bandages Market stood at USD 1.02 Billion in 2023 and is anticipated to project steady growth in the forecast period with a CAGR of 5.01% through 2029. The global compression bandages market is witnessing significant growth driven by various factors that are reshaping the landscape of healthcare. Compression bandages have emerged as vital tools in the management of conditions such as edema, venous leg ulcers, lymphedema, and deep vein thrombosis. The growing healthcare expenditure and infrastructure are significant drivers contributing to the expansion of the global compression bandages market. As countries around the world invest more resources in healthcare, there is a corresponding increase in the availability and accessibility of medical devices, including compression bandages, leading to greater market demand. One of the primary factors driving the growth of healthcare expenditure is the rising burden of chronic diseases. Chronic conditions such as diabetes, venous disorders, and obesity are becoming increasingly prevalent worldwide, necessitating comprehensive management strategies that often include compression therapy. As healthcare systems allocate more funding towards the prevention and treatment of chronic diseases, there is a higher demand for medical devices like compression bandages to support these efforts.

The development of healthcare infrastructure in emerging economies is expanding access to essential medical services and products. Countries across Asia-Pacific, Latin America, and Africa are experiencing rapid economic growth and urbanization, leading to improved healthcare facilities and services. With the establishment of specialized wound care centers and the expansion of primary healthcare networks, patients in these regions have greater access to diagnosis, treatment, and rehabilitation services, including compression therapy.

Increasing healthcare expenditure enables healthcare providers to invest in advanced medical technologies and innovative treatment modalities, driving market growth for compression bandages. Technological advancements in material science and design, such as lightweight fabrics and adjustable compression systems, are making compression therapy more effective and comfortable for patients, further fueling market demand.

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The Global Compression Bandages Market is segmented into product, application, material, end user, regional distribution, and company.

In 2023, Based on the application segments, the wound management segment emerged as the dominant segment in the global compression bandages market. This dominance can be attributed to several factors driving the increased demand for compression bandages in wound management applications. Wound management represents a vast and diverse market segment with a wide range of indications, including venous leg ulcers, diabetic foot ulcers, pressure ulcers, and surgical wounds, among others. Compression bandages play a crucial role in the treatment of these wounds by providing localized compression, promoting tissue perfusion, and facilitating wound healing processes such as granulation and epithelialization.

The growing prevalence of chronic wounds worldwide, fueled by factors such as aging populations, increasing rates of diabetes and obesity, and longer life expectancies, has contributed to the rising demand for compression bandages in wound management. Chronic wounds impose a significant burden on healthcare systems and patients, necessitating effective and evidence-based treatment modalities such as compression therapy to improve healing outcomes and reduce healthcare costs.

Advancements in wound care technologies and treatment protocols have further propelled the adoption of compression bandages in wound management. Multilayer compression bandages, in particular, offer superior efficacy in providing graduated compression and optimizing tissue perfusion, making them preferred choices for the treatment of chronic wounds. The availability of comprehensive homecare support services, including patient education, remote monitoring, and telemedicine consultations, has further facilitated the adoption of compression bandages in homecare settings. As healthcare delivery models continue to evolve and prioritize patient empowerment and autonomy, the dominance of the homecare segment in the compression bandages market is expected to persist, driving market growth in the years to come.

Based on region, North America is anticipated to boost in the forecast period. increasing healthcare expenditure in North America allows for greater investment in preventive care, rehabilitation services, and advanced wound management techniques, including compression therapy. Healthcare reimbursement policies and coverage for compression bandages are relatively favorable in the region, facilitating patient access to these essential medical devices.

Robust research and development activities in North America drive innovation in compression bandage technology, leading to the introduction of new products with enhanced features and performance. Manufacturers and healthcare providers in the region collaborate closely to develop evidence-based treatment protocols and best practices for compression therapy, further solidifying North America's position as a leader in the global compression bandages market.


Major companies operating in Global Compression Bandages Market are:

  • Essity AB
  • Smith & Nephew plc
  • Mölnlycke Health Care AB
  • Lohmann & Rauscher GmbH & Co. KG
  • 3M Company
  • Cardinal Health, Inc.
  • Convatec Limited
  • Essity AB
  • Milliken Healthcare Products, LLC


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“Patient compliance and adherence to compression therapy regimens are critical for treatment success but can be challenging to achieve. Compression bandages require proper application and consistent wear over extended periods, which may be difficult for some patients to maintain. Factors such as discomfort, skin irritation, and difficulty with self-application can contribute to poor adherence to compression therapy. Patients may face barriers such as mobility issues, cognitive impairments, or socioeconomic constraints that affect their ability to adhere to treatment recommendations. Healthcare providers must address these challenges through patient education, support programs, and innovative product designs to improve compliance and maximize the effectiveness of compression therapy”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

Compression Bandages Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Short Stretch Bandages, Long Stretch Bandages, Multilayer Compression Bandages), By Material (Polyester, Latex, Cotton, Others), By Application (Wound Management, Deep Vein Thrombosis, Lymphedema, Others), By End User (Hospitals & Ambulatory Surgical centers, Clinics, Homecare, Others), By Region and Competition, 2019-2029F”, has evaluated the future growth potential of Global Compression Bandages Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Compression Bandages Market.



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