Pressure bandages is an important first-aid technique used in the medical settings after a serious injury to assist healing. The pressure bandages provide compression to the injured blood vessels by facilitating blood clot formation, thereby treating rapid blood loss or hemorrhage. The pressure dressings are highly suited at stabilizing wounds on limbs. The bandages also find application in treating venomous snake bites, to avoid venom progression into the bloodstream. Pressure bandages are ideal emergency tools for severe injuries such as sports injuries and accidents.

Request Sample Copy of Research Report: https://www.coherentmarketinsights.com/insight/request-sample/228

Market Dynamics
The major factors driving growth of the pressure bandages market include rising geriatric population, rising surgical cases, and increasing incidence of chronic wounds. According to the Cleveland Clinic Foundation, 2017, the prevalence of leg ulceration is approximately one to two percent higher in the older adult population with a peak prevalence is between 60-80 years. Moreover, the rising adoption of pressure bandages in ambulatory surgical centers and home care settings due to easy usage contributes to the accelerated demand for pressure bandages over the forecast period. However, the limited reusability option of the bandages and the adoption of advanced and alternative wound care products such as medical adhesives and tapes are the factors restraining pressure bandage market growth.
Increasing incidence of chronic leg ulcers to augment market growth
The efficient management of venous leg ulcers represent a significant clinical problem, draining the financial resources. Majority of ulcers can be treated by using moderate compression bandages. Moreover, compression bandages are commonly recommended for 2-3 days by the physiotherapists for most acute injuries to reduce pain and swelling. According to the study published by Circulation Foundation, 2015, venous disease is the underlying cause of chronic leg ulcers accounting for over two third or 80% of all leg ulcers. The study also states that the other reason for the formation of leg ulcers include arterial disease contributing to 15% of leg ulcers and diabetes, rheumatoid arthritis accounting approximately 5% leg ulcers. Thus, increasing prevalence of diseases and disorders causing leg ulcers is a major factor to increase the adoption of pressure bandages thus propelling the market growth in the region. North America dominates the pressure bandage market, owing to increasing prevalence of diabetes, presence of major market players, and higher recommendations of the pressure bandages by the doctors post injuries. According to the American Diabetes Association, 2015, around 30.3 million Americans or 9.4% of the population was diagnosed with diabetes. According to the Cleveland Clinic Foundation, an estimated 15% of diabetic population is expected to develop foot ulceration during their lifetime, where lower extremity amputations in the U.S. are preceded by a foot ulcer. Thus, the rise in diabetes inadvertently increases the risk of formation of leg ulcers, which is expected to bolster the demand of pressure bandages market. Also, wide availability of products for treating venous leg ulcers contributes to market growth of pressure bandages. For instance, Setopress, high compression bandage by Medline Industries, Inc. provides graduated high compression in the management of venous leg ulcers. Moreover, Profore and Proguide, multi-layer compression bandaging systems developed by Smith and Nephew apply sustained graduated compression for the management of venous leg ulcers and associated conditions.
Inquire Here Before Purchase: https://www.coherentmarketinsights.com/insight/talk-to-analyst/228

Major Players

• Medtronic Plc
• Smith & Nephew
• 3M
• ConvaTec Inc.
• Cardinal Health, Inc.
• Johnson & Johnson
• Nitto Denko Corporation
• Persys Medical
• Tytek Medical
• BSN Medical

Detailed Segmentation:
• Global Pressure Bandages Market, By Product Type:
◦ Long Stretch or Elastic Bandages
◦ Multi-component Multilayer Bandage Systems
◦ Short Stretch or Low-elasticity Bandages
• Global Pressure Bandages Market, By Compression Pressure:
◦ Light Compression Bandages
◦ Moderate Compression Bandages
◦ High Compression Bandages
• Global Pressure Bandages Market, By Material:
◦ Cotton Fabric
◦ Latex Free
◦ Polymer
◦ Other (Elastic Fiber)
• Global Pressure Bandages Market, By Application:
◦ Leg Ulcer
◦ Deep Vein Thrombosis
◦ Surgery
◦ Trauma Injury
◦ Others (Edema, Swellings, Sprains, Lymphedema)
• Global Pressure Bandages Market, By End User:
◦ Hospitals
◦ Ambulatory Surgical Centers
◦ Research & Academic institutes
◦ Home Care Settings
About Coherent Market Insights
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us
Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]