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Compression Bandages Market Size to Reach USD 1.84 Billion at 5.3% CAGR Forecast 2019-2026 | Fortune Business Insights

November 15th, 2019 Fortune Business Insights Releases

Fortune Business Insights has published a premium research report on, titled, “Compression Bandages Market Size, Share & Industry Analysis, By Product (Short Stretch Bandages, Long Stretch Bandages, Multilayer Compression Bandages), By Material (Polyster, Latex, Cotton, Others), By Application (Wound Management, Deep Vein Thrombosis, Lymphedema, Others), By End-user (Hospitals & Ambulatory Surgical Centers, Clinics, Nursing Care Centers & Skilled Nursing Facilities, Home Care, Others) and Regional Forecast, 2019-2026.”

The global Compression Bandages Market is projected to gain momentum from the rising incidence of deep vein thrombosis, venous ulcers, and lymphedema. The market is projected to reach USD 1.84 Billion by 2026, thereby exhibiting a CAGR of 5.3% during the forecast period.

list of key companies mentioned in asthma drugs market report,

  • Essity (BSN medical GmbH)
  • Paul Hartmann AG
  • Smith & Nephew plc
  • Mölnlycke Health Care AB
  • Lohmann & Rauscher GmbH & Co. KG
  • Braun Melsungen AG
  • 3M
  • Cardinal Health
  • ConvaTec Group PLC
  • Other prominent players

However, the compression bandages market size was worth USD 1.21 Billion in 2018. Additionally, an increasing adoption of compression therapy by healthcare providers to manage target diseases would positively impact the market.

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/compression-bandages-market-100839

The report analyzes and tracks strategic developments undertaken by key market players, such as joint ventures, agreements, acquisitions, new product launches, mergers, collaborations, and partnerships.

It offers elaborate information about the significant factors influencing growth, namely, compression bandages market trends, opportunities, drivers, hindrances, and industry-specific other challenges. It further aid in highlighting the micro markets with respect to contributions and future prospects of the entire market.

Short Stretch Bandages Segment to Dominate Owing to Reusability & Reasonable Price

In terms of product, the compression bandages market is grouped into multilayer compression bandages, long stretch bandages, and short stretch bandages. Out of these, the short stretch bandages segment held a share of 37.7% in the year 2018.

It is due to its cost-effectiveness and reusability. It is likely to retain its position during the forecast period. Long stretch compression bandages, on the other hand, will showcase a significantly higher CAGR due to the rapid inclination of healthcare professionals and patients towards these products.

Furthermore, demand for multilayer compression bandages is projected to skyrocket in the coming years. It would occur due to its high usability in those patients who are affected by lymphedema and chronic wounds. These bandages are capable of providing maximum support and larger elasticity for immediate cure of various crucial diseases.

Order Complete Report: https://www.fortunebusinessinsights.com/checkout-page/100839

North America to Dominate: Rising Geriatric Population to Surge Demand

The compression bandages market is geographically fragmented into Latin America, the Middle East and Africa, Europe, Asia Pacific, and North America. Amongst these, North America is anticipated to dominate the market during the forecast period.

It had also generated the highest revenue in 2018. The growth is attributed to the increasing geriatric population, which in turn, is rising the prevalence of venous diseases. Moreover, the easy accessibility of compression bandages and the presence of renowned market players in the U.S. are projected to boost compression bandages market growth in this region.

Milliken & Company Acquires Andover Healthcare to Expand its Innovative Product Portfolio  

Milliken & Company, a diversified industrial manufacturer, based in South Carolina, announced that it has successfully acquired Andover Healthcare, a leading manufacturer of bandages and tapes for sports medicine, animal health, and healthcare markets, headquartered in Salisbury, in June 2019.

The acquisition enables both companies in bringing innovative, comprehensive, and streamlined solutions to the healthcare providers. The companies share a goal to create a positive impact on the masses across the world with patient-driven, technologically advanced, and high-quality products.

Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/compression-bandages-market-100839 

About Us:

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.

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Email: sales@fortunebusinessinsights.com 

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