United States Compression Garments and Bandages Market Assessment, By Product [Compression Garments and Compression Bandages], By Application [Varicose Vein Treatment, Deep Vein Thrombosis Treatment, Lymphedema Treatment, Leg Ulcer Treatment, Other Applications], By Distribution [Pharmacies & Retailers, E-Commerce Platform, Hospitals, Clinics, Others], By Region, Opportunities, and Forecast, 2016-2030F

The United States Compression Garments and Bandages Market was valued at USD 797 million in 2022 and is expected to grow at a CAGR of 7.18% for the forecast period between 2023-2030. Compression garments and bandages are specialized textile products that are designed to treat various conditions effectively, including deep vein thrombosis, varicose veins, venous leg ulcers, and cancer-related lymphedema.   

The United States compression garments and bandages market is expanding owing increasing geriatric population in the country, growing need for non-invasive treatment choices, increasing number of venous diseases and the rapid advancements in textile technology encouraging the growth of compression hosiery products, such as the use of silver ions, which have been presented to be an effective bactericidal agent.

However, the shortcomings of currently available compression treatment products, such as lack of elasticity, low frictional resistance, and adverse effects brought on by compression hosiery stockings, such as allergic responses, are expected to limit the market's future expansion.

Growing Incidence of Injuries and Accidents

People are actively engaged in physical activities and sports-related injuries have become more common. One of the leading causes of mortality, disability and injuries throughout the country are traffic accidents, followed by sports-related injuries. Accidental situations are frequently accompanied by moderate or severe skeletal system injuries. Compression treatment products are frequently utilized in these situations to help the healing process and hasten patient recovery. An estimated 8.6 million sports injuries are reported each year in the United States.

Introduction Of Clinically Effective Pressure Bandages by Key Manufacturers

To enhance the quality of life, it is necessary to manage edema associated with venous disorders and lymphedema optimally. Compression therapy decreases and stabilizes swelling in the legs & arms, and it is a primary therapeutic choice for such conditions. Several medical device firms including Smith & Nephew and BSN Medical are developing innovative compression bandages for the cost-effective clinical care of wounds, venous disorders, and lymphedema. Additionally, to increase elasticity, the manufacturers are also producing compression bandages made from a combination of more than two materials.

Impact of COVID-19 on the United States Compression Garments and Bandages Market

The COVID-19 pandemic has had a mixed impact on the United States compression garments and bandages market. On one hand, the pandemic has increased the demand for certain types of compression garments and bandages, particularly those used for wound care and post-operative recovery. The surge in hospitalizations and surgeries has led to a corresponding increase in the need for these products. Additionally, COVID-19 patients with respiratory issues often require compression garments to improve their breathing, further boosting demand. On the other hand, the pandemic disrupted the supply chain for compression garments and bandages, causing shortages and delays in delivery. Manufacturing facilities and distribution networks were affected by lockdowns, travel restrictions, and social distancing measures, leading to difficulties in obtaining raw materials and transporting finished products.

Impact of Russia-Ukraine War on the United States Compression Garments and Bandages Market

There does not seem to be any direct impact of the Russia-Ukraine war on the compression garments and bandages market in the United States. While geopolitical events can sometimes have ripple effects on various industries, there is no clear connection between the conflict in Eastern Europe and the production or distribution of these medical products in the United States. Although, export of compression garments and bandages to Russia was impacted due to economic sanctions imposed by United States. 

Report Scope

“United States Compression Garments and Bandages Market Assessment, Opportunities, and Forecast, 2016-2030F”, is a comprehensive report by Markets and Data, providing in-depth analysis and assessment of the current state of affairs of Compression Garments and Bandages Market in United States, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, impact of COVID-19 and Russia-Ukraine war, opportunities, and forecasts (2023-2030). Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute	Details
Base Year of the Analysis	2022
Historical Period	2016-2021
Forecast Period	2023-2030
Projected Growth Rate	CAGR of 7.18 % from 2023-2030
Units	Revenue in USD Million and Volume in Units Thousands
Segments Covered	Product, Application, Distribution
Regions Covered	Northeast, Southwest, West, Southeast, Midwest
Key Companies Profiled	3M Co, Cardinal Health Inc, Essity AB, Smith & Nephew Plc, medi GmbH & Co KG, Medline Industries Inc, SIGVARIS Management AG, Lohmann & Rauscher International, Thuasne SAS
Customization Scope	15% free report customization with purchase
Pricing and Purchase Options	Avail the customized purchase options to fulfil your precise research needs
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/PDF format on special request)

 

In this report, United States Compression Garments and Bandages Market been segmented into the following categories: 

1.        United States Compression Garments and Bandages Market, By Product

1.1.    Compression Garments

1.2.    Compression Bandages

1.3.    Others

2.        United States Compression Garments and Bandages Market, By Application

2.1.    Varicose Vein Treatment

2.2.    Deep Vein Thrombosis Treatment

2.3.    Lymphedema Treatment

2.4.    Leg Ulcer Treatment

2.5.    Other Applications

3.       United States Compression Garments and Bandages Market, By Distribution

3.1.    Pharmacies & Retailers

3.2.    E-Commerce Platform

3.3.    Hospitals

3.4.    Clinics

3.5.    Others

4.       United States Compression Garments and Bandages Market, By Region

4.1.    Northeast

4.2.    Southwest

4.3.    West

4.4.    Southeast

4.5.    Midwest

Key Players Landscape and Outlook

Some of the leading companies in the Compression Garments and Bandages market are Cardinal Health Inc, Sigvaris AG, 3M Co, medi GmbH & Co KG, Lohmann & Rauscher GmbH & Co. KG, Thuasne SAS, Medline Industries Inc, Smith & Nephew Plc. Cardinal Health Inc dominated the market in 2022 in terms of share, value, and volume.

Key Players Operating in Compression Garments and Bandages Market

·         3M Co

·         Cardinal Health Inc

·         Essity AB

·         Smith & Nephew Plc

·         medi GmbH & Co KG

·         Medline Industries Inc

·         SIGVARIS Management AG

·         Lohmann & Rauscher International

·         Thuasne SAS

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·         How are the markets predicted to develop in the future and what factors will drive or inhibit growth?

·         What is the business environment and regulatory landscape specific to the product/service?

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