Global Elastic Bandages Market to Exceed USD 5 billion by 2026, at a CAGR of 6.2% from 2018 to 2026

NEW YORK, April 03, 2018 -- Global Elastic Bandages Market was valued at USD 3.4 billion in 2017 and is expected to reach USD 5.8 billion by 2026, at a CAGR of 6.2% from 2018 to 2026. An elastic bandage is a stretchable bandage used to create localized pressure. The modern elastic bandage is constructed from cotton, polyester and latex-free elastic yarns. Elastic bandages are made by varying the ratio of cotton, polyester, and the elastic yarns within a bandage. These cotton and elastic wraps that help to support injured body parts like arms, wrists, elbows, ankles, knees and legs. 

Various Elastic Bandages available in market like woven Elastic Bandage, Latex Free (Non-Sterile) Woven Elastic Bandage, Latex Free (Sterile), non-sterile/latex free, Self-Closure Elastic Bandage (Non Sterile/Latex Free).These elastic bandages provide absorbency, breathability and durability for reuse. Bandages function as multi-layer systems where compression generating layers are combined with padding. The properties and characteristics of the compression generating layer (elastic bandage layer) are the most important, which determine the interface pressure levels. 

The Bandages can be of categories like General and Coloured. Due to the high quality, natural fibres used, the Coloured Compression Elastic Bandage is non-allergenic and eliminates the risk of itching. Its soft-strong texture permits blood circulation and thus it can easily be applied to all areas when required for long periods. Coloured Elastic Bandage can be used in the treatment of varicose, orthopaedic use, sportive traumas, soft-tissue tractions and surgeries. It has 150% elasticity and comes with two clips to fix the bandage. 

The Elastic Bandages are used in upper limbs and lower limbs For lower limbs the bandages are used to cure fractures, hairline fractures, joint dislocation, varicose veins, orthopaedic procedures, ankle sprains, thigh cramps, muscle pulls, deep cuts, and accidental amputations. Elastic Bandages for lower limbs are widely used by athletes and its sale is very high during the sports seasons like matches, Olympics and national games. For upper limbs the bandages are used to treat joint dislocations, hairline fractures, swellings, acute injuries and to provide support to injured soft tissues. They are used in scenarios like shoulder spice, elbow figure eight, hand wrist figure eight and compression dressings.

The general Bandage is composed of polyester, cotton and latex. Since it is mostly first grade, 100% cotton, it is non-allergenic and does not cause any itching. It can be used in all areas where medium-level support is required; such as muscular pains and bruises. It has 125% elasticity and comes with two (2) metal or rubber clips – depending upon request- to fasten the bandage. Coloured bandages are more popular in use as they look attractive rather than the plain general bandage and are widely used by athletes due to its high-quality fibres. In terms of price the Coloured Bandages cost about $0.35 whereas the general bandages are a tad bit cheaper with the cost of $0.04. Export markets of general bandages include Eastern Europe, Southeast Asia, Mid East, North America and Eastern Asia. Those of Colored Bandages include North America, Africa, Southeast Asia and Mid East.

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The elastic bandage market segmented on the basis of applications into specialist retailers, factory outfits and internet sales. The growing e- commerce market is helping the internet sales grow at a rapid pace. The growing tourism industry has provided major boost to the global bandages market as more people are shifting their preferences to light weight and compact bandages carrying options. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period 2018 to 2022. By end user, market segmentation includes hospitals, clinics, home care settings and ambulatory surgery centres. Among these, Hospitals are expected to dominate the global medical tapes and bandages market. By the end of 2017, hospitals are estimated to account for more than half of the revenue share. 

Based on the application, surgical wound treatments are expected to emerge as the largest segment in terms of application. Geographically, the global medical tapes and bandages market is categorized into Europe, North America, Asia Pacific Excluding Japan (APEJ), Latin America, Japan, and the Middle East and Africa (MEA). Among these, North America is expected to dominate the global medical tapes and bandages market. Prevalence of chronic wounds, orthopaedic injuries and rise in the surgeries are resulting in the increasing use of bandages and medical tapes in the region. Meanwhile, APEJ and Europe are also expected to witness growth during the forecast period 2017-2026.

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Elastic Bandages Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Elastic Bandages Market:
• 3M

• CardinalHealth

• Avcor Health Care

• Tetra Medical Supply Corp

• Paul Hartmann

• Covidien

• Kerma Medical Products

• DeRoyal Industries

• BSN Medical Inc

• Patterson Medical

• DJO Global

• Alimed

• Andover Healthcare

• Anji FangYuan Sanitary Material

• Anji Jixiang

• Zhejiang Dongyang Dongsheng Medical Dressing

• Anji Chaoqiang Bandage Weaving Factory

• Hubei Joy Bone Medical Products

• GSPmed

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