The Europe compression bandages market will derive growth from recent product advancements by major companies. According to a report published by Fortune Business Insights, titled “Europe Compression Bandages Market Size, Share & Industry Analysis, 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, Nursing Care Centers & Skilled Nursing Facilities, Home Care, Others) and Regional Forecast, 2019-2026,” the market was valued at USD 340.4 Million in 2018 is projected to reach USD 510.9 Million by 2026, exhibiting a CAGR of 5.2% during the forecast period.
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Compression is a potent therapy that has been successfully used in surgical procedures for a long time. The benefits of this method in managing ulcers and other disorders has led to a huge adoption across the world. Venous leg ulceration (VLU) and chronic venous insufficiency (CVI) are two of the most common types of ulcers anywhere around the world. The key to successful treatment of these types of ulcers lies in the use of compression processes. Compression plays a huge part in reducing lymphoedema and massively helps in reducing ulcers. The adoption of advanced technologies in several countries across Europe will aid the growth of the Europe compression bandages market in the forthcoming years.
The report provides a detailed analysis of the Europe compression bandages market and highlights key companies in the market. Fortune Business Insights analyzes some of the most attractive business strategies that these companies have adopted in recent years and gauges the impact of these strategies on the Europe compression bandages market. Additionally, the report highlights the leading players in the regional market.
Advent of Clinically Effective Pressure Bandages Forecast to Enable Market Growth
Diseases such as lymphoedema and other venous diseases possess several health risks. As a result of the high severity of these disorders, it is essential to diagnose and treat the conditions at an early stage. The efficiency of compression therapy towards the treatment of several types of edema, coupled with the increased awareness regarding the side effects of such disorders will constitute an increase in the Europe compression bandages market size in the coming years. The efficacy of compression bandages hugely depends on the amount and precision of pressure that they exert on the related area. Therefore, the introduction of compression bandages with a broad pressure range will help companies generate substantial revenue in the Europe compression bandages industry in the forthcoming years.
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