San Francisco, California, May 15, 2018: A new research report has been recently added TMR Research to its vast collection of market research studies. The report, titled “Pressure Bandages Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” offers a detailed study of the market, highlights the key growth factors, current trends, and opportunities. In addition, the segmentation and the competitive landscape of the global pressure bandages market have been discussed in the scope of the report.
A significant rise in the number of traumatic sports injuries and accidents is one of the key factors that is predicted to encourage the growth of the global pressure bandage market in the next few years. In addition to this, the increasing use of pressure bandages by doctors for venous leg ulcer is predicted to accelerate the growth of the overall market throughout the forecast period. Furthermore, development of new product and technological advancements are likely to generate promising growth opportunities for the market players in the next few years.
Among the key regional segments, North America is projected to lead the global market for pressure bandages and is likely to remain in the leading position in the coming few years. The high growth of this region can be attributed to the rising prevalence of diabetes among people. In addition to this, the easy availability of products and development of healthcare infrastructure are estimated to accelerate the growth of this region throughout the forecast period.
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Furthermore, the leading players in the global pressure bandages market are focusing on innovations in order to maintain their market position. Some of the key players operating in the global pressure bandages market are Tytek Medical, BSN Medical, Persys Medical, Cardinal Health, Inc., Johnson & Johnson, ConvaTec, Inc., 3M, Smith & Nephew, and Medtronic Plc.