The global Smart Bandage Market is entering a transformative era, driven by rapid progress in sensor integration, bioelectronics, and AI-enabled wound monitoring. Valued at USD 1.51 billion in 2024, the market is anticipated to reach USD 1.75 billion in 2025 and grow substantially to USD 3.69 billion by 2030, reflecting a robust CAGR of 16.1% from 2025 to 2030. The rising incidence of chronic and diabetic wounds globally—especially among aging and diabetic populations—continues to elevate the need for advanced wound care solutions capable of real-time monitoring and personalized therapy. Supportive regulatory frameworks, increasing digital health investments, and rapid technological advancements are catalyzing widescale adoption. While high development and regulatory costs pose challenges, the integration of AI-driven telehealth systems with smart bandage technologies is revolutionizing care delivery, particularly in remote and resource-challenged regions. This manuscript provides a holistic overview of market drivers, constraints, segmentation, regional insights, and strategic initiatives shaping the future landscape of smart bandages.