A pressure bandage comprising an elastic band having a first end comprising a pocket member and a second end that is removably attachable to the first end. An inflatable bladder is placed in the pocket member and provides a substantially uniform pressure over a wound area when the band is placed on a patient and the bladder is inflated. The bladder is connected to a tube element which is used to inflate the bladder to the desired pressure. The elastic band may include a shoulder strap and may wrap over a patient's shoulder, across the patient's chest, and under the patient's opposite arm. The bottom side of the elastic band (facing the patient) may be made of a soft, absorptive material, and the bottom side of the pocket member may include an expandable mesh.