At 5.8% CAGR, the Asia Pacific Self-Adherent Wraps Market is projected to be worth US$ 120.10 million by 2028, says Business Market Insights

According to Business Market Insights research, the Asia Pacific self-adherent wraps market was valued at US$ 85.83 million in 2022 and is expected to reach US$ 120.10 million by 2028, registering a CAGR of 5.8% from 2022 to 2028. Advantages of self-adherent wraps and increase in use of self-adherent wraps in sports and fitness sectors are the critical factors attributed to the Asia Pacific self-adherent wraps market expansion.        

In recent years, the e-commerce industry has been growing rapidly. An increasing number of consumers buy different products online due to the best price, convenience, fast and easy delivery, diversity of products, and special promotions (free shipping, discounts, loyalty program, cashback, etc.). An online pharmacy is a convenient and quick shop from where consumers can quickly order different medicines and other related products. For older adults, physically challenged people, and working professionals, online pharmacy is a convenient way of purchasing different medical products. Online pharmacies save consumers the trouble of visiting local pharmacy shops and waiting in line for medicines. Online pharmacies also offer discounts on various products purchased in bulk. With online pharmacies, consumers can place orders anytime from anywhere. Also, 24*7 online customer support is provided to solve consumers’ queries regarding medicines. Online pharmacies provide the facility of cashless payments by credit card or debit card, or Paytm, or consumers can also pay by cash on delivery. Due to all these benefits, consumers prefer online pharmacies to buy different products. As a result, the online pharmacy sector has grown exponentially, especially during the COVID-19 pandemic. Online retailers and online pharmacies offer self-adherent wraps of different brands in various sizes and colors. Therefore, the sales of self-adherent wraps is expected to rise through online pharmacy channel in the coming years with a rising trend to adoption of online pharmacy services.

On the contrary, availability of counterfeit products hampers the Asia Pacific Self-Adherent Wraps Market. 

Based on type, the Asia Pacific self-adherent wraps market is segmented into sterile and non-sterile. The non-sterile segment held 82.7% share of Asia Pacific Self-Adherent Wraps Market in 2022, amassing US$ 71.01 million. It is projected to garner US$ 98.86 million by 2028 to expand at 5.7% CAGR during 2022–2028.

Based on end use, the Asia Pacific self-adherent wraps market is segmented into hospitals, specialty clinics, household healthcare, and others. The household healthcare segment held 70.6% share of Asia Pacific Self-Adherent Wraps Market in 2022, amassing US$ 60.59 million. It is projected to garner US$ 84.10 million by 2028 to expand at 5.6% CAGR during 2022–2028.

Based on country, the Asia Pacific self-adherent wraps market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that the Rest of Asia Pacific captured 38.5% share of Asia Pacific Self-Adherent Wraps Market in 2022. It was assessed at US$ 33.04 million in 2022 and is likely to hit US$ 44.50 million by 2028, exhibiting a CAGR of 5.1% during the forecast period.      

Key players dominating the Asia Pacific self-adherent wraps market  are 3M Co; Cardinal Health Inc; Essity AB; Medline Industries LP; Performance Health Holding Inc; Steroplast Healthcare Ltd; and Walgreens Co, among others.

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