Athletes involved in sports perform activities such as jumping and running and are typically at a higher risk of getting injured. Sports such as running, basketball, soccer, football, and martial arts are commonly associated with injuries. The prevalence of sports-related ankle injuries ranges from 20% to 50%. Self-adherent wraps provide support for sprains and strains. Self-adherent wraps do not stretch and loosen over time like athletic bandage tape. These wraps can be applied in more layers to create more support. As a result, self-adherent wraps are highly used in the sports and fitness sectors to wrap ankle sprains and strains and secure dressings quickly. Hence, the increasing use of self-adherent wraps in the sport and fitness sectors is driving the market growth.
South & Central America Self-Adherent Wraps Market Overview
The self-adherent wrap market in South & Central America is segmented into Brazil, Argentina, and the Rest of South & Central America. Self-adherent wraps are specifically designed for convenience of utilization. Growing customer awareness of self-adherent wrap advantages has surged the demand for the product in household primary care kit. Customers prefer wrapping sprains and injury with self-adherent wraps due to their ease of application. According to a report published by the International Trade Administration in 2023, Brazil invests 9.1% of its GDP in the healthcare sector, comprising 532,645 hospital beds, 88,000 supplementary healthcare services, 502,000 physicians, and 89,000 drug stores as of 2021. According to the World Health Organization, Brazil spends US$ 1,035 per capita on healthcare annually. In the past few years, there has been a considerable rise in the number of hospitals in Brazil, majorly due to increasing number of traffic accidents and surgeries. The self-adherent wraps are extensively used in the aforementioned clinical areas. Thus, the growing healthcare sector and rising number of hospitals in South & Central America are anticipated to boost the demand for self-adherent wraps in the region during the forecast period.
South & Central America Self-Adherent Wraps Market Segmentation
The South & Central America self-adherent wraps market is segmented into type, end use, and country.
Based on type, the South & Central America self-adherent wraps market is segmented into sterile and non-sterile. The non-sterile segment held a larger share of the South & Central America self-adherent wraps market in 2022.
Based on end use, the South & Central America self-adherent wraps market is segmented into hospitals, specialty clinics, household healthcare, and others. Household healthcare is segmented into pharmacies, online, and other household healthcare. The household healthcare segment held the largest share of the South & Central America self-adherent wraps market in 2022.
Based on country, the South & Central America self-adherent wraps market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the share of the South & Central America self-adherent wraps market in 2022.
3M Co; Cardinal Health Inc; Essity AB; and Medline Industries LP are the leading companies operating in the South & Central America self-adherent wraps market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 20.60 Million |
| Market Size by 2028 | US$ 27.84 Million |
| CAGR (2022 - 2028) | 5.1% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South & Central America Self-Adherent Wraps Market is valued at US$ 20.60 Million in 2022, it is projected to reach US$ 27.84 Million by 2028.
As per our report South & Central America Self-Adherent Wraps Market, the market size is valued at US$ 20.60 Million in 2022, projecting it to reach US$ 27.84 Million by 2028. This translates to a CAGR of approximately 5.1% during the forecast period.
The South & Central America Self-Adherent Wraps Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Self-Adherent Wraps Market report:
The South & Central America Self-Adherent Wraps Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Self-Adherent Wraps Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Self-Adherent Wraps Market value chain can benefit from the information contained in a comprehensive market report.
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