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Sunday, 14 April 2024
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Self-Adherent Wraps Market is expected to reach US$ 404.11 million by 2028

The global self-adherent wraps market size is projected to grow from USD 295.14 million in 2022 to USD 404.11 million by 2028.

By The Insight Partners

Increase in Use of Self-Adherent Wraps in Sports and Fitness Sectors

According to our latest market study on “Self-Adherent Wraps Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and End Use,” the self-adherent wraps market size is projected to grow from US$ 295.14 million in 2022 to US$ 404.11 million by 2028; the market expected to record a CAGR of 5.4% from 2022 to 2028. The report highlights key factors driving the market and prominent players along with their developments in the market.

Self-adherent wraps are used on sprains, strains, and other injuries as a wrap. There are various benefits of using self-adherent wraps. Self-adherent wraps stick to themselves; hence they do not require gauze pads or medical tape. Self-adherent wraps can be worn comfortably for long periods, as these wraps are soft, porous, and breathable. Self-adherent wraps are widely used by the athletes and fitness enthusiast to get rid of frequent sprains and strains. 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%. As per the American Academy of Orthopedic Surgeons, 25% of athletic injuries are related to foot and ankle. According to Stanford Medicine Children’s Health, nearly 30 million children and teens participate in organized sports, and more than 3.5 million injuries occur yearly in the US. According to the statistics from the National SAFE KIDS Campaign and the American Academy of Pediatrics, more than 3.5 million children of age 14 and younger get hurt annually while playing sports or participating in recreational activities.

Global Self-Adherent Wraps Market Breakdown – by Region

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00025929

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 self-adherent wraps market growth.

3M Co, Cardinal Health Inc, PRIMED Medical Products Inc, Johnson & Johnson Consumer Inc, Walgreens Co, Dynarex Corp, Milliken & Co, Medline Industries LP, Essity AB, Steroplast Healthcare Ltd, and Performance Health Holding Inc are among the major players operating in the global self-adherent wraps market. Market players are highly focused on developing high-quality and innovative product offerings to fulfill varied requirements of their customers.

Impact of COVID-19 Pandemic on Self-Adherent Wraps Market

In 2020, several industries had to slow down their operations due to disruptions in the value chain caused by the restrictions on national and international boundaries. Disturbances in the global supply chain and the shutdown of production facilities negatively impacted the self-adherent wraps market growth in early 2020. The COVID-19 pandemic resulted in the disruption of many surgical procedures, reducing the use of self-adherent wraps. During the pandemic, road accidents decreased, eventually lessening the demand for self-adherent wraps. On the other hand, household and leisure accidents increased, which created the demand for self-adherent wraps. The global marketplace began recovering from the losses incurred as governments of different countries announced relaxation in social restrictions. Moreover, the rising vaccination rates created conducive environments for industrial progress and manufacturing. Factors such as the reopening of gyms and sports academics further drive the self-adherent wraps market growth.

The report includes the segmentation of the self-adherent wraps market as follows:

Based on type, the self-adherent wraps market is segmented into sterile and non-sterile. By end use, the self-adherent wraps market is segmented into hospitals, specialty clinics, household healthcare, and others. The household healthcare segment is further divided into pharmacies, online, and other household healthcare. Geographically, the self-adherent wraps market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The self-adherent wraps market in North America is further segmented into the US, Canada, and Mexico. The European market is subsegmented into Germany, France, the UK, Italy, Russia, Sweden, and the Rest of Europe. The self-adherent wraps market in Asia Pacific is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the MEA is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The self-adherent wraps market in South & Central America market is categorized into Brazil, Argentina, and the Rest of South & Central America.

 

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