At 4.5% CAGR, the Europe Self-Adherent Wraps Market is projected to be worth US$ 134.93 million by 2028, says Business Market Insights

According to Business Market Insights research, the Europe self-adherent wraps market was valued at US$ 103.45 million in 2022 and is expected to reach US$ 134.93 million by 2028, registering a CAGR of 4.5% 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 Europe self-adherent wraps market expansion.        

Various countries worldwide are focusing on enhancing healthcare infrastructure in line with the highest global standards and specialized treatment. Investments in strengthening health system resilience aim to protect people, fortify the foundations of health systems, and provide better health services to people. In the UK, in October 2020, the Prime Minister announced details of 40 hospitals to be built by 2030, with a further eight new schemes invited to bid for future funding as part of the largest hospital-building program in a generation. These hospitals are part of the country’s more comprehensive plans to invest in buildings and equipment to ensure a world-class healthcare system. As a result of increasing investments in healthcare infrastructure, the demand for various medical products required to treat patients, including self-adherent wraps, is expected to grow. Self-adherent wraps are used in applications such as emergency rooms, intensive care units, surgeries, wound care, cardiovascular, and critical care. Hence, the increasing investments in healthcare infrastructure is expected to provide more opportunities for the self-adherent wraps market growth during the forecast period.

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

Based on type, the Europe self-adherent wraps market is segmented into sterile and non-sterile. The non-sterile segment held 78.1% share of Europe Self-Adherent Wraps Market in 2022, amassing US$ 80.79 million. It is projected to garner US$ 104.58 million by 2028 to expand at 4.4% CAGR during 2022–2028.

Based on end use, the Europe self-adherent wraps market is segmented into hospitals, specialty clinics, and ambulatory surgical centers. The hospitals segment held 59.8% share of Europe Self-Adherent Wraps Market in 2022, amassing US$ 61.72 million. It is projected to garner US$   79.77 million by 2028 to expand at 4.4% CAGR during 2022–2028.

Based on country, the Europe self-adherent wraps market has been categorized into Germany, France, Italy, the UK, Russia, Sweden, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 34.2% share of Europe Self-Adherent Wraps Market in 2022. It was assessed at US$ 35.34 million in 2022 and is likely to hit US$ 43.72 million by 2028, exhibiting a CAGR of 3.6% during the forecast period.      

Key players dominating the Europe 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.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com