At 5.1% CAGR, the South & Central America Self-Adherent Wraps Market is projected to be worth US$ 27.84 million by 2028, says Business Market Insights

According to Business Market Insights research, the South & Central America self-adherent wraps market was valued at US$ 20.60 million in 2022 and is expected to reach US$ 27.84 million by 2028, registering a CAGR of 5.1% 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 South & Central America 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. 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 South & Central America Self-Adherent Wraps Market.  

Based on type, the South & Central America self-adherent wraps market is segmented into sterile and non-sterile. The non-sterile segment held 87.8% share of South & Central America Self-Adherent Wraps Market in 2022, amassing US$ 18.09 million. It is projected to garner US$ 24.31 million by 2028 to expand at 5.1% CAGR during 2022–2028.

Based on end use, the South & Central America self-adherent wraps market is segmented into hospitals, specialty clinics, household healthcare, and others. The household healthcare segment held 71.8% share of South & Central America Self-Adherent Wraps Market in 2022, amassing US$ 14.79 million. It is projected to garner US$ 19.85 million by 2028 to expand at 5.0% CAGR during 2022–2028.

Based on country, the South & Central America self-adherent wraps market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the Rest of South & Central America captured 45.9% share of South & Central America Self-Adherent Wraps Market in 2022. It was assessed at US$ 9.46 million in 2022 and is likely to hit US$ 12.50 million by 2028, exhibiting a CAGR of 4.7% during the forecast period.      

Key players dominating the South & Central America self-adherent wraps market are 3M Co; Cardinal Health Inc; Essity AB; and Medline Industries LP, among others.

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