The scope of our recent study on the “Self-Adherent Wraps Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and End Use” includes factors fueling the market growth, revenue estimation and forecast, and market share analysis. It also entails the identification of significant market players and their key developments.
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.
Self-adherent wraps are cohesive elastic wraps made from a nonwoven material and elastic fibers. Acrylic adhesives may also be used in making self-adherent wraps. These wraps utilize an acrylic adhesive layer that sticks to itself and not to other materials or skin. There are various benefits of using self-adherent wraps over conventional adhesive wraps. These wraps do not stick to skin and hair which ensure hassle-free dressing and wrapping. Moreover, these wraps avoid the use of clips and pins and there is no need for frequent readjustments. Furthermore, self-adherent wraps are reusable and more durable than standard cloth versions, as they hold their shape better over time and maintain an intact seal until they are not accidentally torn away. All these factors are driving the demand for self-adherent wraps across the global marketplace.
The self-adherent wraps market is segmented on the basis of type end use, and geography. Based on type, the market is segmented into sterile and non-sterile. The non-sterile segment held the largest market share whereas the sterile segment is expected to register the fastest CAGR during the forecast period. Non-sterile self-adherent wraps are most commonly used for closed wounds. They are suitable for providing soft cushioning support or coverage for a bruise or related wound. These types of wraps are highly used in household healthcare, gyms, sporting institutes, and training centers, etc. Non-sterile self-adherent wraps are more cost-effective as compared to sterile self-adherent wraps. These factors are significantly driving the segment’s growth.
The self-adherent wraps market is segmented into five main regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Europe held the largest share in the global self-adherent wraps market whereas North America is expected to register the highest CAGR in the market during the forecast period. The Europe self-adherent wraps market is anticipated to grow at a significant rate during the forecast period due to the rising geriatric population, increasing sports activities in the region, and increasing healthcare expenditure in European countries. Also, increasing number of multispecialty hospitals supported by the rising need to accommodate emergency admissions of patients across many cities is likely to instigate the adoption of self-adherent wraps across Europe.
Impact of COVID-19 Pandemic on Self-Adherent Wraps Market
Various industries faced unprecedented challenges due to the outbreak of COVID-19 in 2020. Disturbances in the global supply chain and the shutdown of production facilities negatively impacted the self-adherent wraps market growth in early 2020. The pandemic challenged health systems to find the balance between caring for COVID-19 patients and patients with other health issues. The self-adherent wraps market growth slowed due to an expected drop in accidental injuries, surgeries, and other treatments due to the COVID-19 pandemic. However, the market began reviving as governments took significant measures, such as well-coordinated vaccination drives. An increase in surgeries and out-of-home injuries is driving the demand for self-adherent wraps.
1.1.1 Self-Adherent Wraps Market Breakdown – by Region
The report includes the segmentation of the global self-adherent wraps market as follows:
Based on type, the self-adherent wraps market is segmented into sterile and non-sterile. Based on end use industry, 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. By geography, the 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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