Product Code: LS12086
The growing prevalence of road accidents and sports injuries is a major factor responsible for the soaring requirement for physiotherapy tapes & bandages in Latin America. As per the World Health Organization (WHO), the death rate of people out of every 100,000 persons because of road accidents was 21.5% in Colombia, 24.8% in Ecuador, 40.8% in Venezuela, 20.2% in Brazil, 10.2% in Chile, 13.7% in Peru, and 13.4% in Colombia, Ecuador, Venezuela, Brazil, Chile, Peru, and Argentina, respectively, in 2018.
Road crashes cause severe fractures and other kinds of injuries that usually require surgeries. Moreover, the post-operative care generally involves physiotherapy for reducing or overcoming the effects of disability or pain caused because of the crash. In aftercare physiotherapy, physiotherapy bandages are heavily used for providing patients relief from pain. Because of this reason, the rising incidence of road accidents is boosting the sales of physiotherapy bandages in the Latin American (LATAM) countries.
The other major factor fueling the demand for these bandages is the surging number of physiotherapists in the region. According to the World Confederation for Physical Therapy, there were as many as 350,221 physiotherapists in the region in June 2019. Out of them, Mexico had 4,861 practicing physiotherapists, Brazil had nearly 250,000, Chile had 30,360, Ecuador had 2,530, Colombia had 29,483, and Peru had 5,000. This, in turn, pushed up the demand for physiotherapy bandages and tapes in the region.
Hence, with the growing sales of these bandages and tapes, the Latin American (LATAM) physiotherapy tapes and bandages market would register huge growth in the coming years. As a result, the value of the market would grow from $30.4 million to $39.8 million from 2019 to 2030, as per the estimates of P&S Intelligence, a market research firm based in India. Furthermore, the market is predicted to advance at a CAGR of 2.7% from 2020 to 2030.
Thus, it can be said with full conviction that the sales of physiotherapy tapes and bandages would surge in Latin America in the coming years, primarily because of the rising incidence of sports injuries, spine-related problems, and road accidents and the increasing number of practicing physiotherapists in the LATAM countries.
Table of Contents
Chapter 1. Research Background
- 1.1 Research Objectives
- 1.2 Market Definition
- 1.3 Research Scope
- 1.3.1 Market Segmentation by Product
- 1.3.2 Market Segmentation by Country
- 1.4 Analysis Period
- 1.5 Market Data Reporting Unit
- 1.6 Key Stakeholders
Chapter 2. Research Methodology
- 2.1 Secondary Research
- 2.2 Primary Research
- 2.2.1 Breakdown of Primary Research Respondents
- 2.2.1.1 By country
- 2.2.1.2 By industry participant
- 2.2.1.3 By company type
- 2.3 Baseline Methodology
- 2.4 Market Size Estimation
- 2.5 Data Triangulation
- 2.6 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
- 4.1 Definition
- 4.1.1 By Product
- 4.1.1.1 Tapes
- 4.1.1.2 Bandages
- 4.1.1.3 Others
- 4.2 Market Dynamics
- 4.2.1 Trend
- 4.2.1.1 Advancements in the physiotherapy products
- 4.2.2 Drivers
- 4.2.2.1 Subsequent increase in the prevalence of chronic diseases
- 4.2.2.2 Rising healthcare expenditure
- 4.2.2.3 Rising geriatric population
- 4.2.2.4 High incidence of sport injuries and road accidents
- 4.2.2.5 Increasing awareness programs by public and private organizations
- 4.2.2.6 Supportive initiatives by governments
- 4.2.2.7 Presence of a large number of physiotherapists
- 4.2.2.8 Adoption of sedentary lifestyle
- 4.2.2.9 Product affordability and easy availability
- 4.2.2.10 Impact analysis of drivers on market forecast
- 4.2.3 Restraints
- 4.2.3.1 Low focus on epidemiological studies
- 4.2.3.2 Lack of trained and skilled professionals
- 4.2.3.3 Impact analysis of restraints on market forecast
- 4.2.4 Opportunities
- 4.2.4.1 Product sales through e-commerce
- 4.2.4.2 Promotion and branding initiatives undertaken by major product manufacturers
- 4.3 Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Buyers
- 4.3.2 Bargaining Power of Suppliers
- 4.3.3 Intensity of Rivalry
- 4.3.4 Threat of New Entrants
- 4.3.5 Threat of Substitutes
- 4.4 Impact of COVID-19
Chapter 5. LATAM Market Size and Forecast
- 5.1 By Product
- 5.2 By Country
Chapter 6. Brazil Market Size and Forecast
Chapter 7. Mexico Market Size and Forecast
Chapter 8. Argentina Market Size and Forecast
Chapter 9. Colombia Market Size and Forecast
Chapter 10. Chile Market Size and Forecast
Chapter 11. Peru Market Size and Forecast
Chapter 12. Ecuador Market Size and Forecast
Chapter 13. Competitive Landscape
- 13.1 Brand Mapping
- 13.2 Strategic Developments of Key Players
- 13.2.1 Product Launch and Approval
- 13.2.2 Mergers and Acquisitions
- 13.2.3 Others
Chapter 14. Company Profiles
- 14.1 DeRoyal Industries Inc.
- 14.1.1 Business Overview
- 14.1.2 Product and Service Offerings
- 14.2 Johnson & Johnson
- 14.2.1 Business Overview
- 14.2.2 Product and Service Offerings
- 14.2.3 Key Financial Summary
- 14.3 3M Company
- 14.3.1 Business Overview
- 14.3.2 Product and Service Offerings
- 14.3.3 Key Financial Summary
- 14.4 Essity AB
- 14.4.1 Business Overview
- 14.4.2 Product and Service Offerings
- 14.4.3 Key Financial Summary
- 14.5 Beiersdorf AG
- 14.5.1 Business Overview
- 14.5.2 Product and Service Offerings
- 14.5.3 Key Financial Summary
- 14.6 Becker Orthopedic
- 14.6.1 Business Overview
- 14.6.2 Product and Service Offerings
- 14.7 Implus Corporation
- 14.7.1 Business Overview
- 14.7.2 Product and Service Offerings
- 14.8 KT Health LLC
- 14.8.1 Business Overview
- 14.8.2 Product and Service Offerings
- 14.9 Kinesio Taping LLC
- 14.9.1 Business Overview
- 14.9.2 Product and Service Offerings
- 14.10 THYSOL Group BV
- 14.10.1 Business Overview
- 14.10.2 Product and Service Offerings
- 14.11 Atex Co. Ltd.
- 14.11.1 Business Overview
- 14.11.2 Product and Service Offerings
- 14.12 SpiderTech Inc.
- 14.12.1 Business Overview
- 14.12.2 Product and Service Offerings
- 14.13 NASARA Corporation
- 14.13.1 Business Overview
- 14.13.2 Product and Service Offerings
Chapter 15. Appendix
- 15.1 Abbreviations
- 15.2 Sources and References
- 15.3 Related Reports
LIST OF TABLES
- TABLE 1 ANALYSIS PERIOD OF THE STUDY
- TABLE 2 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
- TABLE 3 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
- TABLE 4 LATAM PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2014-2019)
- TABLE 5 LATAM PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2020-2030)
- TABLE 6 LATAM PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY COUNTRY, $MILLION (2014-2019)
- TABLE 7 LATAM PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY COUNTRY, $MILLION (2020-2030)
- TABLE 8 BRAZIL PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2014-2019)
- TABLE 9 BRAZIL PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2020-2030)
- TABLE 10 MEXICO PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2014-2019)
- TABLE 11 MEXICO PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2020-2030)
- TABLE 12 ARGENTINA PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2014-2019)
- TABLE 13 ARGENTINA PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2020-2030)
- TABLE 14 COLOMBIA PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2014-2019)
- TABLE 15 COLOMBIA PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2020-2030)
- TABLE 16 CHILE PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2014-2019)
- TABLE 17 CHILE PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2020-2030)
- TABLE 18 PERU PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2014-2019)
- TABLE 19 PERU PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2020-2030)
- TABLE 20 ECUADOR PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2014-2019)
- TABLE 21 ECUADOR PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2020-2030)
- TABLE 22 PHYSIOTHERAPY TAPES AND BANDAGES PRODUCT/BRAND MAPPING
- TABLE 23 DEROYAL INDUSTRIES INC. - AT A GLANCE
- TABLE 24 JOHNSON & JOHNSON - AT A GLANCE
- TABLE 25 JOHNSON & JOHNSON - KEY FINANCIAL SUMMARY
- TABLE 26 3M COMPANY - AT A GLANCE
- TABLE 27 3M COMPANY - KEY FINANCIAL SUMMARY
- TABLE 28 ESSITY AB - AT A GLANCE
- TABLE 29 ESSITY AB - KEY FINANCIAL SUMMARY
- TABLE 30 BEIERSDORF AG - AT A GLANCE
- TABLE 31 BEIERSDORF AG - KEY FINANCIAL SUMMARY
- TABLE 32 BECKER ORTHOPEDIC - AT A GLANCE
- TABLE 33 IMPLUS CORPORATION - AT A GLANCE
- TABLE 34 KT HEAKTH LLC - AT A GLANCE
- TABLE 35 KINESIO TAPING LLC - AT A GLANCE
- TABLE 36 THYSOL GROUP BV - AT A GLANCE
- TABLE 37 ATEX CO. LTD. - AT A GLANCE
- TABLE 38 SPIDERTECH INC. - AT A GLANCE
- TABLE 39 NASARA CORPORATION - AT A GLANCE
LIST OF FIGURES
- FIG 1 RESEARCH SCOPE - PHYSIOTHERAPY TAPES & BANDAGES MARKET
- FIG 2 RESEARCH METHODOLOGY
- FIG 3 SPLIT OF PRIMARY AND SECONDARY RESEARCH IN LATAM
- FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY COUNTRY
- FIG 5 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
- FIG 6 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
- FIG 7 DATA TRIANGULATION APPROACH
- FIG 8 LATAM PHYSIOTHERAPY TAPES & BANDAGES MARKET SUMMARY
- FIG 9 BARGAINING POWER OF BUYERS
- FIG 10 BARGAINING POWER OF SUPPLIERS
- FIG 11 INTENSITY OF RIVALRY
- FIG 12 THREAT OF NEW ENTRANTS
- FIG 13 THREAT OF SUBSTITUTES
- FIG 14 LATAM PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2014-2030)
- FIG 15 LATAM PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY COUNTRY, $MILLION (2014-2030)
- FIG 16 BRAZIL PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2014-2030)
- FIG 17 MEXICO PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2014-2030)
- FIG 18 ARGENTINA PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2014-2030)
- FIG 19 COLOMBIA PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2014-2030)
- FIG 20 CHILE PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2014-2030)
- FIG 21 PERU PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2014-2030)
- FIG 22 ECUADOR PHYSIOTHERAPY TAPES & BANDAGES MARKET, BY PRODUCT, $MILLION (2014-2030)
- FIG 23 JOHNSON & JOHNSON - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
- FIG 24 3M COMPANY - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
- FIG 25 ESSITY AB - REVENUE SPLIT BY DIVISION AND GEOGRAPHY (2019)
- FIG 26 BEIERSDORF AG - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)