Latin America (LATAM) Physiotherapy Tapes & Bandages Market 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.
New York, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Latin America (LATAM) Physiotherapy Tapes & Bandages Market" - https://www.reportlinker.com/p05996762/?utm_source=GNW
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.
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