The medical dressings with adhesive layer market in South Africa experienced a steady increase from 2012 to 2019, with values rising from 85.794 million USD to 104.06 million USD. A significant drop occurred in 2020, attributed likely to the COVID-19 pandemic, reducing the market value to 87.919 million USD. This was followed by a recovery in 2021, with a 16.91% year-on-year increase, and continued growth through 2022, reaching 110.43 million USD.
Over the last two years, the market showed positive variations with a 16.91% increase in 2021 and a 7.43% increase in 2022. The Compound Annual Growth Rate (CAGR) over the past five years, from 2018 to 2022, was approximately 2.42%.
Future trends to watch for include technological advancements in medical dressings, increasing healthcare expenditure, and potential market expansion as the aging population grows. Monitoring the impacts of any new healthcare policies or economic factors that could influence market stability will be essential.
How does South Africa rank in Medical Dressings with Adhesive Layer Market Size Value?
| # | 48 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 5,610,200,000 | 2023 | +1.95% | +2.19% | View data |
| 2 | 2 China | 2,533,000,000 | 2023 | +4.65% | +6.76% | View data |
| 3 | 3 Japan | 1,430,600,000 | 2023 | +2.97% | +4.7% | View data |
| 4 | 4 United Kingdom | 1,370,300,000 | 2023 | +1.36% | -1.19% | View data |
| 5 | 5 Germany | 1,238,600,000 | 2023 | -1.03% | -1.44% | View data |
| 18 | 18 Poland | 151,580,000 | 2023 | +2.4% | +4.15% | View data |
| 19 | 19 Colombia | 122,030,000 | 2023 | +4.03% | +5.56% | View data |
| 20 | 20 South Africa | 112,610,000 | 2023 | +1.98% | +2.26% | |
| 21 | 21 Chile | 85,295,000 | 2023 | +3.73% | +3.21% | View data |
| 22 | 22 New Zealand | 73,581,000 | 2023 | +2.8% | +2.33% | View data |
