Yes and No.
on Ps4, with limited hot keys(how it works, compared to PC on screen)You can really only afford 1 heal item, and try keep it sorted to top of inventory.
Potions basically replaced my food slot.
Wraps are mostly my out of combat heal. (I tend toss items on ground for clean up, so I pop wraps then)
Most of enemies are so magnet be on you happy, its impossible to use wraps in-combat with out standing on a rock and cheesing AI.
Animation could be just 1 arm wrap…with slow walk, I’d likely use them more. But AI is just on you non stop.
I have used them to heal thru sand storm thou. Just to cut back on potion use. XD