iCrowdNewswire Jan 20, 2021 7:00 AM ET
According to Reports and Data, the global healthcare personal protective equipment (PPE) market was valued at USD 5,018.3 million in 2019 and is expected to reach USD 8,024.4 million by the year 2027, at a CAGR of 4.5%. Healthcare personal protective equipment is witnessing a surge in demand in the midst of COVID-19 pandemic for the safety of healthcare workers across the globe. Gloves, face protection masks or face shield, goggles and mask, gloves, gown or coverall, head cover, and PPE boots are among some of the personal protective equipment with soaring global demand. The key factor which is expected to drive the market for the personal protective equipment includes stringent regulatory framework, increasing awareness about the importance of healthcare safety, increasing focus on safety preparedness at healthcare facilities, and accelerating rate of cases of COVID-19 infection.
The latest report is one of the most sought-after market research documents covering the grave impact of the COVID-19 outbreak current situation on the Healthcare Personal Protective Equipment (PPE) market. The market intelligence report closely investigates the severe disruptions to this business sphere brought about by the pandemic. The coronavirus outbreak has significantly affected the Healthcare Personal Protective Equipment (PPE) business landscape, posing threats to the developmental scope of the key manufacturers and buyers involved in this sector. The report further provides expert speculations about the post-COVID-19 scenario of the market.
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The rise in demand for automobiles is expected to drive the market in the coming years. A significant challenge in the market’s growth is affected by the unstable price of the raw materials. Market demand is expected to be restrained by the rising demand for plastic-free products. Rising applications of Healthcare Personal Protective Equipment (PPE) in the coatings and paints are driving the market. The increasing usage of bio-based Healthcare Personal Protective Equipment (PPE) will also supplement Healthcare Personal Protective Equipment (PPE) market revenue share through 2027
Further key findings from the report suggest
During 2020-Mid 2021, a short run spike is expected in the demand of PPE across the globe, where the market for healthcare applications is expected to grow at a rate of 17.2%.
Amidst the outbreak of COVID-19, World Health Organization is working with governments, industry, and the Pandemic Supply Chain Network to boost production and secure allocations for critically affected and at-risk countries. According to the World Health Organization (WHO) modeling, an estimated 89 million medical masks per month are required in COVID-19 response. For examination gloves, the figure is up to 76 million, while global demand for goggles stands at 1.6 million per month.
Regulatory bodies are introducing relaxed norms to facilitate import of personal protective equipment. For instance, in March 2020, the FDA started various measures to increase U.S. supplies of personal protective equipment in response to COVID-19. The measures include adjustments in import screening, flexibility to manufacturers, and creation of special mailbox service, among other provisions.
As of 2019, Head, Eye & Face Protection product segment is expected to dominate the global healthcare personal protective equipment and is expected to rise at a CAGR of 4.0% during 2020-2027. High risk of COVID-19 and other infections through nose, eyes and ears is among primary reason driving the growth for this segment.
The global Healthcare Personal Protective Equipment (PPE) market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies’ current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.
The leading companies operating across the global Healthcare Personal Protective Equipment (PPE) market are listed below:
3M Co., MSA Safety Inc., Ansell Limited, Honeywell International Inc., E I DuPont de Nemours and Co., Kimberly-Clark Corporation, Lakeland Industries, Inc., Alpha Pro Tech, Ltd., Sioen Industries NV, and Radians, Inc.
Product Type Outlook (Revenue, USD Million; 2017–2027)
Head, Eye & Face Protection, Hearing Protection, Protective Clothing, Respiratory Protection, Protective Footwear, Fall Protection, Hand Protection, Durable gloves, Mechanical gloves, Chemical handling, Thermal/flame retardant, Others
End Use (Revenue, USD Million; 2017–2027)
Hospitals and Cinics, Ambulatory Surgical Centers, Academic and Research Institutes, Diagnostic Laboratories, Others
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Table Of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2016 – 2026
Chapter 3. Indicative Metrics
Chapter 4. Healthcare Personal Protective Equipment Segmentation & Impact Analysis
4.1. Healthcare Personal Protective Equipment Segmentation Analysis
4.2. Industrial Outlook
4.3. Market Indicators Analysis
Chapter 5. Healthcare Personal Protective Equipment Market, By Product Type Insights & Trends
Chapter 6. Healthcare Personal Protective Equipment Market, By End Use insights & Trends
Chapter 7. Healthcare Personal Protective Equipment Market Regional Outlook
Chapter 8. Competitive Landscape
8.1. Market Revenue Share by Manufacturers
8.2. Mergers & Acquisitions
8.3. Strategy Benchmarking
Chapter 9. Company Profiles
9.1. 3M Co.
9.2. MSA Safety Inc
9.3. Ansell Limited
9.4. Honeywell International Inc
9.5. E I DuPont de Nemours and Co.
9.6. Kimberly-Clark Corporation
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