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.
Government bodies, Non-profit organizations as well as private bodies are contributing to support increase in availability of personal protective equipment, as Coronavirus (COVID-19) pandemic crossed 2 million cases globally (as of 3rd week of April). In line with this, World Health Organization issued interim guidance for use of Healthcare Personal Protective Equipment during COVID-19, and raised concerns about disruptions in the global supply chain of PPE.
Healthcare Personal Protective Equipment (PPE) Market Overview:
The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness. Companies operating in the industry have invested heavily in clinical trials and research studies to develop medications to cater to the growing unmet clinical demand on a global level. Implementation of cutting-edge technology in healthcare sector and increasing investment in research and development have contributed significantly to revenue growth of the market in the recent past. In addition, availability of favorable health insurance and reimbursement policies have also positively impacted the healthcare sector with more and more individuals opting to get treatment at hospital and clinical facilities. Rapid development of novel drugs and pharmaceuticals, increasing incidence of lifestyle and chronic diseases, establishment of state-of-the-art healthcare facilities, and rising availability of over-the-counter medications have significantly contributed to the revenue growth of the market.
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 surge in demand of PPE for healthcare applications is attracting the investors towards PPE industry. For instance in March 2020, 3M announced increase in their investments, mostly in the U.S., to boost N95 masks production by 30% over the next 12 months. The Maplewood, Minn.–based manufacturing conglomerate makes 1.1 billion N95 respirator masks annually, 400 million of them in the U.S.
- Hospitals and clinics is expected to remain the largest end-use segment of healthcare PPE, during 2020-2027. The segment held more than 50% of market share as of 2019.
- Asia-Pacific region is expected to register highest CAGR of 4.5% during 2020-2027. Emerging market players in the region, technological advancements, rising focus of government towards healthcare facilities, and high target population in the region are among the key factors driving the market growth in the region.
- Established global companies as well as emerging players are focused on increasing their manufacturing capacity as well as geographic footprint, to enhance the sales customer base. In March 2020, Honeywell expanded its operations at its Smithfield, R.I. eye protection products plant, to enhance manufacturing capacity of N95 masks. Also, the company increased the employee strength to support the efforts of delivering masks to the U.S. Department of Health and Human Services for national stockpile.
Top Companies Profiled in the Report Include:
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.
Additionally, the report consists a detailed analysis of the segmentation of the PTA Balloon Cathetery tests Market based on product types and end-use/application offered in the PTA Balloon Cathetery tests Market –
Product Type Outlook (Revenue, USD Million; 2017–2027)
- Head, Eye Face Protection
- Hearing Protection
- Protective Clothing
- Heat flame protection
- Chemical defending
- Clean room clothing
- Mechanical protective clothing
- Limited general use
- Others
- Respiratory Protection
- Air-purifying respirator
- Supplied air respirators
- Protective Footwear
- Leather
- Rubber
- PVC
- Polyurethane
- Others
- Fall Protection
- Personal systems
- Engineered systems
- Hand Protection
- Disposable gloves
- Type
- General purpose
- Chemical handling
- Sterile gloves
- Surgical
- Material
- Natural rubber
- Nitrile gloves
- Neoprene
- Vinyl gloves
- 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
Key Regional Markets Studied in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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