Healthcare Personal Protective Equipment Market segmentation & Analysis, Industry Growth Forecast 2020–2027
The global Healthcare Personal
Protective Equipment (PPE) Market size for COVID-19 is projected to showcase remarkable
growth in the coming years on account of the widespread cases of the coronavirus
pandemic and the rising importance given to personal and surroundings safety.
PPE for healthcare includes products such as gloves, face masks, coveralls,
face shields, and others. They help us to protect the patient and medical
professionals from getting infected. A recent report by Fortune Business
Insights, titled, “Healthcare Personal
Protective Equipment (PPE) Market for COVID-19, Market Size,
Share & Industry Analysis, By Product (Eye & Face Protection {Safety
Spectacles, Safety Goggles, Face Mask and Face Shield}, Protective Clothing
{Isolation Gowns, Coveralls, and Others}, Hand Protection/Safety Gloves, and
Respiratory Protection/N95 Respirators) By Application (Hospitals, Clinics, and
Others), and Regional Forecast, 2020-2027,”states that.
The Healthcare
Personal Protective Equipment (PPE) Market size was USD 4.66 billion in 2019 and is expected to reach USD 25.66 billion by the end of 2027.
The forecast period is set between 2020 and 2027, and the market will exhibit a
CAGR of 11.8%.
The significant impact of COVID-19 is devastating.
Most countries are adopting lockdown as a temporary remedy to fight this
pandemic while the others are investing massively on the research and
development of a vaccine for the same. Most businesses are at a temporary halt
or are operating amidst the four walls of their homes, trying to generate
meagre revenues. We soon hope to overcome this pandemic and get our healthy
lives back. Fortune Business Insights is offering special reports based on the
impact of coronavirus on various markets. These reports will help investors
accordingly strategize their plans to generate significant revenues in the
coming years.
What
are the Objectives of the Report?
The report is based on qualitative and
quantitative analysis of the market and its prime growth trajectories. This
includes the growth drivers, restraints, upcoming opportunities, and
obstructions. The report also highlights the critical segments of the market
and lists out the names of the leading segment with estimated market figures
and attributed factors. Furthermore, it provides the names of the leading
players and the significant strategies adopted by them to gain dominance in the
market. For more information on the report, refer to the company website.
Drivers
& Restraints-
Current
Outbreak of COVID-19 Pandemic to Propel Growth
The healthcare
industry is facing a significant boom on account of the increasing cases of
coronavirus. The impact of the COVID-19 pandemic is propelling the use of
sanitized products such as gloves, masks, goggles, face shield, and others.
Thisstands as asignificant factor promoting the global personal protective
equipment market growth. Additionally, the advent of artificial intelligence
and cut-edge technologies in the healthcare sector is also adding impetus to
the market. Furthermore, the increasing importance of personal hygiene and
safety will aid in the expansion of the market in the coming years.
On
the negative side, the side effects such as skin rashes, nose bridges, and
others as a result of long term use of PPE products such as N95 mask, gloves,
and goggles, may challenge the growth of the market. Nevertheless, the
increasing efforts by various players and the governments’ support to find out the
antidote of coronavirus are likely to create better growth opportunities for
the market in the forecast period.
Browse
Summary:
https://www.fortunebusinessinsights.com/healthcare-personal-protective-equipment-ppe-market-103309
Segment:
Protective
Clothing Segment Held Dominance Accountable to its Increasing Demand
Based on segmentation byproduct, the protective
clothing segment earned 37.1% PPE market share in 2019 and emerged dominant.
This is attributable to the fact that the coveralls help to protect the entire
body, including the most exposed parts such as feet, lower legs, back and head.
Additionally, the Food and Drug Administration also approved the classification
of several protective clothing into three sections, namely, non-surgical gowns,
surgical gowns, and surgical isolation gowns.
Regional
Analysis-
North
America Emerged Dominant Attributed to Stringent Rules Imposed on Mandatory Use
of Safety Equipment
Region-wise, North America earned a
revenue of USD1.71 billion in the year 2019 and received the highest personal
protective equipment (COVID-19) in healthcare market share. The growth of this
region is owing to the mandatory use of PPE products that have been strictly
imposed by the U.S. and Canada governments. As of June 02, 2020, an estimated
1,859,597 coronavirus cases were confirmed in the U.S. alone. The COVID-19
pandemic has propelled the need for respirators and masks, thereby boosting the
regional market growth.
On the other side, the market in Asia
Pacific will register the fastest CAGR during the forecast period on account of
the increasing number of coronavirus cases in nations, namely, China, Japan,
India, South Korea, and others. Additionally, China is the leading producer of
PPEs, such as coveralls, masks, gloves, and others.
Competitive
Landscape-
Players
Focusing on Strategic Alliances to Gain Competitive Edge in Market
Most of the players of the global PPE market
are engaging in strategic collaborations to maintain their mark in the
competition. Currently, players such as Alpha ProTech, Honeywell, 3M, Du Pont,
and Ansell are the dominant players with 55% share. This is owing to the
geographical presence of these companies andtheir diverse portfolios.
Request
a sample PDF (Includes COVID-19 Impact Analysis):
Major
Industry Developments of the Market
for Personal Protective Equipment (COVID-19) in Healthcare include:
March
2020 – Honeywell declared the expansion of the production of the N95 face
mask by adding new manufacturing units called the Honeywell Aerospace site.
This new site will manufacture 20 million masks on a monthly basis to fight
against the coronavirus.
May
2020 – A new store for selling products related to coronavirus safety
called the “COVID-19 Supplies Store” was opened by Amazon on the e-commerce
platform in India. This will help the institutional buyers such as nursing
homes, hospitals, government agencies, NGOs, and others to purchase a bulk
amount of COVID-19 protection products with GST invoices.
Some
of the Key Players of the Personal Protective Equipment (COVID-19) in
HealthcareMarket include:
·
ANSELL LTD. (Australia)
·
Honeywell International Inc. (U.S.)
·
Alpha ProTech (U.S.)
·
3M (U.S.)
·
DACH
Schutzbekleidung GmbH & Co. KG (Germany)
·
Supermax
Corporation Berhad (Malaysia)
·
Semperit AG
Holding (Austria)
·
Lakeland, Inc
(U.S.)
·
Cofra S.r.l
(U.S.)
·
Uvex Group
(Germany)
·
Mallcom
(India) Limited (India)
·
Bullard (U.S.)
·
Udyogi
Plastics Pvt. Ltd. (India)
·
Winner Medical
Group Inc. (China)
·
IREMA Ireland
(Ireland)
·
Japan Vilene
Company, Ltd. (Japan)
·
Suzhou Sanical
Protective Product Manufacturing Co., Ltd (China)
·
JIANGSU TEYIN
IMP. & EXP. CO., LTD (China)
·
Medline
Industries, Inc. (U.S.)
·
Cardinal
Health (U.S.)
·
YTY Group
(Malaysia)
·
Medicom
(Canada)
·
HL Rubber
Industries Sdn Bhd (HLRI) (Malaysia)
·
Kossan Rubber
Industries Bhd (Malaysia)
·
JIANGSU JAYSUN
GLOVE CO., LTD (China)
·
Bluesail Group
Co Ltd (China)
·
JIANGSU
CUREGUARD GLOVE CO., LTD (China)
·
Dasheng Health
Products Manufacturing (China)
·
Zhanjiang
Jiali Gloves Products Co. Ltd (China)
·
Rubbercare
Protection Products Sdn Bhd (China)
·
Other players
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