The global Healthcare Personal Protective Equipment (PPE) Market 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. States that the 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%.
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. This stands as a significant 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.
Protective Clothing Segment Held Dominance Accountable to its Increasing Demand
Based on segmentation by product, 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.
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Some of the Key Players of the Personal Protective Equipment (COVID-19) in Healthcare Market 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)
- Other players
North America Emerged Dominant Attributed to Stringent Rules Imposed on Mandatory Use of Safety Equipment
Region-wise, North America earned a revenue of USD 1.71 billion in the year 2019 and received the highest personal protective equipment (COVID-19) in healthcare market share.