According to a new report published by Allied Market Research, titled, “Healthcare Personal Protective Equipment Market by Product and End User: Opportunity Analysis and Industry Forecast, 2020–2027,” the global healthcare market was valued at $12.9 billion in 2019, and is projected to reach $33.4 billion by 2027, growing at a CAGR of 12.4% from 2020 to 2027.
Personal protective equipment (PPEs) are protective gears designed to safeguard the health of workers by minimizing the exposure to a biological agent. Basic components of a PPE are goggles, face-shield, mask, gloves, coverall/gowns (with or without aprons), head cover, and shoe cover. The healthcare PPE market is expected to witness rapid growth, owing to stringent government regulations concerning the safety of healthcare workers in the healthcare settings. The outbreak of COVID-19 globally has led to an unprecedented demand for the healthcare PPE. Furthermore, stringent regulations pertaining to the use of healthcare PPE by government health ministries, rise in expenditure on healthcare infrastructure, and increase in population are some of the factors that drive the growth of the global healthcare PPE market. As most of the PPEs are made of plastics, such as polypropylene, improper disposal of PPE is likely to be a challenge, especially due to the ongoing COVID-19 crisis. As a result, health ministries may propose restriction on the use of PPE by general public; thereby, hampering the growth of the global healthcare PPE market size. On the contrary, the development of bio-based PPE materials and enhancements in its functionality are anticipated to offer lucrative opportunities for the market growth.
The report segments the global healthcare PPE market on the basis of product, end user, and region. On the basis of product, the global healthcare PPE market is segmented into protective clothing, face protection, eye protection, respiratory protection, hand protection, and others. Protective clothing is further fragmented into coveralls, gowns, and others; respiratory protection segment is segmented into surgical masks, respirator masks, and others. On the basis of hand protection, the market is bifurcated into disposable gloves and durable gloves. The end users of healthcare PPE are hospital, home healthcare, outpatient/primary care facilities, and others. Region wise, the healthcare PPE market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings Of The Study
The Asia-Pacific healthcare PPE market is projected to grow at a highest CAGR of nearly 13.7%, in terms of revenue, during the forecast period.
By product, the respiratory protection segment is anticipated to witness the highest growth rate of 14.0%, in terms of revenue, during the forecast period.
By end user, outpatient/primary care facilities are anticipated to witness the growth rate of 12.1%, in terms of revenue, during the forecast period.
The key players in the global healthcare PPE market are Ansell Limited, Med-Con Pty Ltd., Cantel Medical Corporation, DuPont de Nemours Inc., 3M Company, Cardinal Health, Honeywell International Inc., Owens & Minor Inc., Medisca Pharmaceutique Inc., and Medline Industries Inc. These players have adopted business expansions, product launches, and acquisitions as a medium to expand their market presence.