The Global healthcare PPE Market was valued at USD 12,948.2 Million in 2019 and is projected to reach USD 57,440.0 Million by 2027, expanding at a CAGR of 21.1% during the forecast period. In terms of volume the healthcare PPE market is anticipated to grow approximately by CAGR of 20.3% over the coming years. Personal protection equipment (PPE) has recently become a fairly common acronym in healthcare provider’s lexicons, even though it has been common in fire departments, emergency medical departments (EMS), and the military for quite some time. Fundamentally, PPE helps ensure that individuals are protected from physical hazards that they can experience in their work environment. The PPE can be used to protect workers from general environmental hazards (such as high temperatures and noise), particular workplace hazards (including dropping objects and falls from heights), or risks to emergency circumstances (such as infectious agents and hazardous chemical).
Rapidly rising numbers of COVID-19 cases worldwide have resulted in inadequate stocks of personal protective equipment for healthcare, in particular respirators and masks. Besides, the availability of protective garments and facial and eye protection used by healthcare workers is expected to deplete due to the increasing demand for healthcare PPE. Rapid technological developments in the field of surgery, such as high-reliability organization (HRO), scientific innovations, and standardization practices, are expected to fuel the market, significantly boosting the need for healthcare PPE. Conversely, the lack of adequate disposal methods for personal health security devices in different economies is projected to impede the market growth.
On the basis of end-use, the Global Healthcare PPE Market is segmented as hospitals and clinics, ambulatory surgical centers, academic and research institutes, diagnostic laboratories, and others. In terms of value the hospitals and clinic segment is anticipated to expand at a CAGR of 21.4% during the forecast period as a result of increasing number of hospitals & clinics to improve the treatment facilities for the population is projected to boost the market growth. In terms of value the ambulatory surgical centers segment is estimated to hold 25.0% share of the market in 2020 as ASCs can perform surgeries in several specialties. Moreover, ASCs can dedicate their services to one specialty, such as eye care or sports medicine. The academic and research institutes segment in terms of value is estimated to hold 11.4% share of the market in 2021 as research organization is a governmental entity, institution of higher learning, public policy or advocacy organization which conduct educational research that is qualified to perform educational research and protect the privacy of student data.
Based on distribution channel, the market is segmented into online and offline. The offline segment is projected to hold a major share of the market during the forecast period. Additionally, rapid development in the online distribution channel is projected to expand the demand for the healthcare PPE during the forecast period.
By Distribution Channels
Hospitals and clinics:
A hospital is a health care facility that provides patients with specialist medical and nursing services, and medical facilities. Hospitals are categorized as general, specialty, or government, depending on the income earned. A general hospital is a well-known type of hospital. It usually, has an emergency ward to cater to urgent health problems ranging from burns and accidents to sudden illnesses. A district hospital is a healthcare facility having multiple beds for intensive care and additional beds for patients in need of long-term care. Hospitals have a number of departments including surgery and emergency care and specialist facilities such as cardiology.
Academic and Research Institutes:
Academic institution is an educational institution dedicated to education and research, which grants academic degrees. Different academic and research institute uses PPE kit to avoid contamination during experiments. The Academic Research Centers (ARC) is a community of researchers and programs covering a variety of substantive domains. Research that is qualified to perform educational research and protect the privacy of student data.
In terms of regions, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America is a promising region for the market. In terms of value the region constituted significant share of the market in 2020 due to increasing political focus on the healthcare industry by promoting and investing in the manufacturing of medical devices and healthcare facilities. Additionally, in terms of value the market in the Middle East and Africa region is projected to expand at a CAGR of 21.6% during the forecast period.
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the report covers pricing analysis of products for year 2017 to 2027
According to this Growth Market Reports report, the market from Healthcare PPE is likely to register a CAGR of 21.1% during forecast period 2020-2027, with an anticipated valuation of US$ 57,440.0 million by the end of the 2027.
In addition to market size (in US$ Million), market volume (in Million Units), and Company Market Share (in % for base year 2019), other data such as Pricing analysis for year 2017 to 2027 (estimated pricing analysis) is provided, Distributors by Companies for Eastern Europe, Central & Eastern Asia and Middle East Africa (ECEA & MEA) region, End-users list by ECEA & MEA countries for Healthcare PPE Market is available in final report.
Surging number of COVID-19 cases, implementation of stringent government norms, rapid technological advancements in healthcare, rising number of patients are expected to drive the market growth during forecast period.
Hospitals and clinics, ambulatory surgical centers, academic and research institutes, diagnostic laboratories, and others are the key end-use that are driving the Healthcare PPE Market.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness growth of over 16.3% between 2019 and 2020 owing to the considerable impact of COVID-19 pandemic on the Healthcare PPE Market. The ongoing research of Healthcare PPE for COVID-19 string is expected to grow the production of Healthcare PPE product.
The base year considered for the global Healthcare PPE Market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Major Manufactures include, Honeywell International Inc., 3M, Medtronic, Baxter, Stryker, Top Glove Corporation Bhd, Dupont, ANSELL LTD, Medline Industries, Inc, Semperit AG Holding, Hartalega Holdings Berhad, B. Braun Melsungen AG, Boston Scientific Corporation, Kimberly-Clark Worldwide, Inc., Cantel Medical., Cardinal Health, Dentsply Sirona, Derekduck Industry Corp., Drägerwerk AG & Co. KGaA, Dynarex Corporation, Kossan Rubber Industries Bhd., Med-Con Pty Ltd, Medisca Inc., Owens & Minor, Inc., PRIMED Medical Products, Inc., Rubberex, SHIELD Scientific, Sterimed Group, Supermax Corporation Berhad, SYNERGY MEDICAL, INC., Zimmer Biomet, Alpha Pro Tech
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