Medical Protective Equipment - Market Insight, Competitive Landscape and Market Forecast - 2027
Medical Protective Equipment Market By Product Type (Face Protection Hand Protection, Gowns And Others), By Usability Type (Diposable And Reusable), By End-User (Hospitals, Ambulatory Surgical Centers, Laboratories, And Others) and by geography is expected to grow at a healthy CAGR forecast till 2027 owing to increasing prevalence of epidemic & pandemic’s and the requirement of maintaining hygeine during surgical procedures
Global medical protective equipment market is estimated to grow at a CAGR of 11.34% during the forecast period from 2022 to 2027. The medical protective equipment market is witnessing a positive growth owing to the various factors such as increasing prevalence of epidemics and pandemics like Middle East Respiratory Syndrome (MERS), COVID-19, & flu among others, innovations in medical protective equipment, and the requirement of maintaining hygiene during surgical procedures thereby, all factors are collectively contributing in the growth of medical protective equipment market during the forecast period from 2022-2027
Medical Protective Equipment Market Dynamics:
One of the main drivers of the medical protective equipment market is increasing prevalence of pandemic such as COVID-19, according to World Health Organization (WHO) 11 May 2022, there have been 516,476,402 confirmed cases of COVID-19 all over the world including 6,258,023 deaths. As the COVID-19 cases started increasing in the start of 2020 the demand of medical protective equipment also increased around the globe, people were buying masks, shield, gloves and others equipment to protect themselves & their family members from the disease, as till the approval of vaccine protective equipment is the only method to stop the spread of virus and to prevent themselves from getting infected. WHO in year 2020, shipped approximately half a million Personal Protective Equipment (PPE) to 47 countries & 89 million medical masks were required each month globally. Pandemic boosted the demand and production of medical protective equipment, increasing the medical protective equipment overall market during the forecast period (2022-2027).
Moreover, another key factor is to avoid infection and contamination by maintaing proper hygiene which is also responsible for the growth of medical protective equipment market, equipments such as surgical gloves, gowns, medical cap acts as a protective barrier to prevent the transmission of infections between healthcare professional and patients during the treatment or diagnosis. Therefore, the requirement of protective eqipments are rising continuously which will drive the medical protective equipment overall market growth.
However, growing concern about disposal of medical protective equipment and lack of comfort while using the equipment can slow down the medical protective equipment market growth.
The ongoing COVID-19 pandemic has positively impacted the medical protective equipment market. Surge in COVID-19 cases across the globe generated the huge demand of medical protective equipment such as masks, gloves, face shields, respirators, medical caps, gowns & others to protect healthcare and frontline workers which are always on high risk of getting infected as well as general public also. Severe shortage of medical protective equipment was reported due to its high demand globally. However, with masses being vaccinated, people are still taking precautions by using these medical protective equipment & there are still chances of surge in pandemics cases such as COVID-19. Thus, medical protective equipment market is expected to further grow during the forecast period (2022-2027).
Medical Protective Equipment Market Segment Analysis:
Medical Protective Equipment Market by Product Type (Face Protection, Hand Protection, Gowns and Others), by Usability Type (Disposable and Reusable), by End-User (Hospitals, Ambulatory Surgical Centers, Laboratories, and Others) and By Geography (North America, Europe, Asia-Pacific, and Rest of the World)
In by product type segment of medical protective equipment market, face protection equipment such as respirators, surgical masks and face shields are expected to hold a significant share in the year 2021, they slow down the spread of any viral infection & transmission from one person to another, they are cost effective and can be reused. Therefore, these benefits associated with face protection equipment would increase the demand of face protective equipment which results in growth of overall medical protective equipment market.
In June 2021, KARAM Industries announced the launch of 3 Ply surgical face mask which is comfortable, affordable and provide ultimate protection against infections.
In August 2020, Excel3D Advanced Technologies announced the launch of N100 equivalent respirator ‘XD100’ mask which is reusable, affordable and has air filter with a efficiency of 99.97%.
Moreover, these new innovations in the face protective equipment surge the demand of equipment, thereby driving the growth of the overall medical protective equipment market during the forecast period from 2022-2027.
North America is expected to dominate the overall Medical Protective Equipment Market:
Among all the regions, North America is estimated to dominate the global medical protective equipment market in the year 2021 and is expected to do the same during the forecast period from 2022-2027. Factors such as increasing prevalence of pandemic such as COVID-19 and rising incidence rates of epidemic such as flu increases the demand of medical protective equipment in the North America market.
For instance, according to the data published WHO in 2022, 81, 178,013 confirmed COVID-19 cases and 990,599 deaths have been reported in the United States (US). Canada reports 3,794,896 confirmed COVID cases and 39,788 deaths. Mexico reports 5,745,652 confirmed COVID cases and 324,000 deaths. Therefore, to reduce the number of COVID-19 cases and deaths related to it, medical protective equipment such as masks, gloves, face shield, PPE kits are used which provide protection against the disease and prevent further transmission. Therefore, increase in the use of such equipment will drive the growth of medical protective equipment market in the region.
Further, according to CDC January 2022, data states that from 2010-2020 in the US, flu has resulted illness in 9-41 million people, 140,000-710,000 hospitalizations and 12,000-52,000 deaths were reported annually. It was Estimated that from 2019-2020, 35,000,000 cases were of illness, 16,000,000 people were going for medical visit and 380,000 were hospitalized. Therefore, illness & deaths from flu can be prevented by maintaining the hygiene, avoiding contact with sick people, covering mouth & nose by using protective equipment like face masks which will increase the growth of medical protective equipment.
Therefore, increasing prevalence of epidemics and pandemics like Middle East Respiratory Syndrome (MERS), COVID-19, & flu among others increases the demand of medical protective equipment in the region which in turn provide a conducive growth environment for North America medical protective equipment market.
Medical Protective Equipment Market Key Players:
Some of the key market players operating in the medical protective equipment market 3M, ANSELL LTD, DuPont, Honeywell International Inc, Shanghai Sunland Industrial Co Ltd, Medline Industries LP, Cardinal Health, Kimberly-Clark Worldwide Inc, Top Glove Corporation Bhd, Mölnlycke Health Care AB, Crosstex International Inc, Derekduck Industry Corp, International Enviroguard, Prestige Ameritech, ALPHAPROTECH ALL, Dukal LLC, Lakeland Inc, TIDI Products LLC, Medisca Inc, Med-Con among others.
Recent Developmental Activities in the Medical Protective Equipment:
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