March 23, 2021
According to the latest study titled ‘Global Medical Personal Protective Equipment (PPE) Market a?? Analysis By Product Type, By End User, By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global medical personal protective equipment (PPE) market was worth USD 4907.2 million in 2019 and is anticipated to record a strong CAGR during 2020-2025.
As per the report findings, rising prevalence of contagious diseases such as hepatitis and influenza, coupled with growing geriatric population are catalyzing global medical personal protective equipment (PPE) market growth.
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Moreover, the advent of the COVID-19 pandemic has encouraged industry players to incorporate advanced technologies to supply innovative & safer products in hospitals and healthcare units to curb the rapid spread of coronavirus. Swift measures incorporated by medical facilities and strict regulations by governments regarding the same are augmenting the market outlook.
Speaking of product terrain, global medical personal protective equipment market sphere is bifurcated into hand protection, respiratory protection, protective footwear, head, face & eye protection, and protective clothing, and others.
Among these, hand protection segment is expected to amass lucrative gains during the analysis timeframe, on account of escalating product demand amid the Covid-19 pandemic, availability of variants, and strategic collaborations among doctors and hospitals to cater to the patient needs.
Moving on to end-user landscape, hospitals contributed significantly to the worldwide medical personal protective equipment market valuation in 2019 and is predicted to generate modest revenues by the year 2025. Surging demand for PPEs from healthcare institutes and hospitals for treating coronavirus patients, favorable government initiatives, and growing focus of market players towards increasing their production capacity are propelling the expansion of the segment.
Elaborating on geographical reach, North America medical personal protective equipment industry is touted to experience considerable expansion over 2020-2025, owing to rising prevalence of coronavirus in the U.S., along with high concentration of prominent manufacturers focusing on expanding their product portfolios.
Cardinal Health Inc., Cantel Medical Corporation, 3M Company, Stryker Corporation, and Dentsply Sirona Inc. are the top manufacturers which define the competitive landscape of worldwide medical personal protective equipment market.