July 13, 2021
According to the recent research report 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 valued at USD 4907.2 million in 2019 and is expected to record an appreciable growth rate over 2020-2025.
Increasing cases of communicable diseases, rising pervasiveness of influenza, hepatitis, and booming elderly population susceptible to such diseases are promulgating global medical personal protective equipment (PPE) market growth.
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Moreover, with widespread of COVID-19, key players are constantly investing to integrate advanced technologies in order to provide latest, high-quality products to healthcare units and hospitals, which is enhancing the overall market outlook.
Based on product type, hand protection equipment segment is expected to witness notable profits through 2025, creditable to availability of various products, primarily made for healthcare workers, nurses, and doctors. Collaboration of manufacturers with hospitals and doctors to better understand the demand and fulfil it with increasing number of COVID-19 patients is anticipated to drive the segmental growth.
As per end user scope, hospitals segment, followed by ambulatory surgical centers segment, attained major portion of worldwide medical personal protective equipment (PPE) industry share in the recent past, owing to escalating demand for PPE from hospitals and other healthcare institutes engaged in treating coronavirus patients. In addition, firms are also focusing on increasing their manufacturing capacity to meet the orders. Government entities are also partnering with manufacturers to deliver medical PPE equipment to hospitals and healthcare institutions, which will aid segmental expansion.
Regionally, North America, followed by Europe and Asia Pacific, is projected to generate substantial revenues for the market by the year 2025, attributable to presence of several top manufacturers with focus on increasing their production capacity. Soaring number of coronavirus patients in the United States, as well as manufacturers' investments in expanding their product portfolio to offer various types of medical PPE to consumers are also swaying the regional market dynamics.
Top firms operating in global medical personal protective equipment (PPE) marketplace are Stryker Corporation, Dentsply Sirona Inc., 3M Company, Cardinal Health Inc., and Cantel Medical Corporation.