The global Healthcare Personal Protective Equipment market size is expected to be worth around US$ 38.70 billion by 2027, according to a new report by Vision Research Reports.
The global Healthcare Personal Protective Equipment market size was valued at US$ 8.25 billion in 2019 and is anticipated to grow at a CAGR of 21.2% during forecast period 2020 to 2027.
Growth Factors
The outbreak of COVID-19, coupled with the possibility of a second wave of the pandemic across the globe, is expected to augment the demand for healthcare personal protective equipment (PPE).
Manufacturers have been investing in various R&D initiatives to create PPE with low external limitations and adhere to regulatory standards. Moreover, due to the shortage of PPE, manufacturers are increasingly using 3D printing technology to manufacture masks and other PPE for healthcare professionals during the COVID-19 pandemic.
Healthcare facilities follow the "just in time" approach to procure PPE kits due to efficiency and budgetary reasons. However, due to the unprecedented demand for PPE during the COVID-19 outbreak, this policy resulted in a drastic shortage of PPE kits for the healthcare workers, wherein few placed orders were supplied to respective facilities and others had to search for alternatives.
Report Highlights
The hand protection product segment led the market and accounted for 62.6% share of the global revenue in 2019. Both disposable and durable gloves are used in the healthcare industry. However, durable gloves are used to a lesser extent than disposable gloves to avoid the risk associated with contamination and transmission of body fluids. Disposable gloves are widely used in the healthcare industry as they are intended for single-use, which further lowers the risk of contamination.
The respiratory protection product segment is estimated to expand at the fastest CAGR of 49.7% from 2020 to 2027. Respiratory protective equipment such as respirator masks and surgical masks (often referred to as face masks) are used to protect the wearer from airborne particles and the liquid that contaminates the face.
The hospital end-use segment led the market and accounted for 55.6% share of the global revenue in 2019. The rising prevalence of chronic diseases has increased the number of re-admissions and hospital visits, thereby positively impacting the PPE demand in hospitals. Moreover, the growing geriatric population, most notably in developed countries, coupled with the rising prevalence of hospital-acquired infections, is likely to augment the demand for PPE in hospitals.
The outpatient/primary care facilities segment is expected to expand at a CAGR of 19.6% from 2020 to 2027. Primary care physicians deliver primary care services to a defined population of patients and act as the first contact with patients having undiagnosed symptoms and health conditions. Thus, PPE such as gloves and masks play a key role while dealing with patients having undiagnosed diseases to avoid cross-transmission and contamination.
Europe led the market and accounted for 35.7% share of the global revenue in 2019. Among the EU member states, Germany, Finland, Ireland, Sweden, and Luxemburg each reported that over 1% of their total inhabitants were nursing professionals, as of 2018, according to Eurostat statistics. The rising number of qualified nurses and midwives, associate nurses, and other care professionals is responsible for the increased demand for PPE in Europe.
Asia Pacific is expected to expand at the fastest CAGR of 23.2% from 2020 to 2027. The healthcare industry in Asia Pacific is likely to witness steady growth over the forecast period. Major factors contributing to the growth include growing healthcare infrastructure, coupled with an increasing number of people opting for home care facilities, and growing medical tourism in the region.
Key Players
3M
Honeywell International, Inc.
DuPont
Cardinal Health
Medline Industries, Inc.
Ansell Ltd.
O&M Halyard
Kimberly-Clark Corporation
Market Segmentation
Product Outlook
Protective Clothing
Coveralls
Gowns
Disposable Gowns
Durable Gowns
Others
Respiratory Protection
Surgical Masks
Respirator Masks
Others
Face Protection
Eye Protection
Hand protection
Disposable Gloves
Durable Gloves
Others
End-use Outlook
Hospitals
Home Healthcare
Outpatient/Primary Care Facilities
Others
Regional Outlook
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Russia
Spain
U.K.
Asia Pacific
China
India
Japan
South Korea
Indonesia
Australia
Thailand
Malaysia
Central & South America
Brazil
Argentina
Middle East
Saudi Arabia
United Arab Emirates (UAE)
Africa
South Africa
The Healthcare Personal Protective Equipment market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Healthcare Personal Protective Equipment market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Healthcare Personal Protective Equipment market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Healthcare Personal Protective Equipment market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Healthcare Personal Protective Equipment market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Healthcare Personal Protective Equipment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Healthcare Personal Protective Equipment by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Healthcare Personal Protective Equipment market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Healthcare Personal Protective Equipment market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Healthcare Personal Protective Equipment market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Healthcare Personal Protective Equipment industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Healthcare Personal Protective Equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Healthcare Personal Protective Equipment market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Healthcare Personal Protective Equipment market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Healthcare Personal Protective Equipment market. These factors have benefited the growth of the global market for Healthcare Personal Protective Equipment. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Healthcare Personal Protective Equipment. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Healthcare Personal Protective Equipment are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers