Market Definition
Personal Protective Equipment (PPE) for Healthcare are clothing materials manufactured to provide protection to the healthcare professionals & avoid transmission of infections or diseases during medical procedures. PPE includes masks, gloves, full-body suits, helmets, & protection shields, among others. When properly used, PPE acts as a barrier between materials like viral & bacterial contaminants and skin, mouth, nose, eyes, etc.
Market Insights
The Global Healthcare Personal Protective Equipment (PPE) Market is projected to grow at a CAGR of around 7.8% during the forecast period, i.e., 2022-27. The market is driven primarily by the Covid-19 pandemic in 2020, increasing awareness about the need for PPE for healthcare workers to avoid the spread of infections & diseases, and rapid technological advancements in the healthcare sector.
Rapid innovations like lightweight & comfortable equipment using premium quality fibers & fabric shall further drive the global market during 2022-27. Besides, the demand for PPE comprising safety, aesthetics, and manufacturing using premium products, coupled with the emergence of several PPE manufacturers based on consumer requirements, are other crucial aspects likely to augment the global market growth during 2022-27.
Report Coverage | Details |
---|---|
Study Period | Historical Data: 2017-20 |
Base Year: 2021 | |
Forecast Period: 2022-27 | |
CAGR (2022-2027) | 7.8% |
Regions Covered | North America: USA, Canada, Mexico |
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe | |
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific | |
South America: Brazil, Argentina, Chile, Peru, Rest of South America | |
Middle East & Africa: South Africa, Iran, Turkey, UAE, Saudi Arabia, Rest of Middle East & Africa | |
Key Companies Profiled | 3M, Honeywell International Inc., Ansell, Sterimed, Medisca Inc., DePuy Synthes, Inc., Plasti Surge Industries Pvt., Alpha Pro Tech, Cardinal Health, Kimberly-Clark Worldwide, Inc., etc. |
Unit Denominations | USD Million/Billion |
Key Trends in the Market
With the surging focus on sustainable practices to address several environmental concerns like carbon emissions, pollution, waste management, etc., numerous PPE manufacturers are seeking different methods to produce eco-friendly, safer, & cleaner PPE. In fact, many companies are introducing biodegradable nitrile gloves to encourage green developments.
Impact of Covid-19 on the Global Healthcare Personal Protective Equipment (PPE) Market
The Covid-19 pandemic in 2020 had a decelerating effect on most industries globally. The Healthcare Personal Protection Equipment (PPE) Market observed a few challenges when governments of different countries worldwide imposed stringent movement restrictions & frequent lockdowns, which resulted in the shutdown of most PPE manufacturing units. But the market witnessed an overall positive impact. Besides, the entire supply chain got hampered, which disrupted the distribution of PPE & brought immense pressure on the healthcare sector across different regions.
However, due to the criticality of the pandemic, governments of different countries worldwide started allowing the manufacturing of PPE kits by categorizing them under essentials. Besides, with the gradual improvement in the pandemic situation by a declining number of Covid-19 cases, limitations were uplifted, resulting in a swiftly improving transportation & logistics sector.
Moreover, with the prevalence of the Covid-19 pandemic, the demand for Personal Protection Equipment is anticipated to remain spiking during the forecast years. Several leading players are likely to witness a plethora of growth opportunities in the coming years.