Overview

Medical Protective Equipment Market is expected to grow at CAGR of over 5.6% during the forecast period 2022 to 2028.

Increasing prevalence of pandemics, growing acceptance of innovative and cost-effective surgical procedures and the increased demand for personal protective equipment owing to the COVID-19 pandemic are some of the factors contributing to the medical protective equipment market growth. Medical protective equipment has been used mandatorily in the life sciences industry. The Occupational Safety and Health Administration have initiated the publishing of standards to ensure continuous improvement of safety and health at workplaces. Others like Association for Professionals in Infection Control and Epidemiology, Association for Advancement of Medical Instrumentation are providing widely adopted classification systems of using protective apparel depending on the surroundings.
The soaring demand for personal protective equipment with the ongoing COVID-19 pandemic has significantly propelled the market growth. Bodies like World Health Organization has declared SARS COV-2 as a potential threat to the global health owing to its high rate of mortality. This has increased the demand for PPE kits and ventilators, especially from hospitals, to prevent the spread of the virus in the hospital staff and non-COVID patients. Furthermore, as pe the John Hopkins University, there were over 800,000 confirmed COVID-19 cases as of 31st March 2020 and this has spread over more than 180 countries. Although there is no treatment or vaccine available for this yet, medical equipment like PPE kits are used as a precautionary measure for avoiding the further viral spread.

Market Segmentation:

By Product
•   Surgical Masks
•   N95 Respirators
•   PPE
•   Gloves
•   Face Shields
•   Others
By Usability
•   Disposable
•   Reusable
By End User
•   Hospitals and Clinics
•   Ambulatory Surgical Centers
•   Diagnostic Laboratories
•   Others
By Region
•   North America
•   Europe
•   Asia-Pacific
•   Latin America
•   Middle East and Africa

The market is fragmented into product, usability, end user and region. The product segment is categorised into surgical masks, N95 respirators, PPE, gloves, gowns, face shield and others. The PPE kits and the N95 respirators segments are predicted to account for the largest medical protective equipment market share owing to the COVID-19 pandemic across the world and increased awareness regarding the usage of these equipment in healthcare settings with organizations like OSHA has initiated such awareness programs. Such initiatives by market players in collaboration with agencies in improving safety standards shall augment the market growth. Furthermore, glove manufacturers are focusing on investing in greener technologies by using renewable resources like wind power and solar power. Moreover, wearing masks in public places has been normalised which has increased the production of N95, N97 masks resulting in the proliferation of the market. The usability segment is divided into disposable and reusable equipment. The end user segment us categorised into clinics and hospitals, ambulatory surgical centres, diagnostic laboratories and others. The hospital segment is predicted to lead the market during the forecast period owing to the rising number of COVID-19 patients worldwide which has increased the demand for medical protective equipment for healthcare workers and patients to contain the spread of the virus.

Regional Analysis:

The North America region is predicted to dominate the market owing to better regulations over medical protective devices and increased awareness amongst the general population pertaining to the usage of such equipment. Many key players from the region have collaborated with major hospitals and clinics to serve their urgent requirements efficiently. Asia pacific region, on the other hand is anticipated to grow at a substantial rate owing to major market players expanding their business operations in these countries along with increased approval for manufacturing novel drugs.

Competitive Landscape:

Some of the major market players are 3M Company, Ansell Limited, Cardinal Health Inc., DuPont de Nemours Inc., Hartalega Holdings Berhad, Honeywell International Inc., Kimberly-Clark Corporation., Top Glove Corporation Bhd.

FutureWise Key Takeaways:

• Growth prospects
• SWOT analysis
• Key market trends
• Key data-points affecting market growth

Objectives of the Study:

• To provide with an exhaustive analysis on the global medical protective equipment market by product, by usability, by end user and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record, evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers and expansions

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