by According to Precedence Research, during the forecast period of 2020 to 2027, the global healthcare personal protective equipment market is estimated to develop at a compound annual growth rate (CAGR) of 8.12%. The global healthcare personal protective equipment market was valued at USD 5.02 billion in 2019, and it is predicted to exceed USD 25.55 billion by 2027. The study investigates several elements and their consequences on the growth of the healthcare personal protective equipment market.
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Growth Factor
Major influence projected to boost the growth of personal protective equipment market comprise rising responsiveness concerning employee safety and health, intensifying fatalities caused due to outburst of diseases led by deficiency of appropriate personal protective equipment. Government authorities worldwide are growing inclination and concerns towards safety and health of workforces. In order to decrease uncertainties and accidents in industries, government organizations of many nations have issued multiple safety guidelines. In precise, N95 masks are achieving exponential market revenue and attention as these masks are more operative than other face coverings used to avoid the contamination of the COVID19.
The proliferation of personal protective equipment in different hospitals is projected to observe substantial growth due to escalating occurrence of hospital-acquired contaminations and rising elderly populace across the world. Furthermore, the introduction of promising initiatives and improvements upholding the practice of personal protective equipment in government facilities is estimated to flourish growth of the healthcare personal protective equipment market throughout the prediction period.
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This report focuses on healthcare personal protective equipment market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall healthcare personal protective equipment market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Middle East & Africa, Latin America, etc.
The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Report Highlights
- The U.S. and Europe healthcare industry in is projected to propagate at a robust growth rate than the GDP which will increase sale for medical products exponentially.
- The perception of personal protective equipment in hospitals segment is projected to observe exponential growth due to increasing pervasiveness of hospital-acquired contaminations worldwide.
- Government authorities worldwide are growing inclination and concerns towards safety and health of workforces.
In-Depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of healthcare personal protective equipment, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of healthcare personal protective equipment has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the healthcare personal protective equipment market.
Some of the prominent players in the healthcare personal protective equipment market include:
- DentsplySirona, Inc.
- 3M
- Stryker Corporation
- DePuySynthes, Inc.
- Boston Scientific Corporation
- Ethicon, Inc.
- Derekduck Industry Corp.
- Baxter International Inc.BD
- Medtronic
- Zimmer Biomet Holdings, Inc.
Segments Covered in the Report
By Product
- Face Protection
- Eye Protection
- Protective clothing
- Gowns
- Others
- Hand protection
- Durable Gloves
- Disposable Gloves
- Respiratory Protection
- Surgical Masks
- Respirator Masks
- Others
By End-use
- Hospitals
- Primary Care Facilities
- Home Healthcare
- Others
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Regional Snapshots
North America has been prevalent regional market for different kinds of PPE on account ofwell-developed healthcare infrastructure and rigorous guidelines for the practice of appropriate PPE in healthcare environment. At present, augmented demand for PPE comprising protective face and eye protection, clothing, masksis directly associated to the COVID-19 pandemic. Escalating investment from private and public participants in the creation of PPE kits to cater the growing requirement is flourishing the market growth.
Asia Pacific is anticipated to advance substantially in the global market on account of progresses and growth in the smart hospitals, home care, and medical tourism among others. Outbreak of coronavirus in this region has also exponentially heightened the importance and demand of PPE in the healthcare setting. Before hand the epidemic, China manufactured nearly half the world’s face masks. As the contamination amplified throughout China, their exports came to a stop, which has affected the global supply chain. The scarcities have led to appeals from distinct U.S. health care workers struggling to secure sufficient supplies of PPE.
Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- What value propositions should businesses aim at while making new research and development funding?
- Which regulations will be most helpful for stakeholders to boost their supply chain network?
- Which regions might see the demand maturing in certain segments in near future?
- What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
- Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
- Which government regulations might challenge the status of key regional markets?
- How will the emerging political and economic scenario affect opportunities in key growth areas?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
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