Global Healthcare PPE Market Expected to Reach US$ 57,440.0 Million by 2027

According to a recent market study published by Growth Market Reports (GMR), titled, “Global Healthcare PPE Market by product, end-use, distribution channel and Region: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at US$ 12,948.2 Million in 2019 and is expected to grow at a healthy growth rate of 21.1 % by the year 2027. The healthcare PPE market volume is anticipated to grow at a considerable CAGR of around 20.3% by the year 2027. Specialized clothing or appliances worn by an employee for the protection against infectious materials is personal protective equipment, or PPE, as specified by the Occupational Safety and Health Administration (OSHA). OSHA issues occupational health and safety regulations. These regulations mandate the use of PPE to protect healthcare workers from exposure to Mycobacterium tuberculosis and blood-borne pathogens in healthcare settings. Conversely, any possible exposure to infectious diseases is needed under OSHA’s General Duty Clause PPE.

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The global healthcare PPE market is fragmented based on product, end-use, distribution channel and region. In terms of products, the market is segmented into protective clothing, respiratory protection, head eye & face protection, hand protection, protective footwear, hearing protection, others. Protective clothing is further divided into scrubs, gowns, labcoats, others. Respiratory protection is categorized as surgical masks, respirator masks, others. Hand protection segment is further divided into disposable gloves, durable gloves, others. On the basis of distribution channels, the market is segmented into online and offline. Online segment is categorized as company websites, E-commerce websites. Offline segment is further divided into supermarket/hypermarkets, specialty stores, pharmacy stores, and others. On the basis of end-use, the market is divided into hospitals and clinics, ambulatory surgical centers, academic and research institutes, diagnostic laboratories and others. Based on region, the global Healthcare PPE market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region is further bifurcated into countries such as US, and Canada. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, Asia Pacific is further segmented into, India, China, Australia, Japan, South Korea, South East Asia (SEA), Kyrgyzstan, Kazakhstan, Uzbekistan, Afghanistan, Pakistan, Mongolia, and Rest of Asia Pacific. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, Belarus, and Rest of Europe, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, Turkey, Algeria, Nigeria, Morocco, Tunisia, Mozambique, Angola, Kenya, Ethiopia, Iraq, Syria, Yemen, Oman, Libya, Egypt, and Rest of Middle East & Africa (MEA).

In the year 2020, the Healthcare PPE market is expected to witness considerable growth due to COVID 19 pandemic. Various medical research institute and vaccine manufacturing are trying to find the use healthcare PPE string for the development of COVID-19 vaccine. According, to an investigation by the World Health Organization (WHO), healthcare PPE can help protect against COVID-19. However, the market is anticipated to witness slight fluctuations in supply for Healthcare PPE due to closing of international trades.

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As per GMR industry analyst Akshata Ahire, “The global Healthcare PPE Market is anticipated to witness significant growth during forecast period 2020-2027 driven by surging number of covid-19 cases, implementation of stringent government norms, rapid technological advancements in healthcare. Also, rising number of patients are boosting the market. Since, several approaches are currently being developed for affordable health care plans offered by governments of various countries. Bio-based materials is expected to reduce environmental impact of current PPE, this factor proves as an opportunity for this market. Key players in the market are actively focusing on R&D activities to develop healthcare PPE products.”

Key Takeaways from the Study:

• 3M, Medtronic, and Baxter holds ~13.0% of market share of global Healthcare PPE market in the year 2019.
• North America accounts for a major share of the market, followed by Asia Pacific. The market in Asia Pacific is projected to expand at significant CAGR during the forecast period.
• In terms of value, the online segment is anticipated to expand at a significant CAGR during the forecast period as it is often defined as buying or selling services or goods over a public network without the physical media, which is done by uploading information to the internet for users to view and choose from. Online methods of delivery is open to a vast number of customers and is cost-effective for businesses, as a physical media is not required.
• The hand protection segment is anticipated to expand at a substantial CAGR during the forecast period due to rising COVID infection among patients.

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Report Scope:

Target Audience:

• Supply-side: Healthcare PPE manufacturers, raw material suppliers, primary respondents, and distributors.
• Demand Side: Hospitals and clinics, ambulatory surgical centers, academic and research institute, diagnostic laboratories, others etc.
• Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies
• Associations and Industry Bodies: Centers for Disease Control and Prevention (CDC), National Institute of Allergy and Infectious Diseases (NIAID), Food and Drug Administration (FDA), World Health Organization (WHO), Medicines and Healthcare Products Regulatory Agency (MHRA), Therapeutic Goods Administration (TGA), Central Drug Standard Control Organization (CDSCO), Ministry of Health, Labor and Welfare (MHLW), International Federation of Pharmaceutical Manufacturers & Association (IFPMA), World Trade Organization (WTO), Indian Medical Research Council (ICMR).

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