Global medical protective equipment market will experience a major upturn in 2020 and onwards, amid the global COVID-19 pandemic, reaching a projected valuation of over US$ 41 Billion through 2030. The growing pandemic of community infections owing to emergence of new pathogens is expected to increase the demand of medical protective equipment’s in the global market. This rising number of community and hospital acquired infections will drive market growth in the near future, says a new Future Market Insights (FMI) report.
Key manufacturers operating in the market offer a wide range of products such as medical masks, gloves, protective clothing, gowns and other products. Owing to non-availability of treatment for new pathogen infections and significant lag phase between the emergence of new pathogen and development of effective treatment, there has been an increasing demand for medical protective equipment, creating an absolute opportunity for growth of the medical protective market.
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Covid-19 Pandemic Crisis Fosters Demand
Sudden virus pandemic situation has created huge gap between supply and demand of medical protective equipment’s. Recently in December 2019, Covid-19 pandemic has been emerged across the global geographies. This highly-transmissible respiratory disease has significantly rise the unmet demand of medical masks, gloves and other protective equipments.
For instance, according to WHO study, WHO has advised personal protective equipment industry and governments to increase manufacturing by 40% to meet rising global demand of personal protective equipment (PPE) amid global Covid-19 outbreak.
Key Takeaways of Medical Protective Equipment Market Study
- Medical gloves segment is expected to contribute more than 40% of revenue share in the medical protective equipment market.
- Owing to use of gloves in prevention of primary infections and to perform surgical procedures by healthcare workers, medical gloves segment is the most dominated product type.
- Disposable medical protective equipment will gain more than 75% of market share in the medical protective equipment market throughout the forecast period.
- Hospitals and NGO’s/ government organization segments are expected to collectively gain more than 60% of market share in the medical protective equipment market during 2020-2030.
- Europe is the highest revenue generating market by region due to aging population and high rate of new pathogenic infections. North America is expected to offer lucrative opportunities owing to higher incidence of new infections and increasing volume of innovative surgical procedures.
- Gloves
- Protective Clothing
- Gowns
- N95 Respirators
- Surgical Masks
- Goggles
- Face Shields
- Head Cover
- Shoes Covers
Usage
- Disposable
- Non-disposable
End User
- Hospitals
- NGO’s/ Government Organization
- Ambulatory Surgical Centers
- Specialized Clinics
- Diagnostic and Research Laboratories
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Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East and Africa (MEA)
About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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