Market
Research Future (MRFR) collected data on several factors including implications
of covid-19 impact on microbiome sequencing services market and demographic
challenges, showed how it could move forward in the coming years.
Global Healthcare
Personal Protection Equipment Market is expected to cross USD 10.116 Billion by 2027 at
a CAGR of 9.17%.
Market
Synopsis
Personal Protective
Equipment (PPEs) are protective gear designed to safeguard the health of
workers by minimizing the exposure to a biological agent. It is one of the
necessary tools in preventing transmission of infectious diseases not only in
treatment centers but also in various activities, e.g. cleaning, waste
management and safe burials, and community care related to the outbreak.
Components of PPE are goggles, face-shield, mask, gloves, coverall/gowns (with
or without aprons), head cover, shoe cover, and others.
Impact of Covid-19 Outbreak on
Healthcare Personal Protection Equipment Market
Healthcare Personal Protection
Equipment (PPE) are protective gears that are designed to safeguard the workers
by minimizing the exposure to a biological agent. PPE helps healthcare workers
to fight against novel coronavirus (COVID-19). The World Health Organization
(WHO) has recommended several governments worldwide to increase the production
of masks, gloves, respirators, and coveralls/gowns. It also recommended that
PPE manufacturers must increase their production by 40% and prioritizing their
orders to countries with a high demand-supply gap.
Several countries, including India,
have considered importing PPE kits to meet its requirements from China,
Singapore, and South Korea. Although a tender was rolled out last week by the
government's nodal procurement agency HLL Lifecare, the government has chosen
not to wait for the bids to be released, rather than source it from other
countries. As of the 3rd week of April, the coronavirus (COVID-19) pandemic
crossed two million cases globally. The increasing demand for hand protection,
respiratory protection, and protective clothing in the healthcare industry to
ensure people’s safety during the ongoing COVID-19 pandemic is expected to
boost the demand for PPE. Furthermore, the increasing government
initiatives to facilitate the import of PPE is expected to drive the market
growth. For instance, in March 2020, in response to the COVID-19 outbreak, the
Food and Drug Administration (FDA) initiated numerous steps to improve the US
stocks of PPE. A few of its measures include adjustments in import screening,
flexibility to manufacturers, and creation of special mailbox service, among
other provisions.
We have
observed the massive impact of novel coronavirus on people’s lives over the
last five months. It has also impacted various industries across the globe,
eventually affecting the global economy. Some industries have experienced
negative growth, whereas some industries have experienced tremendous demand and
have generated massive revenues in this period. Covid 19 Impact on Healthcare Personal Protection Equipment market is the one of the
positive impact sector on global industry
Healthcare
Personal Protection Equipment Market Influencer
PPE helps
healthcare workers to fight against novel coronavirus (COVID-19). The World
Health Organization (WHO) has recommended the governments across the world to
increase the production of masks, gloves, respirators, and coveralls/gowns. It
also recommended that PPE manufacturers must increase their production by 40%
and prioritizing their orders to the countries with a high demand-supply gap.
Market Drivers
- As of the 3rd week
of April, coronavirus (COVID-19) pandemic crossed 2 million cases
globally. The increasing demand for hand protection, respiratory
protection, and protective clothing in the healthcare industry to ensure
the people’s safety during the ongoing COVID-19 pandemic is expected to
boost the demand for Personal Protective Equipment (PPE).
- Rapid technological
advancements in the field of surgery such as High-Reliability Organizing
(HRO), technical advancements, and standardizing procedures are expected
to have a positive impact on the hospital sector, thereby impacting the
demand for personal protective equipment positively.
- Increasing
government initiatives to facilitate the import of personal protective
equipment is expected to drive the market growth. For instance, in March
2020, in response to the COVID-19 outbreak, the Food and Drug
Administration (FDA) initiated numerous steps to improve US stocks of
personal protective equipment. The measures include adjustments in import
screening, flexibility to manufacturers, and creation of special mailbox
service, among other provisions.
- The emergence of
local PPE manufacturers, increasing end user demand, and the rising
production of cost-effective and integrated PPE is expected to boost the
market growth. For instance, in India, the Union Textiles Ministry and the
Health Ministry has said the government is augmenting the supplies of
personal protective equipment (PPEs), including body coveralls, N-95 masks
and 2-ply/3-ply surgical masks required for healthcare professionals
dealing with COVID-19 cases. Furthermore, more than 130 Australian
companies have responded to an urgent call to dramatically boost the
manufacturing of face masks, gowns, and gloves to deal with the COVID-19
crisis.
Market
Restraints
- The current global
stockpile of PPE is inadequate to handle the existing and expected cases
in different parts of the world, particularly for medical masks and
respirators. The supply of gowns and goggles is also expected to be
insufficient as the disease is spread. Surging global demand is not only
driven by the increasing number of COVID-19 cases but also by
misinformation, hoarding, and panic buying. The lockdown in a significant
portion of the world is hampering the manufacturing of PPE.
- The high cost of
raw materials (specialized clothing and other related products) is
hindering the demand for PPEs in economically weak countries.
Healthcare
Personal Protection Equipment Market Segmentation
By Product
- Protective Clothing:
The protective clothing is further segmented into coveralls, gowns, and
others. Coverall/gowns are designed to protect the torso of healthcare
providers from exposure to the virus.
- Respiratory
Protection: Respiratory protection is bifurcated into
surgical masks, respirator masks, and others. The healthcare professionals
are recommended to use surgical N95 respirators or medical respirators to
protect them from the direct exposure to the COVID-19 virus.
- Head, Eye, and Face
Protection: The largest segment. To prevent exposure of
the eye and face from the virus, goggles or a face shield should be
considered. High risk of COVID-19 and other infections through nose, eyes,
and ears is among the primary reason driving the growth for this segment.
The goggles must fit the contours of the user’s face and are compatible
with the respirator. The use of face shields/ goggles is an integral part
of standard and contact precautions for the people most at risk of
COVID-19 infection.
- Protective Footwear:
The use of protective footwear such as washable and disposable footwear is
essential to avoid self-contamination.
- Hand protection:
Hand protection is further sub-segmented into general-purpose, chemical
handling, sterile gloves, and surgical. The rising awareness about hygiene
and prevention from the transmission of pathogens in healthcare facilities
is increasing the demand for medical gloves.
- Others
By End Use
- Hospitals &
Clinics: The largest segment and expected to grow at
the highest CAGR during the forecast period. The rising awareness
regarding the hand protection during a viral outbreak is increasing the
demand for PPEs in hospitals.
- Ambulatory Surgical
Centers: The increasing number of patients
visiting surgical centers is facilitating the demand for PPEs in
ambulatory surgical centers.
- Academic and
Research Institutes: PPEs are very effective in minimizing
occupational injuries, accidents, and other hazards which otherwise result
in substantial manpower and financial losses. The use of basic PPE is a
must in research institutes as they protect from skin contact and
contamination.
- Diagnostic
Laboratories: The use of protective equipment is necessary
for diagnostic laboratories to protect healthcare workers from specific
hazards and hazardous materials.
- Others
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By Region
- Americas:
The largest regional market. The increasing government initiatives and
rising concerns in terms of health and safety of healthcare professionals
is boosting the demand for the same. Moreover, the rising prevalence of
COVID-19 infection is majorly contributing to the growth of this region.
- Europe:
The healthcare market in Northern European economies, such as Germany,
U.K., and Sweden, is expected to exhibit an increase in healthcare
expenditure, thereby leading to the growth in production as well as the
consumption of medical devices and products.
- Asia-Pacific:
The fastest-growing regional market. Emerging market players in the
region, technological advancements, rising focus of government towards
healthcare facilities, and high target population in the region are among
the key factors driving the market growth in the region.
- Middle East &
Africa: The high penetration of personal
protective equipment in developed healthcare industries of UAE, South
Africa is expected to drive the growth of the market in this region.
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