The global healthcare PPE market is poised to expand at a rapid pace over the next five years, driven by an increase in demand for safety clothing. The global market is segmented by product, end user, and region. This article examines the key drivers and restraints of the industry. It also highlights future growth opportunities and challenges. To obtain detailed market information, download this free report today. You can also customize this report to get detailed information about the key factors driving the market.
Product segments
In 2019, hospitals accounted for almost two-fifth of the healthcare PPE market and are projected to retain this leadership position throughout the forecast period, growing at an average CAGR of 13.1% from 2020 to 2027. The rise in COVID-19 infections in hospitals has been directly linked to the rise in PPE demand. The global market for healthcare PPE has also been driven by increased government and private investment. The following table provides an overview of the key product segments in the healthcare PPE industry.
Protective clothing accounted for the largest market share in 2019, followed by respiratory protection PPE and other products. In 2019, the global market for respiratory protection PPE is expected to grow at the highest CAGR, with a CAGR of 14% over the forecast period. This sector is primarily driven by the demand for protective clothing, as respiratory protection is a significant health concern among healthcare professionals and the public. The North American region has been the most competitive region for healthcare PPE, driven by stringent regulations regarding the proper use of respiratory and body protection equipment.
The healthcare PPE industry is divided into various product segments based on its function. The first segment consists of hand protection and will represent nearly 30 percent of the total PPE market in the US in 2019. Protective clothing and footwear are the second and third largest segments, followed by respiratory and eye protection. Hearing protection represents twenty percent of the overall market. These product segments will continue to grow through 2024, with healthcare spending projected to increase significantly in the coming years.
Among the end-users, hospitals and ambulatory surgical centers accounted for the largest share in the healthcare PPE market during the forecast period. As a result, government partnerships are expected to aid the growth of this industry in the coming years. In addition to hospitals and ambulatory surgical centers, other sectors are projected to grow at a rapid pace in the coming years, including construction and the automotive industries.
End user
The global healthcare PPE industry is segmented into four main categories: protective clothing, eye & face protection, gloves, and respiratory protective equipment. Each of these categories is further subdivided into subsegments, such as protective clothing. Gloves are further divided into types such as safety goggles and isolation gowns. Similarly, the protective clothing segment is further divided into types such as coveralls and hoods.
The end-user of healthcare PPE industry is comprised of two major types of healthcare settings. The first is the outpatient/primary care setting, which is projected to grow at a CAGR of 9.7% during the forecast period. Primary care physicians are the first point of contact for patients and examine a wide range of health conditions, including undiagnosed symptoms. In both of these settings, PPE is critical in preventing cross-contamination.
The healthcare PPE market is segmented into consumers and healthcare facilities. Healthcare facilities accounted for 44.8% of the total industry in 2020, and are expected to remain dominant for several years. The increasing awareness about healthcare-associated infections and the use of electronic health records are driving the market growth of healthcare PPE. The U.S. healthcare PPE market is projected to create more job opportunities for health-care workers, resulting in a higher level of demand for PPE.
In 2019, the hospital segment held the largest market share, accounting for nearly two-fifths of the global market. The healthcare PPE industry is projected to grow at a CAGR of 13.1% during the forecast period, due to an increase in demand for respiratory protection. In 2019, hospitals dominated the healthcare PPE industry, but they are projected to lead this segment by 2027. Further, a growing number of public and private players are investing in this industry, which will boost growth.
Region
The region is characterized by the increasing use of personal protective equipment (PPE) in the healthcare industry. The region has developed end-use industries and high product penetration in the healthcare sector. In the United States, strict regulations and heavy fines for non-compliance have motivated companies to adopt PPE. The growing awareness of workplace risks and regulations should propel the region’s market. Read on to find out more about the major trends driving the healthcare PPE industry.
The healthcare PPE market can be categorized into consumer, healthcare facilities, and other end-users. Hospitals accounted for the largest market share in 2017, thanks to rising coronavirus cases. There are three types of protective gloves used in hospitals. Healthcare workers are required to use protective gloves for certain tasks to prevent the spread of germs. To use these protective gloves effectively, healthcare workers should understand the rationale behind their usage. Furthermore, they should assess the level of risk associated with each task and wear the appropriate type of gloves.
Globally, North America dominated the healthcare PPE market in 2019. It is expected to grow at 12.0% CAGR during the forecast period. However, the region’s growth is projected to be higher in Asia-Pacific countries, mainly due to the low cost of primary healthcare services. The report also covers competitive landscape, which includes both existing and new entrants. And finally, the report provides detailed information on the competitive landscape in the healthcare PPE industry.
The US PPE market is categorized into multiple individual product segments. The largest four product segments in the US include protective gloves, protective clothing, protective footwear, and respiratory protection. The remaining 20 percent is made up of head coverings, hearing protection equipment, and protective clothing. Once these markets recover, the growth of healthcare PPE will continue. This article looks at some of the key trends that drive the healthcare PPE industry. Before diving into this industry, take note of these trends.
Forecasts
The global healthcare PPE market is divided into various segments according to product, end user, and region. The protective clothing segment consists of coveralls and respirator masks. The hand protection segment consists of durable gloves and other protective clothing. End users are divided into hospitals, outpatient/primary care facilities, and home healthcare. Each of these segments is further segmented according to geography. These segments are expected to witness significant growth over the coming years.
The global healthcare PPE market is highly consolidated with key players such as 3M Company, Ansell Limited, Cardinal Health Inc., and Dynarex Corporation. Several contracts have been awarded to 3M to expand the production of N95 respirators. In addition to this, the healthcare PPE industry also faces increasing competition due to a lack of a standardized regulatory framework. In addition, healthcare organizations and hospitals are increasingly adopting new technologies to protect their workforce from infectious diseases.
Global growth of the healthcare PPE market is expected to be driven by factors such as increasing population, increasing preference for value-based healthcare services, and easy availability of health insurance benefits. Most countries in Europe and Asia require their citizens to purchase health insurance. The insurance companies offer more comprehensive services at lower premiums, thus attracting young people with higher incomes. Moreover, people with health insurance are more likely to visit hospitals than those without insurance.
The Asia Pacific region will exhibit significant growth in the next few years. China led the region with the highest share in 2016, thanks to an outbreak of the COVID virus. In addition to improving hygiene and safety standards, China is also expected to witness steady growth in this region. Its major competitors in the healthcare PPE industry include Foxconn, the company that produces Apple iPhones. These companies are a major force in the healthcare industry.
Trends
According to the research firm, MarketsandMarkets, the global healthcare PPE market will witness growth during the forecast period, owing to increasing demand for safety equipment in hospitals and clinics. This industry is fueled by several factors, including increasing health awareness and stringent government regulations. In addition to these factors, the construction of new healthcare facilities across the globe is also expected to propel the growth of this market.
Here are the key trends affecting the global healthcare PPE market during the forecast period:
During the forecast period, the healthcare PPE market will witness the highest CAGR, with the outpatient/primary care segment accounting for over a third of the overall market. This segment is expected to experience significant growth over the next few years, owing to rising awareness about health-related infections and the growing geriatric population. Also, the Covid-19 pandemic has increased the risk of infection among healthcare workers, leading to a shortage of important medical supplies in hospitals.
Moreover, a rising number of cases of COVID-19 in hospitals and an increase in surgical procedures is projected to drive the demand for PPE globally. Moreover, a significant gap between the supply and demand is expected to provide ample opportunities for manufacturers in the coming years. A significant amount of emergency funds have been allocated to the global healthcare PPE industry, thereby stimulating the demand for healthcare PPE. However, skin injuries from prolonged usage of PPE may hamper the growth of the industry.
Another key trend in the healthcare PPE industry is the shift in the focus from product sales to customer training. Today’s salespeople are now expected to provide specialized training for customers on topics such as hearing loss prevention and ear protection. Developing brand recognition and implementing an effective e-commerce strategy is another trend that is set to impact the industry. This shift in the sales strategy will benefit PPE vendors by forging stronger relationships with customers and selling superior safety performance.
According to Fortune Business Insights™ By end-users, the healthcare PPE industry is segregated into consumers, healthcare facilities, and others. Out of these, the healthcare facilities segment generated 44.8% in terms of the healthcare personal protective equipment Industry share in 2020. It is expected to remain at the forefront in the upcoming years because of the increasing demand for PPE to prevent the spread of germs in clinics and hospitals.
