Healthcare Personal Protective Equipment Market Report

Healthcare Personal Protective Equipment Market Analysis, Market Size, Product Analysis, Application Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2020 To 2027

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  • Report ID: GVR7137
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The global healthcare personal protective equipment market is projected to grow at a significant rate over the forecast period owing to the rising demand for protective clothing, respiratory and hand protective gears in the medical industry to ensure employees safety and wellbeing. High demand for disposable gloves from the hospitals and nursing homes owing to increasing awareness about personal as well as patient safety is projected to boost the healthcare PPE market growth over the forecast period.

Protective equipment for healthcare workers is crucial to fight against the novel coronavirus (COVID-19), as a result World Health Organization (WHO) has urged government and businesses to act swiftly to boost the production of masks, respirators, and gloves. In order to meet the global demand, WHO estimates that the companies must increase their production by 40%. A wide range of PPE manufacturers are operating as close to 100% capacity and prioritizing the orders to the countries with high demand-supply gap.

Increasing awareness related to benefits of hand hygiene to avoid the contaminations with blood and other body fluid, as well as transmission of pathogens in healthcare facilities, is expected to drive demand for disposable gloves over the forecast period. However, the production is constrained by the shortage of labor which is a key factor impacting the market in the recent period. To balance the increased capacity with workforce shortage, the rubber gloves industry will require an additional of 25,000 workers which is a challenge in the short term.

Healthcare industry in the U.S. and Europe is expected to grow at a faster rate as compared to the GDP owing to which the demand for medical products is expected to witness exponential growth over the projected period. The growing health concerns owing to the unhealthy lifestyles are expected to drive the demand for healthcare services. In addition, the need for advanced medical infrastructure is also expected to drive the demand for medical products and devices over the forecast period.

The adoption of new practices in medical and healthcare industries and the development of advanced medical care products and devices are expected to have a positive impact on the use of medical services across the globe. In addition, the increasing disposable income in the developing economies is expected to enable them to avail advanced healthcare services and use improved products, which is expected to drive the expenditure in healthcare industry.

The stringent government regulations pertaining to employee safety are forcing employers to comply with the industry standards, thereby increasing the demand for protective clothing. Furthermore, rising executive management concerns towards employee health & safety coupled with the rise in the COVID-19 cases primarily in economies of China, U.S., and Italy on account of the absence of protective kit is likely to drive product demand over the near future.

The supply chain for the personal protective equipment will continue to be stressed as the demand exceeds available supplies on account of the COVID-19 outbreak. In order to boost the supplies for PPE used by healthcare professionals, manufacturers are launching new production units as the European Union has taken measures in its March recommendations to relax the regulatory approvals for PPE, provided that the safety is not compromised.

The demand for disposable and durable gloves is increasing substantially owing to their use in healthcare industry for medical treatments as well as sanitation. Durable gloves are likely to witness a slower growth as compared to the disposable gloves owing to the preference for medical disposables as compared to reusable products. However, increase use of durable gloves in sanitation applications is likely to have a positive impact on healthcare personal protective equipment market growth.

A long foreseen shortage of PPE - including N95 respirators, masks, and gowns is crippling healthcare professionals’ ability to respond to the coronavirus pandemic in the U.S. This in result could force the government to immediately use the Defense Production Act (DPA) in order to increase the domestic production of medical equipment and supplies required by the healthcare professionals.

As the number of coronavirus cases around the world continues to climb, WHO is warning of a potential shortage of personal protective equipment. In response, companies such as 3M and Prestige Ameritech are ramping up production globally. 3M has only seen its stock decline by 6% during the pandemic, however, factories are running at full throttle to manufacture N95 respirator masks and other protective products needed to combat the virus.

Companies such as Chinese electric vehicle maker BYD started producing face masks and hand sanitizers in response to the COVID-19 outbreak. The company has now the capacity to manufacture over 5 million face masks and 0.3 million bottles of sanitizer gels per day and has become a key supplier in the Chinese healthcare industry as the quality of BYD’s masks is significant as compared to others according to the Chinese government quality department inspections.

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