Healthcare Personal Protective Equipment Market Growth & Trends

The global healthcare personal protective equipment market size is expected to reach USD 38.71 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 21.3% from 2020 to 2027. The outbreak of COVID-19, coupled with the possibility of a second wave of the pandemic across the globe, is expected to augment the demand for healthcare personal protective equipment (PPE).

Manufacturers have been investing in various R&D initiatives to create PPE with low external limitations and adhere to regulatory standards. Moreover, due to the shortage of PPE, manufacturers are increasingly using 3D printing technology to manufacture masks and other PPE for healthcare professionals during the COVID-19 pandemic.

Healthcare facilities follow the "just in time" approach to procure PPE kits due to efficiency and budgetary reasons. However, due to the unprecedented demand for PPE during the COVID-19 outbreak, this policy resulted in a drastic shortage of PPE kits for the healthcare workers, wherein few placed orders were supplied to respective facilities and others had to search for alternatives.

The prices of healthcare PPE witnessed an exponential rise since the outbreak of the COVID-19 pandemic due to the shortage of PPE. For instance, according to the World Health Organization (WHO), buyers have observed a six-fold, threefold, and twofold price increase in surgical masks, respirators, and gowns, respectively.

Healthcare Personal Protective Equipment Market Report Highlights

  • The respiratory protection product segment is estimated to expand at the fastest CAGR of 49.8% from 2020 to 2027 on account of the increasing use of N95 respirators and surgical masks by healthcare workers actively combating the COVID-19 pandemic
  • The hospital end-use segment accounted for a revenue share of 55.7% in 2019 on account of the predominant use of PPE in hospitals by the staff, coupled with improving healthcare infrastructure, especially in the emerging economies
  • Europe held the largest revenue share of 35.8% in 2019 owing to the possibility of a second wave of COVID-19, coupled with the rising number of qualified nurses, midwives, and other care professionals in the region
  • The market in India is expected to expand at the fastest CAGR of 39.4% from 2020 to 2027 on account of increasing domestic production of PPE, coupled with rising healthcare spending and improving healthcare infrastructure in the country
  • In August 2020, Ansell joined the #TyvekTogether program launched by DuPont and through this collaboration, it will be producing 600,000 isolation gowns made using the Tyvek fabric, which will be further distributed by Henry Schein to frontline healthcare workers