The Medical Protective Equipment market studied is anticipated to grow with a CAGR of nearly 5.6%, during the forecast period.

Certain factors that are driving the market growth include growing incidence of pandemics and epidemics, and rising adoption of cost-effective and innovative surgical procedures.

In the life sciences industry, where safety and isolation from the external environment are considered to be a pre-requisite, the use of medical protective equipment has become mandatory. The Occupational Safety and Health Administration (OSHA) have been at the forefront of publishing standards for ensuring continual improvement of health and safety at workplaces. Other organizations, such as APIC (Association for Professionals in Infection Control and Epidemiology) and AAMI (Association for Advancement of Medical Instrumentation) offer widely accepted classification systems for use of protective apparel based on the surroundings.

Hence, with the afore-mentioned statements, it is believed that the maket studied will grow in the future.

Key Market Trends

PPE Shows Lucrative Opportunity in the Global Medical Protective Equipment Market

Personal protective equipment is special equipment one wears to create a barrier between oneself and germs. This barrier reduces the chance of touching, being exposed to, and spreading germs. Personal protective equipment (PPE) helps prevent the spread of germs in the hospital. This can protect people and health care workers from infections. All hospital staff, patients, and visitors use PPE when there will be contact with blood or other bodily fluids.

In the recent time, countries are facing the huge threat of COVID – 19 (Coronavirus). Even the World Health Organization (WHO) listed it as a potential global health threat due to high mortality. There is no treatment available against this type of disease and most of the pharmaceutical and biotechnological companies are focusing their R&D departments in identifying new molecules or leads for the treatment of this disease.

According to the Johns Hopkins University, as of 31st March, 2020 there were more than 803,650 confirmed cases of COVID-19 with more than 39,033 deaths, spreading over 170+ countries. Although, there are approximately 172,772 recovered cases, there is no potential vaccine or treatment available for the same.

Moreover, according to WHO, the number of secondary infections generated from one infected person is in between 2 to 2.5 for COVID-19. Therefore, on an average one person transmits to 2 other people, leading to exponential increase in the number of affected cases. Since PPE is an efficient protective gear to curb the spread of such diseases at the healthcare space, the concerned segment of the market is expected to grow at a significant rate over the forecast period.

North America Dominates the Global Medical Protective Equipment Market

North America is expected to dominate the overall market, throughout the forecast period. In the North American region, the United States holds the largest market share and this is due to better regulations of medical protective devices and growing awareness among the population regarding the usefulness of such protective gears. The companies also have well-established direct channel collaboration with hospitals and clinics to serve the studied market. Overall, rising demand and increase in the production of the surgical masks, gloves, gowns, PPEs, respirators etc. are expected to increase the market growth in the initial period; however, after few years, there will be a steady growth in the market.

On the other hand, Asia-Pacific is emerging as one of the fastest-growing markets, aided by proactive measures taken by the regional governments of countries, like India and China, to develop local manufacturing and innovation centers. These markets have witnessed several regulatory reforms with regard to drug manufacturing and approvals.

Competitive Landscape

The global Medical Protective Equipment market is competitive and consists of a number of major players. Companies like 3M Company, Ansell Limited, Cardinal Health Inc., DuPont de Nemours, Inc., Hartalega Holdings Berhad, Honeywell International Inc., Kimberly-Clark Corporation., Top Glove Corporation Bhd, among others, hold the substantial market share in the market.

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