The global medical protective equipment market will witness a major recovery in 2022 and beyond amid the global COVID-19 pandemic, reaching a projected valuation of over US$41.6 billion through 2030. Growing pandemic of community infections due to emergence of new pathogens is expected to increase the demand for medical protective equipment in the global market. This growing number of community and hospital acquired infections will drive the market growth in the near future, according to a new Future Market Insights (IMF) report.
The major manufacturers operating in the market offer a wide range of products such as medical masks, gloves, protective clothing, gowns and other products. Due to the unavailability of treatment for new pathogen infections and a significant lag time between the emergence of a new pathogen and the development of an effective treatment, there has been an increasing demand for protective equipment, creating an absolute growth opportunity for the medical protective market.
|Data points||Market overview|
|Market value 2021||$16.8 billion|
|Market value 2022||$18.9 billion|
|Market value 2030||$41.6 billion|
|Share of top 5 countries||52.2%|
The Covid-19 pandemic crisis is driving demand
The sudden virus pandemic situation has created a huge gap between supply and demand for medical protective equipment. Recently, in December 2019, the Covid-19 pandemic emerged in all parts of the world. This highly communicable respiratory disease has dramatically increased the unmet demand for medical masks, gloves and other protective equipment.
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For example, according to a WHO study, the WHO advised the personal protective equipment industry and governments to increase manufacturing by 40% to meet the growing global demand for personal protective equipment ( PPE) in the context of the global Covid-19 epidemic.
Key Takeaways from the Medical Protective Equipment Market Research
- The medical gloves segment is expected to account for more than 40% of the medical protective equipment market revenue share.
- Due to the use of gloves in the prevention of primary infections and to perform surgical procedures by healthcare workers, the medical gloves segment is the most dominated product type.
- Disposable medical protective equipment will gain more than 75% market share in the medical protective equipment market throughout the forecast period.
- The hospital and NGO/government organization segments are collectively expected to gain more than 60% market share in the medical protective equipment market during the period 2022-2030.
- Europe is the highest revenue generating market by region due to an aging population and high rate of new pathogen infections. North America is expected to offer lucrative opportunities due to a higher incidence of new infections and a growing volume of innovative surgical procedures.
Preferred manufacturing collaborations to meet massive demand growth
Major manufacturers in the medical protective equipment market are largely focusing on expanding their manufacturing capabilities amid the disruptive demand. The government is actively encouraging local manufacturers to prioritize an emergency demand for medical protective equipment in public hospitals and other health facilities.
For example, in March 2020, 3M, the US-based global leader in medical protective equipment, collaborated with giant automaker Ford to turn an automobile manufacturing plant into a ventilator manufacturing plant.
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What does the report cover?
Medical Protective Equipment Market, a new study by Future Market Insights, pronounces on medical protective equipment indications from 2015 to 2021 and presents demand projections from 2022 to 2030 based on; product type (gloves, protective clothing, gowns, N95 respirators, surgical masks, goggles, face shields, head coverings and shoe covers), use (disposable and non-disposable) and end user (hospitals, NGOs/government organizations, ambulatory surgery centers, specialized clinics, and diagnostic and research laboratories) in seven major regions.
Medical Protective Equipment Market by Category
- Protective clothing
- N95 Respirators
- Surgical masks
- Protective glasses
- Face shields
- shoe covers
- Not disposable
Per end user:
- NGO/government organization
- Ambulatory surgery centers
- Specialized clinics
- Diagnostic and research laboratories
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East and Africa (MEA)
To learn more about related information:
Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.
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