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Healthcare Personal Protective Equipment (PPE) Market to Depict 4.2% CAGR from 2022 to 2029; Maxill Inc. Introduced Packard Healthcare to Bolster its Presence in Personal Protective Product Line

June 30, 2022 | Chemicals & Materials

The global Healthcare Personal Protective Equipment (PPE) Market size could rise from USD 22.66 billion in 2022 to USD 30.28 billion by 2029. The adoption of Artificial Intelligence (AI) in the healthcare sector will augur well for the business outlook. For instance, in 2020, iFlytek teamed up with the Chinese Academy of Sciences to develop an AI-based COVID-19 diagnosis platform. The company claims the system can analyze and read a patient’s CT scans within three seconds.


According to the latest research report by Fortune Business Insights™ titled, Healthcare Personal Protective Equipment (PPE) Market Size, Share & COVID-19 Impact Analysis, By Product (Protective Clothing {Coveralls, Isolation Gowns, and Others}, Eye & Face Protection {Face Mask, [N95 Respirators and Surgical Masks & Others], Safety Goggles, and Others}, Gloves {Examination and Surgical}, By End-user (Healthcare Facilities, Consumers, and Others), and Regional Forecast, 2022-2029,” the market garnered USD 49.91 billion in 2021. It is anticipated to witness 4.2% CAGR during the forecast period.


COVID-19 Pandemic-induced Rise in Healthcare Personal Protective Equipment (PPE) Prices Disrupted Supply Chains


The pervasive COVID-19 pandemic disrupted the healthcare sector as prices of PPE kits soared globally. The Society for Healthcare Organization Procurement Professionals claimed that assisted living centers and skilled nursing facilities treating COVID-19 patients witnessed a 1,064% surge in costs for required healthcare personal protective equipment. However, waning COVID-19 cases have played a major role in bridging the demand-supply gap.


Honeywell Introduced Two NIOSH-certified Respiratory Offerings to Help Meet Healthcare Workers’ Needs


Leading players boosted their strategies to gain a competitive edge across untapped markets. Well-established players and new entrants could emphasize product portfolio expansion over the next few years. To illustrate, in May 2022, Honeywell came up with two new NIOSH-certified respiratory offerings to keep up with the demand from healthcare workers. The company claims the new products will boost the PPE portfolio for healthcare professionals. Besides, in June 2021, Ansell inked a contract with the European Union (EU) to help address the need for PPE. The healthcare personal protective equipment market share will gain traction from robust investments in organic and inorganic strategies.


Strong Demand for PPE Kits from Healthcare Sector to Underpin Growth


Industry participants expect bullish demand for PPE products across emerging and advanced economies will bode well for the industry outlook. The onset of the pandemic triggered the demand for face masks, gloves, face shields, coveralls, and goggles. With leading companies emphasizing expansion of product offering, the healthcare personal protective equipment market growth could witness a notable gain in the ensuing period. For instance, N95 respirator output at 3M was reported to have surged to 1.1 billion per year. Besides, an escalating concern toward health & safety and rigorous government norms have expedited product adoption. Meanwhile, potentially rising cases of skin allergies could impede the industry growth.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/healthcare-personal-protective-equipment-ppe-market-103309


Stakeholders Invest in Product Launches to Bolster Footprint


Major players are poised to inject funds into mergers & acquisitions, product launches, R&D activities, and technological advancements to propel their penetration. Furthermore, leading companies could infuse funds into innovations to expand their market presence across untapped areas.


Notable Industry Development



  • ·     March 2022 - Maxill Inc. announced a new personal protective product line, Packard Healthcare, to bolster its presence.


List of Companies Profiled in the Report



  • Honeywell International Inc. (U.S.)

  • 3M (U.S.)

  •  ANSELL LTD. (Australia)

  • Alpha ProTech (Australia)

  • Superior Gloves (Canada)

  • Medline Industries, Inc. (U.S.)

  • Cardinal Health (U.S.)

  • DuPont (U.S.)

  • Kimberly-Clark Corporation (U.S.)

  • Sterimed Group (India)

  • Medisca Inc (Canada)

  • Moldex-Metric (U.S.)


Further Report Findings


·         In terms of product, the protective clothing segment could account for a considerable share of the global market due to surged demand for aprons, isolation gowns, and coveralls.


·         North America market size stood at USD 19.54 billion in 2021 and will grow with rising awareness regarding the use of isolation gowns and safety gloves.


·         Asia Pacific market forecast will be strong in the wake of robust government policies and improving safety standards.


Table of Segmentation


















































  ATTRIBUTE



  DETAILS



Study Period



2018-2029



Base Year



2021



Estimated Year



2022



Forecast Period



2022-2029



Historical Period



2018-2020



Unit



Value (USD Billion)



Segmentation



By Product, End-user, and Region



By Product




  • Protective Clothing

    • Coveralls

    • Isolation Gowns

    • Others



  • Eye & Face Protection

    • Face Mask

      • N95 Respirators

      • Surgical Masks & Others



    • Safety Goggles

    • Others



  • Gloves

    • Examination

    • Surgical





By End-user




  • Healthcare Facilities

  • Consumers

  • Others



By Region




  • North America (By Product, End-user, Country)



      • U.S. (By End-user)

      • Canada (By End-user)





  • Europe (By Product, End-user, Country)



      • Germany (By End-user)

      • U.K. (By End-user)

      • France (By End-user)

      • Italy (By End-user)

      • Spain (By End-user)

      • Rest of Europe (By End-user)





  • Asia Pacific (By Product, End-user, Country)



      • China (By End-user)

      • Japan (By End-user)

      • India (By End-user)

      • South Korea (By End-user)

      • Southeast Asia (By End-user)

      • Rest of Asia Pacific (By End-user)





  • Latin America (By Product, End-user, Country)



      • Brazil (By End-user)

      • Mexico (By End-user)

      • Rest of Latin America (By End-user)





  • Middle East & Africa (By Product, End-user, Country)



      • South Africa (By End-user)

      • Saudi Arabia (By End-user)

      • Rest of Middle East & Africa (By End-user)






Global Healthcare Personal Protective Equipment (PPE) Market
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  • 2018-2020
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