Surge in investment from public and private players to increase the production of healthcare PPE to meet the growing demand drives the growth of the global healthcare PPE market. North America contributed the highest share in 2019, and will maintain its dominance throughout the forecast period. The demand for healthcare PPE is likely to increase from healthcare and lab workers involved in the treatment and testing of Covid-19 patients.
The global healthcare PPE market generated $12.9 billion in 2019, and is estimated to reach $33.4 billion by 2027, registering a CAGR of 12.4% from 2020 to 2027.
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Rise in demand for healthcare PPE to protect the healthcare personnel involved in the treatment of Covid-19 patients augments the growth of the global healthcare PPE market. Furthermore, rise in investment from public and private players in the production of healthcare PPE kit to meet the growing demand fuels the growth of the market.
The protective clothing segment contributed to the largest share in 2019, accounting for more than one-third of the global healthcare PPE market, owing to increase in use of coverall, gowns, and scrubs as a basic requirement for any healthcare personnel or patient. However, the respiratory protection segment is estimated to portray the highest CAGR of 14.0% during the forecast period. This is attributed to rise in the usage of face masks by general public due to the outbreak of COVID-19.
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North America contributed to the highest share, accounting for more than one-third of the healthcare PPE market in 2019, and will maintain its dominance throughout the forecast period. This is owing to the presence of world-class healthcare systems and stringent regulations for the use of proper PPE in healthcare settings. However, Asia-Pacific is expected to grow at the highest CAGR of 13.7% from 2020 to 2027.
Leading market players analyzed in the research include Med-Con Pty Ltd., Ansell Limited, DuPont de Nemours Inc., Cantel Medical Corporation, Cardinal Health, 3M Company, Owens & Minor Inc., Honeywell International Inc., Medline Industries Inc., and Medisca Pharmaceutique Inc.
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