Medical Protective Equipment Market is expected to reach US$ 41.6 Bn by the end of 2030
Global Medical Protective Equipment Market demand will surge in 2022 and beyond, owing to the global COVID-19 pandemic, with a forecast valuation of more than US$ 41 billion by 2030.
The growing pandemic of community infections owing to emergence of new pathogens is expected to increase the demand of medical protective equipments in the global market. This rising number of community and hospital acquired infections will drive market growth in the near future, says a new Future Market Insights (FMI) report.
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Key manufacturers
operating in the market offer a wide range of products such as medical masks,
gloves, protective clothing, gowns and other products. Owing to
non-availability of treatment for new pathogen infections and significant lag
phase between the emergence of new pathogen and development of effective
treatment, there has been an increasing demand for medical protective
equipment, creating an absolute opportunity for growth of the medical
protective market.
Key Takeaways of Medical
Protective Equipment Market Study
- Medical gloves segment is expected to
contribute more than 40% of revenue share in the medical protective
equipment market.
- Owing to use of gloves in prevention
of primary infections and to perform surgical procedures by healthcare
workers, medical gloves segment is the most dominated product type.
- Disposable medical protective
equipment will gain more than 75% of market share in the medical
protective equipment market throughout the forecast period.
- Hospitals and NGO’s/ government
organization segments are expected to collectively gain more than 60% of
market share in the medical protective equipment market during 2022-2030.
- Europe is the highest revenue
generating market by region due to aging population and high rate of new
pathogenic infections. North America is expected to offer lucrative
opportunities owing to higher incidence of new infections and increasing
volume of innovative surgical procedures.
Manufacturing
Collaborations Preferred to Tackle Massive Demand Growth
Leading manufacturers in
the medical
protective equipment market are extensively focusing on expansion of their
manufacturing capabilities in the disruptive demand. Government is actively
encouraging local manufacturers to prioritise an emergency demand of medical
protective equipments in the public hospitals and other healthcare set-ups.
For instance, in March
2020, the 3M Company, the U. S. based global leader in medical protective
equipments has collaborated with giant automobile manufacturer Ford to
transform auto manufacturing facility into respirators manufacturing plant.
Key
Companies Profiled:
- 3M
Company
- Ansell Limited
- Kimberly-Clark Corporation
- Top Glove Corporation Bhd
- Dynarex Corporation Inc
- DuPont de Nemours, Inc
- Honeywell International Inc
- Hartalega Holdings Berhad
- Cardinal Health, Inc
- Halyard Worldwide, Inc
- Mölnlycke Health Care
- Crosstex International, Inc
- Derekduck Industry Corporation
- Medline Inc
- International Enviroguard
- Prestige Ameritech
- Alpha Pro Tech
- Dukal Corporation
- Lakeland Industries, Inc
- Titan Hardware Industrial Co., Ltd
- TIDI Products, LLC
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