Healthcare personal protective equipment Industry is set to gain momentum from the rising incorporation of artificial intelligence (AI) by tech giants and renowned healthcare companies to cope up with the COVID-19 pandemic effectively.
The Research aims to analyze the healthcare personal protective equipment industry by considering contributions, prospects, and growth trends. It presents detailed profiles of every key player operating in the Industry to analyze their core competencies in each segment. Apart from that, it ensures to help our clients better understand the competitive developments, namely, joint ventures, acquisitions, new product developments, agreements, and expansion of production facilities.
By end-users, the healthcare PPE industry is segregated into consumers, healthcare facilities, and others. Out of these, the healthcare facilities segment generated 44.8% in terms of the healthcare personal protective equipment Industry share in 2020. It is expected to remain at the forefront in the upcoming years because of the increasing demand for PPE to prevent the spread of germs in clinics and hospitals.
Urgent Need to Prevent Transmission of COVID-19 to Foster Growth
COVID-19 can spread asymptomatically and is extremely contagious. Hence, concerns regarding safety among patients and healthcare professionals in critical care are surging rapidly. The demand for healthcare PPE, such as goggles, face shields, gloves, gowns, and face masks is increasing worldwide as they help in lowering the exposure to hazards. Many companies are nowadays aiming to raise their production capacities to cater to the high demand. However, the equipment is used by clinicians and doctors for a longer period of time. This often results in skin injuries, especially on the forehead, cheeks, and nose bridges. It may obstruct the healthcare personal protective equipment Industry growth in the near future.
healthcare personal protective equipment manufacturers operating in the global Industry:
Honeywell International Inc. (North Carolina, U.S.) 3M (Minnesota, U.S.) ANSELL LTD. (Richmond, Australia) Alpha ProTech (Richmond, Australia) Superior Gloves (Ontario, Canada) Medline Industries, Inc. (Illinois, U.S.) Cardinal Health (Ohio, U.S.) DuPont (Delaware, U.S.) Kimberly-Clark Corporation (Texas, U.S.) Sterimed Group (New Delhi, India) Medisca Inc (Montreal, Canada) Moldex-Metric (California, U.S.) MHCare Medical Other Key Players
Rising Number of COVID-19 Cases in U.S. to Favor Growth in North America
Geographically, in 2020, North America procured USD 12.50 billion in terms of revenue. It is anticipated to lead the Industry in the forthcoming years. The increasing number of COVID-19 cases in the U.S. is expected to propel the demand for healthcare PPE from frontline workers and paramedical staff. As of June 2020, the country experienced approximately 1,859,597 confirmed cases of COVID-19. In Asia Pacific, the Industry is expected to grow considerably. This growth is set to be contributed by China as it is considered to be a major exporter of healthcare personal protective equipment worldwide.
Key Companies Focus on Unveiling Innovative Products & Services
The Industry is highly fragmented with the presence of numerous key players. They are mainly focusing on launching novel products and services to help people tackle the impacts of the COVID-19 pandemic. Kimberly-Clark Corporation, Cardinal Health, Superior Gloves, and others are striving to enhance their existing portfolios and refine their value chains to gain a competitive edge.
Below are the two vital industry developments:
- May 2020: It would enable the company to offer easy access to buy COVID-19 related supplies for businesses on the e-commerce platform in India.
- April 2020: Mirakl introduced the StopCOVID19.fr. Industryplace to assist the French Government, workers, and healthcare personnel to tackle the coronavirus. More than hundred sellers have signed up to donate or sell hairnets, gels, glasses, gowns, and other significant items since the launch.
The protective clothing segment is set to account for the major market share during the forecast period. The high demand for coveralls, isolation gowns and aprons to protect oneself from spreading the infection could boost the demand for protective clothing. Coveralls are mainly designed to cover the whole body, including lower legs, back, feet, and head. FDA classifies protective garments as surgical isolation, non-surgical, and surgical gowns. Additionally, the continuous increase in the demand for such protective clothing augments the production of PPE by various companies across the world. For example, in 2020, Dickies, in partnership with VF Corporation, its parent company, announced its support in fighting against coronavirus in the U.S. by manufacturing FDA-compliant isolation gowns for healthcare workers and hospitals.