The global medical protective equipment market is predicted to register a CAGR of 9.5% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from US$ 21.3 billion in 2023 to US$ 52.8 billion by 2033 end.
The medical protective equipment market is being driven by the surging demand from healthcare facilities. Key players in the market have concentrated their focus on enhancing their product offerings in face masks, face shields, gowns, and gloves. The companies are also emphasizing on expanding the production capacities of the product to contribute towards the overall market growth.
The stringent governmental norms and heightened concerns towards health and safety are projected to induce end users to invest in medical protective equipment. Thereby, driving the medical protective equipment industry forward. Additionally, medical protective equipment helps decrease the exposure to hazards that can lead to serious health issues. Growing awareness regarding the benefits of shielding via medical protective equipment is projected to accelerate market expansion in the upcoming years.
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Since maintenance of hand hygiene is considered important to avoid getting infected by infectious diseases, the demand for gloves is surging significantly. Also, medical gloves are used to safeguard the wearer as well as other patients from spreading the infection or illness during medical procedures or examinations. Increasing surgical procedures over the forthcoming years is projected to boost the sales of medical gloves, thus shaping the medical protective equipment industry.
Key Highlights of the Medical Protective Equipment Market:
- The United States holds a large share of the medical protective equipment market. The same trend is projected to be followed in the forthcoming years, as the country is projected to attain US$ 13.8 billion by 2033. The estimated CAGR for the forecast period is 7%.
- In the Asia Pacific, China is expected to secure a significant position in the forecast period. The country is anticipated to reach US$ 2.9 billion by 2033, registering a CAGR of 11% in the meantime.
- The United Kingdom is predicted to garner market revenue of US$ 2.2 billion by 2033. The market is predicted to expand at a CAGR of 9.5% over the forthcoming years.
- The gloves segment is expected to exhibit a CAGR of 8.9% over the forecast period. Growing demand for surgical disposable gloves approved by FDA is propelling the gloves segment forward.
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News Featuring Market Developments by Key Players of Medical Protective Equipment Solutions:
- In March 2022, Ansell Ltd., a leading provider of personal protective equipment, joined the global players working in the rubber glove industry to establish Responsible Glove Alliance (RGA). The role of RGA is to ensure protection of workers susceptible to forced labor in supply chains, especially within medical supply industries. The initial focus of RGA would be manufacturing industry of rubber glove in Malaysia. This is due to the fact that Malaysia is world’s leading producer of rubber gloves, and relies extensively on migrant labor.
- In March 2022, Dynarex Corporation, extended its durable medical equipment (DME) portfolio to meet the surging demands from long-term care and home-care marketplaces. The offerings of DME includes premium solutions for a range of requirements, such as home care beds, lifts and slings, mattresses, mobility, wheelchairs, etc. and long-term care.
- In February 2022, Kimberly-Clark Worldwide, Inc. officially revealed its innovative ICON™ dispenser collection. These dispensers provide design customization, along with patented technology to supply a 99.99% jam-free, more efficient, virtually noise-free paper towel dispensing experience.
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Medical Protective Equipment Market by Category
By Product Type:
- Gloves
- Protective Clothing
- Gowns
- N95 Respirators
- Surgical Masks
- Goggles
- Face Shields
- Head Cover
- Shoes Covers
By Usage:
- Disposable
- Non-disposable
By End User:
- Hospitals
- NGO’s/ Government Organization
- Ambulatory Surgical Centers
- Specialized Clinics
- Diagnostic and Research Laboratories
About FMI:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the 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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