The global medical protective equipment market is expected to experience significant growth, with demand projected to reach USD 52.8 billion by 2033, expanding at a compound annual growth rate (CAGR) of 9.5%. This growth is being driven by several key factors, including the increasing incidence of hand injuries, rising applications in both hospitals and for personal use, and the growing need for workplace safety solutions.
The rising occurrence of hand injuries, coupled with a surge in investments for the development of advanced and technical protective products, is significantly contributing to the market’s expansion. As healthcare systems improve worldwide, consumers are increasingly turning to high-quality protective equipment to ensure better safety and hygiene.
Additionally, the rise in workplace accidents and injuries, particularly in manufacturing facilities where safety measures may be lacking, has further accelerated the demand for protective gear. The need for reliable and efficient safety equipment to mitigate these risks is prompting both organizations and individuals to invest in advanced solutions.
The market’s growth is also supported by shifting consumer preferences, with an increasing focus on health and safety, and the availability of better healthcare facilities that offer enhanced protection for workers and the general public. As the demand for personal safety equipment continues to rise, the medical protective equipment market is set to play a crucial role in enhancing global health and safety standards.
This growth is supported by several key factors:
- Increasing Instances of Hand Injuries: The rising occurrences of hand injuries necessitate the use of protective gear in both healthcare and industrial settings.
- Rising Applications in Hospitals and Personal Use: Medical protective equipment is increasingly utilized in hospitals and for personal safety, particularly in response to heightened health awareness.
- Investment in Advanced Products: There is a surge in investment aimed at developing advanced and technical products, enhancing the effectiveness and safety of medical protective equipment.
- Workplace Safety Concerns: Increased instances of workplace accidents and injuries, often due to inadequate personal safety measures, are driving demand for protective equipment in manufacturing facilities.
Key Players Frequently Updating their Product Portfolio to Match up to the Robust Industry Demands
The key players operating in global protective medical equipment market have anchored their presence across prominent high potential regions due to increasing concerns towards worker safety in these regions.
Manufacturers are primarily focused towards the expansion of their business segments and collaboration with other key players of the market to improve their presence and product portfolio. For instance:
- In March 2020, 3M and Ford Motor Company collaborated to increase the production of 3M’s powered air purifying respirators, or PAPRs.
- In March 2020, Honeywell International Inc. expanded its production capacity for N95 masks and started new operation in Phoenix.
- In April 2020, Cummins Inc. and DuPont collaborated for the production of superior version of N95 mask. This partnership was initiated to join hands against the Covid-19 outbreak in the United States.
List encompassing key players operating in medical protective equipment market
- 3M
- 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
A Full Report Overview
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
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East and Africa
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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