Healthcare Personal Protective Equipment Market By Region
The protective clothing segment contributed to the largest share in 2019, accounting for more than one-third of the global market.
PORTLAND, OREGON, UNITED STATES, April 28, 2023 /einpresswire.com / — The protective clothing segment contributed to the largest share in 2019, accounting for more than one-third of the global healthcare personal protective equipment 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.
The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
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According to the report published, 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.
This makes it important to understand the practical implications of the healthcare personal protective equipment market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extension analysis of untapped segments to benefit the market players and new entrants to gain the market share.
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. Nevertheless, negative impact of PPE material on environment restrains the market growth.
KEY MARKET PLAYERS:
The report provides the SWOT analysis of the key market players Ansell Limited, Med-Con Pty Ltd., Cantel Medical Corporation, DuPont de Nemours Inc., 3M Company, Cardinal Health, Honeywell International Inc., Owens & Minor Inc., Medisca Pharmaceutique Inc. which gives the business overview, financial analysis, and portfolio analysis of products and services. The latest news related to industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures, collaborations, product launches, market expansions etc. are included in the report for the better understanding of the stakeholders in framing strategic decisions to gain long term profitability and market share.
The hospital segment accounted for the largest share in 2019, holding more than two-fifths of the global healthcare PPE market share, and is expected to maintain the largest share throughout the forecast period. Moreover, the same segment is expected to register the highest CAGR of 13.1% from 2020 to 2027. This is owing to easy availability of healthcare insurance services.
NEED FOR THE REPORT:
The current situation of pandemic makes it very important for the stakeholders in the healthcare personal protective equipment market to understand the market deeply, which will help them in taking sound decisions, to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.
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. This is owing to increase in affordability of primary healthcare services and other healthcare infrastructure investments in the region.
KEY OFFERINGS OF THE REPORT:
Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.
Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.
Segmental analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.
Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.
Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenario and related strategies have been offered in the report.
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