Medical Protective Equipment Market

2020 Analysis and Review of Medical Protective Equipment Market by Product Type - Gloves, Protective Clothing, Gowns, N95 Respirators, Surgical Masks, Goggles, Face Shields, Head Covers, and Shoes Covers for 2020 - 2030

  • 2020-04-14
  • REP-GB-11296
  • 37 Tables
  • 137 Figures
  • 226 pages
  • Format: PDF/PPT/Excel
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Market Set to Surpass its US$ 15 Bn Mark in 2020

Medical protective equipment including protective gowns, gloves, face shields, goggles, and surgical masks, otherwise ubiquitous in every healthcare facility, is witnessing a sudden surge in demand with the outbreak of novel coronavirus across the globe, leading to supply shortages. With a manifold increase in demand, the medical protective equipment market value is expected to cross the US$ 15 Bn mark by the end of 2020. A daily barrage of new headlines about lengthy quarantines and nationwide lockdown along with growing intensity of the pandemic had provoked a storm of panic buying and stockpiling of such equipment which significantly contributed to the market growth. The result has also led to shortages of supply through a domino effect of factory closures and supply chain disruptions.

Medical Protective Equipment Market - Key Research Findings

  1. The global medical protective equipment market size in 2019 was valued at US$ 13.7 Bn.
  2. The Medical Protective Equipment market is anticipated to grow at a CAGR of 10.7% during the forecast period of 2020-2030.
  3. Medical gloves segment is expected to remain as the most preferred product type segment in the medical protective equipment market.
    • The growth of this particular segment can be primarily attributed to growing prevalence of surgical procedures and emergence of new pathogen with high transmission rate and rising hospital acquired infections.
  4. Europe is stipulated to account for ~one-third of the revenue shares in the medical protective equipment market by the end of 2030.
    • The Europe market is estimated to continue to be the opportunistic market for medical protective equipment manufacturers, as the medical protective equipment market is growing owing to pandemic of highly-transmissible new virus community infections and increase in aging population.
  5. Hospitals will continue to be as prominent end user category in creating significant growth opportunities for the medical protective equipment market players.
    • Medical gloves and N95 respirators are expected to witness relatively high demand in public and private hospitals, due to their use as a primary center for the effective treatment of new pathogen infections.
    • Therefore, with rise in number of patients pool in hospitals owing to community infections and surgical procedures are anticipated to increase the market growth of medical protective equipment globally.

Key Factors Shaping the Medical Protective Equipment Market  

Covid-19 Crisis Impact

Emergence of highly transmissible respiratory pathogen requires high standard personal protection protocols and practices for healthcare workers and non-infected population. Also, considerable time needed for the development and commercialization of effective treatment options for new pathogen. This uncertainty is expected to rise demand of infection preventive measures such as personal protective equipment worldwide.

Healthcare workers rely on personal protective equipment to protect themselves and their patients from being infected and infecting others. For Instance, WHO Covid-19 outbreak modelling on March 2020, estimated 89 million medical masks are required for the COVID-19 response each month. For examination gloves, that figure goes up to 76 million, while international demand for goggles stands at 1.6 million per month.

Rising Adoption of Cost-effective and Innovative Surgical Procedures to Spur the Demand

The rate of annual surgical procedures continues to increase. Scientific and technological advancements in surgical procedures for various health conditions in the developed and emerging economies is expected to rise the adoption of innovative surgical procedures. In addition, leading industry players are focusing on clinical research and innovative new product launches to perform effective surgeries for trauma and other surgical conditions.

For instance, according to CDC statistics, the rate of surgical procedures performed at ambulatory surgery centers increased by 300% in the U. S. in between 1996 and 2006. In addition, in 2010, 51.4 million inpatient surgical procedures were completed in nonfederal hospitals in the U. S and this number is expected to grow. 

Significant Unmet Need of Medical Masks and Gloves Presenting Lucrative Opportunities

Emergence of highly transmissible respiratory pathogen requires high standard personal protection protocols and practices for healthcare workers and non-infected population. Also, considerable time needed for the development and commercialization of effective treatment options for new pathogen. This uncertainty is expected to rise demand of infection preventive measures such as personal protective equipment worldwide.

Healthcare workers rely on personal protective equipment to protect themselves and their patients from being infected and infecting others. For Instance, WHO Covid-19 outbreak modelling on March 2020, estimated 89 million medical masks are required for the COVID-19 response each month. For examination gloves, that figure goes up to 76 million, while international demand for goggles stands at 1.6 million per month.

Strategic Acquisitions to Spur Rapid Market Expansion

Industry players are focusing on partnership and acquisition deals to get early market entry and high market shares. This key trend is observed across North America, Europe, and in Asian countries such as Malaysia, Japan, and China. Such strategies also enable companies to accelerate their market reach and revenue gain.

For instance, in April 2018, Top Glove Corp Bhd, a global leader in rubber gloves manufacturing, has acquired Aspion Sdn Bhd, a specialized manufacturing company of surgical gloves. This acquisition is expected to strengthen market position of the company in global surgical gloves market.

Medical Protective Equipment Market Structure Analysis

  • The global medical protective equipment market is a semi-consolidated market. Approximately 65% - 75% share of the market is held by tier-1 players.
  • In high-impact markets such as the U.S. and Europe, there are less stringent regulations for the approval of medical protective equipment products. Also, the approval of medical protective equipment products for the medical use is needed to fulfil the requirement of 510 (k) pre-market notification or CE Mark or other regulatory filing. Limits growth opportunities for the medical protective equipment market, especially among emerging players.
  • Continuous investments by leading industry players in manufacturing highly effective and safe medical protective equipment have led to availability of high standard medical protective equipment products with the ability to deliver superior performance in infection prevention. These new developments to boost the growth prospects of the medical protective equipment market.
    • Major players in the medical protective equipment market are the 3M Company, Ansell Limited, Kimberly-Clark Corporation., Top Glove Corporation Bhd, and Dynarex Corporation Inc.
  • Global medical protective equipment market players are also focused on emerging markets such as Italy, India and China, thanks to their strategic marketing network of sales force. Moreover, due to significant partnerships and tie-ups with independent third party sales organizations and presence of international global offices in other geographies, major manufacturers could deliver their product offerings efficiently.

Report Scope

Report Metric

Details

Base year considered

2019

Actual estimates/ Historical data

2015 - 2019

Forecast period

2020 - 2030

Forecast units

Value (USD) Mn

Segments covered

Product Type, Usage, End User, and Region

Regions covered

North America (US & Canada), Europe (UK, Germany, France, Spain, Italy, Russia, and Rest of Europe), Latin America (Brazil, Mexico, Argentina and  Rest of LA), East Asia (China, Japan and South Korea) South Asia and Oceania (Australia, New Zealand, India and ASIAN), and MEA (GCC Countries, South Africa, Turkey, Northern Africa and Rest of MEA)

Key Players

The 3M Company, Ansell Limited, Kimberly-Clark Corporation., Top Glove Corporation Bhd, Dynarex Corporation Inc., and Others

Major 20 players covered.

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Gloves to Account for 2/5th of Total Sales

In 2019, gloves (examination and surgical), one part of an infection-control strategy, accounted for 40% of the total sales value. Increased emphasis on hand hygiene to prevent new infection from the COVID-19 has led to a sprung in global sales of medical gloves. It is imperative to note that fluctuations in prices of raw materials for latex gloves and risk of latex allergies are influencing manufacturers to move toward the production of synthetic gloves in the time of pandemic. Rapid spread of the disease across multiple countries is also significantly contributing to the demand for protective clothing, gowns, N95 respirators, and surgical masks.

Development Markets - The Current Epicenter of COVID-19 and Market Growth

As the COVID-19 pandemic’s epicenter shifts from China to the U.S. and Italy, the medical protective equipment market is experiencing robust growth in Europe and North America. An exponential rise in number of COVID-19 patients in these regions is pressing manufacturers to increase the production of medical protective equipment. Moreover, governments and health authorities are using federal powers to force manufacturers to increase production at a significant pace and seeking to purchase any quantities that major manufacturers in Asian Pacific countries can spare. However, concerns about the quality of products from these countries are paving way for new entrants in North America and Europe’s markets.

Health Authorities Emphasize ‘Rational Use’ to Bridge Demand-supply Gap

Considering the widespread use of medical protective equipment, mainly N95 respirators and surgical masks, outside patient care by common citizens to protect themselves from community transmission of COVID-19, manufacturers and suppliers have been leveraging the opportunity to increase the price of their products. Public health authorities such as the World Health Organization (WHO) and Centers of Disease Control and Prevention (CDC) have warned that severe disruptions in the global supply chains in line with misuse and hoarding of protective equipment is putting lives at risks for healthcare workers, patients, as well as non-infected individuals. Therefore, these organizations have put forward several guidelines and strategies to facilitate rationalized use and optimal availability of the equipment and normalize the supply chain.

Gloves remain the bestselling category

Demand for shoe covers to pick pace

Disposable products to take the lead

Use of non-disposable products increases significantly

Hospitals remain top end user

Adoption in diagnostic and research laboratories grows rapidly

How Growth will Unfold

Adoption of medical protective equipment in hospitals continues to influence growth strategies, while growing application in diagnostic and research laboratories is expected to result in increased market share. Fast construction of hospitals to accommodate ever-increasing number of patients is weighing on a same scale as growing demand for medical protective equipment. In the time of COVID-19 pandemic, shortages of protective equipment are posing a tremendous challenge to the healthcare systems, which in turn has resulted in influx of fast-produced, low-cost alternatives. Market frontrunners are thus hard pressed to differentiate their products from the competition while meeting the swelling demand.

Medical Protective Equipment Market Analysis by End User (2020 E)

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

A recent market study published by Future Market Insights on the medical protective equipment market includes global industry analysis for 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics and Covid-19 crisis impact analysis. After conducting a thorough research on the historical as well as current growth parameters of the market, the growth prospects of the market are obtained with maximum precision.

Medical Protective Equipment Market Taxonomy

The global medical protective equipment market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Product Type

  • Gloves
  • Protective Clothing
  • Gowns
  • N95 Respirators
  • Surgical Masks
  • Goggles
  • Face Shields
  • Head Cover
  • Shoes Covers

Usage

  • Disposable
  • Non-disposable

End User

  • Hospitals
  • NGO's/ Government Organization
  • Ambulatory Surgical Centers
  • Specialized Clinics
  • Diagnostic and Research Laboratories

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East and Africa (MEA)

What's Included

The report initiates with the executive summary of the medical protective equipment market, which includes a summary of key findings and statistics of the market. It also includes supply-side and demand-side trends pertaining to the market.

Readers can find the definition and a detailed segmentation of the market in this chapter, which will help them understand the basic information about the market. Along with this, comprehensive information pertaining to types of products and their features are provided in this section. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the market report.

Medical protective equipment market report provides the key market trends that are expected to significantly impact market growth during the forecast period. Detailed industry trends are provided in this section.

This section includes the key successful factors and strategies being adopted by key market participants.

This section explains the global market value analysis and forecast for the market during the forecast period. This chapter includes a detailed analysis of the historical market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2020), and an incremental $ opportunity for the forecast period (2020-2030).

This chapter gives information about COVID-19 crisis impact analysis which comprises of current covid19 statistics and probable future impact, impact on GDP of individual key countries, segment wise impact, quarter-wise forecast and projected recovery quarter. In addition, this chapter includes drivers and restraints of the market. This section also includes macroeconomic factors and various opportunities of the market.

Based on product type, the medical protective equipment market is segmented into gloves, protective clothing, gowns, N95 respirators, surgical masks, goggles, face shields, head covers and shoes covers. In this chapter, readers can find information about Y-o-Y growth and market attractiveness analysis based on products.

Based on usage, the market is segmented into disposable and non-disposable. In this chapter, readers can understand the Y-o-Y growth and market attractiveness analysis based on usage.

Based on end user, the market is segmented into hospitals, NGO's/ government organizations, ambulatory surgical centers, specialized clinics and diagnostic and research laboratories. In this chapter, readers can understand the Y-o-Y growth and market attractiveness analysis based on end user.

This chapter explains how the market will grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa (MEA).

This chapter includes a detailed analysis of growth of the North America market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, and market growth based on the product type, usage, end user, and countries in North America.

This chapter provides the growth scenario of the market in Latin American countries such as Brazil, Mexico, Argentina and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.

Important growth prospects of the market based on its end users in several countries such as the U.K., France, Germany, Spain, Italy, Russia and the Rest of Europe are included in this chapter.

Important growth prospects of the market across target segments in several countries such as China, Japan and South Korea are included in this chapter.

In this chapter, Australia, New Zealand, India and other countries are the prominent countries in the South Asia and Oceania region. Readers can find detailed information about the growth parameters of the South Asia and Oceania market during the forecast period of 2020-2030.

This chapter provides information about how the market will grow in major countries in the MEA region such as GCC Countries, South Africa, and the Rest of MEA, during the forecast period of 2020-2030.

This chapter highlights the tier structure analysis, market concentration analysis and company share analysis along with sales footprint analysis of key player operating in market.

In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the market, along with a detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured are The 3M Company (U. S.), Ansell Limited (Australia), Kimberly-Clark Corporation (U. S.), Top Glove Corporation Bhd (Malaysia), Hartalega Holdings Berhad (Malaysia), Dynarex Corporation (U. S.), Cardinal Health, Inc. (U. S.), Honeywell International Inc. (U. S.), DuPont de Nemours, Inc. (U. S.), Halyard Worldwide, Inc. (U. S.), Mölnlycke Health Care (Sweden), Crosstex International, Inc. (U. S.), Derekduck Industry Corporation (Taiwan), Medline Inc. (U. S.), Prestige Ameritech (U. S.), Alpha Pro Tech Ltd. (Canada), Lakeland Industries, Inc. (U. S.), Titan Hardware Industrial Co., Ltd. (China), TIDI Products, LLC (U. S.), Dukal Corporation (U. S.).

This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the medical protective equipment market report.

This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the medical protective equipment market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • End Users
  • Current Market Dynamics and Challenges
  • Yesteryear Trends 
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near-term and Long-term Market Growth Prospects
  • Market Segment Splits and Authenticity
  • Opinions on Market Projections and Validity of Assumptions

Secondary Research

  • Industry Publications
    • World Health Organizations (WHO)
    • National Institute of Health (NIH)
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits medical protective equipment market designation

Primary Interview Splits medical protective equipment market stakeholder

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