Medical Protective Equipment Market is expected to reach US$ 41.6 Bn by the end of 2030

Global Medical Protective Equipment Market demand will surge in 2022 and beyond, owing to the global COVID-19 pandemic, with a forecast valuation of more than US$ 41 billion by 2030.

The growing pandemic of community infections owing to emergence of new pathogens is expected to increase the demand of medical protective equipments in the global market. This rising number of community and hospital acquired infections will drive market growth in the near future, says a new Future Market Insights (FMI) report.

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Key manufacturers operating in the market offer a wide range of products such as medical masks, gloves, protective clothing, gowns and other products. Owing to non-availability of treatment for new pathogen infections and significant lag phase between the emergence of new pathogen and development of effective treatment, there has been an increasing demand for medical protective equipment, creating an absolute opportunity for growth of the medical protective market.

Key Takeaways of Medical Protective Equipment Market Study

Medical gloves segment is expected to contribute more than 40% of revenue share in the medical protective equipment market.
Owing to use of gloves in prevention of primary infections and to perform surgical procedures by healthcare workers, medical gloves segment is the most dominated product type.
Disposable medical protective equipment will gain more than 75% of market share in the medical protective equipment market throughout the forecast period.
Hospitals and NGO’s/ government organization segments are expected to collectively gain more than 60% of market share in the medical protective equipment market during 2022-2030.
Europe is the highest revenue generating market by region due to aging population and high rate of new pathogenic infections. North America is expected to offer lucrative opportunities owing to higher incidence of new infections and increasing volume of innovative surgical procedures.

Manufacturing Collaborations Preferred to Tackle Massive Demand Growth

Leading manufacturers in the medical protective equipment market are extensively focusing on expansion of their manufacturing capabilities in the disruptive demand. Government is actively encouraging local manufacturers to prioritise an emergency demand of medical protective equipments in the public hospitals and other healthcare set-ups.

For instance, in March 2020, the 3M Company, the U. S. based global leader in medical protective equipments has collaborated with giant automobile manufacturer Ford to transform auto manufacturing facility into respirators manufacturing plant.

Key Companies Profiled: