The massive outbreak of COVID-19 has produced a significant rise in the revenue scale of global personal protective equipment for infection control market. GMI, Inc., predicts the personal protective equipment for infection control industry to garner appreciable gains over 2020-2026, while depicting a CAGR of -19.3 per cent through 2026, perhaps due to expanding number of surgical procedures and rising awareness about personal safety for infectious diseases.
The lucrative growth map of personal protective equipment for infection control market is evident from the surging importance of safety at vivid workplaces lined with stringent regulatory reforms pertaining to the safety standards. Numerous regulatory authorities have addressed safety standards during operations in manufacturing industries and various service organizations like hospitals and research laboratories.
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Moreover, standard operating protocol developed for security and safety against infections at workplace would favor the business growth over the due course of time. Although the PPE for infection control is unveiling new trends across the globe, the complexity and dearth of time in production of these might hamper the industry growth to some extent.
Categorized into products, types, and end-use industries, the personal protective equipment for infection control market across the hand and arm product segment is poised to perform exceptionally well in the ensuing years. For the record, hand and arm personal protective equipment market acquired a business share of $4.2 million in 2019. The momentous growth of this segment can aptly be ascribed to the increasing risk of infection worldwide. Besides, skin disorder, given the direct contact to toxic pathogens and radioactive materials would propel the industry growth in the years ahead.
Considering the type bifurcation, disposable PPE market held a considerable revenue share of 74 per cent in 2019 and is touted to witness appreciable growth during the mentioned timeframe owing to its ability to reduce risk of infection as it is disposed after use.
Elaborating further, personal protective equipment for infection control market from the research and diagnostic laboratories segment is set to accrue phenomenal proceeds in 2020, fundamentally due to the growing R&D activities in order to bring forth advanced solutions for diagnosis and treatment. In addition to this, elevating COVID-19 cases worldwide has enunciated the massive demand for PPE in diagnostic laboratories for effective security and functioning.
Speaking of the regional demographics, the United States is poised to emerge as one of the most remunerative growth regions for personal protective equipment for infection control industry given the current coronavirus outbreak. It has been reported that the country captured an overall business share of more than 90 percent of the North America PPR for infection control market in 2019.
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This growth is ascribed to the expanding development activities paired with rising healthcare spending. It is imperative to mention that, the ongoing disease spread has urged myriad companies to undertake development activities with an aim to offer effective and accurate solutions to abate the infection transmission across the country, while boosting its stance in the global market.
Although the rising patient pool has produced a shortage of PPE, various organizations like 3M Company, Honeywell, and multiple others, have laid their focus on establishing M&As to manage the increasing demand for these. Thus, these strategic initiatives would enhance the industry outlook over the forecast period.
Partial Chapter of the Table of Content
Chapter 5. Personal Protective Equipment for Infection Control Market, By Type
5.1. Key segment trends
5.2. Reusable
5.2.1. Market size, by region, 2015 – 2026 (USD Million)
5.3. Disposable
5.3.1. Market size, by region, 2015 – 2026 (USD Million)
Chapter 6. Personal Protective Equipment for Infection Control Market, By End-use
6.1. Key segment trends
6.2. Hospitals
6.2.1. Market size, by region, 2015 – 2026 (USD Million)
6.3. Ambulatory surgical centers
6.3.1. Market size, by region, 2015 – 2026 (USD Million)
6.4. Research and diagnostic laboratories
6.4.1. Market size, by region, 2015-2026 (USD Million)
6.5. Others
6.5.1. Market size, by region, 2015 – 2026 (USD Million)
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