Disposable PPE Market Set to Register a CAGR of 2.3% and Reach US$ 22.23 Billion by 2031 – Growth Plus Reports
Newark, New Castle, USA, April 23, 2023 (GLOBE NEWSWIRE) -- According to a recent Growth Plus Reports assessment, the Disposable PPE Market is estimated to reach US$ 22.23 billion by 2031, with a revenue CAGR of 2.3%. The report examines the vital growth strategies, factors and prospects, competitive scenarios, shifting industry trends, market dynamics, data and forecasts, and ideal investment regions.
Key Takeaways:
Increased prevalence of infectious diseases such as COVID-19 will drive market revenue growth.
Europe will register the fastest revenue growth in the global disposable PPE market.
The need for protection against infectious diseases in hospitals will fuel the growth of the market.
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Disposable PPE Market Scope
Report Attribute | Details |
Market size value in 2022 | US$ 18.12 billion |
Revenue forecast in 2031 | US$ 22.23 billion |
Growth Rate | CAGR of 2.3% from 2023 to 2031 |
Base Year for Estimation | 2022 |
Forecast Period | 2023-2031 |
Historical Year | 2021 |
Segments Covered | Product type, End User, and Region. |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Market Drivers
The growth of new and resurgent infectious diseases is the major factor driving the revenue growth of the global disposable PPE market. Furthermore, rising public awareness, stringent government restrictions, and the usage of personal protective equipment (PPE) across a variety of industries, including healthcare, food processing, pharmaceuticals, and manufacturing, to protect employees from dangerous materials, chemicals, or infectious agents contribute to the market's revenue growth rate.
Market Segmentation
Growth Plus Reports has analyzed the global disposable PPE market from four perspectives: Product type, End User, and Region.
Product Type Segmentation: Based on the product type, the global disposable PPE market is segmented into protective clothing, respiratory protection, face protection, eye protection, and hand protection. The protective clothing segment dominates the market with the largest revenue share because of the rising demand for gowns and coveralls.
End-User Segmentation: Based on the end-user, the global disposable PPE market is segmented into hospitals, home healthcare, outpatient/primary care facilities, and others. The hospital segment dominates the market because hospitals are among the most frequent consumers of disposable PPE because they treat patients with a variety of infectious diseases, including COVID-19.
Regional Growth Dynamics
Based on the region, the global disposable PPE market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Europe is expected to dominate the global disposable PPE market with the largest revenue share. The dominance of Europe can be attributed to the huge healthcare industry, a high degree of understanding of infection control methods, and rigorous government regulations.
Competitive Landscape
The prominent players in the global disposable PPE market are:
3M Company
Alpha Pro Tech, Ltd
Ansell Ltd.
Honeywell International Inc.
Medisca Inc.
Kimberly-Clark Corporation
O&M Halyard, Inc.
Cardinal Health, Inc.
Medline Industries, LP.
DuPont
Pan Taiwan Enterprise Co., Ltd.
SafeSource Direct, LLC
The disposable PPE market is extremely competitive, with many players involved. Market leaders increasingly use mergers, collaborations, and acquisitions to increase their market share and launch new drugs and products.
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Recent developments:
SafeSource Direct launched its newest American-made personal protective equipment (PPE) product in March 2023: a nitrile exam glove with maximum feel and sensitivity. The approximately 3.5 mil thick chemo-rated nitrile exam gloves have FDA 510(k) approval and give excellent tactile sensation at a price point that meets the needs of busy medical practitioners who use gloves on a regular basis.
Honeywell launched two new NIOSH-certified respiratory products to aid healthcare workers in May 2022. Honeywell’s range of protective equipment (PPE) for healthcare personnel has been expanded with new products that use the company’s decades of experience in manufacturing respiratory-protection solutions.
Table of Content
INTRODUCTION
Market Ecosystem
Timeline Under Consideration
Historical Years – 2021
Base Year – 2022
Forecast Years – 2023 to 2031
Currency Used in the Report
RESEARCH METHODOLOGY
Research Approach
Data Collection Methodology
Data Sources
Secondary Sources
Primary Sources
Market Estimation Approach
Bottom Up
Top Down
Market Forecasting Model
Limitations and Assumptions
PREMIUM INSIGHTS
Current Market Trends (COVID-19 Perspective)
Key Players & Competitive Positioning (2022)
Regulatory Landscape
MARKET DYNAMICS
Drivers
Restraints/Challenges
Opportunities
GLOBAL DISPOSABLE PPE MARKET - ANALYSIS & FORECAST, BY PRODUCT TYPE
Protective Clothing
Respiratory Protection
Face Protection
Eye Protection
Hand Protection
Others
GLOBAL DISPOSABLE PPE MARKET - ANALYSIS & FORECAST, BY END USER
Hospitals
Home Healthcare
Outpatient/Primary Care Facilities
Others
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VALUE PROPOSITIONS RELATED TO THE REPORT:
Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
Comprehensive quantitative and qualitative insights at segment and sub-segment level
Covid 19 impact trends and perspective
Granular insights at global/regional/country level
Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
Blanket coverage on competitive landscape
Winning imperatives
Exhaustive coverage on 'Strategic Developments' registered by leading players of the market
CUSTOMIZATION OPTIONS:
Distributor Landscape Assessment
Pricing Intelligence
Customer Base Assessment
Investment & Initiatives Analysis
'Business Profile' of Key Players
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