Many countries are involved in manufacturing of PPE products. Among which, China is the largest producer. According to the UNICEF, China produces approximately 50% of global surgical masks. Other countries include Taiwan which produces around 20% of global supply of face masks alone followed by India, Mexico, U.S., Japan, Malaysia, Korea, European countries, and others.
Rising number of cases of corona virus is increasing the demand of PPE across the globe. According to the UNICEF, the demand for PPE products has surged 1000-2000 fold. Earlier in 2017-2019, the annual demand for coveralls and gowns by low and middle-income countries sourced by UNICEF did not exceed 50,000 units. However, the current demand for three months of these products is around 25 million. Similarly, for different types of facemasks, earlier the annual average procurement sourced by UNICEF was not more than 25000 units but now it has exceeded 55 million due to this target disease.
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Leading players of the global Smart Personal Protective Equipment (PPE) market are analyzed taking into account their market share, recent developments, new product launches, partnerships, mergers or acquisitions, and markets served. We also provide an exhaustive analysis of their product portfolios to explore the products and applications they concentrate on when operating in the global Smart Personal Protective Equipment (PPE) market. Furthermore, the report offers two separate market forecasts – one for the production side and another for the consumption side of the global Smart Personal Protective Equipment (PPE) market. It also provides useful recommendations for new as well as established players of the global Smart Personal Protective Equipment (PPE) market.
In 2020, the outbreak of COVID-19 pandemic has created a favorable impact on the PPE market as the demand for masks, respirators, protective clothing, and gloves have increased significantly not limited to healthcare sector but also to other industries. Additionally, accelerating economic development and rising demand for disposable sleeves and gloves in surgeries would support this growth.
On the basis of product type, PPE is bifurcated into hand protection, respiratory protection, fall protection, eye & face protection, protective footwear and protective clothing.
Major healthcare PPE manufacturers have ramped up production in order to meet the growing demand. Some governments have encouraged or compelled non-traditional manufacturers to help in these efforts; other companies have volunteered. Incidents of counterfeit and substandard PPE products entering the market are on the rise, creating safety concerns among healthcare workers, patients, and other consumers.
Lessons learned from this pandemic will help in preparedness planning for future crises, and present short-and long-term growth opportunities for manufacturers. Governments are promising to build healthcare PPE stockpiles and already are making bulk purchases; some are relaxing policies to allow for non-medical-grade PPE to be used in emergencies.
The global PPE market is forecasted to grow at a healthy rate over the forecast period (2020-2024) owing to a spike in the number of accidents in workplaces in various countries, tough protocols pertaining to safety and heightened awareness due to onsite training.