The COVID-19 Pandemic’s Impact on the Global Healthcare Personal Protective Equipment Market

The COVID-19 Pandemic’s Impact on the Global Healthcare Personal Protective Equipment Market

Persistent Demand to Safeguard Frontline Workers and Longer-Term Calls to Replenish Stockpiles Present Opportunities for Manufacturers

RELEASE DATE
17-Jun-2020
REGION
Global
Research Code: K507-01-00-00-00
SKU: PP00197-GL-MT_24503

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Description

The healthcare personal protective equipment (PPE) industry has witnessed unprecedented global demand for its products during the COVID-19 pandemic. Government stockpiles in some countries quickly proved inadequate as healthcare facilities became overwhelmed with patients. Healthcare PPE demand has gone beyond available inventories for most products, with order backlogs ranging from 6 to 12 months creating bottlenecks for manufacturers.

Face masks and gloves accounted for the lion’s share of market revenue in 2019, and this will remain the case in 2020. Frost & Sullivan projects revenue for surgical masks and exam gloves to witness faster growth because of the surge in use. Higher demand for coveralls/gowns and goggles/face shields will boost revenue globally, but much will depend on the capability of supply chain to meet this demand.

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. Manufacturers will be under renewed pressure to build domestic production capacities and surge capacities to reduce the dependence on imports. Frost & Sullivan expects industrial PPE companies to become more active in the healthcare PPE space.

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Table of Contents

Strategic Imperatives

Strategic Imperatives (continued)

Strategic Imperatives that Influence the Healthcare PPE Industry

COVID-19 Fast Facts

Impact of Lockdowns on Key Industries

COVID-19’s Expected Economic Effects in 2 Scenarios

Healthcare PPE Market Growth Metrics and Segment Breakdown

Growth Environment

Market Share by Product Segment

Healthcare PPE Industry Trends

Blurring of Industry Lines and Increasing Competition

Surgical Mask/N95 Respirator Segment Overview

Surgical Mask/N95 Respirator Overview

Surgical Mask/N95 Respirator Segment Discussion and Prominent Participant Activities

Surgical Glove/Examination Glove Segment Overview

Surgical Glove/Examination Glove Overview (continued)

Surgical Glove/Examination Glove Segment Discussion and Prominent Participant Activities

Coveralls/Gown Segment Overview

Coveralls/Gown Segment Overview (continued)

Coveralls/Gown Segment Discussion and Prominent Participant Activities

Goggles/Face Shield Segment Overview

Goggles/Face Shield Segment Overview (continued)

Goggles/Face Shield Segment Discussion and Prominent Participant Activities

Growth Opportunities

Growth Opportunity 1: Reduce Dependency on Imports of PPE and Focus on Regional Capacity Additions

Growth Opportunity 1: Reduce Dependency on Imports of PPE and Focus on Regional Capacity Additions (continued)

Growth Opportunity 2: Collaboration among PPE Value Chain Participants Will Bolster Supplies and Stabilize Growth

Growth Opportunity 2: Collaboration among PPE Value Chain Participants Will Bolster Supplies and Stabilize Growth (continued)

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The healthcare personal protective equipment (PPE) industry has witnessed unprecedented global demand for its products during the COVID-19 pandemic. Government stockpiles in some countries quickly proved inadequate as healthcare facilities became overwhelmed with patients. Healthcare PPE demand has gone beyond available inventories for most products, with order backlogs ranging from 6 to 12 months creating bottlenecks for manufacturers. Face masks and gloves accounted for the lion’s share of market revenue in 2019, and this will remain the case in 2020. Frost & Sullivan projects revenue for surgical masks and exam gloves to witness faster growth because of the surge in use. Higher demand for coveralls/gowns and goggles/face shields will boost revenue globally, but much will depend on the capability of supply chain to meet this demand. 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. Manufacturers will be under renewed pressure to build domestic production capacities and surge capacities to reduce the dependence on imports. Frost & Sullivan expects industrial PPE companies to become more active in the healthcare PPE space.
More Information
No Index No
Podcast No
Author Anjan Kumar Roy
Industries Personal Protective Equipment
WIP Number K507-01-00-00-00
Is Prebook No
GPS Codes 9100-A2,9310,9595