Medical Protective Equipment Market Size

Medical Protective Equipment Market Analysis

The Medical Protective Equipment Market size is estimated at USD 40.90 billion in 2024, and is expected to reach USD 55.82 billion by 2029, growing at a CAGR of 6.42% during the forecast period (2024-2029).

• The COVID-19 pandemic led to an increase in the adoption of new safety protocols and the utilization of personal protective equipment (PPE), such as gloves, masks, and gowns. According to an article published in the journal ASA Publications in April 2021, the surge in COVID-19 infections resulted in increased usage of medical protective equipment, like masks and gloves.
• However, with a decrease in COVID-19 cases in the current scenario, the demand for this equipment may stabilize compared to the beginning of the pandemic. Nonetheless, the emergence of new strains of COVID and the significant risk of infection is expected to drive the demand for protective equipment like masks and gloves globally.
• Several factors are driving the growth of the market, including the rising adoption of cost-effective surgical procedures and increasing awareness of maintaining safe hygiene practices. An article published by the Journal of Health Medicine and Primary Care in December 2022 reported the increasing public awareness and government regulations regarding the use of face shields and masks among people in public places in the United States. Such regulations and public awareness are contributing to the growth of the studied market.
• The rising adoption of cost-effective and innovative surgical procedures is also propelling the growth of the market. According to data published by CIHI in 2021, 51,660 hip replacement surgeries, 51,599 knee replacement surgeries, and 50,415 cases of fractures were reported in Canada during 2020-2021. Similarly, the data published in the Journal of Surgical Research in October 2021 showed that the total number of burn patients in Africa was 44,369. Therefore, increasing cases of acute wounds may propel the demand for surgeries, which may increase the demand for medical protective equipment in the country, thereby surging the market's growth over the forecast period.
• Moreover, collaboration and partnerships are leading to the development of better medical protective equipment, contributing to the growth of the studied market. In March 2021, McMaster University's Centre of Excellence in Protective Equipment and Materials reported collaboration with the pharmaceutical industry to improve personal protective equipment. Such collaborations are leading to the development of better products, thus contributing to the growth of the studied market.
• Therefore, due to the increasing number of surgeries, a growing number of hospital visits and outbreaks, and rising awareness of maintaining safe hygiene practices, the market is expected to witness significant growth over the forecast period. However, issues regarding disposal and awareness may slow down the growth of the studied market.