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Global medical protective equipment market will experience a major upturn in 2022 and onwards, amid the global COVID-19 pandemic, reaching a projected valuation of over US$ 41 Bn through 2030.
The growing pandemic of community infections owing to emergence of new pathogens is expected to increase the demand of medical protective equipments in the global market. This rising number of community and hospital acquired infections will drive market growth in the near future, says a new Future Market Insights (FMI) report.
Key manufacturers operating in the market offer a wide range of products such as medical masks, gloves, protective clothing, gowns and other products. Owing to non-availability of treatment for new pathogen infections and significant lag phase between the emergence of new pathogen and development of effective treatment, there has been an increasing demand for medical protective equipment, creating an absolute opportunity for growth of the medical protective market.
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Covid-19 Pandemic Crisis Fosters Demand
Sudden virus pandemic situation has created huge gap between supply and demand of medical protective equipments. Recently in December 2019, Covid-19 pandemic has been emerged across the global geographies. This highly-transmissible respiratory disease has significantly rise the unmet demand of medical masks, gloves and other protective equipments.
For instance, according to WHO study, WHO has advised personal protective equipment industry and governments to increase manufacturing by 40% to meet rising global demand of personal protective equipment (PPE) amid global Covid-19 outbreak.
Key Takeaways of Medical Protective Equipment Market Study
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Manufacturing Collaborations Preferred to Tackle Massive Demand Growth
Leading manufacturers in the medical protective equipment market are extensively focusing on expansion of their manufacturing capabilities in the disruptive demand. Government is actively encouraging local manufacturers to prioritise an emergency demand of medical protective equipments in the public hospitals and other healthcare set-ups.
For instance, in March 2020, the 3M Company, the U. S. based global leader in medical protective equipments has collaborated with giant automobile manufacturer Ford to transform auto manufacturing facility into respirators manufacturing plant.
Medical Protective Equipment Market by Category
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Explore FMI’s Extensive ongoing Coverage on Healthcare Domain:
Staphylococcus Aureus Testing Market: The staphylococcus aureus testing market is likely to cross the estimated market value of US$ 6.66 Billion by 2032, while it thrives in the global market at a lower CAGR of 4.9% (2022-2032). The market holds a revenue of US$ 3.94 Billion in 2022
Catheter-Directed Thrombolysis Market: The global catheter-directed thrombolysis market is anticipated to be valued at US$ 432.0 Million in 2022, forecast to grow at a CAGR of 5.9% to be valued at US$ 814.0 Million from 2022 to 2032
Air Fluidized Therapy Beds Market: Global air fluidized therapy bed sales are expected to reach US$ 625.3 Million in 2022, forecast to grow at a CAGR of 6% to be valued at US$ 1185.6 Million from 2022 to 2032
COPD Therapeutics Market: The global COPD therapeutics market garnered a market value of US$ 11,668.8 Million in 2022 and is expected to accumulate a market value of US$ 20,127.7 Million by registering a CAGR of 5.6% in the forecast period 2022-2032
Lung Disease Therapeutics Market: The global lung disease therapeutics market garnered a market value of US$ 79,833.6 Million in 2022 and is expected to accumulate a market value of US$ 145,960.2 Million by registering a CAGR of 6.21% in the forecast period 2022-2032
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 9-years.
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The post Medical Protective Equipment Market is Expanding at a CAGR of 10.4% during forecast period by 2030 appeared first on Future Market Insights.
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