The Eastern Europe, Central & Eastern Asia and Middle East & Africa healthcare PPE Market was valued at USD 4,892.3 Million in 2019 and is projected to reach USD 22,826.7 Million by 2027, expanding at a CAGR of 21.8% during the forecast period. In terms of volume the healthcare PPE market is anticipated to grow approximately by CAGR of 21.5% over the coming years. Personal protection equipment (PPE) has recently become a fairly common acronym in healthcare provider’s lexicons, even though it has been common in fire departments, emergency medical departments (EMS), and the military for quite some time. Fundamentally, PPE helps ensure that individuals are protected from physical hazards that they can experience in their work environment. The PPE can be used to protect workers from general environmental hazards (such as high temperatures and noise), particular workplace hazards (including dropping objects and falls from heights), or risks to emergency circumstances (such as infectious agents and hazardous chemical). No equipment is suitable for all everyone; however, it needs to be chosen and used appropriately in compliance with use and risk levels.
Market Dynamics
Rapidly rising numbers of COVID-19 cases worldwide have resulted in inadequate stocks of personal protective equipment for healthcare, in particular respirators and masks. Besides, the availability of protective garments and facial and eye protection used by healthcare workers is expected to deplete due to the increasing demand for healthcare PPE. Rapid technological developments in the field of surgery, such as high-reliability organization (HRO), scientific innovations, and standardization practices, are expected to fuel the market, significantly boosting the need for healthcare PPE. Conversely, the lack of adequate disposal methods for personal health security devices in different economies is projected to impede the market growth.
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Regional Outlook
In terms of regions, the market is fragmented into Eastern Europe, Central & Eastern Asia, and Middle East & Africa. Central & Eastern Asia is a promising region for the market. In terms of value the region constituted 33.5% share of the market in 2020. Additionally, the market in the region is projected to expand at a CAGR of 22.7% during the forecast period due to increasing political focus on the healthcare industry by promoting and investing in the manufacturing of medical devices and healthcare facilities.
Competitive Landscape
- Key players in the market include 3M, Medtronic, Baxter, Stryker, Top Glove Corporation Bhd, Dupont, and ANSELL LTD. These companies are considered manufacturers of Healthcare PPE based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
- The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity for the Healthcare PPE is added in the company’s capacity.
- In July 2019, KCWW partnered with Dallas Zoo to help keep Nitrile Gloves out of landfills. The KCWW RightCycle Program, the Dallas Zoo, has increased the overall impact of sustainability effort by providing a safe and renewable way to dispose the nitrile gloves.
- In June 2019, Semperit AG Holding expanded its mixing activities in Poland. This action of the company helps to increase its presence in Poland.
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