The Personal Protective Equipment Market was valued at USD 15.32 billion in 2020, and it is expected to reach USD 33.07 billion by 2026, registering a CAGR of 12.09% during the forecast period (2021-2026). The increasing number of COVID -19 cases, along with the rising industrial awareness of employee protection at the workplace, are the major factors driving the growth of the personal protective equipment market. Moreover, the development of better and improved quality of pharmaceutical drugs in clinical labs has increased the requirement of personal protective equipment (PPE) in the healthcare sector.
- OSHA requires that many categories of PPE meet or be equivalent to standards developed by the American National Standards Institute (ANSI). With ANSI preparing safety standards since the 1920s, the protection of the heads and eyes of industrial workers was approved back then. Falling is one of the leading causes of death on construction sites, therefore, using appropriate protective gear like a safety harness or respirators for protecting the lungs becomes important from hazardous gases, vapors, and particles.
- Whereas, in specific to Personal Protective Equipment across Infection Control purposes, required PPE with intention for use across medical space must follow FDA's regulations. Also, on the vendor front, adherence to meet applicable voluntary consensus standards for protection is applicable across surgical masks, N95 respirators, medical gloves, and gowns.
- Similar activity is led by European Commission by laying down notified body requirements for the conformity assessment procedures applicable to risk categories II and III equipment. In particular, respiratory protection face masks used in the COVID-19 context (FFP2 or FFP3 masks18) fall in category III and requires a notified body involved in the conformity assessment procedures prior to placing these products on the EU market.
- The Occupational Safety and Health Administration (OSHA) have been at the forefront of publishing standards for ensuring continual improvement of health and safety at workplaces. Other organizations, such as Association for Professionals in Infection Control and Epidemiology (APIC) and Association for Advancement of Medical Instrumentation (AAMI) offer widely accepted classification for the use of protective apparel based on the surroundings. These standards provide guidelines for protective clothing in health and R&D centers.
- Moreover, surging demand, partly joined with panic buying, hoarding, and misuse of personal protective equipment (PPE), has disrupted global supplies and risked lives across the world. World Health Organization (WHO) estimates that 89 million medical masks are required for the COVID-19 response each month, along with 76 million examination gloves and 1.6 million medical goggles. WHO also estimates that the industry must increase manufacturing by 40% and urges governments to act quickly to boost supply and is expected to fuel the PPE market in a short duration.
- With COVID-19 pandemic affecting nearly 16.8 million people globally (as of July 29, 2020). The current global COVID-19 outbreak has created an unprecedented demand for healthcare safety and prevention products, such as gloves, face masks, coveralls, gowns, goggles, and face shields. Spread of COVID-19 being attributed to contact, droplet infection, airborne, and faeco-oral. Coughing and sneezing, requires the person to use face masks to reduce droplet and airborne spread.
- The Official UK guidance released in February 2020 claimed that standard and respirator masks provide 80% protection against SARS-CoV-2. By March 2020, Public Health England amongst other significant associations around the world have issued guidance on when to use the different kinds of masks and for different situations.
Key Market Trends
Surgical Masks and N95 Respirators to Experience Significant Growth
- The surgical masks are personal protective equipment used to protect the wearer from airborne particles and from liquid contaminating the face, as a mainstream application. Whereas, a study conducted by the NIOSH revealed that nearly 78% of respondents reported using surgical masks for one or more hazards, which recorded applications toward 14% for ribavirin and over 90% for surgical smoke.
- Therefore, surgical masks have been used across situations where respiratory protection is recommended, for instance, compounding or administering antineoplastic drugs and working in the vicinity of surgical smoke. While a surgical mask may be effective in blocking splashes and large-particle droplets, blocking of very small particles transmitted by coughs, sneezes, or certain medical procedures makes these masks not intended to be used more than once. Despite the same, across Florida, hospitals are witnessed handing out loose-fitting surgical masks to workers treating newly admitted patients which could be asymptomatic carriers.
- The N95 Respirators on the other hand, are similar to European based FFP2 and FFP3 standard masks which are recognized ideal for protecting nose and mouth area from imparting or inhaling the virus led particles. With wearing of face masks becoming usual and ubiquitous, not only in hospitals but also in the community, the COVID-19 has led the general public to overconsuming surgical and N95 masks irrespective of their specificity. This has led to immense supply shortages for healthcare workers in the frontline of patient care, as being reported across several countries.
- FEMA distributed critical PPE, via 249 flights delivering over 122 million surgical masks and 5.3 million N95 respirators across the United States, as of July 2020. Whereas, a New Britain warehouse is struggling to create a 90-day stockpile of personal protective equipment for medical personnel as of July 2020, in advance of increased future requirements (worsening reported cases in Connecticut). Similarly, State and hospital officials across Connecticut are tormented with growing US demand for critical coronavirus-related surgical masks
North America will Experience Significant Growth and Drive the Market
- Growing occupational accidents along with the requirement for highly durable mechanical wear resistance and protective gear in oil & gas, automotive, refining, and metal manufacturing businesses should drive the personal protective equipment market trends. Increasing workplace hazards along with poignant regulatory framework by OSHA to assure employee safety should drive market growth in North America.
- North America is experiencing industrialization at expanding pace that has led to an increase in the number of manufacturing procedures and protocols several proportions due to which personal protective equipment companies are focusing on designing unique protective wear to ensure optimum safety for workers.
- As the manufacturing sector involves several primary and auxiliary processes for welding and metal manufacturing, workers are often exposed to an environment that can result in worksite accidents. According to the Bureau of Labor Statistics (BLS) reported 5,147 workplace fatalities in the US in 2017. Among these fatalities, 887 were due to fatal falls, which is the highest level reported in the 26-year history of the Census of Fatal Occupational Injuries.
- Stringent government regulations regarding worker safety have forced companies to inculcate personal protective equipment and prevent any fatalities and are expected to strengthen its demand in the future.Moreover, the United States, as of June 2020, has the highest number of COVID 19 patients due to which there is a spike in demand for PPE for healthcare applications in the United States has attracted many investments in the market.
- For instance, in May 2020, The Department of Defense, in coordination with the Department of Health and Human Services, has signed a USD 126 million contract award with 3M for the increased production of 26 million N95 medical-grade masks per month in response to the COVID-19 outbreak. Moreover, in January 2020, the company already ramped up production of respirators and doubled its global output to 1.1 billion per year, including 35 million N95 masks per month in the United States.
- In addition, technological innovation and growing consumer preference for personal protective equipment that blends safety and fashion are anticipated to increase market growth. Also, In Canada, The Ontario government has spent CAD 200 million in purchases of medical supplies, including four million face shields, 100 million surgical masks, and 20 million gowns.
The Personal Protective Equipment Market is concentrated and is dominated by a few major players like 3M Company, Honeywell International, Inc., Alpha Pro Tech, Ansell Ltd., and Avon Protective Systems. These major players, with a prominent share in the market, are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. However, with technological advancements and product innovations, mid-size to smaller companies are growing their market presence by securing new contracts and by tapping new markets.
- July 2020 - In order to help the world respond toward COVID-19, 3M and researchers at MIT began testing a new rapid test that can detect the virus. Accelerated research has been underway to learn if a simple-to-use, the diagnostic device can produce highly-accurate results within minutes and is feasible to be mass manufactured.
- June 2020 - The Neenan Company teamed up with Liberty Common High School (LCHS) to help address the shortage of medical equipment created by the COVID-19 pandemic. Using LCHS’ 3D printing studio, volunteers from both organizations have created more than 800 face shields and 600 ear guards to support increased demand for personal protective equipment (PPE) at frontline healthcare facilities.
- June 2020 - The Ontario government is investing USD 2.8 million in manufacturers to ramp up production for personal protective equipment (PPE) to help frontline workers and communities stay safe during the COVID-19 pandemic.
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1.2 Scope of the Study
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Assessment of Impact of COVID-19
4.3.1 Production Dynamics (new production capacities, pure play PPE vendors vs other production facilities)
4.3.2 Import/Export regulations due to COVID-19
4.3.3 Top 10 PPE Importing and Exporting Countries (in USD Thousands) - 2015 To 2019, 2020 (January To May) (to include products like gloves, suits, aprons, protective eyewear and goggles, masks, and other PPE products)
4.4 MARKET DYNAMICS
4.4.1 Market Drivers
220.127.116.11 Growing Incidence of Pandemics and Epidemics
18.104.22.168 Rising Adoption of Cost-effective and Innovative Surgical Procedure
4.4.2 Market Challenges
22.214.171.124 Issues regarding Disposal and Awareness
126.96.36.199 Supply Shortages
5.1.1 Surgical Masks
5.1.2 Respirator Masks (US-based Filter Class (Covers Analysis of Filter Class, such as N-Series, P-Series, and RSeries) and European Filter Class (Covers Analysis of Filter Class, such as FFP1, FFP2, and FFP3))
5.1.4 Suits or Coveralls
5.1.6 Other Products (Protective eye wear and goggles etc.)
5.2.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 Rest of Asia-pacific
5.2.4 Rest of The World
22.214.171.124 United Arab Emirates
126.96.36.199 Saudi Arabia
6.1.1 3M Company
6.1.2 Ansell Limited
6.1.3 Cardinal Health Inc.
6.1.4 DuPont de Nemours Inc.
6.1.5 Dynarex Corporation
6.1.6 Honeywell International Inc.
6.1.7 Kimberly-Clark Corporation
6.1.8 Top Glove Corporation Bhd
6.1.9 Microgen Hygiene Pvt Ltd
6.1.10 Prestige Ameritech
A selection of companies mentioned in this report includes:
- 3M Company
- Ansell Limited
- Cardinal Health Inc.
- DuPont de Nemours Inc.
- Dynarex Corporation
- Honeywell International Inc.
- Kimberly-Clark Corporation
- Top Glove Corporation Bhd
- Microgen Hygiene Pvt Ltd
- Prestige Ameritech