Which Growth Drivers are Transforming the Healthcare Personal Protective Equipment Sector?
Increasing focus on eco-friendly and reusable PPE alternatives drives mergers & acquisitions
Click image to view it in full size
The global healthcare PPE market generated revenue of approximately $19.16 billion in 2020. Revenues will increase to $21.97 billion in 2021, as the COVID-19 pandemic continues to drive a growth rate of 14.7%.
The medical gloves segment, comprising surgical and examination gloves, was the largest product segment, increasing 56.6% in 2020 to generate $10.85 billion in revenue. The medical gloves segment will witness 22.8% growth in 2021.
The global healthcare PPE market is highly fragmented, with a number regional manufacturers participating in the PPE business. The reducing margins and increasing competition, which offer larger manufacturers and distributors opportunities for mergers and acquisitions, are challenging smaller and mid-sized companies.
Take your first step towards achieving growth-centric solutions with our
Growth Pipeline Dialog™. Speak to our industry experts in a complimentary open discussion that will spark innovative thinking and growth opportunities that will benefit your organization.
