Which Growth Drivers are Transforming the Healthcare Personal Protective Equipment Sector?
Increasing focus on eco-friendly and reusable PPE alternatives drives mergers & acquisitions
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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.
Regionally, Rest of the World (ROW) led the global healthcare PPE market in 2020 with a revenue share of 41.3%, generating approximately $7.92 billion. North America followed ROW with revenue share of 30.2%. Western Europe had the smallest revenue of $5.46 billion.
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