Pune, April 30, 2020 (GLOBE NEWSWIRE) -- The global medical clothing market is set to gain momentum from the rising incidence of hospital-acquired infections. Besides, the rising awareness campaigns regarding the benefits of clinical clothing would affect the market positively. Fortune Business Insights™ provided this information in a recent report, titled, “Medical Clothing Market Size, Share & Industry Analysis, By Product (Surgical Drapes, Medical Scrubs and Gowns, Gloves, Facial Protection, Sterilization Wraps, Protective Apparels and Others), By Application (Hospitals & Physicians’ Offices, Outpatient Facilities, and Others), and Regional Forecast, 2020-2027.” The report further states that the medical clothing market size was USD 63.3 billion in 2019 and is projected to reach USD 99.9 billion by 2027, exhibiting a CAGR of 5.9% during the forecast period.
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Highlights of the Report
- Analysis of the impact of Covid-19 that the market would face in the near future.
- In-depth analysis of the growth drivers and obstacles.
- Profile of all the companies operating in the market.
- Elaborate data about the dominating region.
- Competitive landscape consisting of mergers & acquisitions, investments, partnerships, new product launches, opening of new facilities, and new contracts.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
To get the short-term and long-term impact of COVID-19 on this Market.
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Drivers & Restraints-
Outbreak of Covid-19 Pandemic to Surge Demand for Medical Clothing
In January 2020, the World Health Organization (WHO) declared that the outbreak of Covid-19 pandemic occurred because of coronavirus. The virus is anticipated to have its origin in snakes or bats. The WHO also tagged Covid-19 as a Public Health Emergency of International Concern (PHEIC). The Centers for diseases control and Prevention (CDC) mentioned that among all the emerging infectious disease that affect humans, around 75% of them originate from animals. Hence, the increasing concerns regarding infectious diseases are likely to boost the medical clothing market growth in the coming years. Besides, zoonotic diseases have a tendency to affect public health worldwide, especially the emerging countries owing to their lack of control strategies. However, medical clothing often has to be approved by the regulatory bodies, such as the FDA. It involved extra expenses. Therefore, it may hinder the market growth.
Segment-
Surgical Drapes, Scrubs and Gowns Segment to Lead Fueled by its Usage in Multiple Healthcare Institutions
In terms of product, the market is divided into protective apparel, sterilization wraps, facial protection, gloves, surgical drapes and gowns, and others. The surgical drapes and gowns segment held 33.0% medical clothing market share in 2019. This growth is attributable to their rising usage in multiple healthcare institutions stoked by their ability to protect the staff from blood-borne pathogens of the patients. Coupled with this, increasing technological advancements, rising hygiene awareness, surging patient pool, and rising awareness regarding infections would contribute to the growth of this segment.
Regional Analysis-
North America to Remain at the Forefront Stoked by Developed Healthcare Infrastructure
The market is geographically fragmented into the Middle East and Africa, Europe, Latin America, Asia Pacific, and North America. Amongst these, North America procured USD 25.5 billion in 2019 and is set to dominate in the forthcoming period. This growth is attributable to the presence of numerous medical clothing manufacturing companies, increasing prevalence of acute and chronic diseases, and developed healthcare infrastructure. Asia Pacific, on the other hand, is estimated to grow rapidly by exhibiting high CAGR on account of the increasing awareness programs amongst the masses regarding hygiene and safety.
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Competitive Landscape-
Key Companies Focus on Acquiring Other Enterprises to Strengthen Position
Various big, small, and medium companies operating in the market are engaging in mergers and acquisition strategy to gain the maximum share and expand their businesses. It is also helping them in catering to the need of their growing consumer bases. Below are a couple of the latest key industry developments:
- November 2019: Ansell Limited teamed up with ProGlove to develop hand protection solutions by using innovative technology. It would enable the right personal protective equipment (PPE) compliance at the workplace.
- November 2018: Superior Uniform Group, Inc. successfully acquired CID Resources Inc. to gain ownership of the rising medical clothing providers and enter into a new segment in the uniform market.
List of Key Companies Operating in the Medical Clothing Market are:
- Cardinal Health, Inc.
- Halyard Health
- 3M Company
- Medline Industries, Inc.
- Superior Uniform Groups
- Semperit AG Holding
- Ansell Healthcare LLC
- Medline Industries
- Mölnlycke Health Care
- Barco Uniforms
- Other prominent players
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Detailed Table of Content:
- Introduction
- Market Scope
- Market Segmentation
- Market Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Overview of COVID-19 Impact on Medical Clothing Market
- Snapshot of Advancement in Products of Medical Clothing
- Key Emerging Trends in Global Medical Clothing Market
- Key Industry Developments - Mergers, Acquisitions, and Partnerships
- Global Medical Clothing Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Surgical Drapes, Scrubs and Gowns
- Gloves
- Facial Protection
- Sterlization Wraps
- Protective Apparel
- Others
- Market Analysis, Insights and Forecast – By Application
- Hospitals
- Outpatient Facilities
- Physicians Offices
- Others
- Market Analysis, Insights and Forecast – By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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