Medical Clothing Market is expected to grow by US$ 174.58 billion … – GlobeNewswire
| Source: Growth Plus Reports
Udaipur, INDIA
Newark, New Castle, USA, Feb. 01, 2023 (GLOBE NEWSWIRE) — As per the report published by Growth Plus Reports the Global Medical Clothing Market was estimated at US$ 90.3 billion in 2021 and is expected to surpass a valuation of US$ 174.58 billion by 2030, progressing at a CAGR of 7.6% from 2022 to 2030. The report provides a detailed analysis of top winning strategies, drivers & opportunities, competitive scenario, wavering market trends, market size, statistics & estimations, and major investment pockets.
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Medical clothing is required in the healthcare industry for physicians, nurses, and other medical personnel to prevent the transmission of infections and illnesses. Medical clothing is also required by surgeons and other healthcare personnel who work with patients and laboratories to enhance cleanliness and sanitization. Furthermore, medical clothing are also offered to patients; these products are often made of cotton and are both comfortable and useful. Drapes, surgical gowns, scrubs, protective face masks, boots, eye protection, headgear, and other items are examples of medical apparel.
Market Drivers
Increased incidences of lethal viruses such as COVID-19, SARS, avian influenza, swine flu, and others have prompted individuals to take required precautions to stop the transmission of viruses. Such pathogens often adapt and shift hosts, therefore physicial barrier is the most preferred option for infection prevention. This fact is stimulating the expansion of the medical clothing industry. Furthermore, the growing research and development activities involving the study of fatal viruses necessitate the use of highly protective medical apparel, boosting the market expansion. Furthermore, an increase in incidences of hospital-associated infections also has an influence on market development. Additionally, the rise in demand for medical clothing, novel product development technologies, and the presence multitude of international and local players also contributes to the growth of the medical clothing market. Moreover, the rise in the number of hospitals & other healthcare service centers, increased access to healthcare facilities globally, and increased healthcare expenditure drives the growth of the global medical clothing market.
The global medical clothing market has been analyzed from three perspectives: Product, End user, and Region.
Excerpts from ‘By Product Segmentation
Based on products, the global medical clothing market has been segmented into:
Protective apparel is estimated to depict lucrative growth during the projected timeline. The high need for protective apparel due to increased incidence of airborne infections is a major influencing factor in the growth of protective apparel segment. The protective apparel reduces the danger of infection and viral transmission via person-to-person. Personal protective equipment (PPE), which comprises head protective gear, eye-protection glasses, hand gloves, and full-face masks, another type of protective clothing. These factors, consequently encourage the growth of personal protective equipment segment, thereby propelling the overall medical clothing market growth.
Excerpts from ‘By Region Segmentation’
Based on regional demarcation, the global medical clothing market is segmented into:
North America dominates the global market with the highest revenue share. The North America medical clothing market growth may be ascribed to high healthcare expenditure and an high volume of surgical procedures performed in the area. According to Investopedia, in 2020, healthcare spending in the United States was expected to increase by 10%, accounting for almost 20% of the total GDP (Gross Doestic Product). Also, in U.S. the overall expenditure was ~US$ 4 trillion, with ~US$ 12,000 spent per capita in 2020.
During the forecast period form 2022 to 2030, Asia Pacific medical clothing market is predicted to develop rapidly. The region’s market is expected to be benefited from rapidly evolving healthcare infrastructure as well as burgeoning need regarding patient safety and hygiene. Additionally, the increased production of medical apparel by bith major market players and local manufacturers, at competitive prices has a significant influence on industry growth. Furthermore, the presence of medical apparel producers in expanding markets such as India and China stimulates growth in Asia Pacific. Simultaneously, Latin America, the Middle East, and Africa are likely to rise steadily as governments are consistently increasing their healthcare budgets/expenditure.
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Excerpts from ‘Competitive Landscape’
The prominent players operating in the global medical clothing market are:
Table of Content
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