The personal protective equipment (PPE) market has garnered USD 70.9 billion in revenue in 2023, and it is projected to rise at the rate of 4.5% from 2023 to 2030, to capture USD 96.1 billion by 2030. The growth of the market can be credited to the severe guidelines about work-related protection and health and the increasing awareness linked to this problem. Furthermore, businesses throughout the globe are focused on employee safety as a result of the growing count of workplace fatalities.
As per the worldometer.info, global cases of COVID-19 increased to more than 11.6 million on July 06, 2020, from approximately 0.2 million on March 17, 2020. The disease has spread to nearly all nations, and because of this, the count of diseased patients is increasing. This is draining the nation’s healthcare resources, therefore directing a substantial demand for personal protective equipment from healthcare amenities. Hence, the above-mentioned condition is fuelling the PPE industry development currently.
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Makers of gloves are focused on making the atmosphere safer, cleaner, and greener. As per the WHO, the overuse of gloves and other products of clothing to aid in avoiding COVID-19 spread has caused an enormous quantity of healthcare waste across the globe. Each year, this excess goes into landfills and reasons damage to the soil.
Additionally, according to the United Nations International Children's Fund (UNICEF), in the first quarter of 2020, the distribution of 1.8 million surgical masks, more than 6.4 million gloves, and one million gowns was done in nations around the globe.
North America led the global personal protective equipment market in 2023, and it is expected to remain dominant throughout the projection period. This is attributed to the increasing number of fatal accidents in the workplace and growing consciousness about occupational safety among the workers in the region. In addition, the growing government expenses in the healthcare industry will boost the growth of the market.