Pune, India, May 25, 2021 (GLOBE NEWSWIRE) -- The global medical clothing market size is expected to showcase considerable growth by reaching USD 140.64 billion by 2028 while exhibiting a CAGR of 5.9% between 2021 and 2028. This information is published by Fortune Business Insights in its report, titled “Medical Clothing Market, 2021-2028.” The report further mentions that the market stood at USD 86.14 billion by 2020. Factors such as the rising incidence of pandemic outbreaks and the growing focus on upgrading healthcare settings will bode well for the adoption of the product globally.
Market to Exhibited a Growth Rate of 36.1% in 2020 amid Rapid Surge of COVID-19 Cases Worldwide
The rapid surge in the COVID-19 cases globally had led the healthcare sector to completely focus on the well-being of the patients. The primary focus on reducing the impact of the virus and proactive government efforts to spread awareness regarding safety and hygiene has led to significant investment in the medical apparel category. For instance, in April 2020, China announced the production of 116 million masks per day, a 12 times surge in the capacity pre-pandemic. This propelled the market to exhibit a growth rate of 36.1% in 2020.
Industry Development:
- January 2021 – Calgary Designer Nina Kharey, announced the launch of Folds. The product is a new line of sustainable antimicrobial and antiviral scrubs for several healthcare professionals.
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Rising Incidence of Chronic Ailments to Favor Market Growth
The rise in chronic diseases has led to an uptick in the number of patients worldwide. However, patients that are being treated in the hospital have chances of contracting hospital-acquired infections (HAI). For instance, according to the World Health Organization (WHO), 10% hospitals in developing countries and about 7% of them in developed countries register at least one case of HAI at any given time. This has led to the increasing focus on improving the healthcare infrastructure and maintaining optimum hygiene. This is anticipated to favor the global medical clothing market growth during the forecast period.
Product Innovation by Key Players to Amplify Their Market Positions
The market is experiencing healthy competition between key players that are striving to establish their footprint by developing advanced medical clothing products. Moreover, other companies are focusing on maintaining their presence by adopting strategies such as collaboration, merger and acquisition, and partnership to gain a competitive edge over their rivals
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What does the Report Provide?
The global market for medical clothing report provides a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point Analysis and PESTEL to obtain information about the current trends and industry developments that will drive the market growth in the forthcoming years.
High Production and Distribution of Medical Apparel to Augment Growth in Asia Pacific
Asia Pacific is expected to experience massive growth during the forecast period. The improving healthcare infrastructure coupled with awareness about patients' safety and hygiene will boost the market in the region. Moreover, the increasing manufacturing of medical products by prominent players will have an outstanding impact on the market. In addition, the presence of medical apparel manufacturers in emerging countries such as India and China incite development in Asia Pacific. Latin America, and the Middle East, and Africa are expected to experience steady growth due to the increasing healthcare investments by governments in the regions.
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Market Segmentation:
Based on the product, the market is divided into surgical drapes, scrubs and gowns, gloves, facial protection, sterilization wraps, protective apparels, and others.
- On the basis of the product, the surgical drapes segment held a global medical clothing market share of about 31.5% in 2020 and is expected to experience significant growth during the forecast period. This is due to the high adoption of surgical drapes that aid in protecting the medical professionals from the blood-borne pathogens while treating the patients.
Moreover, based on the end-user, the market is trifurcated into hospitals & physicians’ offices, outpatient facilities, and others. Lastly, based on the region, the market is segregated into North America, Asia-Pacific, Latin America, Europe, the Middle East and Africa.
The Report Lists the Key Players in this Market:
- Cardinal Health, Inc.(U.S.)
- Halyard Health (U.S.)
- Barco Uniforms (U.S)
- Superior Uniform Groups (U.S)
- Semperit AG Holding (Austria)
- Ansell Healthcare LLC (Australia)
- 3M company (U.S)
- Medline Industries (U.S)
- Mölnlycke Health Care (Sweden)
- 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, 2017–2028
- 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 End-user
- Hospitals
- Outpatient Facilities
- Physicians Offices
- Others
- Market Analysis, Insights and Forecast – By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- North America Medical Clothing Market Analysis, Insights and Forecast, 2017–2028
- 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 End-user
- Hospitals
- Outpatient Facilities
- Physicians’ Offices
- Others
TOC Continued…..!!!
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