The global medical clothing market size 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. 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. 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.
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.
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.
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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.
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.
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.
Source: Globenews Wire
