Global Healthcare PPE Demand Analysis-COVID-19 Impact (Feb-Dec 2020)

Report Description

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Personal Protective Equipment (PPEs) are protective gear designed to safeguard the health of workers by minimizing the exposure to a biological agent. Finding itself in a tight spot, India has started looking at importing Personal Protection Equipment (PPE) kits from China, Singapore and Korea to meet its requirements. While the government’s nodal agency on procurement HLL Lifecare rolled out a tender last week, the government has decided not to wait for the bids to open instead of source it from other countries. All personal protective equipment (PPE) that is intended for use as a medical device must follow The FDA’s regulations and should meet applicable voluntary consensus standards for protection. This includes surgical masks, N95 respirators, medical gloves, and gowns. Since the start of the COVID-19 outbreak, UNICEF has been undertaking a continuous assessment of the impact on sourcing essential and strategic supplies, including those used in the response to the disease such as personal protective equipment (PPE). PPE items are used by frontline healthcare workers in the response and the equipment includes surgical face masks, N95 respirators, gowns, coveralls, gloves, and hand sanitizers.

COVID-19 Cases, Globally

As of April 30, 2020; the total coronavirus cases topped 3.3 million as more than 86,037 more people contracted the infection in a single day. The death toll worldwide as of April 30 stands at 233,830 and the number of recoveries at 1,039,061. Nearly 80% of the coronavirus cases are from the United States and Europe. The United States accounts for more than 33% while Europe is the most affected continent.

  Medical Supplies Needed: Global amid COVID-19 Crisis

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Due to global shortages, 3M Co has ramped up its production of N95 respirators, doubling its normal output. The company is currently manufacturing 100 million N95 respirators per month worldwide, with 35 million of these being produced in the US. Furthermore, 3M Chief Executive Officer Mike Roman has stated that the company aims to increase its US production of N95 respirators even further, to reach 50 million per month by June 2020. In addition to the demand for N95 respirators far outstripping current manufacturing capabilities, ongoing supply chain issues are also contributing to shortages. According to our analysis, approximately 200 million PPE is in demand globally due to this pandemic, the number is expected to increase and reach its peak in the month of August 2020. To prevent the deaths of tens of thousands, even hundreds of thousands, the manufacturers have already boosted their production to maximum by themselves.

Insights Presented in the Report

“Medical Masks are expected to dominate the product type demand of Healthcare PPE amid COVID-19 Crisis during analyzed period Feb-Dec 2020”

Based on the product type, the Healthcare PPE market is bifurcated into medical masks, gowns, gloves, and goggles. The market of medical masks is expected to grow due to the rise of the COVID-19 cases and is projected to dominate the market in December 2020.

“Hospitals are projected to demand more of Healthcare PPE during COVID-19 Crisis”

Healthcare Personal Protective Equipment market based on end-user type is segmented into hospitals, primary care centers and others. Hospitals are projected to dominate the demand of PPE amid COVID-19 as they are subjected to the maximum exposure amid COVID-19 for the long hours.

“US is expected to need more of Healthcare PPE amid COVID-19 Crisis”

For a better understanding of the healthcare personal protective equipment demand trend that arises due to COVID-19, a detailed analysis was conducted for the top 10 most affected regions including United States, Canada, Germany, United Kingdom, France, Italy, Spain, Turkey, Iran, and India. The United States currently has the highest number of PPE available and is expected to need even more than any other country across the world as the region acquires more than 30% of the global COVID-19 cases alone and the cases are still on the rise.

Competitive Scenario

Some of the major players profiled in the Healthcare Personal Protective Equipment demand market study include 3M Company, Kimberly-Clark Corporation, Ansell Limited, Honeywell International, Alpha Pro Tech, MSA Safety, DuPont Inc., Lakeland Industries, Avanos Medical, and Medline Industries. These industry players are entering into several mergers & acquisitions and partnerships for the expansion of their reach and increasing their hold on the market.

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Reasons to buy this report:

• The study includes current and demand forecast of healthcare personal protective equipment due to COVID-19 outbreak
• The report present company’s initiative amid COVID-19 to fulfill the shortfall of healthcare personal protective equipment demand
• The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends and opportunities prevailing in the industry
• The study comprehensively covers the healthcare personal protective equipment demand and stakeholders approach in limiting its gap
• Deep dive country-level analysis of the COVID-19

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Global Healthcare PPE Demand Analysis-COVID-19 Impact report can further be customized as per the client’s requirements (interested country). Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements

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Research Methodology

Analyzing the historical availability, estimation of the current demand and forecasting the future demand of personal protective equipment due to the sudden breakdown of COVID-19 in the most affected countries around the world were the three major steps undertaken to create and analyze the availability and demand of healthcare PPE arises. Exhaustive secondary research was conducted to collect the historical numbers and estimate the current demand. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted; with healthcare experts and other industry experts across the value chain of the medical device sector. Post assumption and validation of the numbers through primary interviews, we employed a bottom-up approach to forecast the complete demand size of personal protective equipment that arises due to the COVID-19 outbreak. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the availability of personal protective equipment’s across the COVID-19 most affected region through various sources such as government statements, press releases, journals, news & articles, government publications, competitor publications, research surveys, third-party database and other credible publications.

Step 2: Region Segmentation:

Segmentation of the region has been done based on the total number of infected cases in a particular region. Further, obtaining the infected cases, we conducted a detailed secondary analysis to gather the number of personal protective equipment required in the top 10 most affected countries across the world.

Step 3: Factor Analysis:

After acquiring the historical number of personal protective equipment, we conducted a detailed factor analysis to estimate the current demand for personal protective equipment that arises due to the COVID-19 pandemic. Further, we conducted Factor analysis using dependent and independent variables such as rising cases of COVID-19, safety compliances at healthcare facilities, etc. A thorough analysis was conducted for demand and supply-side scenario considering top partnerships, merger and acquisition, business expansion, product launches in the personal protective equipment industry across the globe.

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Current Market Size Estimate & Forecast

Current Demand Sizing: Based on actionable insights from the above steps, we arrived at the numbers of healthcare PPE available in the COVID-19 most affected countries, key players in the healthcare PPE market and market shares of these players. All the required percentage shares split were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For demand estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up approach were applied to arrive at the demand estimation forecast about Dec 2020 for the COVID-19 most affected regions across the world. The research methodology adopted to estimate the market size encompasses:

• Analyze the current and demand forecast of healthcare personal protective equipment arises due to COVID-19 outbreak
• Analyze the value chain involved with the presence of various intermediaries
• Define and analyze the competitive landscape of the healthcare personal protective equipment market and the growth strategies adopted by the market players to sustain in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including top medical professionals, research experts from major universities, health institutes, top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

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Market Engineering

Data triangulation technique was employed to complete the overall demand estimation and to arrive at precise statistical numbers for each studied regions.

Main objective of the Healthcare PPE Demand Analysis-COVID-19 Impact

The current & future healthcare personal protective equipment demand trends were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future demand trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and demand forecast of healthcare personal protective equipment due to COVID-19 outbreak
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors about the industry
• Major regions studied in the report include the United States, Canada, Italy, France, Germany, Spain, United Kingdom, Iran, Turkey, and India
• Define and analyze the competitive landscape of the healthcare personal protective equipment market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Company’s Initiative and Government Amid COVID-19 to fulfill the Shortfall of healthcare personal protective equipment Demand
• Deep dive country-level analysis of the COVID-19