The healthcare personal protective equipment market consists of the sale of personal protective equipment used in healthcare settings. The market consists of revenue generated by the companies that manufacture healthcare personal protective equipment by the sales of these products.
The global healthcare personal protective equipment (PPE) market is expected to grow from $5.99 billion in 2019 to $7.83 billion in 2020 at a compound annual growth rate (CAGR) of 30.80%. The significant growth is mainly due to the COVID-19 outbreak and the measures to contain it. PPE are in huge demand by the care providers owing to the growing number of COVID-19 cases. However, there is a supply and demand gap due to restrictive containment measures that is challenging market growth. The market is then expected to stabilize and reach $11.45 billion in 2023 at a CAGR of 13.5%.
