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With 5.9% CAGR, Medical Clothing Market Size worth USD 140.64 Billion in 2028

May 11, 2022
With 5.9% CAGR, Medical Clothing Market Size worth USD 140.64 Billion in 2028

According to Fortune Business Insights, the global Medical Clothing Market size is projected to reach USD 140.64 billion in 2028, at CAGR of 5.9% during forecast period; Positively Affected by Superior Uniform Group’s Acquisition of CID Resources Inc.

/EIN News/ — Pune, India, May 09, 2022 (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 size, 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.

Key Development:

April 2020:  Halyard Worldwide, Inc. received a contract for the production of N-95 masks and gowns from the U.S Department of Defense logistic office

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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Report Scope & Segmentation

Report Coverage Details
Forecast Period 2021 to 2028
Forecast Period 2021 to 2028 CAGR 5.9%
2028 Value Projection USD 140.64 Billion
Base Year 2020
Market Size in 2021 USD 94.21 Billion
Historical Data for 2017 to 2019
No. of Pages 120
Segments covered Product Types, end-Users and Geography
Growth Drivers Advent of Several Medical Clothing Players has led to a Fragmented Market
Growing Surgical Procedures at Hospitals to Facilitate the Segment Growth
Strict Regulatory Policies to Hinder the Demand for Many Types of Clothing Products

What Does the Report Contain?

The report provides vital information, including key industry drivers, trends, forecasts, and hindrances. It also contains an exhaustive investigation of all market segments, distinctly and collectively, and painstaking ideas into the regional dynamics prompting the market growth. Apart from these, the market report brings an extensive assessment of major corporations and their growth strategies.

Click here to get the short-term and long-term impact of COVID-19 on this Market.
Please visit: https://www.fortunebusinessinsights.com/medical-clothing-market-102704

Driving Factor:

Increasing Threats of Deadly Diseases to Boost Market

The increasing cases of fatal viruses such as Covid-19, SARS, Avian Influenza, Swine Flu, and others have urged people to take necessary precautions involving hygiene to control the spread of viruses, which, in turn, is fostering the medical clothing market growth. Most of the RNA viruses, such as swine flu, bird flu, and coronavirus, can adapt and change hosts by infecting complex biological systems such as humans. Thus, to contain such viruses, the requirement for medical apparel is accelerating among healthcare practitioners. Moreover, the increasing research and development activities involving the study of lethal viruses’ requisites expertise and highly protective medical clothing, which, in turn, will further aid the growth of the market. In addition, the awareness about epidemic and pandemics coupled with medical exploration will create opportunities for the medical apparel industry.

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.

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Regional Insights:

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.

Competitive Landscape:

Adoption of Strategies by Eminent Companies to Consolidate Business

Many companies are adopting innovative strategies such as mergers, acquisitions and partnerships to remain at the forefront. For instance, in March 2019, Halyard Worldwide, Inc., a part of Owen & Minor Inc., entered into a three-year partnership contract with Vizient, Inc. for its facial protection products. Moreover, key players are also focused on regional openings, pricing, and other attributes because of the industry’s highly competitive nature. Moreover, the increasing number of infections has insisted businesses to produce more protective equipment for the masses, which further intensifies competition and aids growth for medical clothing.

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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

Detailed Table of Content:

  • Introduction
    • Market Scope
    • Market Segmentation
    • Market Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Medical Clothing Market Drivers
    • Market Restraints
    • Medical Clothing 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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About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Article originally published at https://www.einpresswire.com/article/571653287/with-5-9-cagr-medical-clothing-market-size-worth-usd-140-64-billion-in-2028

The post With 5.9% CAGR, Medical Clothing Market Size worth USD 140.64 Billion in 2028 first appeared on Reality Syndicate Viewers.

This news story originally appeared at Books - Reality Syndicate Viewers on 11 May 2022