The global market for COVID-19 safety and prevention products is expected to record a compound annual growth rate of 7.2% from 2021 to 2026.
The increase in coronavirus infected cases mainly drives growth in the Covid-19 safety and prevention products market since 2020. Demand for these products is expected to increase after the blockade imposed by various countries. According to the latest report, at the end of January 2020, almost 20 countries reported cases of COVID-19, which increased to 54 in late February, 202 in late March, and almost 212 countries in May 2020.
The strong public health measures and surveillance capacity have become essential in preparing, presenting, and responding to health emergencies. Preventive products such as face masks, disinfectants, gloves, non-contact thermal imaging cameras reported an increase, for example, according to the WHO, in March 2020, worldwide, 89 million units of masks and 2.9 million liters of hand sanitizers were used each month by frontline health workers.
Additionally, the need for ventilators, oxygen masks, and isolation rooms has increased on the treatment front. Several countries have reported a shortage of fans, creating pressure on manufacturers. With plant closings and increasing cases, critical "considered" industries have been operating underutilized capacities, increasing production and therefore delays in supply.
MARKET TRENDS:
Fans register a significant portion of the global COVID-19 safety and prevention products market.
MARKET DRIVERS:
The growth is mainly due to the increase in COVID-19 cases in early 2020.
Smart technologies are revolutionizing the structure of cities. Smart technologies such as smart energy meters, security devices, smart devices, and smart transportation are used to develop many smart cities. As you move towards a smart environment, ensuring public safety is key in gaining consumer trust.
With the rapid technological innovations in the APAC region, several aspects are predicted to fuel the expansion of this business. The early adoption of the public safety solution and the presence of several providers explain the strong growth in this region. Companies in the region are increasingly implementing public security solutions to detect and prevent attacks early.
MARKET RESTRAINTS:
As law enforcement faces severe budget cuts and limited funds, the high costs of installing citizen security systems can slow the market's growth.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
|
Market Size Available |
2020 to 2026 |
|
Base Year |
2020 |
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Forecast Period |
2021 to 2026 |
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Segments Covered |
By Product Type and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
This research report on the global COVID-19 safety and prevention products market has been segmented and sub-segmented based on the product type and region.
COVID-19 Safety and Prevention Products Market - By Product Type:
COVID-19 Safety and Prevention Products Market – By Region:
With the increase in COVID-19 cases in the region and the first week of June 2020, the United States reported more than 2 million cases. Demand and production of products are expected to increase protection and treatment. Additionally, Washington state health officials in Delaware have turned to the federal government to access a network of storage facilities that house the emergency supply of life-saving pharmaceuticals and medical supplies that will only be used in public health.
The United States is waiting for international manufacturers from countries as diverse as Brazil, Mexico, India, and Malaysia to fuel its demand for medical-grade supplies. However, the country has seen a drop in demand for ventilators amid the death toll from the coronavirus that exceeded 80,000. This is partly due to lack of supply and slightly to doctors using ventilators as a last resort.
KEY MARKET PLAYERS:
Some of the key players in the global market are 3M Company, Kimberly Clark Corporation, Dynarex Corporation, Medtronic PLC, and Koninklijke Philips.
RECENT MARKET DEVELOPMENTS:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 COVID-19 Safety And Prevention Products Market, By Product Type
6.1.1 Temperature Device
6.1.2 Fans
6.1.3 Isolation Rooms
6.1.4 Protective Masks
6.1.5 Disinfectants
6.1.6 Gloves
6.1.7 Medical Gowns
6.1.8 Market Size Estimations & Forecasts (2019-2024)
6.1.9 Y-o-Y Growth Rate Analysis
6.1.10 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Product Type
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Product Type
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Product Type
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Product Type
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Product Type
8. Key Player Analysis
8.1 3M Company
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Kimberly Clark Corporation
8.3 Dynarex Corporation
8.4 Medtronic PLC
8.5 Koninklijke Philips N.V
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
