COVID-19 Safety And Prevention Products Market

COVID-19 Safety and Prevention Products Market Size (2023 to 2028)

The global market for COVID-19 safety and prevention products is expected to record a compound annual growth rate of 7.2% from 2023 to 2028.

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, and 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:

• With approximately 5-15% of COVID-19-infected patients requiring intensive monitoring and ventilatory support, mortality during mechanical ventilation appears higher, and protective pulmonary ventilation is mandatory.
• Recent advancements like NASA's Jet Propulsion Laboratory (JPL) in California will choose eight US manufacturers to produce a novel coronavirus-friendly ventilator (to reduce pressure. Of demand in the future. The prototype also includes a high-fidelity lung simulator, which has been tested in 20 ventilation settings, indicating various scenarios that can be observed in critically ill patients in an intensive care unit. In addition, the Food and Drug Administration approved the design of an emergency use authorization.
• Second, non-partner companies/manufacturers have actively embarked on the production of low-cost fans in emerging economies. For example, the production of the Mahindra and Mahindra fans began in March 2020. The company-built pocket valve mask-type fans to simplify design and increase capacity.

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:

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:

• Temperature Device
• Fans
• Isolation Rooms
• Protective Masks
• Disinfectants
• Gloves
• Medical Gowns (Overalls)
• Others (Masks, Glasses, Headwear, Shoe Covers)

COVID-19 Safety and Prevention Products Market – By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa

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 a 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:

• April 2020: 3M India, which offers products to segments such as medical care, home care, and occupational safety in the country, announced an increase in the production of respirators, hand sanitizers, and surgical masks from 35 to 40%
• March 2019: Medtronic increased its production of ventilators by 40% and more after the coronavirus outbreak. Also, to meet the increased demand for patients and healthcare systems, the company has established additional manufacturing equipment and introduced rotation schemes to keep the plant operating 24 hours per week.