Global personal protective equipment market is estimated to be valued at US$ 121.9 Billion by 2030, exhibiting a CAGR of 9.38% during the forecast period (2023 to 2030).
Market Trends
Increasing production capacity of the PPE by manufacturers to cater the rising need in the outbreak of COVID-19 pandemic creates lucrative opportunities. For instance, in March 2020, Aspen Surgical Products, Inc., announced that it increased production capacity for the Precept brand of personal protective equipment (“PPE”) to support COVID-19 relief efforts in North America, and to cater to high demand for facial protection amidst COVID-19.
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