HealthLeaders Media April 20, 2020
Respiratory protective equipment represented almost 11% of global revenue last year, according to a recent report.
The global personal protective equipment (PPE) market is expected to reach nearly $9 billion by 2027, according to a report released Monday morning.
Grand View Research, a San Francisco-based research and consulting company, projects the market will display a compound annual growth rate of 8.5% during the forecast period, driven by the rise in demand for PPE to protect healthcare workers treat patients infected with coronavirus disease 2019 (COVID-19).
The report also indicated that the increased adoption of gloves as a result of the outbreak will lead to disposable gloves experiencing demand growth of 8.6% by 2027. Additionally, respiratory PPE represented almost 11% of...