PUBLISHER: Grand View Research | PRODUCT CODE: 1375944
PUBLISHER: Grand View Research | PRODUCT CODE: 1375944
The U.S. healthcare personal protective equipment market size is expected to reach USD 4.59 billion by 2030, registering a CAGR of 4.4% during the forecast period, according to a new report by Grand View Research, Inc.. The aging population is expected to augment the demand for healthcare services, which, in turn, is expected to boost the medical-grade PPE demand over the coming years.
PPE is used by medical practitioners to protect their skin and exposed mucous membranes from exposure to contaminated blood or other potentially infectious bodily fluids/materials. An increasing number of hospital-induced infections, coupled with rising educational campaigns organized by the OSHA on occupational exposures, is expected to drive demand.
Healthcare spending in the U.S. has been increasing considerably since the past few years. Demand for healthcare services and products has led to increased use of healthcare personal protective equipment. In addition, the growing geriatric population in the country is anticipated to boost healthcare spending over the forecast period.
According to the Centers for Disease Control and Prevention, 60% of the U.S. adult population has chronic conditions and over 40% of the adult population has two or more chronic conditions. This has led to hospitals hiring more staff, opening new sites, and extending working hours, which has resulted in creating opportunities for PPE manufacturers.