USD 90.3 billion
Report ID:
SQMIG35B2141 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|Tables:
71
|Figures:
75
Medical Clothing Market size was valued at USD 90.3 billion in 2019 and is poised to grow from USD 97.03 billion in 2023 to USD 174.58 billion by 2031, growing at a CAGR of 7.6% in the forecast period (2024-2031).
The rising prevalence of chronic diseases has increased the number of patients worldwide. Patients in hospitals, on the other hand, are at risk of developing hospital-acquired infections (HAI). According to the World Health Organization (WHO), at any given time, 10% of hospitals in developing countries and roughly 7% of hospitals in developed countries have at least one case of HAI. So,there has been a strong focus on improving hospital facilities and optimising sanitation. As an outcome, the market for medical clothing is becoming more competitive.
The growing geriatric population, combined with the rapid rise in the incidence of various chronic diseases, is favouring the global medical clothing market's upward trajectory. Players and manufacturers in the global medical clothing market are constantly focused on launching new products and increasing production capacity in order to meet the increased demand created by the COVID-19 pandemic in the health care industry. Furthermore, several players in the global medical clothing market are forming strategic alliances and making acquisitions to improve their market positioning.
US Medical Clothing Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 90.3 billion
Largest Segment
Patient Apparel
Fastest Growth
Professional Apparel
Growth Rate
7.6% CAGR
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The Global Medical Clothing Market is segmented based on Product Type, Application, and Region. Based on Product Type it is categorized into Professional Apparel, Patient Apparel, Specialty Apparel, First Aid Clothing, Wraps and Towels, Others. Based on End User it is categorized into: Hospitals, Specialty Clinics, Ambulatory Centres, Home Care Settings, Research and Clinical Laboratories, Others. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Medical Clothing Market Analysis by Product Type
Patient Apparel had a market share of more than 40% in 2021 and are expected to grow at the fastest rate from 2022 to 2028. Healthcare professionals use impermeable and fluid-resistant medical protective clothing, such as surgical gowns and isolation gowns, when treating COVID-19 patients. During the shortage, however, non-sterile disposable patient isolation gowns are being replaced by reusable gowns made of cotton-polyester or polyester fabrics, as well as coveralls.
Professional Apparel are expected to grow at a CAGR of 7% in terms of revenue from 2022 to 2028, owing to their ability to provide healthcare professionals with 360° protection. These medical protective garments are intended to cover the entire body, including the lower legs, back, head, and, in some cases, the feet.
Medical Clothing Market Analysis by End User
The Hospitals dominated the market for medical protective clothing, accounting for more than 55% of the market in 2021, and are expected to grow at the fastest rate from 2022 to 2028. According to the Centers for Medicare & Medicaid Services (CMS), healthcare spending in the United States will increase by 4.6% in 2021, totaling more than USD 3.8 trillion, with hospital care accounting for more than USD 1.3 trillion. The rising prevalence of chronic diseases has resulted in an increase in hospital visits and re-admissions, which has boosted demand for medical protective clothing in hospitals.
The rapidly growing geriatric population, combined with the rising prevalence of hospital-acquired and other infections like hepatitis and AIDS, is expected to increase demand for medical protective clothing in hospitals. Furthermore, the implementation of reforms and initiatives promoting medical protection in government hospitals is expected to propel the segment during the forecast period.
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Because of the increasing number of surgeries and well-developed healthcare infrastructure in this region, North America dominates the medical clothing market. The region's rising elderly population, increasing number of patients opting for various surgical procedures, and high prevalence of chronic and other severe diseases are key drivers for the development of the global medical clothing market in North America. Furthermore, the increasing presence of major market players will boost the market's growth rate in this region.
Due to the rising prevalence of chronic diseases and the growing number of geriatric populations in this region, Asia-Pacific is expected to grow at a CAGR of 7.5% from 2022 to 2028. Over the forecast period, the rising number of plastic surgeries is expected to boost demand for medical protective clothing, such as surgical gowns.
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Medical Clothing Market Driver
Medical Clothing Market Restraint
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Medical Clothing Market Top Players Company Profiles
Medical Clothing Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, by end user, the hospitals dominated the market for medical protective clothing, accounting for more than 55% of the market in 2021. Product type-wise, the gown segment has dominated the market with more than 40% of the share. Region-wise, the North America region accounted highest market share of the total market revenue. In recent years, rising demand for high-quality hygiene and health-care products has aided the growth of the global medical clothing market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 90.3 billion |
Market size value in 2031 | USD 174.58 billion |
Growth Rate | 7.6% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Medical Clothing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Medical Clothing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Medical Clothing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Medical Clothing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Medical Clothing Market size was valued at USD 90.3 billion in 2019 and is poised to grow from USD 97.03 billion in 2023 to USD 174.58 billion by 2031, growing at a CAGR of 7.6% in the forecast period (2024-2031).
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Report ID: SQMIG35B2141
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