Safety and Prevention Products Market 2020 Enhancements and Demand Analysis by 2025

COVID-19 Safety and Prevention Products Market - Growth, Trends, Forecast (2020-2025)

The report will make detailed analysis mainly on in-depth research on the development environment, Market size, development trend, operation situation and future development trend of Safety and Prevention Products Market on the basis of stating current situation of the industry in 2020.

The COVID-19 Safety and Prevention Products market is expected to register a CAGR of 7.2 % over the forecasted period (2020 - 2025).

The growth is primarily fueled by the rising cases of COVID-19 over the since early 2020, and the demand for these products is expected to increase after the lockdown imposed by several nations. As per UNCTAD's latest report, the end of January 2020, nearly 20 countries reported cases of COVID-19, which was risen to 54 by the end of February, 202 by the end of March, and almost 212 countries in May 2020.

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July 28, 2020: Democratic lawmakers looking to reform state unemployment systems have introduced a Senate bill that would incentivize states to address COVID-19 safety and health concerns among workers.

May 13, 2020: As some communities begin to reopen during the global coronavirus (COVID-19) pandemic, public health officials say the best way to prevent illness is to avoid being exposed to this virus. Below are some steps from the Centers for Disease Control and Prevention to help protect yourself and others. Stay informed about what’s happening in your community, and always follow the directions of state and local authorities.

Competitive Landscape

The market is highly consolidated and the market is going to witness multiple production expansion cases and innovations for easing the design structure of ventilators and isolations chambers. Considering the protective equipment, the supply and exports are indicative of increased manufacturing and trade.

- April 2020 - 3M India, offering products to segments such as healthcare, homecare, and workplace safety in the country, announced increased production of respirators, hand sanitizers, and surgical masks by 35-40%

- March 2019 - Medtronic ramped up its production of ventilators by 40% and more in the wake of coronavirus outbreak. Also, to cater to the increase of demands of patients and healthcare systems, the company has put in extra manufacturing shifts and introduced shift patterns to bring the plant to 24/7 operation.

Key Market Trends:

Ventilators to Record a Major Share of the Market Studied

- With around 515% of patients with COVID-19 infection requiring intensive care surveillance and ventilatory support, the mortality during mechanical ventilation has suggested being higher and lung-protective ventilation is mandatory.

- Developments such as NASA's Jet Propulsion Laboratory (JPL) in California selected eight U.S. manufacturers to make a new ventilator tailored for coronavirus (COVID-19) patients in May 2020, is expected to reduce the demand pressure in the future. The prototype, additionally, features a high-fidelity lung simulator, which was tested across 20 ventilator settings, indicating multiple scenarios that could be seen in critically ill patients in an intensive care unit. Also, the Food and Drug Administration has approved the design for an emergency use authorization.

- Then, non-allied companies/manufacturers have actively set in the production of low-cost ventilators across emerging economies. For instance, Mahindra & Mahindra ventilators have begun for production as of March 2020. The company has build bag valve mask type ventilators to simplify design and to scale up capacity.

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The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the report’s an invaluable resource for industry executives, Marketing, Sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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