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Face Shield Market Competitive And Growth Analysis 2024 - Market Size, Growth Rate, Major Drivers And Key Trends
Face Shield Global Market Report 2024
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According to The Business Research Company's, The face shield market size has grown rapidly in recent years. It will grow from $3.57 billion in 2023 to $3.99 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to pandemic preparedness, healthcare industry demand, occupational safety regulations, awareness of infection control, public health initiatives.
The face shield market size is expected to see rapid growth in the next few years. It will grow to $6.38 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to education and childcare, travel and tourism, personal use and fashion, industrial safety, public health guidance. Major trends in the forecast period include advanced face shield materials, customizable and fashionable designs, increased comfort and wearability, anti-fog and anti-glare features, anti-fog and anti-glare features, smart face shields.
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Market Drivers and Trends:
Awareness due to the outbreak of the COVID-19 pandemic and several government initiatives contributed to the growth of the face shield market. According to the World Health Organization (WHO), the COVID-19 transmits through droplets of saliva when an infected person coughs or sneezes. The awareness could be due to a spike in the number of COVID-19 cases and lockdowns imposed by governments across the globe. Initiatives by the government to reduce the spread of the virus supported the face shield market. For instance, in European countries, the commission waives off customs duties and VAT on protective equipment, testing kit, and medical devices until the end of April 2021. The awareness due to the outbreak of the COVID-19 pandemic and several government initiatives drove the face shield market.
Major companies operating in the face shield market are focusing on using sustainable materials, such as biomaterials designed to be more sustainable and environmentally friendly than disposable PPE. A biomaterial is a synthetic or natural substance that is designed to interact with biological systems for a medical purpose, either therapeutic or diagnostic. For instance, in April 2021, Tecman Group, a UK-based material technology company, launched a new biomaterial reusable face shield system for NHS workers. The Optec reusable face shield system is designed to be more sustainable and environmentally friendly than disposable PPE while also prioritizing wearer comfort and safety.
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Major Key Players of the Market:
Minnesota Mining and Manufacturing Company, Honeywell International Inc., Kimberly-Clark Corporation, Mine Safety Appliances Company, Alpha Pro Tech Ltd., Casco Bay Molding Ltd., Lakeland Industries Inc., Prestige Ameritech Ltd., Pyramex Safety Products LLC, Sanax Protective Products, Karam Safety Private Ltd., Gateway Safety Inc., E.I. du Pont de Nemours and Company, MCR Safety LLC, E.D. Bullard Company, Precept Pharma Ltd., Key Surgical LLC, Radians Inc., Surewerx USA Inc., Crosstex International Inc., JSP Safety Ltd., FT-TEC Group, Lindstrom Group, HexArmor, Protech Medical Inc., National Safety Apparel Inc., Steelbird Hi-Tech India Ltd., United Veterinary Pharmaceuticals Industries, Dymax Corporation, Sellstrom Corporation, Dynamic Safety USA LLC
Face Shield Market 2024 Key Insights:
• The face shield market size is expected to see rapid growth in the next few years. It will grow to $6.38 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%.
• Awareness And Government Initiatives Propel Face Shield Market Growth
• Companies Embrace Sustainable Biomaterials For Eco-Friendly Face Shield
• Asia-Pacific was the largest region in the face shield market in 2023
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