Face Shield Market Growth Report 2021 – Rapid Growth, Application Scope And Opportunities By 2027
Market
Forecast
Global
Face Shield Market Growth size was valued at approximately USD 3.1 Billion in
2019 and is projected to grow at a 6.2% CAGR between 2020 and 2026. The demand
for face shield is anticipated to increase owing to the growth in healthcare,
manufacturing, and various other industries. The healthcare industry across the
globe is increasing at an exceptional rate. As per MRFR analysis, the global
healthcare industry in 2018 was worth USD 8.40 trillion. Global healthcare
spending is expected to reach USD 10 trillion by 2022. The healthcare industry
in emerging markets is anticipated to witness exponential growth in the next
couple of years. According to Krane Shares Emerging Market Healthcare Index, by
2040, emerging countries are projected to increase healthcare spending as by
24.4% of their current GDPs compared to just 9.8% in developed markets over the
same period. Rapid urbanization, increasing awareness of basic healthcare
amenities, and the rising per capita income are some of the key factors, which
are anticipated to boost the healthcare industry in such markets. The
increasing trend of medical tourism is further expected to boost the Face
Shield Market Growth in the next couple of years. Additionally, the
manufacturing industry in emerging economies is growing at an exponential rate.
With rapid urbanization in emerging economies such as China, India, and many
other southeast Asian countries, the demand for face shield is expected to grow
in the next couple of years. Indian government initiatives such as ‘Make in
India’ and ‘Atmanirbhar Bharat’ are anticipated to boost the manufacturing
industry. This, in turn, is anticipated to further boost the the Face
Shield Market Growth during the forecast period.
Additionally,
with the outbreak of a global pandemic, COVID-19, the demand for a face shield
for protection from harmful infections is anticipated to increase for a short
period. With the increasing number of COVID-19 infections across the globe, the
demand for face shield is expected to increase across hospitals and other
medical facilities. Several companies manufacturing face shields for the
construction and manufacturing industries are coming up with reliant and
effective face shields for protection against COVID-19 infections. Startups
such as Armor Care, an India based startup company, started mass production of
face shield owing to rising demand in the healthcare sector. Similarly,
Amazon.com, Inc., an e-commerce company based in the US, began the production
of face shields for the US healthcare industry. Therefore, the outbreak of
COVID-19 is certainly expected to boost the demand for the Face Shield Market
Growth for a short period.
Key
Players
- The
3M Company (US)
- Honeywell
International (US)
- MSA
Safety (US)
- Medline
Industries, Inc. (US)
- Dymax
Corp (US)
- Kimberly-Clark
Corporation (US)
- Brady
Corporation Ltd. (UK)
- Alpha
Pro Tech, Ltd. (US)
- Thermo
Fisher Scientific (US)
- Shelby
Group International, Inc. (MCR Safety) (US)
Market
USP
Growth
in the healthcare and manufacturing industries, coupled with the rising number
of COVID-19 cases across the world, is expected to boost the demand for face
shield during the forecast period.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/face-shield-market-10155
Growth
Opportunities in the Market
Polycarbonate
is more economical: The polycarbonate segment is expected to register the
fastest growth during the forecast period. Polycarbonate material is
economical. Additionally, polycarbonate material also helps in countering and
protection against the airborne droplets of the COVID-19 virus. With the
growing number of COVID-19 cases, the demand for face shields having
polycarbonate materials is expected to have the fastest growth during the
forecast period.
Growth
of the healthcare and manufacturing industry: The demand for face shield in the
healthcare and manufacturing industries is expected to increase during the
forecast period. With the growing number of emerging economies and the
development of healthcare, infrastructure is expected to boost the growth of
the global market. This, in turn, is anticipated to increase the demand for
face shields in the global market during the forecast period. Additionally, the
manufacturing industry in emerging economies is experiencing robust growth in
the last couple of years. However, amidst the current scenario of the global
pandemic, COVID-19, demand for face shield is expected to surge in the
healthcare industry for a short period.
Dominance
of Store-Based Distribution Channels: The majority of face shields are sold
through vendors as face shields are most sold in bulk in professional sectors.
The healthcare and manufacturing industries are some of the dominant sectors
for the face shields. The professional segment is further anticipated to remain
dominant during the forecast period. Additionally, amidst the outbreak of
COVID-19, individual usage of the face shield is expected to grow for the next
couple of years.
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
Contact
us:
Market
Research Future (part of Wantstats Research and Media Private
Limited),
99
Hudson Street,5Th Floor, New York,
New
York 10013,
United
States of America
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