The global face shields market size is expected to reach USD 5.4 billion by 2027 registering a CAGR of 15%, according to a new report by Grand View Research, Inc. Shortage of face shields in the healthcare industry and hospitality sector has increased the demand for new manufacturing technologies and product innovations in the market, which, in turn, will drive its growth. Many universities and educational facilities across the world are producing face shields using 3D printing techniques for frontline workers to meet the increased demand caused due to the Covid-19 pandemic. The major benefit of using the 3D printing technique is it offers a sterile manufacturing process and easy customizations.
The
NIST has provided USD 50 million to support the U.S. manufacturers to
produce personal protective equipment and reach new markets or
suppliers amid the coronavirus outbreak. Similarly, the government of New South
Wales, Australia, has ramped up its commitment to coronavirus safety and has
introduced grants worth USD 5 million to increase the domestic production of
critical PPE. Rising healthcare expenditure in several countries is expected to
have a positive impact on the demand for face shields over the forecast period.
In addition, improving healthcare infrastructure in the developing nations,
coupled with an increasing number of people availing healthcare services, is
further anticipated to benefit the market growth over the forecast period.
Full Research Report On Face Shields Market Visit Here:
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Face Shield Market
Report Highlights
- Full face
shield accounted for the largest revenue share of 61.5% in 2019 owing to
high demand for eye and face protection equipment in various end-use
industries
- The product
adoption in the healthcare sector is anticipated to witness the fastest
growth at a CAGR of 20.4% from 2020 to 2027
- Asia Pacific
is estimated to witness the fastest CAGR of 15.7% from 2020 to 2027 on
account of improving hygiene and safety standards in the region’s
healthcare sector
- The product
demand in the UAE is expected to witness significant growth on account of
the rapid expansion of the healthcare sector
- Many
companies that were initially not manufacturing face shields have also
temporarily ventured into this business to cater to the rising demand
caused during the Covid-19 pandemic, which will boost the market growth
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Face Shield Market
Segmentation
Grand View Research has
segmented the global face shield market on the basis of product type, end-use,
and region:
Face Shield
Product Type Outlook (Revenue, USD Billion, 2016 - 2027)
- Full Face Shield
- Half Face Shield
Face Shield
End-use Outlook (Revenue, USD Billion, 2016 - 2027)
- Healthcare
- Construction
- Chemical
- Oil & Gas
- Manufacturing
- Others
Face Shield
Regional Outlook (Revenue, USD Billion, 2016 - 2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Russia
- Spain
- U.K.
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Australia
- Thailand
- Malaysia
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
List of Key
Players of Face Shield Market
- The 3M Company
- Honeywell International, Inc.
- Alpha Pro Tech
- Casco Bay Molding
- Kimberly-Clark Corp.
- Lakeland Industries
- MSA Safety
- Precept
- Prestige Ameritech
- Pyramex Safety Products, LLC
- Sanax Protective Products
- Key Surgical
- KARAM
- Medline Industries, Inc.
- Gateway Safety, Inc.
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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