Medical Protective Goggles Market by Type [Disposable Goggles and Reusable Goggles], End User [Hospitals, Diagnostic Centers, and Academic & Research Centers] – Global Outlook & Forecast 2021-2031
According to the deep-dive market assessment study conducted by Growth+Reports, the global medical protective goggles market is expected to witness a CAGR of ~6.2% from 2021 to 2031.
Rising prevalence of infectious diseases such as COVID-19 and regulations that compel wearing protective equipment for working in the sensitive environments are major factors propelling the growth of the medical protective goggles market.
Government bodies and numerous other organizations across the globe are implementing several initiatives to fast-track the development and distribution of protective goggles by providing the necessary funding and approvals. For instance, in October 2020, personal protective equipment and other essential medical equipment were provided to the Government of Tonga, by the United Nations Children’s Fund (UNICEF) with ADB funding support, the World Health Organization (WHO), and transported by the United Nations World Food Programme (WFP), to strengthen the country’s capacity to respond to the coronavirus disease (COVID-19) pandemic.
The ongoing pandemic of COVID-19 caused by Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2) has affected almost every country and resulted in severe consequences. COVID-19 mainly spreads by touching contaminated surfaces and then touching eyes, nose, or mouth before washing hands. This increases the risk of exposure for healthcare workers, especially when there is the possibility of rapid droplet dispersion such as when patients are actively coughing, being intubated, or are on HFNC. Therefore, many organizations such as WHO and CDC recommended the use of goggles by all healthcare workers when caring for patients with COVID‐19. This has increased the demand for protective goggles globally.
Prominent players are progressively implementing collaborative initiatives with several organizations & companies in order to encourage manufacturing and donation of protective goggles. For instance, in June 2020, Eastman and Suntech entered into a partnership to manufacture and donate protective goggles to help & ensure the safety of frontline healthcare workers fighting the COVID-19 pandemic in hospitals throughout Brazil.
However, a shortage of protective goggles owing to high demand may limit the market growth to a certain extent. Healthcare workers rely on personal protective equipment to protect themselves & their patients from being infected and infecting others. Severe outcomes by COVID-19 pandemic had led to rising demand, panic buying, hoarding, and misuse of such equipment, thereby, putting lives at risk from the new coronavirus and other infectious diseases. Furthermore recall of the protective goggles from the market is also expected to hamper the growth of the market to a certain extent. For instance, in May 2020, almost 16 million Tiger Eye protective goggles were being recalled from hospitals and the frontline after failing safety tests against Covid-19.
The Asia Pacific region is projected to be the fastest-growing medical protective goggles market. The high growth of the region can mainly be attributed to developing healthcare infrastructure, the rising prevalence of infectious diseases, and favorable government policies. Countries such as India, China, and Japan in the APAC region, are projected to offer significant growth opportunities owing to the presence of a large population and rising number of COVID-19 cases in the region.
Some of the prominent players operating in the medical protective goggles market are Honeywell International Inc., 3M, McKesson Medical-Surgical Inc., Bollé Safety, UNIVET s.r.l., Narang Medical Limited., Sunever Eyewear Co., Ltd., Day Sun Industrial Corp., Kimberly-Clark Worldwide, Inc., and Bellcross Industries Private Limited, among others.