Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 460 Million | USD 981 Million | 9% | 2022 |
The global medical protective goggles market size was evaluated at $460 million in 2022 and is slated to hit $981 million by the end of 2030 with a CAGR of nearly 9% between 2023 and 2030.
Medical protective goggles are a kind of safety goggles used for protecting eyes. Moreover, they form a complete seal around the eyes of the wearer and offer the latter with excellent splash protection. For the record, these products are used by healthcare service providers while treating patients affected due to infections Apart from this, medical protective goggles are worn by individuals working in labs where chemical fluids and human body fluids are utilized for performing various kinds of research activities. Additionally, a large number of firms make use of medical protective goggles as a key protection against infectious ailments as they can minimize the risk of getting infected by infections.
A rise in the risks of getting infected in the healthcare units will bolster the product demand in the coming years
Escalating surgical operations along with the occurrence of contagious diseases will multiply the growth of the global medical protective goggles market. Rise in the hospitalizations and the increase in the performance of various kinds of surgeries on patients has translated into an immense demand for medical protective goggles in the healthcare sector. The launching of new technologies for manufacturing medical equipment and the growing focus of firms on the expansion of production capacity has prompted the global market expansion. An increase in the use of 3D printing for manufacturing medical devices has increased the global market scope in the current years. New product launches have contributed majorly towards the growth of the expansion of each sector and the medical device sector is one of them. For instance, in August 2023, Innovative Eyewear, Inc., a key firm developing smart eyewear, launched the Lucyd Blueshift lens for enhancing eye protection along with increasing end-user satisfaction.
A rise in the taxes on medical protective goggles can hinder the adoption of the product in coming years
High taxes levied on medical protective goggles and low availability of the product can put brakes on the global medical protective goggles industry expansion. Moreover, increasing product costs can further impede global industry expansion.
Thriving medical tourism activities will create a strong growth platform for the global market over the forecast period
The flourishing medical tourism sector in emerging economies is predicted to open new growth opportunities for the global medical protective goggles market in the coming years.
Enforcement of laws prohibiting the use of medical protective goggles in healthcare centers will impede the global industry growth
Growing safety concerns and lack of favorable laws supporting the use of medical protective goggles in emerging economies will prompt the expansion of the medical protective goggles market across the globe.
The global medical protective goggles market is sectored into type, end-user, and region.
In type terms, the global medical protective goggles market is segregated into reusable protective goggles and disposable protective goggles segments. Furthermore, the reusable protective goggles segment, which accrued nearly 49% of the global market share in 2022, is predicted to record the highest CAGR in the ensuing years. The growth of the segment in the upcoming years can be owing to the ability of reusable protective goggles to be autoclaved and reused, thereby minimizing the requirement to repurchase products.
Based on end-user, the global medical protective goggles industry is bifurcated into hospitals, clinics, medical institutions, diagnostic centers, and home care & research laboratories segments. Moreover, the hospitals segment, which contributed majorly towards the global industry revenue share in 2022, is set to dominate the global industry expansion over the forecast timeframe. The segmental expansion over the anticipated timespan can be due to an increase in product usage by a large number of healthcare service providers in hospitals for preventing infection.
Report Attributes | Report Details |
---|---|
Report Name | Medical Protective Goggles Market |
Market Size in 2022 | USD 460 Million |
Market Forecast in 2030 | USD 981 Million |
Growth Rate | CAGR of 9% |
Number of Pages | 207 |
Key Companies Covered | Day Sun Industrial Corp., The 3M Company, Honeywell International Inc., KCWW, Mölnlycke Health Care AB, TIDI Products L.L.C., Sun Sight Glasses Co Ltd., Xiamen Jiayu Optical Co. Ltd, UNIVET S.R.L., MEGASAFE PRODUCTS INC., Bollé, G.F. Health Products Inc., Narang Medical Ltd., U.S.A. Medical and Surgical Supplies, Cardinal Health., and others. |
Segments Covered | By Type, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is projected to retain its global market leadership over the projected timeframe
North America, which accounted for 67% of the global medical protective goggles market revenue in 2022, will be the dominating region over the projected timeframe. Moreover, the regional market expansion can be credited to the rise in the awareness about large-scale use of medical safety devices in the healthcare sector. Apart from this, the presence of giant manufacturers in the region will proliferate the regional market size. Countries such as the U.S. and Canada are anticipated to be the major regional growth drivers.
Asia-Pacific medical protective goggles industry is set to register the fastest CAGR in the next couple of years subject to a surge in the spread of infectious diseases along with the rise in the impetus offered by the government through huge allocation of funds to research & development activities related to bringing innovations in medical protective goggles. Countries such as China and India are projected to be the major regional revenue pockets in the coming years.
The global medical protective goggles market profiles key players such as:
By Type
By End-User
FrequentlyAsked Questions
Medical protective goggles are a kind of safety goggles used for protecting eyes. Moreover, they form a complete seal around the eyes of the wearer and offer the latter with excellent splash protection.
The global medical protective goggles market growth can be owing to a rise in the hospital admissions of patients and an increase in the performance of various kinds of surgeries on patients in the healthcare sector.
According to a study, the global medical protective goggles industry size was $460 million in 2022 and is projected to reach $981 million by the end of 2030.
The global medical protective goggles market is anticipated to record a CAGR of nearly 9% from 2023 to 2030.
The Asia-Pacific medical protective goggles industry is set to register the highest CAGR over the forecasting timeline owing to a surge in the spread of infectious diseases along with the rise in the impetus offered by the government through the huge allocation of funds to research & development activities related to bringing innovations in medical protective goggles. Countries such as China and India are projected to be the major regional revenue pockets in the coming years.
The global medical protective goggles market is led by players such as Day Sun Industrial Corp., The 3M Company, Honeywell International Inc., KCWW, Mölnlycke Health Care AB, TIDI Products, L.L.C., Sun Sight Glasses Co, Ltd., Xiamen Jiayu Optical Co., Ltd, UNIVET S.R.L., MEGASAFE PRODUCTS, INC., Bollé, G.F. Health Products, Inc., Narang Medical Ltd., U.S.A. Medical and Surgical Supplies, and Cardinal Health.
The medical protective goggles market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed