The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global coronavirus precautionary products market is currently witnessing strong growth. The novel coronavirus (nCoV) refers to a large family of viruses, including the Middle East Respiratory Syndrome Coronavirus (MERS-CoV) and Severe Acute Respiratory Syndrome Coronavirus (SARS-CoV), that have caused the outbreak of various respiratory diseases in humans. Coronavirus precautionary products refers to a collection of various solutions and wearable equipment that safeguard the users from contracting the virus. The products range from respirators, face or surgical masks to gloves and hand sanitizers, which are prescribed to be worn and used, especially in densely crowded public spaces. According to various government agencies, it is essential to maintain high levels of personal hygiene and undertake significant precautionary measures to prevent the virus from spreading further.
Mass outbreak of the novel coronavirus (COVID-19) infections across the globe is the key factor driving the growth of the market. Furthermore, increasing awareness among the masses regarding the possible preventive measures against these infections is also providing a boost to the market growth. According to the World Health Organization (WHO), the virus can be contained by minimizing human-to-human contact and using protective masks in home and healthcare settings, which has significantly increased the demand for protective equipment. However, several major cities worldwide are already experiencing a significant shortage of protective masks and respirators, which has escalated the production rates of these products extensively. Apart from this, research and development (R&D) activities to develop COVID-19 and intranasal vaccines by various pharmaceutical companies and the availability of protective equipment through online retail platforms, coupled with government initiatives to distribute masks and gloves to the general public, are projected to drive the market further. Looking forward, IMARC group expects the market to exhibit robust growth during the forecast period.
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