How The Global Pandemic Is Fueling Increased Revenue Opportunities For Healthcare Stocks
- Financialnewsmedia.com News Commentary
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PALM BEACH, Fla., March 17, 2021 /PRNewswire/ -- While many industries have suffered during the global pandemic, there are those few whose fortunes are being made because of COVID. The Personal Protective Equipment Market is one of the latter industries. The mass spread infection scale of COVID-19 has led to a burgeoning demand for PPEs around the globe, which is estimated to be elevated during the course of the current pandemic. The COVID-19 pandemic has had such positive impact on the market due to increasing demand for a wide range of PPE, such as gloves, masks, face-shields, and coveralls, especially from the healthcare sector, to avoid the spread of the virus. These special equipment items create a barrier between the personnel and germs often found in the medical environments. The barrier blocks the transmission of contaminants from blood, body fluids, or respiratory secretions. Though it was usually used by doctors, nurses, and cleanroom workers only… now it is now also worn by patients to control the spread of germs at the source and hospitals… and on the streets. Industry reports repeatedly project substantial growth in the PPR markets. One article, by Allied Market Research projected that the global Healthcare PPE market, which was valued at $12.9 billion in 2019, is projected to reach $33.4 billion by 2027, growing at a CAGR of 12.4% from 2020 to 2027… while another report from Grand View Research projects and even higher goal saying that the Personal Protective Equipment Market will reach $123.38 Billion by 2027 at a CAGR of 9.6%... both pretty impressive numbers. Active biotech companies in the market this week include