Growth Drivers
According to the World Health Organization, zoonotic diseases hold a 60% share of all emerging infectious diseases, in the last three decades, more than 30 newly emerged human pathogens are detected as zoonoses. Moreover, every year around 1 billion individuals die of zoonoses.
The surge in healthcare expenditure has accelerated the manufacturing of medical clothing at a rapid pace to facilitate their use at every healthcare facility. For instance, the World Bank estimates that worldwide health spending contributed to 9.83% of global GDP in 2019.
In 2019, there were around 1300 hospitals in Australia, nearly 11,000 hospitals in Colombia, and approximately 3000 hospitals in Germany.
Challenges
Base Year |
2022 |
Forecast Year |
2023-2033 |
CAGR |
~8% |
Base Year Market Size (2022) |
~ USD 100 Billion |
Forecast Year Market Size (2033) |
~ USD 180 Billion |
Regional Scope |
|
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
8.3% |
Base Year Market Size (2024) |
USD 117.97 billion |
Forecast Year Market Size (2037) |
USD 334.99 billion |
Regional Scope |
|
Author Credits: Radhika Pawar
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