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Global annual spend on PPE can hit $50-80bn; China key player: Jefferies

Post-pandemic, the PPE market could still be three times as big as pre-pandemic levels, Jefferies said

Medics in protective suits are seen in a containment zone during the ongoing Covid-19 pandemic, in Aligarh, Saturday, May 2, 2020. (PTI Photo)

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Before the mass majority feels safe, Jefferies expects 60 billion masks to be consumed annually

4 min read Last Updated : Jun 30 2020 | 12:07 PM IST

With most experts now fearing a second wave of the Covid-19 pandemic to hit the world, the global demand for personal protective equipment (PPE) such as masks, gowns and gloves could see a sharp spike and see the annual spend on PPE hit $50 – 80 billion, which is a five to eightfold increase from pre-pandemic levels, suggests a May 2020 report from Jefferies.

Post-pandemic, the PPE market, the Jefferies note says, could still be three times as big as pre-pandemic levels. PPE prices, in this backdrop, will remain elevated for the foreseeable future, even with a surge in Chinese manufacturing

Topics : Coronavirus

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