COVID-19 cases hit 2 million, a look at coronavirus prevention companies
COVID-19 cases globally have hit 2 million! There are now 2,000,231 reported COVID-19 cases worldwide, with 126,758 deaths and 484,729 recovered, as of April 15, 2020. The US continues to lead with a total of 614,246 cases and 26,064 deaths. Today we look at some of the companies involved in COVID-19 prevention.
Global coronavirus cases hit 2 million of which almost 1.4 million cases are still active
Global daily coronavirus cases appear to be plateauing and maybe decreasing
What’s next with coronavirus?
Coronavirus prevention companies
Face mask and protective clothing companies (ideally the N95 face mask)
The N95 (or higher, E.g: N99) face masks are the industry standard of masks that are effective at blocking coronavirus. The global N95 mask market is forecast to grow to US$382 million and at a CAGR of 9% from 2020 to 2024.
- 3M Company (NYSE: MMM) – The U.S. government and 3M have a plan to produce 166.5 million masks over the next three months to support health-care workers in the United States. They will primarily come from its manufacturing facility in China. 3M plans to make 2 billion N95 masks globally within the next year.
- Honeywell International Inc. (NYSE: HON) – Is a world leading brand in personal protection equipment including protection from airborne particulates, and the manufacture of N95 masks.
- Kimberly-Clark Corporation (NYSE: KMB) – An American company that manufacturers diapers, tissues, paper towels, incontinence care products, surgical gowns, and disposable face masks.
- Prestige Ameritech (private) – An American manufacturer of face masks, respirators, medical goggles, surgeons masks, and other products.
- Alpha Pro Tech Ltd. (NYSE: APT) – Is a Canadian company developing, manufacturing and marketing a line of disposable protective apparel and infection control products for the clean room, industrial, pharmaceutical, medical and dental markets. They also make face masks.
- Lakeland Industries Inc. (NASDAQ: LAKE) – Is an international protective clothing provider. Its key products include disposable protective clothing, chemical protective suits, fire fighting and heat protective apparel, as well as face masks.
- Teleflex Incorporated (NYSE: TFX) – Manufactures diagnostic and therapeutic procedures in critical care and surgical applications, as well as a face mask maker.
Even GM has starting making face masks, as well as numerous other global companies, many based in China.
Some hand sanitizer companies
The global hand sanitizer market is expected to grow from US$ 1.2 billion in 2019 to US$ 2.14 billion by 2027, at a CARG of 7.5% during the forecast period 2019-2027.
- Edgewell Personal Care Company (NYSE: EPC) – The maker of ‘Wet Ones’. They also make feminine, skin, pet and sun care product.
- Reckitt Benckiser Group PLC (LN: RB | OTC: RBGLY) – The maker of well known products Dettol and Lysol.
- Johnson & Johnson (NYSE: JNJ) – As a global leading personal care manufacturer they make sanitizers and disinfectants.
- Unilever PLC (NYSE: UL | LN: UN) – Is a global leading consumer products company. They own a huge number of well known brands. They make soap and hand sanitizer.
- The Procter & Gamble Company (NYSE: PG) – Is a well known American maker of diapers, home cleaning supplies, including hand sanitizers.
Even France’s Danone (FR: BN | OTCQX: DANOY) and New Zealand’s Fonterra Co-operative Group Limited (NZ: FCG) have started to get involved. Other well known but private companies are Haggard & Stocking Associates Inc., Gojo Industries Inc. and Vi-Jon Inc.
Closing remarks/What’s next?
New daily global coronavirus cases have started to plateau and perhaps even decrease. With much of the global economy crippled, governments are looking at ways to loosen restrictions and re-start their economies. China and South Korea have both led the way in terms of ‘flattening the curve’, and the Chinese economy is now back to work. A few European countries are now loosening restrictions. Those countries include Italy, Spain, Austria, the Czech Republic and Denmark.
As restrictions are lifted the importance of personal protection using face masks, hand sanitizers, and the use of social distancing will become more important. The companies involved in these areas should do well over the next 6 months as the world tries to get back to normal again.
Matthew Bohlsen is a Senior Editor for InvestorIntel.com. With a Graduate Diploma in Applied Finance and Investment, and a Graduate Diploma in Financial Planning. He ... <Read more about Matthew Bohlsen>