The global Respiratory Protection market size is estimated to reach USD 10.37 Billion from USD 6.02 Billion in 2019, delivering a CAGR of 7.3% through 2027. The market growth is driven by the introduction of stringent regulatory policies pertaining to workplace safety. According to a report of National Statistics Health Safety Executives, nearly 12,000 workers die each year in the U.K., and 67% of the deaths are a result of high asbestos exposure. The safety standards set by the regulatory agencies like the OSHA (Occupational Safety and Health Administration), mainly in North America and Europe, are bolstering the demand for respiratory protective equipment from the industrial workplaces.
The expansion of transportation, construction, oil and gas, and textile industries in the Asia Pacific, particularly in China, Indonesia, India, and Vietnam, is creating lucrative opportunities for Respiratory Protection market growth.
In 2019, the Respiratory protective equipment accounted for approximately 11% of the global revenue for the protective gear market. The growing prevalence of infectious biological hazards such as Ebola Virus Disease (EVD), Middle East Respiratory Syndrome (MERS), and Severe Acute Respiratory Syndrome (SARS) are positively impacting the industry growth. Moreover, the recent coronavirus outbreak has led to unprecedented demand for protective gear from healthcare workers. The healthcare sector is generating the highest demand for the product, especially a full-face respirator in the current crisis. The escalating demand for personal protective equipment in hospitals will supplement the Respiratory Protection market share over the forecast period.
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Market Overview:
The global Respiratory Protection market has significantly grown over the recent past and is expected to register rapid growth over the forecast period. The pharma and healthcare sector is rapidly evolving with innovations in technology, increasing healthcare spending and improving healthcare facilities and systems. Many hospitals, ambulatory surgical care centers and clinics across the globe are adopting advanced devices and equipment. Revenue growth of the global Respiratory Protection market is significantly driven by factors such as increasing prevalence of chronic diseases, rapid advancements in healthcare and medical sector, high adoption of latest tools and techniques and growing funds by several public and private sectors. In addition, rising focus on drug development, increasing demand for precision medicine, high adoption of home care settings and point-of-care diagnostics, increasing investments in research and development activities are expected to drive global market revenue growth during the forecast period.
Competitive Outlook of the Global Respiratory Protection Market
The globla Respiratory Protection market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Respiratory Protection market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.
Top Companies Profiled in the Report:
3M, Honeywell International, MSA Safety, Dragerwerk, Kimberly-Clark, Alpha Pro Tech, Avon Protection Systems, Jayco Safety Products, and Bullard, Gentex, among others.
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The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview.
Respiratory Protection Market Segmentation:
- Type Outlook (Revenue, USD Billion; 2017-2027)
- Air-Purifying Respirators
- Supplied-Air Respirators
End-User Outlook (Revenue, USD Billion; 2017-2027)
- Healthcare Pharmaceuticals
- Defense Public Safety Services
- Oil Gas
- Mining
- Construction
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Direct/Institutional Sales
- Retail Sales
Geographic Segment Covered in the Report:
The Respiratory Protection report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
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