Respiratory Protective Equipment (RPE) Market Trend, Forecast, Drivers, Restraints, Company Profiles and Key Players Analysis by 2027
iCrowdNewswire
Sep 23, 2021
Massive industrial growth in Asia Pacific and Middle East & Africa regions, along with stringent regulatory policies promoting workplace safety, is driving the market growth.
The global respiratory protective equipment (RPE) 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 protective equipment (RPE) 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 protective equipment (RPE) market share over the forecast period.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3097
Key players operating in the global respiratory protective equipment market are
3M, Honeywell International, MSA Safety, Dragerwerk, Kimberly-Clark, Alpha Pro Tech, Avon Protection Systems, Jayco Safety Products, and Bullard, Gentex, among others.
Market Dynamics:
Increasing development of on-demand, digitally enabled, and seamlessly connected clinician-patient interactions to manage patient base is expected to drive pharma and healthcare market in the coming years. After the COVID-19 outbreak there has been a number of foundational shifts in the healthcare system. Some of the examples include increasing consumer involvement in health care decision-making, the rapid adoption of virtual health & other digital innovations, increasing focus on utilization of interoperable data & data analytics, and increased public-private collaborations in therapeutics and vaccine development. The increased public-private collaborations for vaccine development has arisen due to high pressure of regional governments. Health care providers, and other stakeholders have invested heavily to quickly pivot, adapt, and innovate therapeutics.
Surging demands and transition to patient-centric care delivery across geographies will change pharma and healthcare market trends through 2027.
Competitive Outlook:
The report focuses on current and emerging trends in the healthcare industry such as incorporation of IoT and Machine Learning to enhance efficiency of medical products. Top companies in the market are focusing on R&D activities to expand their product offerings and cater to unmet medical needs.
This report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, and recent developments in both historic and present contexts.
Further key findings from the report suggest
The escalating demand for masks, respirators, gloves, and protective gear amid the COVID-19 pandemic is positively impacting the Respiratory protective equipment market growth.
Based on type, the Air Purifying Respirators (APRs) segment dominates the respiratory protective equipment market share and is set to witness a CAGR of 7.7% through 2027 on account of extensive usage of APRs by industrial workers for protection against noxious gases and vapors.
On the basis of distribution channel, the retail sales segment is forecast to exhibit a notable growth rate of 7.7% over the analysis period.
In terms of end-use, the oil and gas industry dominated the market revenue share in 2019. However, the healthcare & pharmaceutical sector is estimated to witness the fastest growth rate of 8% through 2027. Moreover, an unprecedented demand for personal protective equipment due to the COVID-19 pandemic is further bolstering segmental growth.
The APAC region is forecast to witness the fastest growth rate of 8.6% on account of the exponential growth of the textile sector, primarily in India and China.
North America accounted for the second-largest share in the respiratory protective equipment (RPE) market in 2019 and is set to witness a notable CAGR of 7.1% over the forecast period.
Europe is forecast to register a substantial growth rate of 6.8% over the analysis period.
In April 2020, The Trump Administration collaborated with 3M, a multinational conglomerate corporation operating in the fields of worker safety, consumer goods, and U.S. health care, to import additional respirators worth USD 166.5 billion into the United States.
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/3097
For the purpose of this report, Reports and Data has segmented the respiratory protective equipment (RPE) market on the basis of type, end-user, distribution channel, and region:
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
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/3097
Thank you for reading our report. To know more about the customization feature, please get in touch with us and our team will ensure the report is customized as per your requirements.
Read More Reports:-
Thoracic Catheters Market @ https://www.google.de/url?q=https://www.reportsanddata.com/report-detail/thoracic-catheters-market
Human Growth Hormone Market @ https://www.google.fi/url?q=https://www.reportsanddata.com/report-detail/human-growth-hormone-hgh-market
Blood Bags Market @ https://www.google.sk/url?q=https://www.reportsanddata.com/report-detail/blood-bags-market
Patient Temperature Management Devices Market @ https://www.google.mu/url?q=https://www.reportsanddata.com/report-detail/patient-temperature-management-devices-market
Cochlear Implant (CI) Market @ https://www.google.com.sv/url?q=https://www.reportsanddata.com/report-detail/cochlear-implant-ci-system-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Information:
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com