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Respiratory Protective Equipment Market 2018 Global Key Players are Alpha Pro Tech, Mine Safety Appliances, Honeywell International, Inc. RPB Safety, Bullard, Delta Plus Group and The Gerson
Respiratory Protective Equipment Market
Medical & healthcare application segment had a substantial share in respiratory protective equipment market and will witness CAGR exceeding 6.5% in the forecast period. Other applications in respiratory protective equipment consist of respirators which for protection against dust, pollution, contaminants, etc. The other applications have been estimated to grow with CAGR nearly 4.5% by 2024.
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The region has been witnessing rising proactiveness regarding worker well-being particularly in case of protection against poisonous ingredients such as solvents, harmful dusts, smoke, gases & sprays. Substantial demand from end-use industries: medical & healthcare, manufacturing, public service and military & aviation will subsequently augment respiratory protective equipment market over the forecast timeframe
Respiratory Protective Equipment Market is estimated to exceed USD 9.9 billion; according to a new research report.Global respiratory protective equipment market will have significant potential from Asia Pacific in the near future. Rising industrial sector in the growing economies including Japan, China, Indonesia and India will hold strong demand for the occupational protection by 2024.
As per a study presented by the U.S. Bureau of Labor Statistics in 2016, over 4,800 workers died from an occupational injury in the U.S. Occupational fatalities present a challenge to manufacturers in assuring employee safety. Rigorous safety norms by Occupational Safety and Health Administration (OSHA) and their enforcement in the U.S. and Western Europe will complement the industry growth in future. Several training & awareness programs by OSHA and other research institutions for instance, National Institute for Occupational Safety and Health (NIOSH) will strongly impact the respiratory protective equipment market by 2024.
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Extensive R&D in medical & healthcare sector across North America present promising growth aspects for regional respiratory protective equipment market. Also, severe legislations regarding safety measures by World Health Organization (WHO) and Center for Disease Control and Prevention (CDC), for patients, medical practitioners and visitors will propel the industry growth by 2024.
Higher prices of respirators compared to the conventional masks, owing to their technical advancement will be the only factor challenging to the respiratory protective equipment market growth in construction, oil & gas, and mining activities over the forecast period.
In 2016, supplied air respiratory protective equipment market generated revenue close to USD 4 billion. Strong demand for supplied air respirators in toxic and contaminated surroundings lacking breathable air will boost the industr by 2024.
Considerable number of nonfatal occupational accidents and work-related deaths have occurred in low- and middle-income countries in Western Pacific and South-East Asia region. These countries have a substantial share of the world’s working populace. Asia Pacific respiratory protective equipment market will observe gains over CAGR 8% in the forecast timespan. Increasing level of awareness for health & safety of employees coupled with rising incidences of respiratory diseases will fuel the industry growth in the immediate future. Positive outlook towards rising worker safety in construction, manufacturing, chemical, and food industries will augment the industry growth in the forecast period.
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Key industry participants in respiratory protective equipment market are 3M, Honeywell International, Delta Plus, Bullard, Gerson, Intech Safety, ILC Dover, Alpha Pro Tech, RSG Safety and Kimberley Clark. The giant companies have been engaged in extensive research and development of their products for providing better solutions and gaining the edge over the competitors. For example, in December 2012, Ansell launched new hybrid technology in GAMMEX N95 respirator and surgical mask. The launch was intended to expand Active Infection Protection (AIP) portfolio by reducing the risk of Healthcare Associated Infection (HAI).
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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