Press release
What's driving the Respiratory Protective Equipment Market growth? Honeywell, Bullard, 3M, Delta Plus, Gerson, ILC Dover, Intech Safety, Alpha Pro Tech, Kimberley Clark and RSG Safety.
Respiratory Protective Equipment Market
Global Market Insights presents an extensive report on Respiratory Protective Equipment Market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.
Inherently influenced by the rising number of regulatory initiatives undertaken by international entities like NIOSH, OSHA, and ILO, respiratory protective equipment market has witnessed remarkable proceeds over the past few years. Testament to the fact is the USD 5.5. billion valuation attained by the industry in 2016, which can be primarily credited to the escalating rate of occupational respiratory disorders. As per Health and Safety Executive, approximately 12000 causalities occur from occupational lung diseases worldwide every year, out of which two third of the fraction are succumbed due to asbestos-related diseases or COPD.
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According to a new research report by Global Market Insights, Inc. Respiratory Protective Equipment Market size is anticipated to surpass USD 9.9 billion by 2024.
Growth drivers are
• Rapid industrialization in Asia Pacific
• Stringent occupational safety and health standards in North America & Europe
• Strong product demand in medical & healthcare industry in North America
• High product prices in the industrial sector
Supplied air respiratory protective equipment market size was over USD 3.9 billion in 2016. The product is majorly used in harmful, contaminated and toxic environment which lacks cleaner air for breathing. This device delivers breathable air at nominal pressure through face mask, hood or visor. It is further categorized into self-contained breathing apparatus (SCBA) and airline respirators. SCBA are usually carried by the user in oxygen deficient atmospheres to escape to safety zone in case of emergency. For instance, firefighting professionals extensively utilize these equipment to rescue human life in emergency situations.
Substantial R&D investments in the medical & healthcare sector along with strict legislations to attain health & safety measures for medical practitioners, patients, etc. in North America will majorly contribute to respiratory protective equipment market size by 2024. Furthermore, robust growth indicators in the medical & aviation industry primarily in the U.S. will further augment product demand which will help attain significant gains by 2024. Product is extensively used in military industry by the soldiers to avoid contact with toxic fumes during war situations. Furthermore, product finds widespread applications in the aviation industry primarily in the form of oxygen masks during emergency situations.
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Respiratory protective equipment market size in Asia Pacific is anticipated to rise at a CAGR of more than 8% by 2024. This is primarily due to rapid development in the industrial sector and consistently improving standards to attain work place safety for professionals which will have a positive impact on the respiratory protective equipment market size by 2024.
Medical & healthcare segment accounted for a significant market share and is likely to escalate at a CAGR of over 6.5% by 2024. Product is chiefly applicable in medical industry to provide oxygen through masks to the patient under critical health condition. In addition, surgical masks are used by medical practitioners to avoid contact with contaminants in the environment while treating patients. Other application segment is projected to rise at a CAGR close to 4.5% in the coming years. It includes personal protective respirators which are usually worn for protection against pollution, dust, contaminants, etc.
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Some of the prominent respiratory protective equipment market share players are Honeywell International, Bullard, 3M, Delta Plus, Gerson, ILC Dover, Intech Safety, Alpha Pro Tech, Kimberley Clark and RSG Safety. Most of these players are making significant investment to expand its product portfolio to expand its presence in the industry. For instance, in October 2014, Bullard launched its SparxLift Welding Helmet for supplied air. In July 2014, it also launched its personal cooling and warming devices for Spectrum Series full face supplied air respirator.
Contact Us
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
About Global Market Insights
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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