Press release
Respiratory Protective Equipment Market to get significant proceeds by 2024
Respiratory Protective Equipment Market
On the basis of geographical trends, North America region is expected to hold a substantial share of respiratory protective equipment market size by 2024. Increasing investments in R&D activities by industry players to develop key medical products along with the expansion of healthcare sector, where the products witness extensive penetration in order to maintain environmental sanitation and comply with stringent regulatory framework in the region.
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Growth drivers are
1. Rapid industrialization in Asia Pacific
2. Stringent occupational safety and health standards in North America & Europe
3. Strong product demand in medical & healthcare industry in North America
Asia Pacific respiratory protective equipment market is expected to register a notable 8% CAGR between 2017-2024. Rapid industrial development and proliferation of construction activities in the Asia Pacific region will certainly boost the product demand in the near future. Numerous giants and manufacturers have started making huge investments in new construction projects across economies like India, Japan, and China. Due to these substantial factors, the region is considered to be one of the most opportunistic avenues for respiratory protective equipment market.
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There has been escalating demand for residential complexes and smart buildings due to rise in disposable income, attributed to the rapid economic growth of various countries across APAC region. With mounting construction activities, technology is enabling leading respiratory solution providers to offer a greater level of protection with high worker comfort at cost-effective prices. Similar developments will certainly aid in meeting consumer demand without comprising the quality standards and propel respiratory protective equipment market trends over the coming years.
Leading market players
Key industry participants in the market are Honeywell International, Gerson, Delta Plus, Bullard, Intech Safety, Alpha Pro Tech, ILC Dover, RSG Safety and Kimberley Clark, among others. Owing to lucrative investments by leading companies paired with stringent regulatory framework with regards to safety of workers, respiratory protective equipment market is certain to witness substantial proceeds in the forthcoming years.
Read more: https://www.gminsights.com/industry-analysis/respiratory-protective-equipment-market
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