Press release
With 10.8% CAGR, Emergency Escape Breathing Device Market Size Worth USD 2.59 billion by 2029
Emergency Escape Breathing Device Market
The large scale Emergency Escape Breathing Device market analysis report has been prepared by taking into account several aspects of marketing research and analysis which includes market size estimations, market dynamics, company & market best practices, entry level marketing strategies, positioning and segmentations, competitive landscaping, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, targeting key buying criteria, and in-depth benchmarking of vendor offerings. Market segmentation studies included in the wide ranging Emergency Escape Breathing Device market research report with respect to product type, applications, and geography are valuable in taking any verdict about the products.
The emergency escape breathing device market was valued at USD 1.14 billion in 2021 and is expected to reach USD 2.59 billion by 2029, registering a CAGR of 10.8% during the forecast period of 2022-2029. The "oil and gas sector" accounts for the largest end user segment in the emergency escape breathing device market, owing to the growing incidences of fatal accidents in the mining and oil and gas industries. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Emergency escape breathing devices (EEBDs) are the lifesaving devices that are used to evacuate or escape an unbreathable or poorly oxygenated environment containing hazardous conditions such as fire, smoke, poisonous gases, biological risks, and hazardous industrial and marine settings. The bag immediately provides airflow as soon as it is opened because it is a self-contained compressed air system. The device is ideal for use in restricted areas, as well as nautical, industrial, and oil and gas applications, and may be utilized for up to 15 minutes when a person wants to swiftly leave his immediate surroundings.
Drivers
• Growing Adoption of Emergency Escape Breathing Device
The increasing adoption of advanced safety system in labs, hospitals and industries for various dangerous situations such as fire, smoke, poisonous gases, biological hazards and unsafe industrial and marine environments along with the growing need of safety measures on ship are projected to be the most significant factor driving the growth for this market.
• Implementation of Safety Regulations
The implementation of stringent government regulations regarding safety and precautionary measures, especially for industries such as oil and gas, chemicals, and others, is also expected to accelerate the market's overall growth.
Furthermore, the expanding healthcare sector along with the growing awareness amongst the patients regarding the benefits of emergency escape breathing device are also expected to fuel market growth. Moreover, strong demand due to its lightweight, compact design, and user-friendly nature and the provision of learning and proper training also cushions the market's growth within the forecasted period. The rising concern regarding installation of safety equipment is also projected to bolster the market's growth.
Opportunities
• Growing Investments and Advancements
Moreover, the surging investment that will helps in the development of advanced and technical solutions coupled with surging requirement for quick and accurate results are estimated to generate lucrative opportunities for the market. The introduction of advanced products by the manufacturers will further offer numerous growth opportunities for the market.
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Global Emergency Escape Breathing Device Market Scope
The emergency escape breathing device market is segmented on the basis of product type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
• Air Supplying Breathing Apparatus
• Air Purifying Breathing Apparatus
On the basis of product type, the emergency escape breathing device market is segmented into air supplying breathing apparatus and air purifying breathing apparatus.
End User
• Marine Sector
• Oil and Gas Sector
• Others
On the basis of end user, the emergency escape breathing device market is bifurcated into marine sector, oil and gas sector and others. The oil and gas sector is estimated to have largest share over forecasted year owing to the growing incidences of fatal accidents in the mining and oil and gas industries.
Emergency Escape Breathing Device Market Regional Analysis/Insights
The emergency escape breathing device market is analyzed and market size insights and trends are provided by country, product type and end user as referenced above.
The countries covered in the emergency escape breathing device market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the emergency escape breathing device market because of the high demand for better healthcare facilities and the increasing adoption of advanced safety system within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the implementation of stringent government regulations regarding safety and precautionary measures along with the developing healthcare infrastructure within the region.
Browse the Complete Table of Content of Emergency Escape Breathing Device Market: https://www.databridgemarketresearch.com/toc/?dbmr=global-emergency-escape-breathing-device-market
Some of the major players operating in the emergency escape breathing device market are
• MSA (U.S.)
• 3M (U.S.)
• Honeywell International Inc. (U.S.)
• Dräger Nederland B.V. (Germany)
• Interspiro (Sweden)
• Cam Lock Ltd. (U.K)
• Danaher (U.S.)
• SHIGEMATSU WORKS CO., LTD. (Japan)
• Avon Protection. (U.K)
• KOKEN LTD. (Japan)
• MATISEC (France)
• Lifting tackles (India)
• VIKING LIFE-SAVING EQUIPMENT A/S (Denmark)
• F. Hoffmann-La Roche Ltd., (Switzerland)
• MeKo Laser Material Processing (Germany)
• Avon Protection (U.K)
• Shanghai Fangzhan Fire Technology Co., Ltd. (China)
Table Of Contents: Emergency Escape Breathing Device market
1 Introduction
2 Market Segmentation
3 Market Overview
4 Executive Summary
5 Premium Insights
6 Emergency Escape Breathing Device market, By Type
7 Emergency Escape Breathing Device market, By Tumor Type
8 Emergency Escape Breathing Device market, By Application
9 Emergency Escape Breathing Device market, By End User
0 Emergency Escape Breathing Device market, By Geography
11 Emergency Escape Breathing Device market, Company Landscape
12 Company Profiles
13 Related Reports
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