Respiratory Protective Equipment Market to Cross USD 9.9bn by 2024
Sturdy product demand primarily in the emerging economies including India, China, Japan and Indonesia has been attributed to rapid development in the industrial sector. Rapidly progressing construction, aerospace, food industry, metal and various other industries in Asia Pacific has propelled product demand to a large extent which will subsequently have a positive influence on respiratory protective equipment market size by 2024. Stringent law formulations to achieve work place safety has been a key factor responsible for driving product demand which will augment overall respiratory protective equipment market size by 2024.
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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.
Respirators used in oil & gas, construction and mining industry are technically advanced and are priced significantly higher compared to conventional masks which are likely to hamper the overall respiratory protective equipment market size by 2024.
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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.
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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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.
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.
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