May 26, 2021
According to the research report titled ‘Global Respiratory protective equipment Market Size study, by Product (Air purifying respirator, Supplied air respirator and Others), Application (Industrial, Medical & healthcare, Military & aviation, Public service and Consumer) and Regional Forecasts 2020-2027’, available with Market Study Report, global respiratory protective equipment market was remunerated USD 4.38 billion in 2019 and is anticipated to record 8.2% CAGR over 2020-2027, amassing USD 8.23 billion by the end of the forecast timeframe.
Surging demand from healthcare industry, strict regulatory policies, and rising cognizance regarding workplace safety are the key drivers of global respiratory protective equipment market growth. Moreover, in recent years, the COVID 19 pandemic has pulled the death toll to a staggering number, consequently boosting demand for emergency equipment like RPE.
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For those unaware, respiratory protective equipment (RPE) is worn to protect the wearer from inhaling harmful compounds in the air.
Speaking of the factors negatively impacting worldwide respiratory protective equipment industry remuneration, hefty costs of supplied-air respirators continues to pose a major threat to businesses in this vertical.
Elaborating on product type, the industry is split into supplied air respirator, air purifying respirator, and others. With respect to application spectrum, the market is categorized into consumer, public service, military & aviation, medical & healthcare, and industrial.
Considering the geographical ambit, North America respiratory protective equipment industry has witnessed significant growth in the recent past creditable to presence of strict norms and rising cognizance regarding workplace safety among employees in most industries.
On the other hand, Asia Pacific industry is projected to amass notable returns over the coming years, owing to strong presence of primary industries such as oil & gas, mining, along with rapid industrialization, increasing number of construction activities, rise in pollution levels, and outbreak of COVID-19 virus.