Global Respiratory Protective Equipment Market- Technologies, Market share and Industry Forecast to 2024
LONDON, Oct. 18, 2018 /PRNewswire/ -- Respiratory protective equipment is a type of protective equipment's that are used to protect the individual wearers from the inhalation of hazardous substances in the workplace area.
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Rising awareness about workplace safety is the key trend for the market growth. The global respiratory protection equipment market is expected to grow with a CAGR of 6% in the forecast period. Favorable occupational safety regulation, rising incidences of respiratory diseases, emergence of infectious biological hazards and increasing awareness about importance of workplace safety are the key driving factors of the market.
On the basis of geography, North America is the dominating region of respiratory protective equipment market. The reason for dominance of North America is stringent regulation scenario for labor safety and the awareness towards the personal safety in this region. Strict regulation and rise in the workers safety awareness for the personal safety in the industries is expected to drive the market in the north North America region. Further, APAC is the fastest growing regions in the respiratory protective equipment market due to increase in the construction industry. Further, growth in the transportation and oil & gas industries in the APAC region is expected to drive the demand for respiratory protective equipment market.
On the basis of segmentation, the market for respiratory protective equipment market is categorized in to product and end-use industry. On the basis of product, the market is categorized in to air-purifying respirators and supplied air respirators. The air purifying respirators segment is expected to lead the market as it has huge demand from the healthcare and pharmaceuticals industry. On the basis of end-user industry, the market is categorized in to healthcare & pharmaceuticals, oil & gas, defense & public safety services, construction, mining and other industries. Due to increase in workforce and rising consumption of disposable respirators in the healthcare industry is expected to increase the demand in healthcare & pharmaceuticals. Further, the disposable air-purifying respirators demand is growing due to adoption in healthcare industry for from protection against biohazards and chemical hazards. Healthcare segment is expected to dominate the end use industry segment of the global respiratory protection equipment market.
Further, 3M, Honeywell international and other companies use various strategies such as merger & acquisition, collaboration, partnership and product launch whereas, acquisition is the key strategy adopted by the companies in the global respiratory protective equipment market. For example: 3M announced on October 2017 of the completion of acquisition of Scott Safety from Johnson Controls for a total enterprise value of $2.0 billion. Scott Safety is a manufacturer of safety devices such as Self-Contained Breathing Apparatus (SCBA) systems, gas and flame detection instruments. By this acquisition, 3M intend to enhance its personal safety offering business world wide.
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