The global personal protective equipment market was valued at USD 52.7 billion in 2019 and is expected to reach USD 92.5 billion by 2025, growing at a CAGR of 8.7% during 2020-2025. The growth of this market is attributed towards the escalated need of respiratory equipment that is needed in mining, healthcare, emergency response, military enforcement and fire services. Moreover, rapid explosion of COVID-19 disease globally is escalating the demand for personal protective equipment globally this has led to shortage of supply of these products and manufacturers are emphasizing their efforts towards enhancing its supply at rapid pace.
Download Free Report Sample At: https://www.vynzresearch.com/chemicals-materials/personal-protective-equipment-market/request-sample
The sudden outbreak of coronavirus is the key factor driving the growth of the global personal protective equipment market in the current scenario. The drastic changes occurring due to COVID-19 is impacting every individual globally as a result to which demand for personal protective equipments are increasing rapidly. World Health Organization (WHO) has urged all the manufacturers of personal protective equipment globally to increase the production of these equipments on an immediate basis. According to WHO, as on 13 April 2020, the number of confirmed coronavirus cases was around 16,99,595 and confirmed deaths due to COVID-19 was around 1,06,138 globally.
Moreover, increase in the construction of infrastructure, growth in the mining due to rise in demand for natural resources and the escalation for the need of medicines leading to growth in the pharmaceutical industry are the key factors observed in the growth of the global personal protective equipment market. The increase in the construction of infrastructure is highly witnessed in the growing economies such as India, China, and Iran. The awareness of the infrastructure industry to provide with personal protective equipment to reduce the injury rate is further bolstering the growth of the global personal protective equipment market.
Geographically, Europe is the largest revenue contributor in the global personal protective equipment market due to the growth of the pandemic massively in the region. The demand for personal protective equipment has been exceeded by European Union in order to fight coronavirus. The demand of personal protective equipment from this region is 10 times more as compared to that what is available in stock. According to a report published by European Union, approximately 1,563,857 cases of COVID-19 till first week of April and total deaths registered in the region have been reported as 95,044.
Key players operating in the global personal protective equipment market are emphasizing their efforts upon strategic acquisitions in order to strengthen capabilities of research & development that supports them in providing innovative solutions to the users and thus gain competitive advantage.
Some of the major players operating the global personal protective equipment market are The 3M Company, Ansell Limited, Honeywell International Inc., Sioen Industries NV, Kimberly-Clark Corporation, E I DuPont de Nemours and Co., MSA Safety Inc., Lakeland Industries, Alpha Pro Tech, Ltd., Radians Inc., Delta Plus Group, Uvex Safety, Avon Rubber, and Metric AG.
About VynZ Research
VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies.
Contact
Manager: Client Care
Toll-Free: 18882533960
Email: kundan@vynzresearch.com
Website: www.vynzresearch.com
No comments:
Post a Comment