The global personal protective equipment (PPE) market size is projected to reach USD 92.86 billion by 2027, exhibiting a CAGR of 7.4% during the forecast period. Skyrocketing demand for PPE to protect frontline healthcare personnel from COVID-19 will surge the market growth during the current year, observes Fortune Business Insights™ in its new report, titled “Personal Protective Equipment (PPE) Market Size, Share & Industry Analysis By Product (Head Protection, Eye & Face Protection, Hearing Protection, Protective Clothing, Respiratory Protection, Fall Protection Protective Footwear, Hand Protection, and Others), By Application (Construction, Manufacturing, Oil & Gas, Chemical, Food, Pharmaceutical, Transportation, and Others) and Regional Forecast, 2020-2027”. Extensive medical research into the spread of the infection caused by the coronavirus has revealed that the virus is transmitted through droplets released by respiratory activities. According to the Royal United Hospital NHS Trust in Bath, UK, personal protective equipment is essential is protecting medical staff and patients from COVID-19 cross-infection. In the US, the Centers for Disease Control and Prevention (CDC) is taking various measures to ensure adequate availability of all types of PPE for the health workers to optimally deliver care to coronavirus patients. Thus, the COVID-19 pandemic is expected to prove beneficial for this market in 2020.
Click here to get the short-term and long-term impact of COVID-19 on this market.
Please visit: https://www.fortunebusinessinsights.com/personal-protective-equipment-ppe-market-102015
The report states that the market value was at USD 52.43 billion in 2019. It also contains the following:
Market Driver
Lucrative Growth in the Global Construction Sector to Brighten Market Prospects
The personal protective equipment market growth is strongly premised on the speedy progress of the construction industry worldwide. As per a research study published by Oxford Economics, the global construction sector will grow by 3.9% per year till 2030. The study forecasts that construction output in terms of volume will reach $15.5 trillion by 2030, soaring at a rate of 85%. Construction sites are hotbeds for workplace accidents, wherein workers get seriously injured or die, either because of malfunctioning machines or faulty or substandard protective equipment or both. As construction activities gather steam worldwide, the demand for PPE to provide sufficient protection for workers is expected to escalate. This trend will be augmented by the growing awareness among workers and employers regarding the importance of personal protective equipment in hazardous working conditions, which will further boost the market.
Strong Workplace Safety Regulations to Propel the Market in North America
Regulations governing workplace safety of workers are being constantly tightened in North America, which is one of the prominent factors enabling the region to dominate the personal protective equipment market share. Organizations such as the Occupational Safety and Health Administration (OSHA) and the
In Europe as well, regulations such as the EU Directive 2016/425, which effectively monitor the quality standards of PPE sold in the market in Europe. The market in Asia-Pacific is expected to display promising growth on account of surging construction activities and steady expansion of manufacturing sector.
Competitive Landscape
Strategic Takeovers by Top Players to Heat up Market Competition
The highly-charged competitive milieu of the PPE market is characterized by the strategic acquisition activities undertaken by prime players such as Avon and Ansell. These acquisitions are enabling these companies to deepen their footprint in the market and further strengthen their product portfolio.
Industry Developments:
List of Companies Profiled in the Personal Protective Equipment Market Report: