The global medical respiratory protective equipment market size is anticipated to reach USD 824.3 million by 2027 registering a CAGR of 8.2%, according to a new report by Grand View Research, Inc. Growing utilization of respiratory and other protective equipment including surgical masks in healthcare sector is expected to drive the market.
Medical industry is characterized by exposure to various biological agents including bacteria, fungi, viruses, and endoparasites. The frontline workers in healthcare sector are under the threat of being infected by these harmful biological agents. Thus, high risk of biological hazards including COVID-19, Ebola, and SARSis expected to boost the product demand, thereby driving the market.
Among the service industries, medical industry employs a greater proportion of respirators as the chances of getting infected by airborne contaminants is higher as compared to that in other industries. Growing health concerns are also expected to boost the market growth over the forecast period.
Companies are focusing on operating throughout the value chain to gain dominance in the global market. This provides them with advantages, in terms of procurement of raw materials and distribution of finished products, thus maintaining the economies of scale at an optimum level. 3M, Honeywell International, and DuPont are few companies operating across the value chain.
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Respirator mask segment is expected to register the fastest CAGR from 2020 to 2027 owing to high demand for these masks on account of growing threat of biological hazards including COVID-19, Ebola, and SARS
Hospitals is anticipated to be the largest as well as the fastest-growing end-use segment over the forecast period on account of rising prevalence of Hospital-Acquired Infections (HAIs)
North America is anticipated to lead the global market; however, APAC is projected to register the fastest growth rate from 2020 to 2027
The growth in APAC is credited to the rapid expansion of medical industry and medical infrastructure development in the region
Key players in the market are focusing on several strategies including new product developments, expansions, partnerships, and joint ventures along with backward integration
Grand View Research has segmented the global medical respiratory protective equipment market on the basis of product, end use, and region:
Medical Respiratory Protective Equipment Product Outlook (Revenue, USD Million, 2016 - 2027)
Surgical Masks
Respirator Masks
Others
Medical Respiratory Protective Equipment End-use Outlook (Revenue, USD Million, 2016 - 2027)
Hospitals
Home Healthcare
Outpatient/Primary Care Facilities
Others
Medical Respiratory Protective Equipment Regional Outlook (Revenue, USD Million, 2016 - 2027)
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Russia
Spain
U.K.
Asia Pacific
China
Japan
India
South Korea
Indonesia
Australia
Thailand
Malaysia
Central & South America
Brazil
Argentina
Middle East
Saudi Arabia
UAE
Africa
South Africa
List of Key Players of Medical Respiratory Protective Equipment Market
3M Company
Honeywell International, Inc.
W. W. Grainger, Inc.
Kimberly-Clark Corp.
Delta Plus
Uvex Safety
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