Report Ocean presents a new report on Personal Protective Equipment Market size share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future.
Global Personal Protective Equipment Market is valued approximately at USD 48.4 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2020-2026.
The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
Personal protective equipment (PPE) are the tools that ensure the basic safety and health protection of users. PPE is any appliance or device designed to be worn by an individual to minimize the exposure to hazard causing serious injury and illness in the workplace.
Personal protective equipment includes items such as protective gowns, face shields, surgical masks, protective goggles, Shoes, disposable gloves and others. The rising COVID-19 pandemic threatens the healthcare system across the world. The adoption of stringent regulatory framework regarding safety of workers and rising COVID-19 cases across the world are the few factors responsible for growth of the market over the forecast period. For instance according to Worldometer, the number of confirmed Corona virus positive cases were 580 on 22 January 2020 and has risen to 2.5 million number of positive corona virus cases on 21 April 2020, across the world.
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Furthermore, the introduction of products and strategic alliance by various market players will create a lucrative demand for this market. For instance, as per company’s news release on 15th April 2020, DuPont launched #TyvekTogether, a new program to increase the overall availability of Tyvek personal protective garments to help combat the spread of COVID-19 and protect health care workers. However, high price of specialized clothing is the major factor restraining the growth of global Personal Protective Equipment market during the forecast period.
The regional analysis of global Personal Protective Equipment market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world due to the existing infrastructure and major players in this region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.
Major market player included in this report are:
Honeywell International Inc.
E I Dupont De Nemours and Co.
MSA Safety Inc.
Lakeland Industries, Inc.
Alpha Pro Tech, Ltd.
Sioen Industries NV
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Hands & Arm Protection Equipment
Foot & Leg Protection Equipment
Respiratory Protection Equipment
Eye & Face Protection Equipment
Head Protection Equipment
By End-Use Industry:
Oil & Gas
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Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Personal Protective Equipment Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
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