The respiratory protection equipment market is projected to register a CAGR of 6.5% during the forecast period.
The recent outbreak of COVID-19 has spiked the demand for healthcare protective equipment due to the rising number of cases globally. Several regulatory organizations have recommended various companies and governments to increase their manufacturing of respiratory protective equipment, including respirators and breathing apparatuses. For example, in March 2020, the World Health Organization (WHO) instructed medical device manufacturers and other industries to increase their personal protective gear supplies by 40% to meet the medical community's needs during COVID-19. Surgical masks and respirators are among the most significant aspects of critical care in healthcare, and a decrease in supply may lead to product shortages, diminished profits, and an insecure future. Already, the regional government is placing greater emphasis on centralized stock and local supply chains, as well as requiring businesses to carry out risk assessments on the impact of COVID-19 on their businesses.
The growing burden of pandemic and epidemic diseases, increasing demand for surgical procedures, including minimally invasive procedures, and increasing importance being given to the workplace regarding safety are some of the factors driving the overall market growth. The prevalence of chronic diseases is increasing across the world due to the rapidly aging population and greater longevity of people with chronic conditions, eventually leading to tremendous pressure on the healthcare system across the world. According to the statistics provided by the World Health Organization in 2019, over one-third of the European population above the age of 15 years has a chronic disease. Two out of three people reaching the retirement age are expected to have at least two chronic conditions. The WHO's research also shows that the total burden is expected to be even higher in the future if nothing is done about the growth of chronic disease cases. Since surgery addresses a broad spectrum of conditions that incur large social, economic, and health burdens, it is an indivisible and indispensable part of health systems. As a result, the number of surgical procedures has risen significantly to address the global disease burden, thus leading to a rise in the utilization and adoption of respiratory protection equipment.
Furthermore, the increasing prevalence of infectious biological hazards, such as Severe Acute Respiratory Syndrome (SARS), Middle East Respiratory Syndrome (MERS), and Ebola Virus Disease (EVD), are estimated to increase the demand for respiratory protection equipment in the future.
However, rising concern with respect to workers' safety and stringent regulatory norms may significantly contribute to the overall market growth.
Key Market Trends
Air-purifying Respirator is Expected to Hold a Major Share in the Respiratory Protection Equipment Market
The COVID-19 outbreak is likely to contribute massively toward the market's growth across the world, with various governments encouraging the habit of personal hygiene among consumers. The exponentially increasing number of cases worldwide is propelling masks as protective barriers, which help eliminate or reduce the chances of cross-contamination among surgeons and patients.
Air-purifying respirators are estimated to witness high growth due to the rising demand for these respirators from the healthcare and pharmaceutical industries. Air-purifying respirators help remove gases, vapors, aerosols, or a combination of contaminants from the air through filters, cartridges, or canisters. Air-purifying respirators are widely used in these industries, as healthcare professionals and workers in this sector are exposed to several types of blood or body fluid contamination and chemicals. Some of the major hazards included in this sector are biological hazards, drug exposures, blood-borne pathogens, and respiratory hazards. Professionals and patients use respiratory protective equipment from spreading contaminants and diseases.
Moreover, a powered air-purifying respirator (PAPR) uses a blower instead of lung power to draw air through the filter. It offers integrated protection against multiple hazards, helping provide respiratory, head, face, eye, and hearing protection. This PAPR segment is estimated to grow during the forecast period.
North America is Expected to Hold a Significant Share in the Market During the Forecast Period
The COVID-19 pandemic has also increased the demand for respirators in North America, as the cases were comparatively high in this region. The National Council of Textile Organization and companies, like Honeywell and Parkdale Mills, have helped the United States build up a cost-effective domestic respirator/mask capacity, measuring in hundreds of millions. For example, in March 2020, Honeywell expanded its production capabilities in Phoenix to produce N95 face masks in support of the US government’s response to the novel COVID-19 pandemic, to offer more protection to healthcare workers performing medical procedures that expose them to patients’ respiratory secretions.
North America is expected to dominate the overall market throughout the forecast period. The United States holds the largest market share in the region, due to better regulations of respiratory protective equipment and growing awareness among the population regarding the use of such protective gear. In addition, the high healthcare spending and widespread consumption of respiratory protection equipment in the military and law enforcement are also contributing to the market growth in North America. The companies also have a well-established direct channel collaboration with hospitals and clinics to serve the market studied.
The respiratory protective equipment market is fragmented and competitive in nature, and it consists of several major players. In terms of market share, a few of the major players are currently dominating the market, namely 3M, AlphaProTech, Bullard, Delta Plus Group, Dragerwerk AG & Company KGaA, Gentex Corporation, Honeywell International Inc., Moldex-Metric, MSA Safety Incorporated, Prestige Ameritech, and Uvex Group.
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1.2 Scope of the Study
4.2 Market Drivers
4.2.1 Growing Burden of Pandemic and Epidemic Diseases
4.2.2 Increasing Demand for Surgical Procedures Including Minimally Invasive
4.2.3 Increasing Importance Given to Workplace Safety
4.3 Market Restraints
4.3.1 High Cost of Respirators and Presence of Substandard Respirators
4.3.2 Issues Regarding Disposal and Reusability
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1.1 Air-purifying Respirator
5.1.2 Powered Air-purifying Respirator
5.1.3 Supplied Air Respirator
5.1.4 Self-contained Breathing Apparatus
5.1.5 Other Product Types
5.2 By End User
5.2.1 Medical and Healthcare
5.2.2 Manufacturing Industry
5.2.3 Other End Users
5.3.1 North America
184.108.40.206 United States
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
188.8.131.52 South Africa
184.108.40.206 Rest of Middle-East and Africa
5.3.5 South America
220.127.116.11 Rest of South America
6.1.4 Delta Plus Group
6.1.5 Dragerwerk AG & Company KGaA
6.1.6 Gentex Corporation
6.1.7 Honeywell International Inc.
6.1.9 MSA Safety Incorporated
6.1.10 Prestige Ameritech
6.1.11 Uvex Group
6.1.12 Ansell Ltd
6.1.13 Avon Rubber PLC
6.1.15 ILC Dover LLP