The global Medical Respiratory Protective Equipment market size is expected to be worth around US$ 824.2 million by 2027, according to a new report by Vision Research Reports.
The global Medical Respiratory Protective Equipment market size was valued at US$ 438.8 million in 2019 and is anticipated to grow at a CAGR of 8.1% during forecast period 2020 to 2027.
Growth Factors
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.
Report Highlights
The surgical mask segment led the market in 2019 accounting for a share of more than 50%. The segment is projected to expand further at a steady CAGR from 2020 to 2027 owing to advancements in the concerning diagnosis and medical surgery. Surgical masks are utilized by patients and healthcare professionals for protection against pathogens and harmful infections.
Supplied Air Respirator (SAR) delivers compressed air from a stationary source to a half or full facepiece mask via a hose. It is further segmented into a Self-Contained Breathing Apparatus (SCBA), full face masks, and airline respirators. SAR supplies clean air directly to the user from a clean source.
The hospital segment accounted for the largest market share of over 55% of the overall market share in 2019 and is projected to retain its dominance throughout the forecast years. Increasing demand for respiratory protection equipment, especially surgical masks, in nursing homes and hospitals owing to high risk of infectious diseases is projected to drive the segment growth. Furthermore, the introduction of favorable initiatives and reforms promoting the use of Personal Protective Equipment (PPE) in government hospitals is expected to drive the healthcare PPE market during the forecast period.
North America accounted for the maximum revenue share of 34.01% in 2019 and will retain its leading position over the forecast period. The regional growth is attributed to stringent government norms regarding the safety of patients, doctors, and other staff in hospitals and premises coupled with huge penalties for non-compliance. Europe was the second-largest regional market in 2019. An increasing number of respiratory hazards, coupled with the growing requirement for highly effective products, is expected to augment the market growth in the region over the forecast period.
Asia Pacific is projected to register the fastest CAGR of 9.05% during the forecast period owing to the significant growth of medical industries in India, China, and Southeast Asian countries. Moreover, global manufacturers are likely to establish their manufacturing facilities in the developing countries of Asia Pacific due to low production costs.
Key Players
3M Company
Honeywell International, Inc.
W. W. Grainger, Inc.
Kimberly-Clark Corp.
Delta Plus
Uvex Safety
Ansell
Market Segmentation
Product Outlook
Surgical Masks
Respirator Masks
Others
End-use Outlook
Hospitals
Home Healthcare
Outpatient/Primary Care Facilities
Others
Regional Outlook
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
The Medical Respiratory Protective Equipment market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Medical Respiratory Protective Equipment market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Medical Respiratory Protective Equipment market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Medical Respiratory Protective Equipment market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Medical Respiratory Protective Equipment market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Medical Respiratory Protective Equipment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Medical Respiratory Protective Equipment by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Medical Respiratory Protective Equipment market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Medical Respiratory Protective Equipment market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Medical Respiratory Protective Equipment market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Medical Respiratory Protective Equipment industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Medical Respiratory Protective Equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Medical Respiratory Protective Equipment market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Medical Respiratory Protective Equipment market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Medical Respiratory Protective Equipment market. These factors have benefited the growth of the global market for Medical Respiratory Protective Equipment. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Medical Respiratory Protective Equipment. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Medical Respiratory Protective Equipment are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers