The personal protective equipment market is set to grow at a CAGR of 6.32% during the forecast period 2019 to 2025. As per the market research report, the market will hit US$63,109.7 million in terms of valuation by the end of 2025. The market growth will be driven by rapid industrialization worldwide. Based on the research report, rising urbanization and population positively impacts will accelerate growth in the market till 2025. Although the use and maintenance of cleanliness and reliability will have a negative impact on the global personal protective equipment market’s growth during this period. Risks of further spread of the infection is predicted to be a key challenge which could become a strong threat from 2019 to 2025 to companies. The market report published by expert analysts includes primary and secondary data and suggests that product, hazard, and industry segments are anticipated to witness tremendous growth till 2025. Factors such as construction sectors led by the rapid economic growth will become key growth drivers during the forecast period and spurring growth in the automotive industries is also said to be supporting the market globally, however, the growth projected for the forecast period could be affected by lack of arrangements for proper removal and disposing of contaminated PPE which could negatively affect activities taking place across the market. Concerns regarding safe design and construction are another challenge the market could face till 2025.
The personal protective equipment market is segregated into different market segments based on product, hazard, and industry. For a comprehensive analysis of the market, the product, hazard, and industry segments are further split into smaller segments. The product segment is categorized into eye & face protection, foot & leg protection, head protection, protective clothing, respiratory protection, hands & arm protection, and others. Furthermore, based on hazard, the global market is also segmented into biological, chemical, electrical, fire, and others. Based on the market segmentation analysis, the report covers market forecasts. On the basis of industry, the global market is split into sub segments including chemicals, construction, food & beverage, healthcare, manufacturing, oil & gas, others.
Increasing product developments will support the market growth from 2019 to 2025. As per the market research report, the global market for personal protective equipment is anticipated to grow at a healthy rate across all the product, hazard, and industry segments. However, the presence of active threats such as the high cost of raw materials could hamper the market growth. Business activities across healthcare devices have also been examined and studied by healthcare devices industry’s experienced analysts. The personal protective equipment market research report covers findings with predictions and forecasts till 2025.
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The personal protective equipment market, with its product and service related segments, is spread across the world. Healthcare devices based regional markets are also covered in the market research report. The regional markets are Asia-Pacific, Europe, North America, the Middle East and Africa and the rest of the world. Growing safety concerns across the industries is anticipated to be a major factor for growth across the healthcare devices space during the forecast period. The regional market in North America is classified as the United States, Mexico, Canada, and others. The healthcare devices sector based regional markets in Europe are split into Italy, Germany, France, and the United Kingdom. In the Asia Pacific region, the market is segmented into China, India, Japan, and others. healthcare devices based businesses in these regional markets are anticipated to grow due to the adoption of industrial safety solutions during the forecast period 2019 to 2025. Although the market’s growth could be affected by price volatility & the demand-supply gap. The analysts have also segmented markets of the Middle East, Africa, and the rest of the world.
Healthcare devices based organizations are profiled in the market research report. The personal protective equipment market along with companies and segments have been studied. The analysis of healthcare devices based business is also done to identify key challenges and strengths of these companies. The global personal protective equipment market research report covers SWOT analysis, Porter’s Five Force analysis of major healthcare devices related organizations. The strategy and other key details of these companies for the forecast period 2019 to 2025 are covered in the report. The proliferation of industry 4.0 is anticipated to support the market growth as the market is set to grow at a CAGR of 6.32% and reach a value of US$63,109.7 million by 2025.
Honeywell has reached a deal to buy Norcross Safety Products L.L.C., a major producer of personal protective equipment (PPE), for $1.2 billion. Norcross, headquartered in Oak Brook, Illinois, and majority owned by Odyssey Investment Partners, provides a number of protection and safety devices for firefighters, utility employees, and general industrial workers. The deal is subject to standard closing requirements, such as regulatory approval. Norcross will become a member of Honeywell Life Protection, which is part of Honeywell's Automation and Control Systems (ACS) division. In 2007, Norcross' sales were estimated to be about $609 million.
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