PUBLISHER: The Business Research Company | PRODUCT CODE: 1414539
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414539
“Respiratory Protection Equipment Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on respiratory protection equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for respiratory protection equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The respiratory protection equipment market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Respiratory Protective Equipment (RPE) constitutes specialized personal protective gear tailored to safeguard individuals against inhaling harmful substances or airborne contaminants that could pose respiratory risks. This equipment finds application across diverse industries such as pharmaceutical manufacturing, transportation manufacturing, construction safety, healthcare, and emergency services.
The primary categories of Respiratory Protective Equipment are Air-Purifying Respirators (APR) and Supplied Air Respirators. Air-Purifying Respirators (APR) fall under the umbrella of Personal Protective Equipment (PPE) and are strategically designed to shield individuals from inhaling hazardous airborne particles, gases, vapors, or fumes. This category encompasses various filters, including particle, gas and vapor, and combined filters, with distribution channels spanning direct, institutional, and retail avenues. Key end-users of these products span sectors such as oil and gas, fire services, petrochemical or chemical, industrial, pharmaceuticals, construction, healthcare, mining, and others.
The respiratory protection equipment market research report is one of a series of new reports from The Business Research Company that provides respiratory protection equipment market statistics, including respiratory protection equipment industry global market size, regional shares, competitors with a respiratory protection equipment market share, detailed respiratory protection equipment market segments, market trends and opportunities, and any further data you may need to thrive in the respiratory protection equipment industry.
The respiratory protection equipment market size has grown strongly in recent years. It will grow from $10.44 billion in 2023 to $11.22 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The expansion observed during the historical period can be attributed to several factors. These include a surge in cancer incidence, a growing aging population, an increased demand for precision medicine, a preference among patients for non-invasive procedures, and notable advancements in the field of radiotherapy.
The respiratory protection equipment market size is expected to see strong growth in the next few years. It will grow to $15.06 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The anticipated growth in the forecast period can be linked to several factors, including the escalating global burden of cancer, advancements in oncology research, broader access to healthcare services, increased awareness and education, and the integration of multidisciplinary approaches. Key trends expected in the forecast period encompass the increased integration of proton therapy, a shift towards outpatient and freestanding centers, a focus on patient-centric treatment planning, a proliferation of clinical evidence and research, and the adoption of telemedicine and remote treatment planning.
The respiratory protective equipment market is anticipated to experience growth, driven by an escalating demand from the military and aviation sectors. The military and aviation sectors encompass industries engaged in the development, production, and maintenance of military equipment and aircraft. Within a country's government, the military sector is responsible for national defense and security, while the aviation sector focuses on the design, development, production, operation, and maintenance of aircraft. Respiratory protective equipment (RPE) plays a crucial role in military operations, safeguarding personnel from various respiratory hazards. Moreover, it finds applications in the aviation sector, particularly in emergency response and firefighting, providing protection against chemical, biological, radiological, and nuclear threats during combat and military operations. This surge in demand is exemplified by statistics indicating a substantial increase in passenger numbers for major Canadian airlines in March 2022, as well as significant values in UK security export sales and defense orders in 2021, highlighting the global trend driving the respiratory protective equipment market.
The growth of the respiratory protective equipment (RPE) market is expected to be fueled by an increase in the aging population. The term aging population refers to the rising median age within a population due to declining fertility rates and increased life expectancy. The elderly population faces a higher risk of severe illness or complications from respiratory infections, primarily due to age-related changes such as a weakened immune system and decreased lung function. As an example, projections from the ARC Centre of Excellence in Population Ageing Research indicate a significant increase in Australia's population aged 65 and over by 2041. This demographic shift, marked by a 54% increase from 2021 to 2041, underscores the heightened demand for respiratory protective equipment to address the specific needs and vulnerabilities of the aging population.
The prevailing trend in the respiratory protective equipment market revolves around product innovation, with major industry players strategically focusing on developing cutting-edge solutions to enhance their market positioning. A notable example is Honeywell International Inc., a prominent US-based conglomerate corporation, which introduced two new NIOSH-certified respirators in May 2022. The N95 respirator (DC365 Small Surgical N95 Respirator) and the innovative half-mask respirator (RU8500X series) are specifically tailored to address the needs of healthcare personnel, providing comfort during prolonged use. These additions to Honeywell's personal protective equipment portfolio not only elevate its standing but also contribute to creating safer environments conducive to human health. The reusable half-mask respirator, equipped with a filtered exhalation valve and a HEPA P100 filter, offers high-performance protection (99.9%) and effective source control, benefiting both the wearer and those in proximity.
Leading companies in the respiratory protective equipment market are actively pursuing innovative solutions such as the SALUS-HC powered air-purifying respirator to fortify their market presence. Bullard, a US-based personal protective equipment manufacturer, launched the SALUS-HC PAPR in August 2021, designed to shield healthcare workers from particulates and biological aerosols, including viruses and bacteria. With features such as a 1,000 Assigned Protection Factor, two distinct audible alarms, a durable 10,000-hour brushless motor, and a single combination filter for easy installation, this PAPR is well-suited for healthcare settings.
In August 2021, Gentex Corporation, a US-based electronics and technology company, successfully completed the acquisition of Filter Design Company (FDC) and Core Protection Systems (Corpro) for an undisclosed sum. This strategic acquisition positions Gentex to leverage the exceptional design and manufacturing capabilities of FDC and Corpro in the field of filters. The move enhances Gentex's competitiveness in the global respiratory protection market while solidifying its position as a leading integrator of head-borne systems solutions. Moreover, the acquisition facilitates Gentex's expansion of original equipment manufacturer (OEM) filtration offerings, establishing the company as a premier source of filtering expertise on a global scale. FDC and Corpro, both UK-based manufacturers, specialize in the production of a diverse range of respiratory protection equipment.
Major companies operating in the respiratory protection equipment market report are 3M Company, Bullard Company, Honeywell International Inc., DuPont de Nemours Inc., Ansell Ltd., Delta Plus Group, Intech Safety Pvt Ltd., MSA Safety Incorporated, ILC Dover LP, Avon Protection plc, Kimberly-Clark Worldwide Inc., Uvex Group, Gentex Corporation, Moldex-Metric INC., Dragerwerk AG And Co. KGaA, Cam Lock Ltd., Binary Lab, Scandia Gear Europe B.V., Imbema Cleton BV, Alpha ProTech Engineered Products Inc., Jayco Safety Products Pvt. Ltd., Johnson Controls International plc, Lakeland Industries Inc., Venus Safety & Health Pvt. Ltd., North Safety Co.Ltd., Ocenco Inc., Polison Corporation, Prestige Ameritech company, RPB Safety LLC, Scott Safety, Shigematsu Works Co. Ltd., Sundstrom Safety AB, The Gerson Company, The Safety Zone LLC
North America was the largest region in the respiratory protection equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global respiratory protection equipment market report during the forecast period. The regions covered in the respiratory protection equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the respiratory protection equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The respiratory protective equipment market consists of sales of filtering face pieces, breathing apparatus, powered air-purifying respirators, masks, and half-face respirators. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.