The global medical respiratory protective equipment market size is anticipated to reach USD 824.3 million by 2027 registering a CAGR of 8.2%, according to a new report by Grand View Research, Inc. 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.
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Medical Respiratory Protective Equipment Market Report Highlights
- Respirator mask segment is expected to register the fastest CAGR from 2020 to 2027 owing to high demand for these masks on account of growing threat of biological hazards including COVID-19, Ebola, and SARS
- Hospitals is anticipated to be the largest as well as the fastest-growing end-use segment over the forecast period on account of rising prevalence of Hospital-Acquired Infections (HAIs)
- North America is anticipated to lead the global market; however, APAC is projected to register the fastest growth rate from 2020 to 2027
- The growth in APAC is credited to the rapid expansion of medical industry and medical infrastructure development in the region
- Key players in the market are focusing on several strategies including new product developments, expansions, partnerships, and joint ventures along with backward integration
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Key Topic Covered
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Medical Respiratory Protective Equipment Variables, Trends & Scope
3.1. Market Segmentation & Scope
3.2. Market Lineage Outlook
3.3. Penetration and Growth Prospect Mapping
3.4. Industry Value Chain Analysis
3.4.1. Raw Material Trends
3.5. Regulatory Framework
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.7. Business Environment Analysis: Medical Respiratory Protective Equipment
3.7.1. Industry Analysis – Porter’s
3.7.1.1. Supplier Power
3.7.1.2. Buyer power
3.7.1.3. Threat of substitutes
3.7.1.4. Threat of new entrants
3.7.1.5. Competitive rivalry
3.7.2. PESTEL Analysis
3.7.2.1. Political Landscape
3.7.2.2. Economic Landscape
3.7.2.3. Social Landscape
3.7.2.4. Technological Landscape
3.7.2.5. Environmental Landscape
3.7.2.6. Legal Landscape
Chapter 4. Medical Respiratory Protective Equipment: Product Estimates & Trend Analysis
4.1. Product Movement Analysis & Market Share, 2019 & 2027
4.2. Surgical Masks
4.2.1. Market estimates and forecasts, by surgical masks, 2016 – 2027 (USD Million)
4.3. Respirator Masks
4.3.1. Market estimates and forecasts, by respirator masks, 2016 – 2027 (USD Million)
4.4. Others
4.4.1. Market estimates and forecasts, by others, 2016 – 2027 (USD Million)
Continue…
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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