Respiratory Protective Equipment Market Size is Estimated to Witness 7.7% CAGR till 2028

The global Respiratory Protective Equipment Market size is expected to reach USD 14.46 billion by 2028, registering a CAGR of 7.7% over the forecast period, according to a new report by Grand View Research, Inc. Favorable occupational safety regulations, the emergence of infectious biological hazards, and rising incidences of mesothelioma disease are expected to boost the demand for respiratory protective equipment (RPE). The rising cases of COVID-19 resulted in the shortages of N95 masks and other particle filtering respirator masks leading to hoarding and panic buying. Export bans, trade restrictions, and government regulations led to increased prices, which is expected to augment the market growth.

Occupational safety regulations laid out by agencies, such as Occupational Safety and Health Administration (OSHA), National Institute for Occupational Safety and Health (NIOSH), European Committee for Standardization (CEN), and ISO, have resulted in a favorable environment for the adoption of RPE. Furthermore, the invoking of certain laws, such as the Defense Production Act, during the pandemic is expected to boost the market growth. Key players in the industry are developing products with distinctive features, such as powered air-purifying respirators with automatic filters to gain dominance in the global market. For instance, LG Electronics launched its face mask, which is a combination of electronic fans and HEPA filters making it an air purifier.

Related Press Release@ Respiratory Protective Equipment Market Report

Respiratory Protective Equipment Market Report Highlights

• The Supplied Air Respirators (SARs) segment is anticipated to register the fastest CAGR from 2019 to 2028 on account of increasing adoption of SAR due to their high-level respiratory protection and low weight
• The healthcare end-use segment accounted for 47.3% of the overall revenue share in 2020 owing to the outbreak of the COVID-19 pandemic, which led to the exponential demand for masks and respirators
• Asia Pacific is estimated to grow at the fastest CAGR over the forecast period on account of increasing usage of products, such as respirators and self-contained breathing apparatus, in the pharmaceutical and construction industries
• Germany accounted for the highest revenue share of the Europe regional market and will remain dominant throughout the forecast years
• This is due to the rapid growth of the residential construction industry in the country, which requires respiratory equipment to prevent inhalation of dust, gases, vapors, and mist
• Key players are engaged in launching new products as a part of their strategic initiatives
• Companies are also involved in technological advancements offering integrated solutions for eye, head, face, and respiratory protection