According to a new market research report, the Personal Protective Equipment Market by Type (Hands & Arm Protection, Protective Clothing, Foot & Leg Protection, Respiratory Protection, Head Protection), End-Use Industry (Manufacturing, Construction, Oil & Gas, Healthcare) – Global Forecast to 2027″, will be  USD 64.2 billion by 2027, at a CAGR of -1.3% from USD 68.5 billion in 2022.

This growth is primarily triggered by the rising awareness about workplace safety, stringent regulations in developed countries and outbreak of Covid-19 pandemic. According to OSHA, workplace injuries have witnessed an increase each year in the US. OSHA reported that workplace eye injury costs an estimated USD 300 million a year in medical treatment, lost productivity, and worker compensation. Data from the U.S. Bureau of Labor Statistics (BLS) also supports the fact, stating that a majority of the injured workers were not wearing PPE at the time of the accident. A number of losses, both direct and hidden costs, occur when a workplace accident occurs. Direct costs are realized at the time of accidents whereas hidden costs are realized post-accidents. As a result of increasing accidents and injuries at the workplace, the importance of work safety is rising.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=132681971

Browse
220 Market data Tables
67 Figures
285 Pages and in-depth TOC on “Personal Protective Equipment Market – Global Forecast to 2027″

This report also provides a comprehensive analysis of the companies listed below:

Honeywell International Inc. (US), DuPont De Nemours, Inc. (US), 3M Company (US), Lakeland Industries, Inc. (US), Alpha Pro Tech, Ltd. (Canada), Sioen Industries NV (Belgium), Radians Inc. (US), Kimberly-Clark Corporation (US), Ansell Ltd. (Australia), and MSA Safety Inc. (US), among others.

Personal protective equipment market had a huge demand from healthcare industry in 2020 and 2021, due to the outbreak of Covid-19. During the COVID-19 pandemic, face masks, gloves, face shields and other personal protective equipment were employed as a public and personal health control measure against the spread of SARS-CoV-2. Their use is intended as personal protection to prevent infection and as a source to control and limit the transmission of the virus in a community or healthcare setting.

Healthcare is estimated to be the largest end-use industry of personal protective equipment market in 2021

The rising prevalence of COVID-19 was a key contributor to the increase in the use of personal protective equipment globally. Factors such as the increasing demand for hospital beds and ICUs in countries with increasing incidences of COVID-19 and an increasing number of temporary hospitals are driving the demand for personal protective equipment in hospitals while treating patients. Infrastructural expansion was evident on a global scale as governments made efforts to combat the virus and care for an increasing number of patients. All these factors increased the demand for personal protective equipment in 2020 and 2021 from the healthcare industry. However, demand is expected to decrease in the coming years, as the spread of COVID-19 is decreasing in most countries and governments too have lifted the mandates for the use of face masks in public places.

Asia Pacific is projected to be the fastest growing market for personal protective equipment during the forecast period.

The Asia Pacific offers the highest opportunities for personal protective equipment as it is one of the highest affected regions due to COVID-19. Growing awareness of personnel and workplace safety are also fueling the market demand in this region. The rising industrial developments, economic growth, and favorable business practices in the Asia Pacific are driving the demand for personal protective equipment.