Expansions and new product launches are the key strategies adopted by leading players to strengthen their position in the respiratory protection equipment market
The respiratory protection equipment market is estimated at USD 5.25 billion in 2017 and is projected to reach USD 7.28 billion by 2022, at a CAGR of 6.8% from 2017 to 2022. New product launches, expansions, mergers & acquisitions, and contracts & agreements are strategies adopted by key players to strengthen their position in the respiratory protection equipment market. The maximum number of strategic developments took place in the North American region between January 2013 and September 2017.
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The key players operating in the respiratory protection equipment market include Honeywell International (US), 3M (US), Kimberly-Clark (US), Avon Protection Systems (US), MSA Safety (US), Alpha Pro Tech (Canada), Bullard (US), Dragerwerk (Germany), Gentex (US), and Jayco Safety Products (India).
3M is the leading respiratory protection equipment manufacturer in the world. The company offers reusable respirators, powered & supplied air purifiers, and disposable respirators. These respirators provide protection against airborne particles, biohazards, chemicals, radiological & nuclear wastes, gas, vapors, and smoke. The company serves the manufacturing, healthcare, construction, law enforcement, oil & gas, mining, and food industries, among others. In October 2017, 3M entered completed its acquisition of Scott Safety (Canada), a subsidiary of Johnson Controls International PLC (Ireland). This acquisition helped the company enhance its respiratory protection offerings.
MSA Safety is another leading manufacturer of respiratory protection equipment, globally. The company offers different types of respiratory protection equipment, including airline respirators, full face masks, SCBA parts & accessories, self-contained breathing apparatus, and powered air purifying respirators, among others. The company focuses on new product launches and contracts & agreements to strengthen its market presence. For instance, in June 2015, the company introduced the G1 Supplied Air Respirator (SCBA), which is an advanced, comfortable, streamlined, balanced, configurable, and customizable breathing apparatus. In June 2016, the company entered into a supply contract with Fire and Rescue New South Wales (Australia). This contract helped the company ensure the long-term supply of its products.
Dragerwerk is one of the largest respiratory protection equipment manufacturers in Germany. The company offers purifying respiratory protection, heavy respiratory protection, and escape equipment for industries such as manufacturing, chemical, and firefighting. In June 2015, the company launched the X-plore 8000, which is a powered air-purifying respirator (PAPR) especially meant for the chemical industry. The product provides optimum protection against toxic gases. This launch helped the company to attract new customers and capture additional market shares.
Adoption of stringent regulatory framework is expected to drive the growth of the respiratory protection equipment market across the globe
The respiratory protection equipment market is estimated at USD 5.25 billion in 2017 and is projected to reach USD 7.28 billion by 2022, at a CAGR of 6.8% from 2017 to 2022. The market has been segmented on the basis of product type, end-use industry, and region. By product type, the air-purifying respirators segment is projected to grow at the highest CAGR during the forecast period from 2017 to 2022. This high-growth is mainly due to the low cost and high consumption of air-purifying respirators in the healthcare industry.
Respiratory protection equipment is a type of personal protective equipment used to protect an individual against the inhalation of hazardous chemicals and gas. Respirators and breathing apparatus are collectively known as respiratory protection equipment. This equipment is required when cutting materials such as concrete, wood, or stone; or handling dusty powder and a liquid containing volatile solvents. It is also used in places where the oxygen level is low, such as a tank or chamber. There are mainly two types of respiratory protection equipment, namely, air-purifying respirators that filter contaminated air and supplied air respirators that supply clean air. Both types are available with a range of hoods, masks, visors, helmets, and blouses, and are mainly used for protection against fumes, vapors, and dust.
By product type, the air-purifying respirators segment led the respiratory protection equipment market in 2016, and this trend is projected to continue during the forecast period owing to the high consumption of disposable air-purifying respirators in manufacturing and healthcare industries. Air-purifying respirators provide protection against particulates including nuisance dust, fumes, mists, toxic dust, radon daughters, asbestos-containing dust or fibers, or any combination of these substances; and vapors and harmful gases. However, these respirators cannot be used in an oxygen deficient environment. Hence in industries like defense & public safety, mining, and oil & gas, the supplied air respirators are commonly used.
By end-use industry, the healthcare & pharmaceuticals segment accounted for the largest share of the respiratory protection equipment market in 2016. This segment is also projected to grow at the highest CAGR between 2017 and 2022. Global healthcare expenditures are rising due to the growing health awareness and increasing income level. The increasing workforce in the healthcare industry is expected to trigger the growth of the respiratory protection equipment market in the healthcare & pharmaceuticals industry.
By region, the Asia Pacific respiratory protection equipment market is projected to grow at the highest CAGR from 2017 to 2022. The growing healthcare spending and increasing surgical workforce in emerging economies of the Asia Pacific region, coupled with the rising focus on workplace safety, are primarily responsible for the growing consumption of respiratory protection equipment in the Asia Pacific region.
Demand for multipurpose respiratory protection equipment offers a lucrative opportunity for the manufacturers. The current market for respiratory protection equipment is focused on high performance and reasonably priced products. Many customers prefer multi-functional respiratory protection equipment that serves more than one function. In general, a respiratory protection equipment is designed for protection against respiratory hazards. Hence this can be an opportunity for other market players to come up with a multifunction respiratory protection equipment.
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