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The global personal protective equipment market is poised to expand at a 6.7% CAGR from 2022 to 2030. The market was valued at USD 91.6 billion in 2021. The market growth is attributed to the increasing investments by the industries in workers' safety and improving work productivity. Moreover, workers are nowadays gaining ample knowledge and awareness about PPE use and its advantages. Countries across the Asia Pacific indulging in economic development. Thus, the manufacturing, chemicals, pharmaceuticals, and construction industries are growing.in the region, creating opportunities for the PPE market to flourish in the region.
Healthcare workers operating in hazardous environments tend to get affected and are most likely to get infected. Hence it is a must to take preventive measures with protective equipment. Besides, the chemical, biohazards, radiation, heat, currents, and other such factors might harm the population working in various industries. Thus, nowadays, the sustainability and safety of workers have become a crucial part of various industries. The Occupational Safety and Health Administration (OSHA), NIOSH, and EPA, renowned organizations of the U.S. have amended stringent regulations and guidelines for industries on the mandatory use of PPE, which is benefitting the personal protective equipment (PPE) market.
Unlike other industries, the COVID-19 outbreak has impacted the supply chain and manufacturing of the PPE industry. The stringent regulations and strict lockdown implementation have kept the workers safe to get infected by the Coronavirus. For instance, in 2020, the Families First Coronavirus Response Act protected public health workers from getting affected and arranged free tests for their families.
Moreover, the COVID-19 pandemic positively affected the global PPE market growth in 2020. The use of PPE for protection has become the key factor in preventing the mitigation of the disease. Medical gloves, goggles, aprons, and other such equipment were highly used during the COVID-19 pandemic. In order to keep oneself safe, masks continued to be used by large populations as of presently. This factor is anticipated to propel the PPE demand over the coming years.
Manufacturers are focusing on the development and innovations in product development such as the use of light and comfortable equipment. Population nowadays is spending expenditures on quality products. This factor has allowed manufacturers to indulge in high-quality fabrics and materials. Besides, the trendy aesthetic and designs coupled with technology are gaining traction in the present days, aiding in the PPE market expansion.
Research Support Specialist, USA