Personal protective equipment Market by Products, Applications & Regional Growth by 2019-2024

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Personal Protective Equipment (PPE) Market
Growth Outlook with Industry Review and Forecast
2019-2024
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Global Market Scenario of Personal Protective
Equipment (PPE) Industry

• According to industry experts, personal
  protective equipment market growth can be
  somewhat impeded by the lack of quantifiable data
  that present returns on investment on such
  devices. However, in spite of such a challenge
  increased demand for product diversity will drive
  investments, with the greatest uptake in mining,
  automotive, oil and gas, fire safety,
  manufacturing and emergency services projected to
  drive personal protective equipment industry
  growth.
• A survey of EHS directors representing 31
  countries and 25 industries in 2018 indicated
  that personal protective equipment market, which
  was valued at USD 40 billion in 2016, will
  continue to register an expansive growth over
  2017-2024. Of the 382 EHS directors who
  participated in the survey, 21 have been
  reported to say that they expect to increase
  environmental, health and safety professionals
  budgets by double digits and 48 of EHS directors
  said that even if not increased, the budget will
  remain the same as in 2017.
• It would prudent to state therefore, that safety
  and incident management are the leading concerns
  for EHS software expenditure plans. The personal
  protective equipment market is thus poised to
  garner major profits as smart and wearable
  personal protective equipment and incident
  management mobile apps come to the fore as the
  notable emerging technologies of interest in
  2018.
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• According to the Occupational Safety and Health
  Administration (OSHA), businesses spend
  approximately USD 170 billion per year due to
  illnesses and injuries sustained by employees and
  this expenditure comes directly out of the
  companys profits. OSHA estimates that companies
  can reduce injury and related costs by 20 to 40
  by establishing better safety and health
  management systems, costs that can make or break
  a company.
• OSHA cites that with better safety and healthcare
  infrastructure a Fortune Five company increased
  productivity by 13. Personal protective
  equipment market has also witnessed massive
  investments as more businesses are coming to
  realize that better workplaces necessarily mean
  more productive employees, higher-quality
  products and enhanced services. With the
  increasing popularity of wearable devices such as
  fitness trackers and smartwatches that contain
  sensors to monitor location, heart rate,
  movement, and sleep quality, the integration of
  such technology into personal protective
  equipment and work site clothing is a natural
  progression to enable enhanced on-site safety
  management.
• It is evident that wearable personal protective
  equipment market would be the recipient of major
  investments. The insurance company AIG for
  example signed a partnership with wearable
  personal protective equipment technology startup
  Human Condition Safety in 2016. Human Condition
  Safety uses the cloud computing and artificial
  intelligence technologies of the company to
  monitor health and key safety indicators.

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360 Industry Analysis

• Hazardous work environments have made the growth
  of personal protective equipment industry
  inevitable with regulatory bodies not only
  increasing stringency regarding the use of safe
  work practices but also increasing the budget for
  bringing safety into the workplace. As per
  statistics presented by the U.S. Bureau of Labor
  Statistics, private industry employers reported
  nearly 2.9 million non-fatal injuries and
  illnesses due to reasons ranging from actual
  equipment to environmental hazards.
• For instance, industrial noise, one of the most
  overlooked areas of occupational hazard, affects
  nearly 22 million U.S. workers yearly. As
  governments and personal protective equipment
  manufacturers are looking for ways to enhance
  worker health and safety without major increase
  in production costs, the personal protective
  equipment industry is projected to register
  commendable growth over 2017-2024.
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• Competitive Analysis
• Key players in this Personal Protective Equipment
  (PPE) market include 3M Company, Honeywell
  International, Inc., Alpha Pro Tech, Ansell Ltd.,
  Avon Protective Systems, Inc., JAL Group France
  SAS, COFRA S.r.l., Oftenrich Holdings Company
  Limited (Golden Chang), UVEX Safety Group Gmbh,
  Rock Fall Limited, DuPont, BartelsRieger
  Atemschutztechnik GmbH Co. KG, MSA Company,
  Mallcom, Radians, Polison Corporation, Cigweld,
  Gateway Safety, Inc.

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