Industryno118 Aug, 2021Business
The global personal protective equipment market was valued at USD 52.7 billion in 2019 and is expected to reach USD 92.5 billion by 2025, growing at a CAGR of 8.7% during 2020-2025. The growth of this market is attributed towards the escalated need of respiratory equipment that is needed in mining, healthcare, emergency response, military enforcement and fire services. Moreover, rapid explosion of COVID-19 disease globally is escalating the demand for personal protective equipment globally this has led to shortage of supply of these products and manufacturers are emphasizing their efforts towards enhancing its supply at rapid pace.
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