Product line extension will be vital in a mature, consolidated market, finds Frost & Sullivan's Visionary Science Team
SANTA CLARA, Calif., Nov. 13, 2018 /PRNewswire/ -- A mature, consolidated North American respiratory protection equipment market is witnessing moderate growth driven by mandatory health and safety regulations and
"In the coming years, product development will pivot on wearer comfort and technology integration to enhance worker safety. Market participants have already introduced smart respirators by incorporating devices such as sensors, monitoring systems, and thermal imaging cameras, which enhance the efficiency and safety of end users," said Hrishikesh Vikas Dhatrak, Research Analyst, Visionary Science, Frost & Sullivan. "Furthermore, connectivity, coupled with the Internet of Things, is expected to provide lucrative opportunities for technology advancements."
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To gain a competitive advantage, Dhatrak recommends that small market participants emulate market leaders such as 3MScott Safety, MSA, Honeywell, Moldex, and Draeger, and extend product lines to expand the product reach. This is likely to provide maximum market exposure.
Key trends creating growth opportunities in the market include:
"The respiratory protection equipment industry is negatively impacted by a lack of innovation. Furthermore, factors such as development and testing costs have emerged as key deterrents for the innovation of new products," noted Dhatrak. "OSHA budget cuts are also expected to affect compliance rates and market growth."
North American Respiratory Protection Equipment Market, Forecast to 2022 market intelligence identifies disruptive market and technology trends, drivers and restraints, market share and competitive analysis. Market engineering measurements, revenue forecast by end user and country, and competitive factors are provided for segments including disposable respirators, non-disposable respirators, powered air purifying respirator, self-contained breathing apparatus, escape respirator, and airline respirator.
North American Respiratory Protection Equipment Market, Forecast to 2022 is the latest addition to Frost & Sullivan's Visionary Science research and analysis available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
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SOURCE Frost & Sullivan
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