DUBLIN--(BUSINESS WIRE)--The "Global Protective Clothing Market for Life Sciences Industry 2019-2028" report has been added to ResearchAndMarkets.com's offering.
The publisher predicts that the global market for protective clothing for life sciences industry would witness a CAGR of 6.26% over the forecast period 2019-2028.
The growth of this market is primarily being driven by the growing demand for protective clothing from end-users. Additionally, the large investments in research & development and the stringent rules & regulations to ensure the safety of workers at workplaces also helping in bringing growth to the market. Furthermore, the enhanced biotechnology & healthcare expenditure, along with the rising demand from developing nations for PPE, open up several new opportunities for market growth.
However, the high cost of these clothing as well as the surge in the outsourcing & automation of pharma manufacturing, are hindering the market growth. Moreover, manufacturing complexities, evolving market trends, and the stiff competition from generic products are creating hurdles in the protective clothing market for life sciences industry's growth.
The global market spans across the regions of North America, Latin America, the Middle East and Africa, the Asia-Pacific, and Europe.
The Asia-Pacific is poised to be the fastest-growing market globally during the forecasted period. The improvement in the medical hygiene standard in the region is attributable to the growth of the market in the APAC. China is the largest market in this region, holding the maximum market share. It is also one of the most lucrative markets in the world for various industries, ranging from medical products to pharmaceuticals. The country's healthcare industry is growing speedily, thanks to the rapid urbanization, increasing disease burden, favorable demographic trends, growth in income, and the economy's overall growth. This has significantly boosted the nation's protective clothing market for life sciences industry.
- Growing Demand from End-User
- Huge Investments in R&D
- Stringent Rules and Regulations
- High Cost of Protective Cloths
- Surge in Outsourcing and Automation of Pharmaceutical Manufacturing
- Growth in Biotechnology and Healthcare Spending
- Increasing Demand from Emerging Economies
- Complexity in Manufacturing
- Growing Price Competition in Generic Products and Evolving Market Trends
- Ansell Ltd
- 3M Company
- Lakeland Inc
- Bioclean (By Ansell)
- Honeywell International Inc
- Irudek Group
- Berkshire Corporation
- Tronex International Inc.
- Uvex Group
- Lindstrom Group
- WL Gore & Associates Inc
- VF Corporation
For more information about this report visit https://www.researchandmarkets.com/r/c2ckz1