The Smart PPE Technology market was worth USD 2.74 billion in 2020. According to projections, the market will increase at a CAGR of 16.4% from 2021 to 2028, rising from USD 3.13 billion in 2021 to USD 9.05 billion. The COVID-19 pandemic has had an unprecedented and staggering impact on the world, and smart PPE solutions have seen a rise in demand across all geographies as a result. Our analysis shows that the global market will grow significantly by 13.6% in 2020 compared to year-over-year growth between 2017 and 2019. The market's demand and expansion, which will resume to pre-pandemic levels once the pandemic is over, are what account for the steady increase in CAGR.
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Which company dominates the Global Smart PPE Technology Market?
- uvex Group (Fürth, Germany)
- Ansell Ltd. (Richmond, Australia)
- DuPont de Nemours Inc. (Delaware, U.S.)
- Intellinium (d'Azur, France)
- MCR Safety (Fürth, Germany)
- Vuzix Corporation (New York, U.S.)
What are the factors driving the growth of the Smart PPE Technology Market?
Increasing high-risk infectious diseases like Ebola, SARS, swine flu, and COVID-19, among others, are driving up demand for smart PPE technology in the healthcare sector. Due to its ability to track and analyze the environment outside, smart personal protective equipment is increasingly in demand. To enable e-health monitoring capabilities, smart gloves and protective clothing are made up of smart sensors. The collected data is then examined on a computer, and the user is provided with feedback. For instance, in India, medical staff members screened for COVID-19 more quickly by using smart helmets to measure the temperature in densely populated areas. The smart helmet measures the temperature and displays the information on its linked smartwatch.
What are the geographical insights of the Smart PPE Technology Market?
In terms of geography, the market is divided into five key areas: North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
The market share for smart PPE technology is anticipated to be dominated by North America during the forecast period. The market in the region is being driven by the rising awareness of workplace safety among employers and employees. The market is anticipated to benefit from the quick adoption of technologies like the Internet of Things, industrial IoT, connected and wearable devices, and smart sensors, among others. Additionally, in order to reduce the number of bogus claims, insurance companies in the United States have begun to take the information provided by smart personal protective equipment into account when deciding whether to sanction worker claims. Throughout the forecast period, Canada is anticipated to experience a significant CAGR in North America. 951 fatalities were reported across Canada in 2017 as a result of workplace accidents, according to the Association of Workers' Compensation Boards of Canada (AWCBC).
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An overview of the report
- The report comprehensively analyzes recent and anticipated market trends to help investors find investment opportunities.
- Market predictions through 2028, starting from estimated market values
- Market trends that are significant across industries, regions, and countries
- Market strategies and significant developments observed
- Market dynamics like drivers, obstacles, opportunities, and other trends require
- comprehensive company profiles of significant players, both established and emerging
- Emerging economies are anticipated to grow through 2028.
Analysts have segmented the "Smart PPE Technology Market" into application, type, and regional segments to aid market participants in better understanding the market. Each element clearly demonstrates the variables that are most likely to have an impact on it and the variables that are anticipated to have a limit. The reader can access specific market updates thanks to the segmented explanation. The market research report on Smart PPE Technology Market Trends also discusses evolving environmental concerns, shifting political environments, and various government approaches to regulatory reforms.
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