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Top 10 Growth Opportunities in Personal Protective Equipment, 2024

Publisher Frost & Sullivan
Published Feb 20, 2024
SKU # MC18569124

Description

Top 10 Growth Opportunities in Personal Protective Equipment, 2024


Sustainability and Connectivity Will Be the Keys to Growth

Personal protective equipment (PPE) is a growing and lucrative industry globally.

As the PPE industry struggles with pricing pressures, growing inflation, and global economic uncertainty, successful stakeholders offer strategic product differentiation by adapting their products to changing consumer and regional preferences, and by digitalizing supply chain and company processes. More mergers and acquisitions (M&A), the adoption of PPE standards, and evolving training modules will drive the future competitive landscape.

Despite the market’s intense dynamics, at its core, the PPE industry exists to enhance worker safety, productivity, and return on investment (ROI). The major trends that will define the industry are sustainability, connectivity, and the reshoring of healthcare and industrial PPE manufacturing capabilities.

2024 promises to be a transformative year for PPE as sustainable growth practices take hold in the industry. Frost & Sullivan has identified the top 10 dynamic growth opportunities that PPE raw material suppliers, manufacturers, and distributors should leverage in 2024 for success.

Table of Contents

Top Growth Opportunities for 2024
Strategic Imperatives
Top 10 Growth Opportunities
Growth Opportunity 1: Sustainability
Growth Opportunity 2: Connectivity
Growth Opportunity 3: Reshoring
Growth Opportunity 4: Mergers & Acquisitions
Growth Opportunity 5: PPE Decontamination as a Service
Growth Opportunity 6: Changing Consumer Preferences
Growth Opportunity 7: PPE Standards Adoption
Growth Opportunity 8: Regional Differentiation
Growth Opportunity 9: Digitalization
Growth Opportunity 10: Changing Training Landscape
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