Europe Protective Clothing Market For Lifescience Industry Market Forecast 2019-2028
The Europe protective clothing market for lifescience industry market is predicted to register a CAGR of 5.52% over the forecast period, 2019-2028. The overall growth of the life sciences sector can be attributed to the growth of the pharmaceutical industry, which, in turn, stimulates the demand for protective clothing.
The Europe protective clothing market for lifescience industry market is further researched into market regions of France, Russia, Poland, the UK, Germany, Belgium, Russia, and the rest of Europe that includes Switzerland and the Netherlands. The Russian pharmaceutical market continues to grow, including an increase in sales. However, the market players are forced to look for new growth opportunities due to coronavirus pandemic. For instance, digitalization is already revolutionizing the health care industry. Belgium is a world leader in the pharmaceutical industry, which attributes more than 10% of total exports in the country. Both the Belgian government and the pharmaceutical industry are investing hugely in the enhancement of this sector, and significant initiatives are being taken to promote R&D and innovation. More than 140 Belgian biotechnology companies account for 16% of Europe’s turnover and almost 10% of R&D expenditure.
Poland is a lucrative market for the pharmaceutical industry, reinforced by the fact that Poland is a member of the European Union, providing the country with stability and a predictable regulatory environment. The pharmaceutical market is one of the most developing sectors in Poland. In countries like Switzerland, there is one of the world’s most distinctive life science clusters, and a dense network of companies from the biotechnology and medical technology sectors. The Netherlands is home to major life science industries, developed technologically in areas such as human and veterinary vaccines, biopharmaceuticals, and health infrastructure.
The renowned companies operating in the market include Irudek Group, Lindstrom Group, Berkshire Corporation, Uvex Safety Group, Lakeland Industries Inc, among others.
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