Global Protective Clothing Market for Life Sciences Industry - Segmented by Application (Cleanroom Clothing, Radiation Protection, Chemical Protection), by Type (Disposable, Reusable), by Products (Suits/Coveralls, Gloves, Aprons), and Region - Growth, Trends, and Forecast (2018 - 2023)
The protective clothing market for life sciences industry was valued at USD 2.49 billion in 2017 and is expected to reach USD 3.62 billion by the end of 2023, registering a CAGR of 6.45% during the forecast year (2018 - 2023). The scope of the report is limited to the type, application, and products. The regions considered in the scope of the report include - North America, Europe, Asia-Pacific, and Rest of the World.
The life sciences industry can be broadly classified into three segments - pharmaceutical, biotechnology, and medical technology (devices and diagnostics). The growth of life sciences industry is relative to the proposed expenditure in healthcare and innovation. And now-a-days, almost all the economies, specially developing economies are increasing their spending on healthcare and innovation.
Though North America accounted for the highest market share, yet Asia-Pacific is emerging as the fastest growing market, driven by establishments of local innovation centers.
Strict Regulatory Standards Pertaining to Safety of the Personnel
Protective clothing is often seen as a last line of defense for providing safety to workers from the environment. In the life sciences industry, where safety and isolation from external environment is considered to be a pre-requisite, the use of protective clothing has become mandatory. Several organizations have been involved in framing guidelines for the use of protective clothing equipment within life sciences industry. The Occupational Safety and Health Administration (OSHA) have been at the forefront of publishing standards for ensuring continual improvement of health and safety at workplaces. Other organizations, such as APIC (Association for Professionals in Infection Control and Epidemiology) and AAMI (Association for Advancement of Medical Instrumentation) offer widely accepted classification systems for use of protective apparel based on the surroundings. These standards offer guidelines stipulating the use of protective clothing in health and R&D centers.
Regulatory standards promoting the use of protective clothing are one of the key drivers for growth of protective clothing for life sciences industry.
In 2016, North America held 34% of the market share followed by Asia-Pacific and Europe. Among the countries of North America, United States occupies the major share of the market with a share of more than 85% in 2016, while Canada is expected to be the fastest growing market in this region over the next five years.
Increasing number of chronic diseases in the country, increasing M&A activity and a huge life sciences sector are making this region the major market for protective clothing
Life sciences companies in the United States are increasingly seeking for right scale in today’s global competitive environment. Some companies are focusing on pure play in one segment while others are building out their capabilities by acquiring large portfolio of businesses across a wide range of areas.
Key Developments in the Market