Global Emergency Escape Breathing Device Market – Industry Trends and Forecast to 2029

Global Emergency Escape Breathing Device Market Analysis and Size

The increasing number of cases such as dangerous situations involving fire, smoke, poisonous gases, biological hazards, and unsafe industrial and marine environments has resulted in an increase in demand for technological advancements and product innovations in the emergency escape breathing device, which has gained traction around the world. Consequently, such growth determinants within the market are projected to show lucrative growth over the forecasted period.

• The emergency escape breathing device market was valued at USD 1.14 billion in 2021 and is expected to reach USD 2.59 billion by 2029, registering a CAGR of 10.8% during the forecast period of 2022-2029. The "oil and gas sector" accounts for the largest end user segment in the emergency escape breathing device market, owing to the growing incidences of fatal accidents in the mining and oil and gas industries. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Global Emergency Escape Breathing Device Market Definition

Emergency escape breathing devices (EEBDs) are the lifesaving devices that are used to evacuate or escape an unbreathable or poorly oxygenated environment containing hazardous conditions such as fire, smoke, poisonous gases, biological risks, and hazardous industrial and marine settings. The bag immediately provides airflow as soon as it is opened because it is a self-contained compressed air system. The device is ideal for use in restricted areas, as well as nautical, industrial, and oil and gas applications, and may be utilized for up to 15 minutes when a person wants to swiftly leave his immediate surroundings.

Report Scope and Market Segmentation

Emergency Escape Breathing Device Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Growing Adoption of Emergency Escape Breathing Device

The increasing adoption of advanced safety system in labs, hospitals and industries for various dangerous situations such as fire, smoke, poisonous gases, biological hazards and unsafe industrial and marine environments along with the growing need of safety measures on ship are projected to be the most significant factor driving the growth for this market.

• Implementation of Safety Regulations

The implementation of stringent government regulations regarding safety and precautionary measures, especially for industries such as oil and gas, chemicals, and others, is also expected to accelerate the market's overall growth.

Furthermore, the expanding healthcare sector along with the growing awareness amongst the patients regarding the benefits of emergency escape breathing device are also expected to fuel market growth. Moreover, strong demand due to its lightweight, compact design, and user-friendly nature and the provision of learning and proper training also cushions the market's growth within the forecasted period. The rising concern regarding installation of safety equipment is also projected to bolster the market's growth.

Opportunities

• Growing Investments and Advancements

Moreover, the surging investment that will helps in the development of advanced and technical solutions coupled with surging requirement for quick and accurate results are estimated to generate lucrative opportunities for the market. The introduction of advanced products by the manufacturers will further offer numerous growth opportunities for the market.

Restraints/Challenges Global Emergency Escape Breathing Device Market

• High Costs

On the other hand, cost of these emergency escape breathing device is very high, which is expected to obstruct market growth.

• Dearth of Expertise

Also, to become accustomed to and agile with this equipment, training and expertise are essential. The shortage of skilled professionals is projected to challenge the emergency escape breathing device market in 2022-2029.

This emergency escape breathing device market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the emergency escape breathing device market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Post Covid-19 Impact on Emergency Escape Breathing Device Market

The COVID-19 pandemic has turned into a humanitarian and economic disaster, straining society and harming millions of people and businesses. The emergency escape breathing device market was largely industry impacted by the outbreak of COVID-19.

The imposition of the lockdown and social distancing restrictions by the government to curb the COVID-19 pandemic outbreak, led to halt of various operations, supply chain disruptions, stifling business growth, technology event cancellations, suspensions of new developments and has affected the overall production and sales, limiting the industry's expansion. Healthcare organizations are already planning new plans to respond to the rising number of COVID-19 patients, from locating speedy diagnostic kits to ensuring that personnel have adequate PPE. People are being requested to stay in their houses as a result of industry closures, which has taken a major toll in terms of money and economic growth. SARS-CoV-2 has afflicted over 4 million individuals, with 300,000 people dying as a result. However, with the decline in cases, the market will witness a slight increment.

Global Emergency Escape Breathing Device Market Scope

The emergency escape breathing device market is segmented on the basis of product type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Air Supplying Breathing Apparatus
• Air Purifying Breathing Apparatus

On the basis of product type, the emergency escape breathing device market is segmented into air supplying breathing apparatus and air purifying breathing apparatus.

End User

• Marine Sector
• Oil and Gas Sector
• Others

On the basis of end user, the emergency escape breathing device market is bifurcated into marine sector, oil and gas sector and others. The oil and gas sector is estimated to have largest share over forecasted year owing to the growing incidences of fatal accidents in the mining and oil and gas industries.

Emergency Escape Breathing Device Market Regional Analysis/Insights

The emergency escape breathing device market is analyzed and market size insights and trends are provided by country, product type and end user as referenced above.

The countries covered in the emergency escape breathing device market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the emergency escape breathing device market because of the high demand for better healthcare facilities and the increasing adoption of advanced safety system within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the implementation of stringent government regulations regarding safety and precautionary measures along with the developing healthcare infrastructure within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The emergency escape breathing device market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for emergency escape breathing device market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the emergency escape breathing device market. The data is available for historic period 2010-2020.

Competitive Landscape and Emergency Escape Breathing Device Market Share Analysis

The emergency escape breathing device market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to emergency escape breathing device market.

Some of the major players operating in the emergency escape breathing device market are

• MSA (U.S.)
• 3M (U.S.)
• Honeywell International Inc. (U.S.)
• Dräger Nederland B.V. (Germany)
• Interspiro (Sweden)
• Cam Lock Ltd. (U.K)
• Danaher (U.S.)
• SHIGEMATSU WORKS CO., LTD. (Japan)
• Avon Protection. (U.K)
• KOKEN LTD. (Japan)
• MATISEC (France)
• Lifting tackles (India)
• VIKING LIFE-SAVING EQUIPMENT A/S (Denmark)
• F. Hoffmann-La Roche Ltd., (Switzerland)
• MeKo Laser Material Processing (Germany)
• Avon Protection (U.K)
• Shanghai Fangzhan Fire Technology Co., Ltd. (China)

Research Methodology : Global Emergency Escape Breathing Device Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-emergency-escape-breathing-device-market

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