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.
- 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
- Next Steps
- Legal Disclaimer
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook