Protective Clothing for Life Sciences Industry Global Market to Witness Growth in Biotechnology and Healthcare Spending by 2028
Research And Markets | June 30, 2020
The "Global Protective Clothing Market for Life Sciences Industry 2019-2028" report has been added to ResearchAndMarkets.com's offering. The publisher predicts that the global market for protective clothing for life sciences industry would witness a CAGR of 6.26% over the forecast period 2019-2028. The growth of this market is primarily being driven by the growing demand for protective clothing from end-users. Additionally, the large investments in research & development and the stringent rules & regulations to ensure the safety of workers at workplaces also helping in bringing growth to the market. Furthermore, the enhanced biotechnology & healthcare expenditure, along with the rising demand from developing nations for PPE, open up several new opportunities for market growth. However, the high cost of these clothing as well as the surge in the outsourcing & automation of pharma manufacturing, are hindering the market growth. Moreover, manufacturing complexities, evolving market trends, and the stiff competition from generic products are creating hurdles in the protective clothing market for life sciences industry's growth. The global market spans across the regions of North America, Latin America, the Middle East and Africa, the Asia-pacific, and Europe.