Personal Protective Equipment Procurement Intelligence expected to grow at a 6.7% CAGR from 2023 to 2030
Personal Protective Equipment Procurement Intelligence The personal protective equipment (PPE) category is anticipated to expand at a CAGR of 6.7% from 2023 to 2030. In 2022, North America accounted for 30% of the market share followed by Europe and APAC. Many small and medium-sized organizations are procuring protective clothing and equipment from low-cost independent manufacturers located in the APAC region. The APAC market is projected to witness the fastest growth during the forecast period. The major cost components are raw materials, equipment and manufacturing, testing and labor, along with facilities and maintenance. However, the overall cost of clothing or any equipment may depend on multiple factors such as customizations, types of raw materials used, quality of the product, the time required for manufacturing, testing, and standards, etc. For instance, reusable PPE clothing will relatively cost more than disposable one. Similarly, non-woven fabrics can be manufa...