Hazmat Suits Market Size

Hazmat Suits Market Analysis

The hazmat suits market is valued at USD 7.14 billion and is expected to reach USD 10.27 billion by the year 2028, registering a CAGR of 7.55% over the forecast period.

The COVID-19 pandemic had a significant impact on the market's growth. To avoid infections with COVID-19, the demand for personal protective equipment increased during the pandemic. For instance, as per the PubMed article published in December 2021, there was an increase in the use of personal protective equipment (PPE) as a sanitary measure against the new coronavirus (SARS-CoV-2), and most governments had enforced the use of PPE in public areas such as hospitals, clinics, airports, and other public places. Hazmat suits are the type of PPE used in areas with a high chance of contamination. Hence, the increasing use of PPE amid the COVID-19 outbreak boosted the market's growth over the pandemic. Currently, the market has reached its pre-pandemic nature in terms of demand for hazmat suits and is expected to witness strong growth.

Factors such as strict law enforcement on employee safety and increased demand for hazmat suits due to the high prevalence of chronic viral diseases are expected to bolster demand for hazmat suits, thereby driving market growth. There is increasing demand for biotechnology and pharmaceuticals for drug discovery and development owing to increasing chronic viral infectious diseases. As per data updated by the WHO in July 2022, several confirmed and probable cases of Ebola virus diseases were detected in the Democratic Republic of the Congo between April 23 and July 3, 2022, with a 100% fatality ratio. As it is one of the most dangerous and life-threatening infectious diseases and there is a lack of good vaccines, doctors treating epidemic diseases rely on cumbersome PPE for their safety. In addition, an article by Maya Prabhu, published in Gavi.org in August 2021, stated that modern hazmat suits work against Ebola infections. The same source mentioned that modern high-tech hazmat suits are proven to be used in the chemical and nuclear sectors. They also found their earliest adaptation to medical practice during the Ebola virus outbreaks. Therefore, with the increase in such infectious outbreaks, the demand for hazmat suits is increasing and is anticipated to boost the market studied.

Furthermore, several other types of research describe the use of hazmat suits for various purposes and are increasing the demand for the suits. According to the article published in January 2022 by the Occupational Safety and Health Administration, the law related to the regulations of Hazmat suits is found under Appendix B to 1910.120, and the law specifies the bare minimum safeguards that must be in place. Employers must adhere to these regulations but also customize Hazmat PPE for the circumstances and hazardous materials that employees will face. These rules and regulations for the compulsory use of the suits are anticipated to drive the market's growth.

Therefore, owing to the factors above, the market is anticipated to witness growth over the forecast period. However, limitations associated with Hazmat Suits and a lack of training provided to caregivers on their efficient use may impede the market's growth.