Eye and Face Protection Market Size to Grow at a CAGR of 5.2% During the Forecast Period 2021–2026
Rising Adoption of Various Eye and Face Protections Owing to Rise in Incidence of COVID-19 Pandemic Are Amongst the Major Factor Projected to Impel Growth of Eye and Face Protection Market
Hyderabad, India – July 23, 2021 /MarketersMedia/ —
Eye and Face Protection Market size was valued at $1,237million in 2020, and is anticipated to grow at a CAGR of 5.2% during the forecast period 2021-2026. The Eye and Face Protection industry growth rate is attributed to the rising concern for the protection and safety of workers in the end-use industry such as healthcare owing to rise in the incidence of convenient methods adopted by frontline workers which is poised in bringing new opportunities. Eye and Face Protections is the equipment that is basically used as personal protective equipment (PPE) consisting of face shields, eye spectacles, wielding shields, etc and is designed to shield the entire face. Eye protection is achieved by wearing eyewear which is specifically designed to reduce the risk of exposure to chemical splashes, laser radiation and/or flying debris. Eye and face protection should take into consideration the ability to protect against specific workplace hazards, should provide unrestricted vision and movement, should be durable and cleanable, and should allow unrestricted functioning of any other required PPE.
Eye and Face Protection Market Segment Analysis – By Product Type
In 2020, on the basis of product type, eye spectacles segment accounted for the largest segmental revenue of the eye and face protection market.
On the contrary, face shield segment is projected to witness healthy growth throughout the forecast period 2021-2026 with a CAGR of 5.80% since the usage of face shield has been on the upswing owing to the fact that there is an increasing demand and utilization of face protections worldwide.
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Eye and Face Protection Market Segment Analysis – By Distribution Channel
On the basis of distribution channel, drugs stores and retail pharmacies segment accounted for the largest segmental revenue of the eye and face protection market in 2020. The large share can be attributed to the consistent increase in number of drugs stores and retail pharmacies in countries such as Brazil, India, and China coupled with rising trend amongst the market players for the ample availability of eye and face protections as there is a surge in the cases of viral infection related to COVID-19 is attributed to positively affect market growth during the forecast period 2021-2026 owing to the presence of strong distribution channels and increased adoption preferences shown by the citizens of the regions.
On the other hand, e-commerce segment is projected to dominate over the forecast period 2021-2026 with a CAGR of 5.34%. The e-commerce segment is to witness a surge in growth owing to the prevalence of Covid-19 which has increased the ease of use of retail e-commerce websites coupled with rapid advancement observed in internet penetration, and growth in popularity of e-commerce shopping portals over the last decade.
Eye and Face Protection Market Segment Analysis – By Geography
North America is the major region dominating the eye and face protection market with a market share of 37.90% in the year 2020. This can be attributed to the fact that the emergence of the U.S. as the hardest-hit countries after China has resulted in exponentially increased demand for eye and face protection equipment. Furthermore, the presence of economic relief bill in the hands of U.S. gives manufacturers protection against lawsuits when selling eye and face protection equipment to HCWs which further fuels the regional market share growth.
Eye and Face Protection Market Drivers
Rapid Adoption Of Eye and Face Protection
The eye and face protection market is poised to receive upswing owing to the rapid increase in demand for several eye and face protections owing to the fact that these kits are equipped with several cutting-edge innovations that has resulted in all major pharmaceutical companies focusing on such innovative formulation technologies. Moreover, there is also a rise in the number of adoptions of such devices over the globe hence, there is a rising supply chains along with panic buying of vital PPE needed by the frontline workers and is to propel the market growth over the forecast period 2021-2026.
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Eye and Face Protection Market Challenges
Adoption of stringent regulatory framework
One of the major factors lowering the eye and face protection unit sales is owing to the standardization of guidelines regarding the production and use of eye and face protection equipment’s such as face shields, eye spectacles continue to be inharmonious which is hindering the market growth during the forecast period 2021-2026
Eye and Face Protection Market Landscape
In 2020, Eye and Face Protection market share is fragmented by the top ten players present in the market. The Eye and Face Protection market top 10 companies are 3M Co., E I Du Pont De Nemours and Co., Honeywell International Inc., Ansell Limited, Avon Rubber Plc., Msa Safety Inc., Uvex Safety Group, Grainger, Inc., Bullard, Kimberly-Clark and others.
Acquisitions/Product Launches
In August 2020, Udyogi launched new Udyogi Vision Goggles – UD 49 for COVID frontline warrior.
Key Takeaways
The factors such as rising adoption of various eye and face protections owing to rise in incidence of COVID-19 pandemic are amongst the major factor projected to impel growth of Eye and Face Protection market.
Additionally, factors such as improved design and distinct benefits of eye and face protections over the conventional ones are to create opportunities paving a way for the growth in the market during forecast period 2021-2026.
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