The conversation of a sustainable working life is rising on the general agenda. Highly specialized employees on long-term sick leave is costly for both the individual, company and society. In industries with demanding work environments the preventive work with analogue observations and training has long been the standard method to measure and increase awareness of risk factors. In order to develop more effective health-promoting systems in work environments, a better understanding of what people are exposed to is needed. The demand today are increasing for individualized diagnostics through technical solutions. Integration of so-called health technology in the workplace will in the long run change how companies handle strategies for more sustainable workplaces.
The global personal protective equipment market size is expected to reach USD 84.7 billion by 2027, according to a new report by Grand View Research, Inc., registering a 6.7% CAGR over the forecast period. Increasing need for equipment in mining, emergency response, military and law enforcement, healthcare, and fire services, coupled with rising instances of injuries at the workplace, is anticipated to propel the market over the coming years.
Occupational safety regulations play a major role in driving the market for personal protective equipment. Mandated policies for companies to maintain worker safety in industries is anticipated to drive demand for PPE. These regulations mention the type of personal protective equipment required for protection during different industrial or commercial processes.
The European Agency for Safety and Health at Work (EU-OSHA) together with the International Labour Organization estimates work-related ill-health and injury is costing the European Union 3.3 % of its GDP. That’s €476 billion every year which could be saved with the right occupational safety and health strategies, policies and practices.
Healthcare is moving towards a more individual-centered experience, with patients taking a more proactive role in managing their health”
“The Global Market for Wearable Sensors is estimated at USD 350.7 million in 2020 and is estimated at USD 1065.8 million at the end of 2026”
-Global Wearable Sensors Market Research Report 2020 / Market Study Report
“Safe and healthy work is a fundamental human right but these new estimates of the costs of poor or non-existent OSH measures show that the economic case for OSH has never been stronger.”
– Dr. Christa Sedlatschek, the director of The European Agency for Safety and Health at Work (EU-OSHA)