Owing to the new product launches and development of new plants for the production of medical masks, North America and Europe holds 50% of global market share
Owing to the new product launches and development of new plants for the production of medical masks, North America and Europe holds 50% of global market share
Fact.MR, New York: Award winning market research company Fact.MR has published a recent study on global medical mask market for the forecast period of 2020-2030. Increase in number of medical surgeries and rising infectious diseases across the globe are propelling the adoption of medical mask among end-user such as hospitals, surgical centers etc. With growing geriatric population, health related concerns and booming healthcare industry are the factors for growing demand of medical masks.
According to Fact.MR, respiratory medical masks are anticipated to expand at a CAGR of 9.7% through 2030. Increasing infectious diseases, especially following the outbreak of COVID-19, respiratory safety medical masks have become a necessity within public as well as in medical sector. Hence, the practice of wearing masks as an everyday use has bolstered the demand of medical masks exponentially. Based on these factors, infectious disease segment captures more than a tenth of global medical mask market, growing at over 10% CAGR.
Furthermore, burgeoning demand for research & development in quality medical care and rising number of surgical procedures across regions like North America and Europe will propel the demand of medical masks. Fact.MR estimates, North America medical mask market is accounted to hold over 2/5th of the global market share, expanding at a CAGR of 8.9%
“Growing infectious diseases, and increasing number of surgeries across the globe has accelerated the adoption of medical mask within hospitals, ambulatory surgical centers and other end-users, fuelling the growth of medical mask market,” says the Fact.MR analyst.
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Key Takeaways
- In terms of application, respiratory safety will capture nearly 2/5th of the global medical mask market share
- Infectious diseases segment poised to grow at a CAGR of over 10.1% through 2021 and above
- Burgeoning demand for research & development in quality medical care will bolster the growth of medical masks market in United States
- UK, France and Germany are collectively accelerating the sales of medical masks across Europe, expanding at 10.7% CAGR
- Surgical masks segment is anticipated to hold nearly 11.9% of global market share
- N95 respirators are expected to emerge as a potential segment through 2030
- In terms of end-user, hospitals are expected to dominate the segment throughout the forecast period
Prominent Drivers
- Increased surgeries and onset of infectious air-borne diseases such as COVID-19 has exponentially boosted the demand of medical masks
- Surge in social media marketing and growing healthcare awareness has provided an astounding growth curve for medical masks
- Growing healthcare industries in emerging economies will provide growth opportunities for medical masks manufacturers
Key Restraints
- Volatility in raw material prices is limiting the growth of medical masks
- Rising adverse effects of medical masks production on environment is creating a challenge for market players
Discover more about the medical mask market with 185 figures, 34 data tables and the table of contents.
https://www.factmr.com/report/4732/medical-mask-market
Competitive Landscape
Key market players listed by Fact.MR for global medical mask market includes Smiths Group PLC, GE Healthcare, Thermo Fisher Scientific, Medline Industries Inc., Kowa Company and 3M Company among others. Prominent market players are orchestrating strategic collaboration with top companies to expand their production capacity. Also, investments to build new plants in potential markets is expected to increase the revenue pool for medical masks manufacturers.
For instance, on March 23rd 2021, The Medicom Group, one of the leading manufacturers of surgical and respiratory masks, announced the launch of Medicom Expressions, the company’s first face mask designed for non-medical use.
Also, on 22nd March 2021, Bravada International Limited announced the lowest price on some of the selections of face masks that included black KN95 face masks, black surgical face masks and blue disposable surgical face masks.
Additionally, some leading companies integrated modern advanced technology for the manufacturing of face masks such as, LG, in August 2020, LG announced its battery-powered air purifier mask that is portable with replaceable filters which makes its reusable.
Furthermore, on September 2020, Sure Seal Medical, leading manufacturer in surgical face mask protection announced the launch of 3 new disposable surgical face masks that included SureSeal Surgical Face Masks, Extra Safe Face Masks, and Omega Brand Surgical Face Masks.
More Insights on the Medical Mask Market
Fact.MR offers an in-depth analysis on its latest market research report on global medical mask market. The report delivers detailed insights on the major growth drivers, trends, challenges and opportunities, the market is expected to prevail through 2021 and beyond. To gain a better perspective for the medical mask market scenario and ongoing trends, the market is segmented on the basis of product (surgical mask, N95 respirators, face mask, full face mask, laryngeal masks, and anesthesia masks), application (respiratory safety, infectious diseases, allergies and surgeries), end-user (hospitals, diagnostic laboratories, research & academic institute and others), and regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).
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Source: Fact.MR