Global Disposable Medical Protective Masks Market is projected to reach at a CAGR of 5.11% During The Forecast Period 2020-2027
A new research report published by Fior Markets with the title Global Disposable Medical Protective Masks Market by Type (Common Grade, N95 Grade, Other), Application (Hospital & Clinic, Industrial, Individual, Other), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027.
Global disposable medical protective masks market is projected to reach USD 326.72 Million by 2027, at a CAGR of 5.11% from USD 206.11 Million 2019.
North America held the largest market size of USD 74.72 Million in 2019. The recent outbreak of coronavirus along with Ebola, swine flu, avian bird flu, influenza and anthrax are contributing majorly to the growth of the market. Also, enhanced healthcare facilities and infrastructure, a rise in the investments in the healthcare sector, increased number of surgeries and a rise in the age-related diseases are the major industry trends which can provide potential growth opportunities in future.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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The rise in the usage of disposable medical protective masks is generating a huge demand for an increased and rapid production. Stringent regulations by the government on disposable masks are anticipated to restrain the growth of the market. A rise in the prevalence of airborne diseases, as well as frequent outbreaks of viruses, are generating higher opportunities for the production of disposable medical protective masks. Moreover, an increasing number of clinics and hospitals across the globe are resulting in generating higher demand for the market. New entries by the local manufacturing companies possess a challenging factor in the growth of the market.
Prominent companies in the industry include 3M, Honeywell International Inc., Mitsubishi Chemical Corporation, Kimberly-Clark Corporation, McKesson, Hakugen Earth Co.,Ltd., Shanghai Dasheng, Nitto Denko Corporation, CHT Group, Dr. Petry Gmbh, NOURYON, Follmann and are offering greater opportunities and major players are continuously focused on new product developments and venture capital investments to obtain market share. Disposable medical protective masks vary by levels of protection and quality. They are considered as medical devices. It creates a physical barrier between the contaminated environment and the wearer. It is helpful in blocking splatter, sprays, splashes, droplets and large particles which contains potential bacteria and viruses. It is also used to prevent airborne dust particles generated by air pollution which result in the transmission of airborne diseases. For instance, In May 2020, Mitsubishi Chemical Corporation utilized the expertise and production technology provided by the MCC Group. This is done in order to manufacture masks and plastic gowns to cater to increased demand from the consumers. Also, Mitsubishi is using its subsidiary known as J-Film Corporation in order to supply the products. In March 2020, to support U.S. government in the recent outbreak of coronavirus and to limit the spread across the region, Honeywell company enhanced its production and distribution capabilities in Phoenix to supply N95 masks.
Type segment includes common grade, N95 grade and other. N95 grade segment is anticipated to grow with highest CAGR 6.20% over the forecast period. The growth of the N95 masks is attributed to the recent coronavirus pandemic as it effectively prevents the virus from the transmission. The N95 mask is also known as a respirator. It is a protective device having tight-fitting around the face. Also, N95 masks are beneficial for doctors who are treating patients having coronavirus, resulting in increased demand for the N95 mask. N95 is beneficial in blocking at least 95% of particles which are potential viruses and bacteria. It is available in different sizes and is manufactured by various companies. Application segment includes hospital & clinic, industrial, individual and other. Hospital & clinic segment is anticipated to grow with highest CAGR over the forecast period. The hospital & clinic segment dominated the global disposable medical protective masks market with USD 63.59 Million in 2019. In hospitals & clinics, the requirement for disposable medical protective masks is increasing as it is a standard procedure to ensure the safety of healthcare professionals as well as patients. Using N95 grade masks or common masks in hospitals & clinics minimizes the transmission of infectious liquid droplets and aerosols between the patients and doctors.
About the report:
The global disposable medical protective masks market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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