DUBLIN–(BUSINESS WIRE)–The “Disposable Masks – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
The global market for Disposable Masks estimated at US$20 Billion in the year 2020, is projected to reach a revised size of US$26.6 Billion by 2026, growing at a CAGR of 5.4% over the analysis period.
Surgical Masks, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$20.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Respirator Masks segment is readjusted to a revised 6.5% CAGR for the next 7-year period. Surgical face masks are mainly used in healthcare settings and worn by health professionals during healthcare procedures.
They are designed to prevent infections in patients and health professionals by providing protection from inhaling airborne bacteria and germs in the surrounding environment. Respirator Masks are able to prevent liquid droplets thus leading to reduced risk of virus transmission. Protective masks including N95 are widely used by healthcare professionals during medical procedures known to expose them to respiratory secretions of patients.
The U.S. Market is Estimated at $7.1 Billion in 2021, While China is Forecast to Reach $5.2 Billion by 2026
The Disposable Masks market in the U.S. is estimated at US$7.1 Billion in the year 2021. China, the world’s second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2026 trailing a CAGR of 8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.5% respectively over the analysis period.
Within Europe, Germany is forecast to grow at approximately 2.8% CAGR. A key factor driving growth in the US market is the rise in number of COVID-19 cases. Also, the presence of well-established healthcare and chemical industries would result in continuous demand growth for the masks in the region. Asian countries are anticipated to witness strong growth owing to the presence of large consumer base, increasing consumer awareness about personal hygiene, increase in air pollution, fast growing healthcare industry and a growing number of disposable mask manufacturers among others.
Select Competitors (Total 118 Featured) –
- 3M Company
- Besco Medical Limited
- Gerson Co
- Halyard Healthcare
- Honeywell International Inc
- Kimberly-Clark Corporation
- Kowa Company. Ltd
- Kwalitex Healthcare Pvt Ltd
- Medicom Group
- Moldex-Metric
- SAS Safety Corporation
- Te Yin Company
- Uvex Group
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- COVID-19 Pandemic Triggers the Onset of Face Mask Era
- Market Penetration of Face Masks Worldwide in 1Q 2020 (In %)
- Recommendations by Health Organizations Play an Important Role
- Shortage of Masks Poses a Risk to Frontline Health Responders
- Industry Faces the Daunting Task to Bridge the Widening Demand Supply Gap
- Countries Grapple to Meet Exponential Demand for Face Masks
- Top Exporters of Personal Protective Equipment
- Players Adopt Various Strategies to Address the Demand Surge
- Manufacturers from Other Industries Join the Race to Bridge Supply Demand Gap
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Demand to be High for Skin Friendly Masks
- Short Supply of Disposable Masks Drives Demand for Reusable Masks
- Online Sales to Garner Significant Growth
- Rise in Air Pollution Levels Trigger the Demand for Face Masks
- World Ranking of Most Polluted Countries: 2018
- Percentage Share Breakdown of Global Deaths Linked to Air Pollution
- Ranking of Global Number of Deaths by Risk Factor: 2017
- Designers Revamp Face Masks into a Fashion Accessory
- Rise in Number of Surgeries and Hospital Acquired Infections Boost Demand
- Leading Nosocomial Infections in the US: Percentage Breakdown of Healthcare Cost from Leading Five Infections
- OSHA Offers Revised Enforcement Guidance for Respiratory Protection at Industrial Facilities
- Increasing Healthcare Expenditure to Foster Market Growth
- World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
- Disinfection and Sterilization of Face Masks Play an Important Role
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/yxw37h
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