How much is the Mask Market worth?
According to the report, global demand for N95 mask market was valued at approximately USD 736.4 Million in 2019 and is expected to generate revenue of around USD 1,514.9 Million by end of 2027, growing at a CAGR of around 9.4% between 2020 and 2027.
What is Mask Market?
The N95 masks are used for personal protection against infectious and viral disease. These are used as protection shield against liquid contaminating the face and against viral airborne particles. These are designed to achieve efficient filtration of airborne particles and have close facial fit. The ‘N95’ means these respirators or mask block at least 95% of small about 0.3 micron test particles and are subjected to careful testing.
N95 masks are witnessing vast demand globally due to the recent outbreak Covid-19 in more than 200 countries since April 2020, with approximately 1.50 million cases and more than 80,000 fatalities across nations, which have raised the demand for personal protective equipment. Covid-19 is spread through droplets from sneezing or coughing by the infected person. Since proper personal protection equipments allow the nose and mouth to prevent these droplets the widespread purchase of these masks by the general public has produced a worldwide shortage of these equipments. China is the largest face mask manufacturer and manufactures about 20 million masks daily. However, the outbreak of COVID-19 in China has spurred a large domestic demand across nations. Besides, many countries like South Korea, Taiwan, Germany, and Thailand have banned the export of face masks in order to fulfill the local demand due to the outbreak of this global pandemic.
Many manufacturers like the Honeywell, 3M, and Prestige Ameritech have doubled their production capacity of mask in order to fulfill this ever increasing demand. Governments across are requesting general public not to buy N95 masks, so as to limit the supply of these masks for the healthcare professionals. Due to this shortage of N95 masks, the Center of Disease Control (CDC) has provided concession to follow the guideline in the usage of these masks. Rather than using N95 masks, CDC has suggested to use surgical face as an alternative to combat the current situation.
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What are Mask market’s key drivers?
- Rising Global Pandemic such as Covid-19
- Rise in Adoption of Masks as a Precautionary Measure
Segmentation Analysis:
How much market share of Mask Market was held by hospitals segment in 2019?
Based on the end user, the global market for N95 mask is segmented into hospitals, ambulatory surgical centers, clinics, and others. The hospitals segment accounted for almost 56% share of the market in 2019. Growing number of COVID-19 cases globally have propelled the demand for these masks in the hospitals and ambulatory surgical centers by patients, and medical professionals.
Regional Analysis:
Which region is predicted to have the largest share in the Mask Market?
By region, the market is divided into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America held almost 34% share of the overall market owing to the growing number of Covid19 cases in the U.S. For instance, as of 18th April 2020, U.S. is leading nation with almost cases 710,272 registered cases. Thus, there has been a huge demand for these masks in the region. Moreover, President Donald Trump has also announced that they have ordered 500 million N95 face masks to combat this Covid-19 outbreak. Asia Pacific is likely to grow at high CAGR in the forecast period due to rising number of Covid-29 cases in countries like India, Australia, New Zealand, and many Southeast Asian countries.
Which are the prominent Mask Market Key Players across the globe?
Major players in N95 Mask market are Cambridge Mask, Honeywell, 3M, Ansell, Prestige Ameritech, Sinotextiles, KOWA, Hakugen, Kimberly-Clark, Cardinal Health, Gerson, DACH, Shanghai Dasheng, and Vogmask among others.
Table of Contents (TOC)
Global Mask Market Introduction
1.1. Definition and Taxonomy
1.2. Research Scope
2. Research Methodology
3. Executive Summary
3.1. Global Market Overview and Key Findings by Major Segments
4. Market Dynamics and Industry Trend Analysis
4.1. Market Dynamics
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. SWOT Analysis
4.3. PESTLE Analysis
4.4. Porter’s Five Forces Analysis
4.5. Market Growth Attractiveness Analysis by Key Segments and Region
5. Competitive Landscape and Market Share Analysis by Manufacturers
5.1. Market Competition Scenario
5.2. Manufacturer Market Share
5.3. Manufacturer Intensity Map
5.4. Opportunity Orbits
5.5. Strategic Market Developments
6. Global Mask Market Value (USD Million), Share (%), Comparison by Key Segments
7. Global Mask Market Value (USD Million), Share (%), Comparison by Region
7.1. North America
7.1.1. North America Regional Market Size and Trend Analysis
7.1.1.1. U.S.
7.1.1.2. Canada
7.1.1.3. Rest of North America
7.2. Europe
7.2.1. Europe Regional Market Size and Trend Analysis
7.2.1.1. Germany
7.2.1.2. UK
7.2.1.3. France
7.2.1.4. Italy
7.2.1.5. Spain
7.2.1.6. Russia
7.2.1.7. Rest of Europe
7.3. Asia Pacific
7.3.1. Asia Pacific Regional Market Size and Trend Analysis
7.3.1.1. China
7.3.1.2. Japan
7.3.1.3. India
7.3.1.4. Australia
7.3.1.5. Southeast Asia
7.3.1.6. Rest of Asia Pacific
7.4. Latin America
7.4.1. Latin America Regional Market Size and Trend Analysis
7.4.1.1. Brazil
7.4.1.2. Mexico
7.4.1.3. Rest of Latin America
7.5. Middle East and Africa
7.5.1. Middle East and Africa Regional Market Size and Trend Analysis
7.5.1.1. Saudi Arabia
7.5.1.2. South Africa
7.5.1.3. UAE
7.5.1.4. Rest of Middle East and Africa
8. Company Profiles of Key Manufacturers
8.1. Company Basic Information
8.2. Company Overview
8.3. Financial Highlights
8.4. Product Portfolio
8.5. Business Strategy
8.6. Recent Market Developments
