October 30, 2020
According to the research report titled ‘Global N95 Grade Medical Protective Masks Market Size study, by Type (With Exhalation Valves, Without Exhalation Valves), by Application (Hospitals & Clinics, Personal care/individual, Industrial) and Regional Forecasts 2020-2027‘, available with Market Study Report, global N95 grade medical protective masks market was valued at USD 816.4 million in 2019 and is expected to record a y-o-y growth rate of 6.03% during 2020-2027.
Increasing levels of pollution caused by vehicles and industries, leading to massive number of deaths is a major factor expected to drive the global N95 grade medical protective masks market growth during the forecast period. Notably, these masks are used in healthcare, industrial, and other sectors to filter the airborne particles and improve the quality of air used to breath.
Further, rising prevalence of COVID-19 has boosted the supply and demand of the masks worldwide as they are recommended by healthcare professionals to prevent the spread of virus, thereby impelling global N95 grade medical protective masks market remuneration.
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Moreover, rising fear of COVID-19 infection among global population, increasing awareness regarding safety measures, and availability of masks in different price range are providing further impetus to global N95 grade medical protective masks industry expansion.
However, development of alternatives, in consort with awareness regarding the fact that not all the hazardous microns are filtered through the mask are the major restraint for worldwide N95 grade medical protective masks market over 2020-2027.
Based on application spectrum, N95 grade medical protective masks industry is segmented into hospitals & clinics, industrial, and personal care/individual. With regards to type, the industry is bifurcated into with exhalation valves and without exhalation valves.
As per regional analysis, global N95 grade medical protective masks market is segmented into Europe, Asia Pacific, North America, Latin America, and rest of the world. North America accounted for a majority industry share in recent past, mainly due to high prevalence of COVID-19 and rise in awareness regarding the importance of health in the region.
Meanwhile, Asia Pacific N95 grade medical protective masks industry is anticipated to witness highest growth rate over 2020-2027, owing to increasing awareness regarding healthcare, high pollution in cities, and rise in risk of COVID-19 infection in the region.
Major players operating in global N95 grade medical protective masks market sphere include Cardinal Health Inc., Kowa Company Ltd., Honeywell International Inc., CM Company Inc., Ansell Healthcare Products LLC, Shanghai Dasheng Health Products Manufacture Co. Ltd., Kimberly-Clark Corporation, VOGMASK UK LTD., DACH Medical Group Holding AG, and 3M Company.