Medical Masks Market to Reach $2.15 Billion by 2027; Growing Product Demand Will Provide Impetus to Market Growth
Posted on Feb 23 2021 9:01 AM
"Companies in Medical Masks Market to Benefit from the Coronavirus Outbreak Government Organizations Focused on Distributing PPE Across the World; "
The global “Medical Masks Industry “ is projected to reach USD 4.11 billion by the end of 2027. The increasing incidence of coronavirus across the world will have a huge impact on market growth. According to a report published by Fortune business Insights, titled “Medical Mask Market Size, Share & Industry Analysis, By Type (Surgical Mask, Respirators, and Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and Regional Forecast, 2020-2027,” the market was worth USD 2.15 billion in 2019 and will exhibit a CAGR of 8.5% during the forecast period, 2020-2027.
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Highlights of the Report:
- In-depth analysis of various insights, namely, Medical Mask Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Medical Mask Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
Key Players Operating in The Medical Mask Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- 3M (U.S.)
- Honeywell International Inc. (U.S.)
- Halyard Worldwide, Inc. (U.S.)
- KCWW (U.S.)
- Henry Schein, Inc. (U.S.)
- ANSELL LTD. (Australia)
- Cardinal Health (U.S.)
- Prestige Ameritech (U.S.)
- Other Prominent Players
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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Emphasis on Distribution of PPE to Aid Growth
The report encompasses several factors that have contributed to the growth of the overall medical masks market in recent years. The increasing prevalence of viral diseases and infections has been a primary factor that has influenced the growth of the market. But most recently, the coronavirus outbreak has created a huge demand for personal protective equipment (PPE) across the world. The coronavirus has spread to 80% countries across the world and the number of infected cases crossed 2.7 million. This pandemic has created a huge awareness regarding preventive measures. During these pandemic, governments as well as private organizations are putting in several efforts for distribution of personal protective equipment in several countries across the world. In April 2020, the US Department of Justice and the US Department of Health and Human Services announced that it has initiated the distribution of PPE, including a total of 192,000 NHH-95 masks to healthcare workers across New York and New Jersey.
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North America to Emerge Dominant; Increasing Covid-19 Cases Will Aid Market Growth
The report analyzes the ongoing market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in in North America is likely to emerge as the dominant region, owing to the growing incidence of coronavirus infections in several countries across this region. As of April 2020, the United States has reported the highest number of coronavirus cases. The increasing demand for medical masks in several countries across this region will open up a huge potential for the companies operating in the regional market.
Detailed Table of Content:
- Market Scope
- Market Segmentation
- Market Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Overview: Guidelines for Usage of Medical Mask Market
- Snapshot of Types of Medical Mask
- Prevalence of Associated Respiratory Disease
- Key Industry Developments - Mergers, Acquisitions, and Partnerships
- Global Medical Mask Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Surgical Mask
- Market Analysis, Insights and Forecast – By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Market Analysis, Insights and Forecast – By Geography
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Medical Mask Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Medical Mask Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Medical Mask Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/medical-mask-market-102703
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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