N95 Mask Market: Segmented: By Type (Masks with exhalation valve and Masks without exhalation valve); By Use (Disposable masks and Reusable masks);By Distribution Channel (Retail Pharmacies, Hospital Pharmacies, Specialty Drug Stores, Online Stores and Others); By End-User (Hospitals, Ambulatory Surgery Centers, Clinics, and Others); By Region (North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa) - Analysis of market share, size & trends for 2016-19 and forecasts to 2030.
N95 Mask Market is anticipated to reach USD 1359.34 million in 2030 from USD 775.12 million in 2019 to witness a CAGR of 8.60% in the forecast period.
N95 Mask is a respiratory safeguarding product designed to obtain effective filtration of airborne particulate matter and from liquid adulterating the face. These N95 masks are not oil resistant. Furthermore, wearers are suggested not to wear this mask to protect themselves from airborne diseases, including Covid-19. The ‘N95’ when underwent testing, showed that it could block at least 95% of very small 0.3-micron test particles. It is created to attain an extremely compact facial kit and very efficient refining of matter present in the air. As per a report issued by the Food & Drug Administration, even a completely fitted N95 mask does not entirely put an end to the risk of getting affected by airborne diseases. N95 masks are generally used by healthcare professionals. These masks are non-reusable and wearers must not share this mask. The N95 masks that have exhalation valves should not be worn when a germs-free environment is required. The N95 respirator masks are classified as only one-use and degradable types of equipment.
N95 Mask Market is expected to project a CAGR of 8.60% during the forecast period, 2019-2030
The growth in the N95 Mask Market is attributed to the following reasons. The sudden outbreak of the virus globally is one of the major factors propelling the growth of the N95 mask market. Rising respiratory problems arising due to increasing levels of air pollution are another major factor. Additionally, the growing employment of chemicals in the production sector is resulting in the growing use of the N95 masks for laborers. Moreover, with the absence of a vaccine to treat Covid-19 the World Health Organization has released some safety guidelines which also include wearing N95 masks. Thus, boosting the demand for the N95 respirator masks to prevent the transmission of contagious diseases.
Masks with the exhalation valve segment to grow at the highest CAGR
Based on the type, the Global N95 mask market is segmented into masks with exhalation valves and masks without an exhalation valve. The ‘masks with the exhalation valve’ segment captured a major market share of USD 550.24 million in the year 2019 and are forecasted to grow fastest as these masks cause ease of breathing and decrease the sweating rate. Thus, this segment is in higher use in the hospitals, where doctors and staff have to wear the mask for a prolonged time.
Reusable masks to boost overall segmental growth
Based on use, the N95 mask market is classified into disposable masks and reusable masks. The reusable masks held the largest market share of XX% in the year 2019 and are anticipated to grow during the forecast period almost people prefer the reusable N95 masks since they are cheap and can be reused for 3-4 days on an average.
The online stores are anticipated to propel the growth of the market
Based on the distribution channel, the N95 mask market is segmented into retail pharmacies, hospital pharmacies, specialty drug stores, online stores, and others. The online store's segment held the maximum share in2019 and is expected to grow faster due to the convenience of purchasing, home delivery of the product and different qualities of masks available are some of the major factors fueling the overall growth of the market.
The hospital segment is likely to dominate the N95 mask market
Based on end-use, the market is categorized into hospitals, ambulatory surgery centers, clinics, and others. The hospital segment accounted for a market share of XX% in the year 2019 and is estimated to grow at the fastest pace as the N95 masks are crucial for the physicians, staff, and other medical workers who are engaged in incurring the Covid-19 patients. The N95 masks supply has been obstructed for common people but is being offered to the healthcare experts.
Increase in usage of a mask as safety equipment
Masks help prevent the droplets released while coughing and sneezing from suspending freely in the environment. These droplets are carriers of airborne diseases and cause several infections. At present, the demand for masks has boosted due to the widespread of the Covid-19 globally. It has mandated to use a mask whenever a person is moving out or coming in contact with others. Mask prevents the transmission caused by sneezing or coughing or even talking. This is likely to drive the overall growth of the market during the forecast period.
Difficulty in breathing
Nevertheless, the N95 mask may not complete overall protection from dangerous infections. Also, it is not advised for use by people with severe respiratory, cardiac, or other medical conditions as the mask makes the breathing process harder for the wearer. This factor is likely to hamper the growth of the market.
North America is projected to be the fastest-growing region with a CAGR of XX%
North America is anticipated to grow at a CAGR of XX% and captured a market share of XX% in the year 2019. This is chiefly due to the presence of the highest number of Covid-19 cases and deaths in the United States. As of 21st July 2020, there are a total of 4,028,569 registered cases and around 144,953 death cases due to coronavirus. Consequently, there is a huge surge in demand for respiratory masks in North America. Moreover, the U.S. is one of the chief manufacturers of the N95 mask across the globe. However, due to the spread of Covid-19, most companies have momentarily closed their production. Additionally, with the existence of key players in the N95 mask market in the U.S., it is likely to boost production.
Company overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicator, Risk Analysis
The N95 Mask Market size was estimated at USD 775.12 million in 2o21 and is expected to reach USD 1359.34 million in 2030
3M Co., Honeywell, Hakugen, Ansell, Sinotextiles, Shanghai Dasheng, Gerson, Kimberly, Clark,Vogmask,Cardinal Health
Masks with the exhalation valve segment and The hospital segment are anticipated to hold the N95 Mask Market
Driver Increase in usage of a mask as safety equipment
N95 Mask is a respiratory safeguarding product designed to obtain effective filtration of airborne particulate matter and from liquid adulterating the face. These N95 masks are not oil resistant. Furthermore, wearers are suggested not to wear this mask to protect themselves from airborne diseases, including Covid-19.
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