In a groundbreaking revelation, Future Market Insights (FMI) unveils a comprehensive report projecting the Global Medical Mask Industry to experience unprecedented growth, reaching a valuation exceeding US$ 9 billion by the year 2030.
The surge in global demand for medical masks has become a driving force for this remarkable growth, underpinned by the crucial role these masks play in maintaining hygiene and infection control. The industry’s promising trajectory is marked by a compelling opportunity for exponential expansion, driven by the escalating need for protective measures worldwide.
Medical masks have evolved into an indispensable component in various healthcare settings, particularly during surgical procedures. Their pivotal role in upholding hygiene standards and ensuring infection control has led to a surge in demand across diverse medical facilities, including ambulatory surgical centers, hospitals, dental settings, and more.
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Consistent growth in the number of surgeries performed globally is boosting the demand for anesthesia mask and laryngeal masks, which is expected to contribute to the growth of the Global Medical Mask Industry during the forecast period.
Increasing number of infectious diseases and pollution as well as growth in the number of surgeries worldwide are providing further impetus to the growth of Global Medical Mask Industry.
The COVID-19 Impact on Global Medical Mask Industry Sales
The novel coronavirus (COVID-19) pandemic has put a huge strain on the Global Medical Mask Industry, with the gap between supply and demand gradually widening. COVID-19, being primarily a respiratory disease, makes it imperative to incorporate personal protective equipment (PPE) such as medical masks for both, medical professionals and general public. This is both a challenge and opportunity for market players, which are focusing on scaling up production capacities to satiate the rapidly growing demand.
Key Takeaways of Global Medical Mask Industry Study
- In terms of product type, N95 respirators are expected to contribute over 25% of revenue in the medical mask market.
- Owing to low product cost and demand, surgical mask is the most preferred choice among costumers.
- Surgeries dominate the medical mask market by application, as medical professionals mostly prefer medical masks during surgeries to avoid contamination.
- In terms of end user, hospitals are expected to capture over 50% of share in the medical mask market during the forecast period.
- North America is the highest revenue-generating market by region due to well-established and sophisticated healthcare infrastructure. East Asia is expected to offer lucrative opportunities owing to rapid healthcare programs and flourishing medical facilities.
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Leading Manufacturers Focus on Mergers & Acquisitions
Leading manufacturers in the medical mask market are focusing on regional mergers & acquisitions to enhance their product portfolio and expand their regional presence. For instance, in 2021, Examinetics announced its collaboration with Moldex-Metric Inc. to offer online respirator clearance evaluations. In 30 march 2022, the company moved quickly to expand its production capacity for N95 masks and start its new operation in Phoenix.
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Global Medical Mask Industry, a new study from future market insights, opines on the application of Medical mask from 2014 – 2021 and presents demand projections from 2022 – 2030 based on; product type (surgical mask, N95 respirators, face mask, full-face mask, laryngeal masks and anesthesia masks), application (respiratory safety, infections disease, allergies and surgeries) and end user (hospitals, academic & research institutes, diagnostic laboratories, individual) across seven prominent regions.
Key Market Segments Covered in Global Medical Mask Industry Research By Product:
- Surgical mask
- N95 Respirators
- Face mask
- Full-Face Mask
- Laryngeal Masks
- Disposable Laryngeal Masks
- Reusable Laryngeal Masks
- Anaesthesia Masks
- Disposable Anaesthesia Masks
- Reusable Anaesthesia Masks
By Application :
- Infections Disease
- Respiratory Safety
- Surgeries
- Allergies
- Others
By End User :
- Hospitals
- Diagnostic Laboratories
- Research and Academic Institutes
- Others
By Region :
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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