New Research explores N95 Mask Market Share 2020 | Honeywell, 3M, Cardinal Health

A comprehensive analysis of global N95 Mask Market size, share, growth trends and forecast is covered in the report. The report offers crucial insights on market growth driving factors, restraints, analysis of growth revenue pockets, new growth opportunities and upcoming growth challenges in order to give clear understanding of latest industry trends and dynamics. The report helps gain granular market information at global, regional and country level for N95 mask market. The report is a blend of valuable information from top industry experts, KOLs, key industry professionals, major vendors from both demand and supply side.

What was the size of the global N95 Mask Market in 2019?
The global N95 Mask Market is estimated to grow from USD 736.4 Million in 2019 to reach USD 1,514.9 Million by 2027, at a CAGR of 9.4% during the forecast period from 2020-2027.

What are N95 Mask market's key drivers?
o N95 masks are one of the preventive measures in the protection and spread against the growing pandemic of Covid-19 which has boosted the market for these masks globally.
o Rising Global Pandemic such as Covid-19
o Rise in Adoption of Masks as a Precautionary Measure

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Market Overview:
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. 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. 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.

Key Players Analysis:
Many manufacturers like the Honeywell, Hakugen, 3M, Kimberly-clark, Ansell, Sinotextiles, Vogmask, Prestige Ameritech, Gerson, KOWA, Cardinal Health, Shanghai Dasheng, Gerson, Cambridge Mask, and DACHamong 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.

Segmentation Analysis:
The global market for the N95 mask is segmented into modality, usage, end user, distribution channel, and region. On the basis of modality, the market is segmented into mask with exhalation valve, and mask without exhalation valve. The mask with exhalation valve held almost 65% share of the market in 2019 as these masks provide ease in breathing and also reduces sweating. Thus these masks are also likely to grow at high CAGR in the forecast period.

Based on usage, the market is categorized into disposable, and reusable. The market for reusable masks held major share of almost 80% in 2019 due to the current effect of pandemic and shortage of supply of these masks across regions. Besides, people prefer using reusable masks due to the high cost of these masks.

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.
Based on distribution channel, the market is categorized into retail pharmacies, hospital pharmacies, specialty drug stores, online stores, and others. The hospital pharmacies held almost 48% share of the market in 2019 due to rising number of patients in the hospitals and its easy availability in the hospital pharmacy.

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Which region is predicted to have the largest share in the N95 Masks 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.
Table of Contents

Report Overview: It covers chapters including global market research scope, detailed research methodology, key objectives of the study, market segmentation analysis and historic and forecast years considered.

Global Market Dynamics & Trend Analysis: In this section detailed analysis about market growth factors, drivers, restraints, opportunities, challenges are analyzed along with industry trend analysis, SWOT and PESTLE analysis.

Competitive Landscape and Market Share Analysis: In this section market competition trend is studies with market share analysis of major manufacturers operating in the market. Also detailed strategic market developments are included such as business expansion plans, mergers, acquisitions, collaborations, joint ventures, headquarters distribution and areas served.

Market Size by Segments: This section includes market size and forecast analysis by key market segments at global, regional and country level along with market shares.

Company Profiles of Key Players: In this section company profiles of major manufacturers operating in the global N95 Masks market with detailed insights on company overview, financial highlight, company business and growth strategy and recent market developments.

Premium Market Insights: This section covers premium market insights from top industry experts along with geographical scenario and forecast trend analysis in the market.

Regional Analysis: This section includes market size and forecast analysis by key regions and countries for each market segment.

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