Medical Mask Market Predicted to Hit US$ 9.8 Billion Mark by 2030, Exploring the 9.1% CAGR | Insights by FMI Inc.

There has been an increasing demand for medical masks recently, creating an absolute opportunity for growth of the Medical Mask Market.  A new Future Market Insights (FMI) report reveals that the global Medical Mask Market will experience a major upturn post 2022, and further reaching over US$ 9 Bn by the end of 2030.

Medical facility highly depends on medical mask during surgeries. The availability of different versions of mask for different applications across different end-users, such as ambulatory surgical Centre's, hospitals, dental settings, etc., are expected to fuel the growth of the medical mask market throughout the forecast period.

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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 medical mask market 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 medical mask market.

The COVID-19 Impact on Medical Mask Sales

The novel coronavirus (COVID-19) pandemic has put a huge strain on the medical mask market, 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 in order to satiate the rapidly growing demand.

Key Takeaways of Medical Mask Market 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.

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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Medical mask market, a new study from future market insights, opines on the application of Medical mask from 2014 - 2021 and presents demand projections from 2022 - 2030 on the basis of; 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.

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Key Market Segments Covered In 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)

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.

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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.