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Masks (N95 Respirators And Other Surgical Masks) Market Size, Share Analysis, Trends, Growth And Forecast 2023-2032
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The Business Research Company's Masks (N95 Respirators And Other Surgical Masks) Global Market Report 2023 identifies the rising number of online pharmacies as the major driver for the masks (N95 respirators and other surgical masks) market's growth in the forecast period. Rapid growth in Internet penetration coupled with the rising number of smart phone users and e-prescriptions is increasing the use of online pharmacies. Several advantages offered by online pharmacies such as availability of more options, ease of comparison of products, discounts and offers, and convenience in ordering and returning products make these a preferred option. The global online pharmacy market is expected to reach $150.9 million by 2027. Going forward, the rising number of online pharmacies is expected to drive the market for N95 respirators and surgical masks.
The global masks (N95 respirators and other surgical masks) market size reached a value of nearly $38,392.7 million in 2021, having increased at a compound annual growth rate (CAGR) of 60.6% since 2016. The global masks (N95 respirators and other surgical masks) market size is expected to decline from $38,392.7 million in 2021 to $10,313.0 million in 2026 at a rate of -23.1%. The global masks (N95 respirators and other surgical masks) market size is then expected to decline at a CAGR of -9.8% from 2026 and reach $6,174.6 million in 2031.
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Major competitors in the masks (N95 respirators and other surgical masks) market are Honeywell International Inc., BYD Co. Ltd., The 3M Company, Intco Medical Technology Co. Ltd., Unicharm Corporation.
A key trend in the masks (N95 respirators and other surgical masks) market includes integrated artificial intelligence technologies. Artificial Intelligence (AI) is a branch of computer science that deals with the simulation of human intelligence through robotic devices. Artificial intelligence is applied in masks for analysing and interpreting the data collected by the devices. The predictive analytics offered by machine learning, a branch of Artificial Intelligence, helps researchers to analyze respiratory patterns during different activities.
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The masks (N95 respirators and other surgical masks) market is segmented -
1. By Type -The masks (N95 respirators and other surgical masks) market is segmented by type into:
a) N95 Respirator
b) Common Grade Surgical Masks
c) Others (Comfort Masks/Dust Masks)
The others (comfort masks/dust masks) market was the largest segment of the masks (N95 respirators and other surgical masks) market (value) by type, accounting for 42.0% of the total market in 2021. The common grade surgical masks market is expected to be the fastest-growing segment in masks (N95 respirators and other surgical masks) market (value) by type, going forward at a CAGR of -22.4% during 2021-2026 period.
By End User
2. The masks (N95 respirators and other surgical masks) market is segmented by end user into:
a) Hospitals and Clinics
b) Individual
c) Other End User
The individual end user was the largest segment of the masks (N95 respirators and other surgical masks) market by end user, accounting for 33.5% of the total market in 2021. The others segment is expected to be the fastest-growing segment in masks (N95 respirators and other surgical masks) market segmented by end user, going forward at a CAGR of -20.3% during 2021-2026 period.
3. By Nature -The masks (N95 respirators and other surgical masks) market is segmented by nature into:
a) Reusable
b) Disposable
The disposable masks market was the largest segment of the masks (N95 respirators and other surgical masks) market by nature, accounting for 80.4% of the total market in 2021. The reusable market is expected to be the fastest-growing segment in masks (N95 respirators and other surgical masks) market by nature, going forward at a CAGR of -22.7% during 2021-2026 period.
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the masks (N95 respirators and other surgical masks) market.
The Business Research Company's "Global Masks (N95 Respirators And Other Surgical Masks) Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Masks (N95 Respirators And Other Surgical Masks) Market Include:
1. Masks (N95 Respirators And Other Surgical Masks) Market Executive Summary
2. Masks (N95 Respirators And Other Surgical Masks) Market Segments
3. Masks (N95 Respirators And Other Surgical Masks) Market Size And Masks (N95 Respirators And Other Surgical Masks) Market Growth Rate
4. Key Masks (N95 Respirators And Other Surgical Masks) Market Trends
5. Major Masks (N95 Respirators And Other Surgical Masks) Market Drivers
……
25. Key Mergers And Acquisitions In The Masks (N95 Respirators And Other Surgical Masks) Market
26. Top Masks (N95 Respirators And Other Surgical Masks) Companies
27. Masks (N95 Respirators And Other Surgical Masks) Market Opportunities And Strategies
28. Masks (N95 Respirators And Other Surgical Masks) Market, Conclusions And Recommendations
29. Appendix
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