Press release
Surgical Masks Market Eyes USD 5.81 billion Milestone by 2031- Exclusive report by TMR
Surgical masks are personal protective equipment designed to cover the nose and mouth to provide a barrier against respiratory droplets, potentially preventing the transmission of infectious diseases. The use of surgical masks is essential in healthcare settings and has been widely adopted by the general population, especially during pandemics.Executive Summary
The global surgical masks market has experienced significant growth due to the ongoing demand for protective equipment, particularly during the COVID-19 pandemic. Surgical masks are critical in healthcare settings to prevent the transmission of infectious agents.
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The global surgical masks market is expected to grow to USD 5.81 billion by 2031, at a CAGR of 7.2% during the forecast period. The growth of the market is attributed to the increasing prevalence of infectious diseases, rising awareness about the importance of infection control, and growing demand for surgical masks in developing countries.
This market report provides a comprehensive analysis of the global surgical masks market, covering market size, trends, drivers, challenges, and the future outlook.
Here are some additional insights into the global surgical masks market:
• The increasing demand for surgical masks from developing countries is being driven by the growing healthcare sector and the rising awareness about the importance of infection control in these countries.
• The growing popularity of online shopping is driving the growth of the online distribution channel for surgical masks.
• The development of new and innovative surgical masks, such as antimicrobial surgical masks and fluid-resistant surgical masks, is expected to boost the growth of the surgical masks market in the coming years.
Investment opportunities in the global surgical masks market include:
• Investing in companies that are developing new and innovative surgical masks.
• Investing in companies that are expanding their presence in developing countries.
• Investing in companies that are developing new distribution channels for surgical masks.
Competitor Analysis:
The significant players operating in the global Surgical Masks market are
3M Company, Ansell Limited, Honeywell International, Inc., Henry Schein, Inc., Kimberly Clark Corporation, Medline Industries, Inc., Cardinal Health, AlphaProTech, Makrite
Recent Developments
Here are some recent developments of companies in the global surgical masks market in 2023:
• 3M Company -Announced plans to invest $1 billion in expanding its production capacity for surgical masks. The company also introduced a new line of surgical masks that are designed to be more comfortable and breathable than previous masks.
• Honeywell International Inc. - Acquired Vogmask, a leading manufacturer of reusable surgical masks. The acquisition is expected to help Honeywell expand its reach in the surgical masks market.
• Kimberly-Clark Corporation - Launched a new line of surgical masks that are made with plant-based materials. The new line of masks is designed to be more sustainable and environmentally friendly than traditional masks.
• Alpha Pro Tech Ltd. - Expanded its production capacity for surgical masks by 50%. The company also introduced a new line of surgical masks that are designed to be more resistant to fluids and blood.
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Market Dynamics
Drivers
Several factors are driving the growth of the surgical masks market, including:
• Pandemic Preparedness: The need for surgical masks as a crucial component of pandemic preparedness and response.
• Infection Control: The role of surgical masks in reducing the transmission of infectious diseases.
• Consumer Adoption: The increased adoption of surgical masks by the general population for personal protection.
• Challenges
The surgical masks market faces certain challenges, such as:
• Supply Chain Disruptions: Challenges in the supply chain during high-demand periods.
• Counterfeit Products: The proliferation of counterfeit and substandard surgical masks.
• Sustainability Concerns: Addressing the environmental impact of disposable surgical masks.
• Opportunities
Opportunities in the surgical masks market include:
• Innovation: Development of advanced, comfortable, and eco-friendly surgical mask designs.
• Global Distribution: Opportunities for expanding the market to underserved regions.
• Collaborative Research: Collaboration between manufacturers, healthcare providers, and researchers for better mask design and usage.
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Reasons to Buy The Surgical Masks Market Report: -
1.Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
2.Reports provide opportunities and threats faced by suppliers in the Surgical Masks industry around the world.
The report shows regions and sectors with the fastest growth potential.
3.A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
4.The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
5.This report provides the industrys current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.
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