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N95 Respirators and Surgical Masks: Global Market Projections 2024
Masks (N95 Respirators And Other Surgical Masks) Market Segments
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According to The Business Research Company's, The masks (n95 respirators and other surgical masks) market size has grown strongly in recent years. It will grow from $14.49 billion in 2023 to $15.6 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to impact of covid-19 pandemic, rising air pollution levels, escalating number of smokers, increased number of surgical procedures, a rise in healthcare expenditure, and increased geriatric population.
The masks (n95 respirators and other surgical masks) market size is expected to see strong growth in the next few years. It will grow to $21.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to new covid-19 strains, a rise in airborne diseases, government initiatives, and a rise in online pharmacies. Major trends in the forecast period include development of n95 masks with added bluetooth technology, integration new technologies to enhance customer satisfaction, technological advancements, increasing mergers and acquisition activity, investing in biodegradable and reusable materials, nanotechnology, manufacturing of personalized or customized masks, and development of reusable silicon masks.
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Market Drivers and Trends:
The N95 respirators and other surgical masks market is experiencing exponential growth due to the COVID-19 pandemic. This is because the COVID-19 is a severe acute respiratory syndrome, which can be transmitted through airborne droplets, which masks can potentially block. Masks are therefore essential equipment for staff dealing with infectious patients. In addition, many other workers and individuals are using face masks as a precautionary measure.
The shift towards disposable devices in developed countries is one of the major trends in the N95 respirators and other surgical masks market. Disposable masks eliminate the need for product sterilization and reduce cross-contamination with other reusable products. They are also cost-effective, prevent contamination, and reduce hospital stay, whereas reusable non-woven, masks need to be decontaminated, washed, sterilized for every reuse. Although, reusable surgical face masks can be sterilized and laundered for reuse but are less protective and more time-consuming for production as well as washing and sterilization for reuse. According to the FDA, surgical masks are not intended to be used more than once. This can rise the adoption of disposable respiratory masks. Disposable surgical face masks are often perceived to have protective advantages over reusable surgical face masks as they must be immediately discarded as bio-hazardous materials.
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Major Key Players of the Market:
Deloitte Touche Tohmatsu Limited, Accentur*e, PwC, Ernst & Young, KPMG, Buck Consultants, Moscow Consulting Group, Kesarev Consulting, Bain & Company, BS Group of Companies, PDG, A.T. Kearney, Serviceplan and BBDO, Uria Menendez, Linklaters, Dentons, Ruihua CPA, Altran, RSM, Jung von Matt, BlueFocus Communication Group Co. Ltd., BMC Software Consulting, AECOM, Strategy&, Environmental Resources Management (ERM), Beijing Dentsu Advertising Co.,Ltd., Rediffusion, Environmental Technology Consultants, DLA Piper International, International Business Machines Corporation, BDO, Stone, Oliver Wyman, Everis, Cyklo Agritech, Allen & Overy, FinExpertiza, AMEC Foster Wheeler, Freshfields Bruckhaus Deringer, Baker & McKenzie, Cognizant Ativup, Amphos 21 Consulting S.LBonelliErede, Nehlsen Middle East Environmental Consultancy, Garrigues, DeHeng Law Offices, Grant Thornton, Mediterra Environmental Consultants, L.E.K. Consulting, TCA, International Gulf Engineering Consultancy Bureau LLC (IGB), CGI, McKinsey & Company, IBM Global Business Services, Yingke Law Firm, Cleary Gottlieb Steen & Hamilton, Havas Media, Cuatrecasas, Akin Gump Strauss Hauer & Field LLP, Orenda Advisory & Strategy, Letsema, Alvarez & Marsal, Clifford Chance, AArete, BWG, Accelare, Adopt Technologies, Aetha Consulting, Alira Health, Aon Consulting, Booz & Company, Boston Consulting Group, Inc., C Ahead Info Technologies Africa (Pty) Ltd, Certio Medio Ambiente, S.L, DDB Mudra Group, Yekom Consulting Engineers, Westech, Deloitte ToucheTohmatsu Huayong CPA, CapGemini, Pan-China CPA, Khulisa, Zenith Optimedia, Africa International Advisors, Carat France, Moore Stephens UK, MAC Consulting, Lince Consulting, Roland Berger, Pricewaterhouse Coopers, Tendências Consultoria Integrada
Masks (N95 Respirators And Other Surgical Masks) Market 2024 Key Insights:
• The masks (n95 respirators and other surgical masks) market size is expected to see strong growth in the next few years. It will grow to $21.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.
• Exponential Growth In The N95 Respirators And Surgical Masks Market Amidst The Covid-19 Pandemic
• Shift Towards Disposable Devices In Developed Countries
• North America was the largest region in the N95 respirators and other surgical masks market in 2023
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