Growth in the adoption of masks as a precautionary measure, the rapid increase in the incidence of infections, and the increasing occurrence of respiratory diseases are the drivers for the N95 mask market during the forecast period.
Description
N95 Mask Market: by Type (Mask with Exhalation Valve and Mask without Exhalation Valve), by End-User (Hospitals/Clinics, Drug Stores, and Online Stores), by Application (Industrial Use and Daily Use), and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)
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N95 mask market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating in the global market. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the N95 mask market.
Factors Affecting the N95 Mask Market over the forecast period
Key Drivers:
- Growth in Adoption of Masks as a Precautionary Measure
- The rapid increase in the Incidence of Infections
- Increasing occurrence of respiratory diseases
Key Restraints:
- The high cost of N95 Mask
- Discrepancies in the supply of raw materials
Key Opportunities:
- Investment in research and development
- Technological development to enhance the quality and reduce the price
Key Challenges:
- Inefficient supply chain
- A large count of counterfeit N95 masks in the market
Market Trends:
- Doctors of developed countries such as Germany and Japan are reusing the mask due to a lack of supply.
- Countries are announcing the ban on the import of N95 masks to enhance the local economic conditions. Such countries are South Korea, India, China, Russia, Thailand, Japan, and Germany.
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Impact of COVID-19 on N95 Masks Market:
The outburst of COVID-19 resulted in the rapid increase in N95 masks' demand for healthcare professionals, as this mask is suggested explicitly for nurses and doctors. Recently, the US Food and Drug Administration (FDA) introduced an emergency use authorization for the decontamination procedure offered by Advanced Sterilization Products (ASP) that expected to result in the sterilization of over 4 million N95 masks every day. These N95 masks are cleaned using hydrogen peroxide. Furthermore, ASP's STERRAD sterilization machines are EUA-approved and used in over 6,300 hospitals for sterilizing N95 masks. There is a prediction that around 9,900 machines are now installed and operating in the US market, and each machine can manufacture more than 480 masks every day. Even shoe manufacturers have initiated face masks, and they plan to manufacture over 100 thousand face masks weekly from its factories located in the global market. Such initiatives by non-healthcare companies have provided lucrative opportunities for the N95 grade medical protective masks market growth.
N95 Masks Market: Scope of the Report
The report outlines the global N95 mask market study based on type, end-user, and application.
Based on the type, the N95 mask market has been segmented into –
- Mask with Exhalation Valve
- Mask without Exhalation Valve
Key Competitors Operating in Global N95 Mask Market
The outbreak of COVID-19 results in mass manufacturing of surgical and N95 masks; this increases the constant and rigorous working of various companies. Moreover, Honeywell International and 3M are leading the manufacturing of N95 masks in the US and other markets worldwide. It is expected that the global N95 mask market is highly consolidated owing to the presence of a large number of small players. Therefore, the key players operating in the global N95 mask market include –
- 3M
- Honeywell International Inc.
- Kimberly-Clark Worldwide, Inc.
- Cardinal Health
- Kowa Company Ltd.
- Ambu A/S
- BD
- Alpha Pro-Tech
- Prestige Ameritech
- Louis M. Gerson Company, Inc.
- Teleflex
- Moldex-Metric, Inc.
- ANSELL LTD.
- Ohlone Press LLC
- JIANGSU TEYIN IMP. & EXP.
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