The outbreak of COVID-19 pandemic created an urgent need for masking at the start of 2020. As the pandemic intensifies in waves, it has created a consistent demand for N95 medical protective masks. The latest report on the global N95 medical protective masks market states that the use of these masks will continue as it has emerged as a critical tool in safeguarding the wearer and reducing the chance of infection. According to the author, the global N95 medical protective masks market will be worth US$1,994.8.0 Mn by 2026 from US$ 1,159.4.0 Mn in 2020. During the forecast years of 2020 to 2026, the global market for N95 medical protective masks will register a CAGR of 9.5%.
North America held the largest chunk of the regional segment with more than 30% market share in 2020. The regional market will dominate the global N95 medical protective masks market, in terms of revenue, surging ahead with a CAGR of 8.9% between the forecast years of 2020 and 2026.
The hospital and clinic segment will hold a 59% market share in the global N95 medical protective masks market. Their indispensable role of these masks in protecting the healthcare workers has won the segment an unprecedented revenue stream. As the Centers for Disease Control and Prevention prioritizes the need for N95 masks, manufacturers will ramp up production to prevent shortages. Healthcare professionals will require these masks all the time while treating and consulting patients to prevent severe acute respiratory syndrome caused by coronavirus infection by respiratory aerosol and contact transmission. All of these factors are expected to push the hospital and clinic segment in an upward direction during the forecast period.
Between the forecast years of 2020 and 2026, North America is expected to register a CAGR of 8.9%. Meanwhile, Europe is expected to register a CAGR of 10.2%. The phenomenal growth of this market in developed countries will be due to how terribly they have been affected all throughout the pandemic. Shortages of N95 grade protective masks, testing kits, and ventilators especially in the Netherlands, Italy, France, and Spain in the initial days of the pandemic have created a higher need for safety and preventive measures.
Meanwhile, Asia Pacific too is expected to create a massive demand for N95 medical protective masks as the populous countries such as India and China will need to ensure they tighten measures around safety with each wave.
Some of the leading players operating in the global N95 medical protective masks market are Ansell, GERSON, Cardinal Health, Moldex-Metric, Shanghai Dasheng, and CM Industrial & Safety Supply Inc.
Key Highlights Into Global N95 Medical Protective Masks Market:
- The cup-type N95 medical protective masks will maintain a dominant position with a 69.5% market share by 2026
- The flat-fold N95 medical protective masks segment will eye higher CAGR than cup-type medical protective masks during the forecast period
- Hospital and clinic distribution channel is anticipated to remain integral in the global N95 medical protective masks market as it inches closer to a 60% market share by 2026
North America held the largest chunk of the regional segment with more than 30% market share in 2020. The regional market will dominate the global N95 medical protective masks market, in terms of revenue, surging ahead with a CAGR of 8.9% between the forecast years of 2020 and 2026.
Hospitals and Clinic Segment to Dominate as Demand for N95 Masks Soars Amongst Healthcare Workers
The hospital and clinic segment will hold a 59% market share in the global N95 medical protective masks market. Their indispensable role of these masks in protecting the healthcare workers has won the segment an unprecedented revenue stream. As the Centers for Disease Control and Prevention prioritizes the need for N95 masks, manufacturers will ramp up production to prevent shortages. Healthcare professionals will require these masks all the time while treating and consulting patients to prevent severe acute respiratory syndrome caused by coronavirus infection by respiratory aerosol and contact transmission. All of these factors are expected to push the hospital and clinic segment in an upward direction during the forecast period.
Europe to Register CAGR of 10.2% in Global N95 Medical Protective Masks Market
Between the forecast years of 2020 and 2026, North America is expected to register a CAGR of 8.9%. Meanwhile, Europe is expected to register a CAGR of 10.2%. The phenomenal growth of this market in developed countries will be due to how terribly they have been affected all throughout the pandemic. Shortages of N95 grade protective masks, testing kits, and ventilators especially in the Netherlands, Italy, France, and Spain in the initial days of the pandemic have created a higher need for safety and preventive measures.
Meanwhile, Asia Pacific too is expected to create a massive demand for N95 medical protective masks as the populous countries such as India and China will need to ensure they tighten measures around safety with each wave.
Some of the leading players operating in the global N95 medical protective masks market are Ansell, GERSON, Cardinal Health, Moldex-Metric, Shanghai Dasheng, and CM Industrial & Safety Supply Inc.
Table of Contents
1. Market Players Analysis
2. Manufacturing Plant Analysis
3. Market Dynamics and Competition Analysis
4. Impact of COVID-19 on N95 Grade Medical Protective Masks Market
5. Industry Overview of N95 Grade Medical Protective Masks
6. N95 Grade Medical Protective Masks Market By Type
7. N95 Grade Medical Protective Masks Market By Distribution Channel
8. North America N95 Grade Medical Protective Masks Market
9. Europe N95 Grade Medical Protective Masks Market
10. Asia Pacific N95 Grade Medical Protective Masks Market
11. Central and South America N95 Grade Medical Protective Masks Market
12. Middle East and Africa N95 Grade Medical Protective Masks Market
13. Methodology and Data Source
Companies Mentioned
- 3M
- Honeywell
- Kimberly-Clark
- CardinalHealth
- Ansel
- Gerson
- Shanghai Dasheng
- Moldex-Metric
- CM Industrial
Methodology
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