Medical Mask Market
Medical Mask Market by Product (Surgical Mask, N95 Respirators, Face Mask, Full-Face Mask, Anesthesia Masks), by Application (Respiratory Safety, Infections Disease, Allergies, Surgeries), by End-User (Hospitals, Diagnostic Laboratories) & Region – Global Forecast to 2030
Increase in Number of Surgeries Driving Demand for Medical Masks
The global medical masks market was estimated at US$ 9517.9 Mn in 2019. Demand for medical mask is projected to grow impressively at a CAGR of 9.6% during the forecast period (2020 – 2030).
The advent of minimally invasive surgeries has fuelled the demand for the distribution of surgical and anaesthesia masks among different end users, such as ambulatory surgical centers, hospitals, specialty clinics, etc. With a growing geriatric population, health-related concerns that are leading to surgeries have increased tremendously, majorly in the emerging economies.
As per statistics provided by the Agency for Healthcare Research and Quality, approximately 17.2 million inpatient stays or ambulatory hospital visits included an invasive surgery, and more than half of these stays took place in the ambulatory surgical settings.
Consistent growth in the number of surgeries performed globally is boosting the demand for anaesthesia masks and laryngeal masks, which is expected to contribute to the growth of the medical mask market during the forecast period.
Increasing Production Capacity Expansion Activities
Expansion of production capacity by opening new plants for industrial medical masks and medical devices is anticipated to propel the medical mask market growth. For instance, in 2018, GE Healthcare opened a biotechnology manufacturing center in the UK. In 2019, Examinetics announced the collaboration with Moldex-Metric, Inc. to offer nationwide online respirator clearance evaluations.
On 30 march 2020, the company moved quickly to expand its production capacity for N95 masks and started new operations in Phoenix. Increasing industrial developmental activities such as the acquisition of medical device companies by major market players to offer innovative products and technologies to customers is expected to propel the medical mask market growth.
For example, in 2020, the company announced the acquisition of QIAGEN N.V at approximately US$ 11.5 billion. In 2019, Kowa Company, Ltd. merged Kowa Shinyaku Co., Ltd. and Kowa Pharmaceutical Co. Ltd. in Chuo-ku, Tokyo.
COVID-19 Pandemic Opens up Significant Growth Opportunities for Medical Masks
The COVID-19 pandemic has posed a serious challenge to public health across the world. The disease has affected the economic, physical and mental well-being of individuals across the world. The pandemic has infected nearly two million people, with 6% of the population succumbing to the disease.
Naturally, there is an escalation in the demand for medical masks amongst practitioners. This ensures that the infection does not spread further to patients and fellow staff members. Key players such as 3M and Honeywell International have therefore leveraged their manufacturing capacity by 2/5th of their original output.
Regulatory Considerations, Volatility in Silicone Rubber Prices to Restrain Market Growth:
While medical laryngeal masks manufacturing is unconventional, regulatory bodies consider it a part of conventional medical device. As a result, they are subject to premarket approval. Additionally, its manufacturers have to ascertain whether the new device corresponds to the existing technology.
This takes a lot of time, limiting prospects for market penetration. Moreover, highly fluctuating silicone rubber prices makes the manufacturing process very expensive. This may hamper growth prospects and restrain expansion opportunities.
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Respiratory Safety to Find Maximum Application, Infectious Disease Treatment Soars in Popularity:
Medical masks are anticipated to be used mostly to ensure respiratory safety among patients as well as medical practitioners. The segment is projected to grow robustly at a CAGR of 9.7%, capturing nearly two-fifths of the global medical masks market. While performing surgeries, it is imperative to ensure that the surroundings are microbe-free.
Most infections occur as a result of inhaling the pathogens through the respiratory system. Thus, preventing the entry of germs into the body via the nose is important, which is why medical masks are poised to expand.
Treatment for infectious diseases is also poised to find widespread usage of medical masks. The outbreak of the COVID-19 pandemic has led to severe cases of infection amongst patients across the world. Since the novel coronavirus is highly contagious, medical practitioners are compelled to wear surgical masks in order to prevent being infected.
This practice is poised to bolster market prospects. The infectious diseases segment shall capture more than a tenth of the global medical masks market, expanding at a healthy CAGR of 10.1%.
North America to hold a Large Revenue Share in the Medical Mask Market, Europe to Follow
North America is expected to yield approximately two-fifths of the total revenue generated in the medical mask market. Burgeoning demand for research and development in quality medical care is poised to drive the region’s growth. Moreover, rising cases of COVID-19 infections has stimulated demand for medical face masks.
Recently, Fiat Chrysler announced that it would produce a million face masks to distribute in the emergency services to fight the pandemic in North America. The North American medical masks market shall expand impressively at a CAGR of 8.9%.
Europe is poised to hold the second largest share, capturing more than one-third of the global medical masks market. Rising number of surgical procedures and the COVID-19 pandemic are anticipated to create potential market opportunities.
The European Union (EU) has announced plans for urgent air shipments of face masks and other medical equipment from China and other markets. The region is projected to grow healthily at a CAGR of 10.7%.
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Increasing Production Capacity, Focus on Emerging Markets to be Trump Cards for Market Expansion
Majority of the market players have concentrated on expanding their production capacity by opening new plants in potential markets. Opportunities exist due to variation in disease patterns due to lifestyle choices. Additionally, prevalence of infectious diseases, growing number of surgeries and rising affluence have also provided opportunities to players for penetration.
In March 2020, Honeywell International Inc. quickly moved to expand its production capacity for N95 masks and initiate operations in Phoenix, Arizona, as per government directives. Other players rely on different strategies for expansion. For example, Medline strengthens its operations through provision of training and educational services, 3M relies on publishing special edition articles while GE Healthcare invests in R&D activities.
The COVID-19 pandemic has also compelled players to increase production of medical masks. In addition, they are relying on partnerships with other players to develop antibodies for the eradication of the disease.
The global medical masks market is set to embark on a robust growth journey. Increasing production capacity combined with rising number of surgeries are attributed as key growth levers. In addition, the rapidly spreading novel coronavirus disease has broadened market prospects.Key manufacturers are concentrating primarily on emerging markets such as North America and Europe. This is due to rising affluence and lifestyle induced health problems. The demand for surgical masks has especially surged, owing to their exhaustive usage in healthcare settings.
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Global Medical Masks Market: Report Scope:
The recent report by Fact.MR on the global medical masks market offers a decade-long forecast from 2019 to 2029. The report explicates on the key dynamics responsible for shaping the future of the global medical masks market.
These include key drivers, potential opportunities and market restraints. In-depth analysis of various segments has also been included in the report. These segments are: product type, application and end-user.
A detailed study of regional markets in terms of market share and growth opportunities have been incorporated in the report. The regional outlook provides insights on the following geographies: North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa (MEA). A separate section on competition landscape has also been provided.
This includes detailed profiles of leading market players, their strategies for expansion and future scope of penetration.
Key Segments of Medical mask Market
Fact.MR’s study on the medical mask market offers information divided into three important segments-Product types, application, end-user, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.
By Product :
- Surgical Mask
- N95 Respirators
- Face Mask
- Full-Face Mask
- Laryngeal Masks
- Disposable Laryngeal Masks
- Reusable Laryngeal Masks
- Anesthesia Masks
- Disposable Anesthesia Masks
- Reusable Anesthesia Masks
By Application :
- Respiratory Safety
- Infections Disease
By End-User :
- Diagnostic Laboratories
- Research and Academic Institute
By Region :
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa (MEA)
- FAQs -
The global medical masks market was worth US$ 9517.9 Mn in 2019.
Some of the key manufacturers of medical masks are GE Healthcare, 3M and Medline Industries, Inc.
Sales of medical masks in North America are expected to rise at a CAGR of 8.9% over the forecast period of 2020 to 2030.
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