Sep 16, 2020 10:36 AM ET
iCrowd Newswire – Sep 16, 2020
Zion Market Research has published a new report titled “N95 Mask Market by Usage(Reusable and Disposable), and End-Use(Hospitals, Clinics, Ambulatory Surgery Centers, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020– 2026” According to the report, global demand for N95 Mask market was valued at approximately USD 822.6Million in 2019, and is expected to generate revenue of around USD 1,890.3Million by end of 2026, growing at a CAGR of around 12.8% between 2020 and 2026.
N95 Mask is a component of personal protective equipment used as a protection against airborne particles and droplets. The N represents respirator rating and stands for non-oil. The number 95 represents percent efficiency. The material used in making the mask is an electrostatic non-woven polypropylene fiber. This material is produced by employing a process termed melt blowing which forms the internal filtration layer which filters out harmful particles.N95 Masks were initially intended for industrial use in areas such as painting, construction, and mining.
Factors such as outbreaks of pandemics like COVID-19, increasing incidence of respiratory diseases, high investment in research and development, and applications in multiple fields will act as major driving factors in the growth of global N95 Mask market. Technological advancements will act as an opportunity for the market players in the N95 Mask market. Nonetheless, high cost of N95 Mask and discrepancies in supply of raw materials will restrict the growth of global N95 Mask market.
The global N95 Mask market has been split into usage, end-use, and region. Based on usage, N95 Mask market has been segmented into reusable and disposable. The reusable segment accounted for the highest market share in 2019 due to increasing demand from healthcare professionals and advantages over reusable masks. The end-usesegment has been segmented into hospitals, clinics, ambulatory surgery centers, and others. The hospitals segment accounted for the highest market share in 2019.
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Regionally, the N95 Mask market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. North America will be the leading region during the forecast period. High prevalence of respiratory disorders, easy availability, and presence of leading market players will boost the market growth in this region. Europe will be the second largest market. The major reasons are increasing awareness concerning use of face masks and high impact of pandemics like COVID-19. Asia Pacific will proliferate at speedy rate over the forecast period due to fast technological improvements in the healthcare sector and high frequencies of viral disease outbreak. Latin America market will progress at a noteworthy rate during the estimate period. The Middle Eastern and African countries are expected to experience noticeable growth in the projected time-frame.
The report also includes detailed profiles of key players such as Honeywell, Hakugen, 3M, Kimberly-clark, Ansell, Sinotextiles, Vogmask, Prestige Ameritech, Gerson, KOWA, Cardinal Health, Shanghai Dasheng, Gerson, Cambridge Mask, and DACHamong others.
This report segments the Global N95 Mask Market as follows:
Global N95 Mask Market: By Usage
Global N95 Mask Market: By End-Use
- Ambulatory Surgery Centers
Global N95 Mask Market: By Region
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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Keywords: N95 Mask Market