COVID-19 Update: - N95 Masks Market was Estimated to be US$ 784.5 in 2019, Growing at a CAGR of 9.45% Over the Forecast Period, Owing to Growing Instances of Respiratory Disorders, Says Absolute Markets Insights

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Some of the players operating in the N95 masks market are 3M, Alpha Pro Tech, Cambridge Mask Co, Cardinal Health, Honeywell International Inc

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Absolute Markets Insights

Apr 20, 2020, 11:00 ET

PUNE, India, April 20, 2020 /PRNewswire/ -- The growth in air pollution across the world due to burning of fossil fuels and emission of greenhouse gases have led to a steep increase in cases of respiratory disorders across the world. Also, the growing prevalence of diseases that affect the respiratory system over the years have led to a demand for instruments that help in mitigating health risks.

The growing cases of COVID-19 across various countries have alarmed healthcare organizations to advise measures to limit the extent of the disease. One of the notable areas of focus for the organizations is to limit the contact of the virus with people in the region. The virus has been studied to be transferred when an infected person coughs or sneezes near an uninfected person. The particles when transferred on to the uninfected person can seep into the body through the person's mouth. This leads the organizations to devise methods that help in limiting the transfer of particles from person to person. One of the notable methods of doing so include the use of masks. Traditional medical masks have a limited efficiency when operating against viruses such as COVID- 19. Hence, the use of N95 masks has been advised by healthcare professionals and governing institutions. The N95 masks are able to filter around 95% of the materials that can come in contact with the user. Also, the replaceable filters in the masks allow for a longer service life for the mask, in turn, providing longer protection for the user. N95 masks are thus, receiving demand from various countries across the world for limiting the growth of COVID-19. These characteristics are expected to aid the growth of the global N95 masks market.

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The detailed research study provides qualitative and quantitative analysis of global N95 masks market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

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Key Findings of the Report:

In terms of revenue, the offline distribution channel is observed to be the major revenue contributor for the market. The improved distribution networks across the world for medical supplies along with recent initiatives for optimizing medical logistics are expected to be attributed for the growth of the segment.
On the basis of filter type, replaceable type is expected to grow at faster rate as compared to other masks. The enhancements in the operations of the mask along with the higher margin per product are expected to help the growth of the segment in the market.
As far as geography is concerned, North America is observed to hold a significant share in the market. The growing demand for personal protective equipment in the COVID-19 outbreak along with rising manufacturing presence is expected to aid the growth in the region.
Some of the players operating in the N95 masks market are 3M, Alpha Pro Tech, Cambridge Mask Co, Cardinal Health, Honeywell International Inc., KCWW, Moldex-Metric, Prestige Ameritech, Shanghai Dasheng Health Products Manufacturing Co., Ltd, and The Gerson Company amongst others.

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N95 Masks Market:

By Coverage

Full Face
Half Face

By Distribution Channel

Online
Offline

Pharmacies
Specialty Stores
Hospitals/Clinics
Others

By Filter Type

Replaceable
Irreplaceable

By End Users

Children
Adults

By Geography

North America

U.S
Canada
Mexico
Rest of North America

Europe

France
The UK
Spain
Germany
Italy
Nordic Countries

Denmark
Finland
Iceland
Sweden
Norway

Benelux Union

Belgium
The Netherlands
Luxembourg

Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Southeast Asia

Indonesia
Thailand
Malaysia
Singapore
Rest of Southeast Asia

Rest of Asia Pacific

Middle East and Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

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Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.

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SOURCE Absolute Markets Insights