Respiratory Masks Market to Reach USD 2.4 Bn, Globally, by 2031 at 16.4% CAGR: Allied Market Research

News provided by

Oct 11, 2022, 08:00 ET

Increase in prevalence of respiratory disorders, rise in usage of N95 mask industry, and surge in number of product launches and approvals drive the growth of the global respiratory masks market.

PORTLAND, Ore., Oct. 11, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Respiratory Masks Market by Type (Disposable, Reusable), by Age Group (Neonatal and Pediatric, Adult , Geriatric), by End User (Hospitals, Nursing Homes and Clinics, Trauma Centers, Homecare): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global respiratory mask industry generated $527.10 million in 2021, and is estimated to reach $2.4 billion by 2031, growing at a CAGR of 16.4% from 2022 to 2031.

Download Free Sample Report (299 Pages PDF with Insights, Charts, Tables, Figures): https://www.alliedmarketresearch.com/request-sample/13759

Prime determinants of growth

Increase in prevalence of respiratory disorders, rise in usage of N95 mask industry, and surge in number of product launches and approvals drive the growth of the global respiratory masks market. However, fluctuations in prices of protective face masks and the production of non-biodegradable masks restrain the market growth. On the other hand, increase in adoption of major strategies such as collaboration, partnership, acquisition, and business expansion create new opportunities in the coming years.

Covid-19 Scenario

The Covid-19 pandemic increased the demand for respiratory masks as the Covid-19 infection spreads through air and respiratory masks play a crucial role in prevention of infection. This, in turn, surged the market revenue across the world.
Governments of almost every country across the world mandated the usage of respiratory masks for general public to prevent infection and reduce the number of cases. This led to increase in number of product launches by different manufacturers.
The usage of disposable or single-use respiratory masks increased tremendously among general populations. This presented numerous opportunities for manufacturers.
The number of product approvals surged considerably during the pandemic. In addition, the utilization of N95 masks increased the market revenue across the world.
Market players also manufactured biodegradable masks and rise in their awareness among general public led to new opportunities during the pandemic. Overall, the pandemic made a positive impact on the growth of the global respiratory masks market.

The disposable segment to maintain its lead position during the forecast period

Based on type, the disposable segment accounted for the highest market share in 2021, contributing to more than three-fifths of the global respiratory masks market, and is projected to maintain its lead position during the forecast period. This is due to increase in awareness among people regarding the effectiveness of single-use respiratory masks and increase in number of product launches. However, the reusable segment is projected to manifest the largest CAGR of 16.8% from 2022 to 2031, owing to rise in usage and increase in the awareness among people regarding usage of this type of mask.

Purchase Inquiry:
https://www.alliedmarketresearch.com/purchase-enquiry/13759

The geriatric segment to continue its dominant share throughout the forecast period

Based on age group, the geriatric segment contributed to the highest market share in 2021, accounting for nearly three-fifths of the global respiratory masks market, and is projected to continue its dominant share throughout the forecast period. This is attributed to surged susceptibility to respiratory diseases. However, the adult segment is estimated to manifest the highest CAGR of 16.8% from 2022 to 2031, owing to rise in the prevalence of respiratory disorders among adult population. The report also analyzes the neonatal and pediatric segment.

The hospitals, nursing homes, and clinics segment to continue its highest contribution throughout the forecast period

Based on end user, the hospitals, nursing homes, and clinics segment accounted for the largest market share in 2021, holding nearly two-thirds of the global respiratory masks market, and is estimated to continue its highest contribution throughout the forecast period. In addition, this segment is projected to register the fastest CAGR of 16.5% from 2022 to 2031. This is due to rise in the number of hospitals, nursing homes, and clinics globally and rise in expenditure by governments to develop the healthcare infrastructure. The report also analyzes the segments including trauma centers and homecare.

North America to maintain its leadership status throughout the forecast period

Based on region, North America held the largest market share in 2021, accounting for more than two-fifths of the global respiratory masks market, and will maintain its leadership status throughout the forecast period. This is attributed to rise in prevalence of respiratory diseases, surge in number of key players, and developed healthcare infrastructure. However, Asia-Pacific is expected to grow at the largest CAGR of 17.6% from 2022 to 2031, owing to rise in expenditure by government organizations to develop the healthcare sector and increase in awareness among people regarding respiratory disorders. The research also analyzes regions including Europe and LAMEA.

Leading Market Players

3M
Honeywell International, Inc.
Medline Industries, Inc.
Zelinsky Group Ltd.
ANSELL Ltd.
Owens and Minor
Cardinal Health
KOKEN Ltd.
Moldex Metric
RSG Safety

Trending Reports in Healthcare Industry (Book Now with 10% Discount):

Electrophysiology Market by Product (EP Ablation Catheters, EP Laboratory Devices, EP Diagnostic Catheters, Access Devices, and Others), Indication (Atrial Fibrillation (AF), Atrial Flutter, Wolff-Parkinson-White Syndrome (WPW), Atrioventricular Nodal Reentry Tachycardia (AVNRT), and Others), and End User (Hospitals & Cardiac Centers, Ambulatory Surgery Centers, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

Breast Biopsy Market by Product (Vacuum Assisted Biopsy, Core Needle Biopsy, Fine Needle Aspiration Biopsy), by Image Guided Technology (Mri Guided Breast Biopsy, Ultrasound Guided Breast Biopsy, Mammography Guided Stereotactic Biopsy, Ct Guided Biopsy, Other Image Guided Breast Biopsy), by End User (Hospitals And Clinics, Diagnostic Centers): Global Opportunity Analysis and Industry Forecast, 2020-2030

Drug Screening Market by Product & Services [Equipment (Immunoassay Analyzers, Chromatography Instruments, and Breath Analyzers {Semiconductor Breath Analyzers and Fuel Cell Analyzers}, Rapid Testing Devices(RTD) {Oral Fluid Testing Devices and Urine Testing Devices}), Consumables {Assay Kits, Calibrators & Controls, and Sample Collection Cups} and Laboratory Services], by Sample Type [Oral Fluid/Saliva, Breath, Hair and Other Samples {Blood & Sweat}], and by End User [Workplace & Schools, Criminal Justice Systems & Law Enforcement Agencies, Drug Testing Laboratories, Drug Treatment Centers, Hospitals, Personal Users, and Pain Management Centers] - Global Opportunity Analysis and Industry Forecast, 2020-2030

Intraocular Lens Market by Type (Monofocal Intraocular Lens, Premium Intraocular Lens), by Material (Polymethylmethacrylate, Silicone, Hydrophobic and Hydrophilic Acrylic Materials), by End User (Hospitals, Ambulatory Surgery Centers, Ophthalmology Clinics, Eye Research Institutes): Global Opportunity Analysis and Industry Forecast, 2021-2031

Cancer Biomarkers Market by Profiling Technology (Omic Technologies, Imaging Technologies, Immunoassays, and Cytogenetics Based Tests), Biomolecule (Genetic Biomarkers, Protein Biomarkers, and Glyco-biomarkers), Cancer Type (Breast Cancer, Lung Cancer, Prostate Cancer, Colorectal Cancer, Stomach Cancer, and Others), and Application (Diagnostics, Drug Discovery and Development, Prognostics, Risk Assessment, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2030

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com/reports-store/life-sciences