Views: 0 Author: Site Editor Publish Time: 2020-11-24 Origin: Site
On the basis of product type, the global Face Mask Market has been segmented into respirators, Surgical masks, and cloth face masks. It is expected that the N Series masks will grow at the highest CAGR over the forecast period. Wide awareness regarding usage of N series face masks, particularly N95 market segment, efficacy in preventing virus passage, easy to use, among others are some of the advantages benefitting the market segment growth. Rising demand from common populace across the globe is also catering to the market segment growth.
The manufacturers of the N95 mask are constantly ramping up their production to cater to the increasing demand for the product. These masks are being used across the healthcare facilities and are one of the most widely popular masks across the globe. The manufacturers such as Prestige Ameritech, Honeywell and 3M are among the top players which are consistently increasing the production capacity across respective domestic markets.
These masks are largely used by the healthcare professionals to enhance the overall protection. The name N – 95 denotes blocking around 95% of the airborne particles. The particles blocked are around size of 0.3 microns. These are significantly high priced as compared to the use and throw surgical masks. Recently the Centres for Disease Control and Prevention (CDC) announced that general public should avoid usage of these mask and should be used for healthcare officials or high-risk groups.
Based on distribution channel, the market is been segmented into E-commerce, hospital pharmacies, Retail Suppliers, supermarket, and others. In 2019, the hospital pharmacies segment accounted for highest market share in the global market. The growth in the major e-commerce giants such as Amazon, Alibaba, Euro pages, Flipkart and other numerous players are acting as the major point of sale for the consumers across the globe for buying the face mask and other numerous safety kits. The sale for these products has been witnessing tremendous growth owing to contactless delivery, door services and low price of the product.
The product offered by these giants can be compared easily online and also the manufacturer warranty and the certification can be compared offering significant boost of the sales channel. Also, the authenticity of the product can be correctly compared on the online portals before buying thus making it easy to buy and pay price. The manufacturers are also offering the product on their respective websites to boost sales.
In 2020, North America face mask market is expected to witness significant growth owing to the maximum number of COVID-19 cases in the region. Increasing number of patients in U.S. will benefit the face masks industry over the coming time. Presence of major healthcare companies in the country along with large number of cases in the region will boost the product demand. The players in the region are consistently increasing the masks production capacity to cater to the increasing product demand.
The countries in Europe have almost been able to curb the spread of the virus and reduce the spread to a significant extent. The countries in the region have been adding significant amount of the production lines to ramp up the manufacturing units of the masks. The relaxation of the rules pertaining to the lockdown, mandatory usage of masks in the public places and strong competition for the masks manufacturing are the key factors for the growth in the product demand.
Key Highlights :
The global face mask market would realize an absolute growth of around 90%, contributing over $2.7 billion incremental revenue between 2019 and 2025.
The outbreak of COVID-19 has boosted the market demand for respiratory masks and surgical masks. Rising awareness about hygiene and government regulation regrading mask usage will boost the overall shipment of face mask to reach over 10 billion units by 2025.
Face mask market is witnessing a traction in demand from the healthcare segment. The segment is expected to witness a high CAGR of over 11%, during 2019-2025 and has witnessed market value worth over $11 billion only in 2020 due to COVID-19 outbreak.
Respiratory face mask is witnessing high demand with increasing consumption of face mask for healthcare personal. The unit shipment for respiratory mask is expected to reach 3 billion units by 2025, among which N95 respiratory mask in expected to contribute over 1 billion units.
With over 60% of the market shipments coming from the North America and Europe, the vendors must look upon new markets to expand. Further, vendors should look upon innovative strategies and focus on rising hygiene concern after the outbreak of novel coronavirus to boost sales in other markets.
With the increasing adaption for face mask for personal use, the reusable face masks are witnessing high demand with market value expecting to reach around $170 million by 2025.
