Impact of COVID-19 on Economy, Industry and Company :
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in significant demand & supply gap, production delay and weak consumer demand of end products across industries. At Bizizz Market Research, our analyst has done extensive research across industries and identify various methodologies which would assist C-Level executive to counter this ongoing threat and make informed business decision.
Kindly contact us to know more details: https://www.bizizzmarketresearch.com/contact
The Global Face Mask Market was Valued at US$ 705.8 Mn in 2019 and it is Expected to Reach More than US$ 1571.4 Mn by 2028, Likely to Grow with the CAGR of 9.3 % During the Forecast Period.
Face mask is worn over the mouth and nose to prevent the impurities to enter into human body. The global market is projected to witness substantial growth during the forecast period. Some of the factors fuelling the growth of global face mask market include rising occurrences of lung diseases, rising awareness regarding importance of face mask coupled with recent outbreak of Covid-19, and benefits of wearing mask.
Huge Demand from Face Mask Due to Corona Pandemic is anticipated to propel the Market Growth
Face masks are made of natural fiber including disposable linen or cotton or synthetic materials such as polypropylene. It is very effective in avoiding cross contamination by microorganisms and help in reducing infectious diseases. This is anticipated to favour the growth of global face mask during the forecast period. Moreover, a rapid increase has been registered in demand of face masks after corona outbreak in December 2019. The virus is spreading across the globe which is influencing the manufacturers to maximize their production capability. Currently, masks factories are running at a rate of 110%. Machines that are used to make fibers for sanitary pads are diapers are now dedicated to produce materials for masks. Though, the manufacturers are still not able to fulfil the demand from large consumer base therefore they are continuously focused on enhancing their production capabilities by tying up with local providers. This is expected to positively influence the market growth.
Moreover, some other factors driving the growth of global market include rising prevalence of chronic diseases such as asthma and tuberculosis and growing geriatric population.
N95 Masks Are Expected to Gain Momentum in Forthcoming Years
On the basis of product type, the basic face mask accounted for significant market share in 2018. These masks are easily available in chemist shop and comparatively lesser in cost. It provides basic protection from dirt and germ present in surroundings.
Moreover, N95 masks are gaining traction since last few months. This is mainly due to rising cases of corona positive patients across the globe. The N95 mask provides advanced protection from pollutants and microorganisms as it is equipped with respirators. Also, it offers a snug facial fit around nose and mouth which makes it preferable.
North America is anticipated to Lead the Global Market During the Forecast Timespan
By geography, Asia Pacific is anticipated to witness rapid growth during the forecast period. The growth of the region can be credited to huge population and rising number of patients suffering from airborne diseases. Moreover, owing to increasing cases of corona positive patients, a massive growth has been registered in the production of face mask. According to National Public Radio, China makes 200 million face masks on a daily basis.
North America is expected to occupy prominent share throughout the forecast period. This is mainly due to rising awareness regarding postoperative infections on surgical sites.
Key players operating in global Face Mask market include Key Surgical, DYNAREX, CREATIVE CONTRACT (M) SDN BHD, Henry Schein, Inc., Sterimed, 3M, Halyard Health, Inc., Cardinal Health, Berkley Surgical Company, Mölnlycke Health Care, Medline Industries, Inc., and Fisher Scientific.
Global Face Mask Market by Product Type
- N95 Mask
- Basic Face Mask
- Fluid/splash Face Mask
- Antifog Surgical Mask
Global Face Mask Market by Distribution Channel
- Online Store
- Drug Store
- Hospital & Clinic
Global Face Mask Market by Region
- North America
- Asia Pacific
- Middle East & Africa
- Latin America