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The global medical mask market size is projected to reach USD 4.11 billion by the end of 2027. The increasing incidence of coronavirus across the world will have a huge impact on market growth. According to a report published by Fortune Business Insights, titled “Medical Mask Market Size, Share & Industry Analysis, By Type (Surgical Mask, Respirators, and Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and Regional Forecast, 2020-2027,” the market was worth USD 2.15 billion in 2019 and will exhibit a CAGR of 8.5% during the forecast period, 2020-2027.
Medical masks are used by healthcare professionals and workers inside the hospitals to stop entry of germs and viruses in their body. The masks are normally used as a preventive measure from infectious diseases. The product is used by surgeons and doctors while diagnosing, assessing, and treating patients. The ability of these masks to prevent spreading of contagious diseases will contribute to the growing demand for the product across the world. They are normally made of multi-layered cloth that will stop these viruses from entering through the nose and the mouth. The use of medical mask is increasing due to the adoption of healthy habits within the hospital premises. The low cost of the product, compared to its alternatives, will aid the growth of the overall market in the coming years. Moreover, increasing awareness regarding workplace health and safety in hospitals will contribute to the growing demand for the product across the world.
Covid-19 Outbreak has Created Massive Investments in Production of Medical Masks
The recent coronavirus outbreak has created a massive demand for medical mask across the world. The ability of facemasks to minimize the spread of coronavirus has contributed to the surge in demand for the product in recent times. The severity of coronavirus has created a huge awareness regarding the early detection and prevention of the disease across the world. Several large scale companies are making huge investments in the development of the masks as well as increasing the production capacity. In April 2020, Sandler Group announced a huge investment in the development of non-woven line of production of respirator masks. Through this investment, the company plans to manufacture around 800 million masks. The company’s latest steep was consequential to the severe effects of the coronavirus outbreak and cater to the massive demand for the product across the world. The increasing Covid-19 cases will emerge in favor of the growth of the company in the forthcoming years.
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Growing Prevalence of Respiratory Diseases to Aid Growth
The report includes several factors that have contributed to the growth of the market in recent years. It highlights major companies and discusses their strategies associated with the production and distribution of medical mask across the world. The incidence of contagious diseases has risen considerably over the past few years. According to the World Health Organization, a normal epidemic results in around 3 to 5 million cases across the world. The Covid-19 pandemic has resulted in over 2.7 million cases across the world. The ability of medical masks to limit the spread of severe outbreaks such as the coronavirus will have a massive impact on the growth of the overall market in the coming years.
Major Companies Looking to Increase Production Capacity
Accounting to the massive demand for medical mask across the world, several large scale companies are looking to adopt strategies that will help them establish a stronghold in the market. It is observed that several companies are looking to improve their production capacities with the aim of catering to the increasing demand for the product.
List of companies profiled in the report:
The global medical mask market is segmented on the basis of:
Value (USD billion)
By Distribution Channel