In a recently published report, N95 Grade Medical Protective Masks Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for N95 Grade Medical Protective Masks Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Global N95 Grade Medical Protective Masks Market is valued approximately at USD 816.4 million in 2019 and is anticipated to grow with a healthy growth rate of more than 6.03% over the forecast period 2020-2027. N95 Grade Medical Protective Masks are used to filter the airborne particles and enhance the quality of air to breath. These are used for medical purposes, industrial and some other implications. The masks are accounted to block almost 95% of the micron particles, due to this it has been suggested to be used by patients with respiratory diseases. Labors in construction of the buildings are also advised to wear these masks to prevent them from dust, sand and other hazardous particles on the construction site. Global pollution level in increasing tremendously accounting for largest number of deaths due to hazardous gas released from vehicle, industries and other sources. As per survey by University of Oxford in 2017, 5 Million of deaths were recorded due to respiratory diseases causing heart strokes, attacks, asthma and many more across the world.
This led to enhancement in market growth of N95 Grade Medical Protective Masks. Due to COVID-19 Pandemic, there is a tremendous rise in both supply and demand of the masks across the globe. The masks are advised by healthcare professional and scientists to be used to prevent from Novel Coronavirus Disease. As per WHO in April 2020, Coronavirus spread into 213 countries around the globe, and with ever increasing cases of COVID-19, there are significant opportunities in the market growth of N95 Grade Medical Protective Masks. Increase in fear among the people and growing awareness about safety measures has observed increase in the demand of masks drastically. Availability of the masks in variety of cost makes it accessible by most of the population. However, innovations for alternative and the fact that not all the hazardous microns are filtered through the mask are the restraining factors which impedes the growth of the market over the forecast period of 2020-2027.
The regional analysis of global N95 Grade Medical Protective Masks market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world being tremendously affected by COVID-19 and rise in awareness to take preventions to stay healthier. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rise in awareness regarding healthcare, increase of pollution in cities and rise in fear of Novel Coronavirus Disease would create lucrative growth prospects for the N95 Grade Medical Protective Masks market across Asia-Pacific region.
Major market player included in this report are:
3M Ltd. (US)
Honeywell International Inc. (US)
Kimberly-Clark Corporation (US)
Cardinal Health, Inc. (US)
Kowa Company, Ltd. (US)
CM Company, Inc. (US)
DACH Medical Group Holding AG (Germany)
VOGMASK UK LTD (UK)
Shanghai Dasheng Health Products Manufacture Co., Ltd. (China)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
With Exhalation Valves
Without Exhalation Valves
Hospitals & Clinics
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global N95 Grade Medical Protective Masks Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
About Kenneth Research
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