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Masks Market Revenue to Cross USD 22.13 Billion by 2030: Research Study by Reports and Data

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Masks Market Revenue to Cross USD 22.13 Billion by 2030: Research Study by Reports and Data

September 26
20:24 2022
Masks Market Revenue to Cross USD 22.13 Billion by 2030: Research Study by Reports and Data
Masks Market
The global Masks Market size was USD 16.65 Billion in 2021 and is expected to register a revenue CAGR of 3.3% over the forecast period, according to the latest report by Reports and Data.

The global Masks Market size was USD 16.65 Billion in 2021 and is expected to register a revenue CAGR of 3.3% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is expected to be driven by health regulatory authorities recommending the use of N95 respirators and increasing awareness around the globe owing to the COVID-19 pandemic.

The regulatory landscape facilitates the growth of the masks business. Various governments and organizations have established guidelines and rules for safer and more effective manufacturing of N95 masks, as they may cause flammability. For instance, The U.S. Food and Drug Administration (FDA) classifies N95 respirators as Class II devices and requires premarket review in accordance with Surgical and Infection Control Devices (OHT4). The FDA and The National Institute for Occupational Safety and Health (NIOSH) have approved N95 respirators for diagnostic purposes or when performing tests. COVID-19 had largely positive effects on the global Masks Market. The pandemic had accelerated the use of face masks. In addition, hospitals are operating at full capacity to treat COVID-19 patients, which has led to an increase in demand for face masks. As a result, companies were ramping up production to meet the demand. Furthermore, preventive measures to thwart the spread of infectious diseases are boosting the global Masks Market. These include mandatory use of masks, personal protective gear, and gloves by the population and especially healthcare workers.

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Consumer Trends:

Consumers use masks to prevent the spread of airborne viruses. They prefer reusable masks since they are affordable, easily accessible, and environment friendly. This also greatly alleviates the unavailability issue associated with disposable masks. Mask manufacturers are developing reusable materials in order to reduce pollution and save money in the long run. In addition, healthcare professionals also adopt surgical masks to prevent virus transmission in healthcare settings from patients or surgical instruments. The pandemic has enhanced the need for self-preservation among consumers, which has greatly increased demand for masks.

Market Dynamics:

Driver: Increasing need for preventing the spread of air-borne diseases

Airborne transmission of viruses occurs through droplets and aerosols. Masks are a well-established preventive measure to prevent the spread. Mask prevents infected persons from spreading viruses by preventing droplets containing viruses from being exhaled into the air. The purpose of masks is to keep large respiratory droplets from landing on exposed mucous membranes of the eyes, nose, and mouth. Masks with multiple layers of fabric and fabrics with higher thread counts provide better filtration and partially filter out tiny droplets and particles from the inhaled air. On 10 July 2020 for instance, the U.S. government mandated the use of face masks to prevent the spread of COVID-19. These factors are expected to boost the demand for masks, which will drive revenue growth of the market.

Some Key Highlights From the Report

  • The respirator segment is expected to register a rapid revenue growth rate during the forecast period owing to increasing need for some extra protection from any other surgical masks. Respirators are commonly used in healthcare settings and provide very efficient air pollution filtration. In addition, respirators are designed to protect the wearer from airborne contaminants such as particles, gases, or vapors. Respirators and filters are chosen based on the hazards present. There are a variety of sizes and styles available, and each should be chosen individually to fit the wearer’s face and to provide a tight seal. As a result of a good seal between the user’s face and the respirator, inhaled air is drawn through the filter material, providing enhanced protection.
  • The resuable segment is expected to register a rapid revenue growth rate during the forecast period owing to increasing need for saving time and money. These masks are easily available on any pharmacy or e-commerce website, and they are very affordable and convenient to use. The filter shields minimize cross-contamination and provide comfortability while breathing. In addition, masks offer more protection to the wearer and those nearby, saving money in the long run, and can be customized to suit the user’s style. Reusable face masks are sustainable and better for the environment, so they are widely used among the population.
  • The e-commerce segment is expected to account for the largest revenue share over the forecast period owing to the need for a faster buying process and flexibility for customers. E-commerce platforms provide their customers with a product catalog that includes data sheets that describe all of the company’s products and services. This allows customers to easily purchase the products they need. In addition, online websites provide consumer reviews and feedback that inform consumers about a product’s marketability. The portal provides warranty information and other product-related terms and conditions that may prove useful to customers. The product comparison, price comparison, consumer reviews, delivery to doorsteps, and easy return policies have led to an increase in the adoption of e-commerce platforms.
  • The hospitals & clinics segment is expected to register a steady revenue growth rate during the forecast period owing to the growing need for preventing the spread of infections among patients. The masks are quite effective when the patient comes into contact with others. Masks are also worn by hospital staff and employees working in medical healthcare institutions since they regularly deal with different kinds of patients with different types of diseases. Surgical masks are ubiquitous in surgical practice. Surgical masks are primarily used to protect patients and healthcare workers from respiratory infections or to protect the spread of viruses from sterilized or disinfected medical equipment and supplies.
  • The market in Asia Pacific is expected to account for largest revenue share in the global market during the forecast period. Rapid growth rate of the market is attributed to rise in the population and consequent increase in geriatric population seeking clinical attention within healthcare and homecare settings. Increasing infectious diseases in China have contributed to revenue growth of mask markets. For example, the Coronavirus has contributed to a significant increase in revenue growth of the market. According to data from 2022, the COVID-19 pandemic killed 17,826 people in greater China. Increasing government initiatives is also expected to boost revenue growth of the market.
  • Companies profiled in the market report are The 3M Company, Honeywell International, Inc., Medline Industries, Inc., Shanghai Dasheng Health Products Manufacture Co., Ltd, Owens & Minor, Inc., Cardinal Health, Inc., Alpha Pro Tech, Ambu A/S, Steris Corporation, and Kimberly-Clark Corporation.

For the purpose of this report, Reports and Data has segmented the global Masks Market based on type, material type, distribution channel, end-use, and region:

Type Outlook (Revenue, USD Billion; 2019-2030)

  • Surgical
  • Respirator
  • Procedure
  • Others

 

Material Type Outlook (Revenue, USD Billion; 2019-2030)

  • Disposable
  • Reusable

 

Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)

  • Pharmacy & Drug Stores
  • E-commerce
  • Specialty Stores
  • Supermarket & Hypermarket

 

End-use Outlook (Revenue, USD Billion; 2019-2030)

  • Hospitals & Clinics
  • Industrial & Institutional
  • Individual Protection

 

Regional Outlook (Revenue, USD Billion; 2019-2030)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Sweden
    • BENELUX
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Israel
    • Rest of MEA

 

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About Reports and Data 

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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