Market Research Report
N95 Grade Medical Protective Masks Market, By Type, By Application, and By Geography - Analysis, Size, Share, Trends, & Forecast from 2020-2026
|N95 Grade Medical Protective Masks Market, By Type, By Application, and By Geography - Analysis, Size, Share, Trends, & Forecast from 2020-2026|
Published: August 1, 2020
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N95 Grade Medical Protective Masks Market, By Type (Masks with Exhalation Valve and Masks without Exhalation Valve), By Application (Individual, Industrial, and Hospital & Clinic), and By Geography (NA, EU, APAC, LATAM, and MEA) - Analysis, Size, Share, Trends, & Forecast from 2020-2026.
N95 grade medical protective masks market was valued at USD 827.9 million by 2019, growing with 9.6% CAGR during the forecast period, 2020-2026.
The N95 Grade masks are respiratory medical protective devices that have high filtration effectiveness to airborne particles. These masks are specially designed to provide the requisite air seal to the user or wearer and to achieve a good facial fit. The N95 masks are cleared by the FDA and are specifically used in the healthcare settings only.
The sudden outbreak of coronavirus across the globe and the rapid increase in COVID-19 cases are the key factors predicted to boost the growth of the global N95 grade medical protective masks market during the forecast period. As of 27th July 2020, there were 16.3 million confirmed cases of COVID-19 globally, and this number is evaluated to increase in the coming future. Thus, the demand for N95 masks is expected to swiftly increase over the forecast period as these masks obstruct the transmission of coronavirus by blocking droplets. According to the World Health Organization (WHO), using medical and surgical masks such as FFP3, FFP2, and N95 must be prioritized by the health workers.
Moreover, the growing prevalence of respiratory diseases and the geriatric population, increase in healthcare expenditure, and increase in the number of airborne diseases are other factors estimated to give a significant uplift to the global N95 grade medical protective masks market. However, the growing usage of cloth face coverings or homemade masks, and the shortage of N95 masks are expected to be barriers to the growth of the overall market. For instance, in April 2020, the Centers for Disease Control and Prevention (CDC) recommended the use of cloth face coverings to people without any disease conditions.
Based on type, the global N95 grade medical protective masks market is bifurcated into a mask with an exhalation valve and mask without an exhalation valve. Of these, the N95 masks with exhalation valve type segments are likely to attain a significant share in the global market in the period of forecast. The N95 masks without valve are cheaper as they pose difficulty in breathing. And thus, people prefer the masks with a valve as it reduces sweat and helps easier breathing. The demand for the masks with the valve is expected to extensively rise in the coming future will certainly hit high sales in the upcoming years.
On the basis of application, the worldwide market for N95 grade medical protective masks is categorized into individual, industrial, and hospital & clinic. Among these, the individual segment is estimated to experience a dominant share in the forecast period followed by the hospital & clinic segment. The increasing awareness of people regarding the COVID-19 infection coupled with the fear of coronavirus disease is making individuals use N95 masks. Moreover, the Centers for Disease Control and Prevention (CDC) have recommended people to use N95 grade masks, which are expected to propel the segmental market growth.
Geographically, the global industry is divided into North America, Latin America, Asia Pacific, Middle East & Africa, and Europe. The North America market for N95 grade medical protective masks is projected to attain the highest share in the forecast period, predominantly owing to the rising demand for respirator and surgical masks coupled with the growing number of cases in the region. As of July 2020, the United States ranks first in the world for the highest COVID-19 cases. Furthermore, the US has the second most number of masks production companies across the globe, which is fuelling the regional market growth. For instance, 3M factories in South Dakota and Nebraska are producing nearly 35.0 million N95 grade masks a month, among which 90% are committed for healthcare workers.
On the other hand, the Asia Pacific N95 grade medical protective masks market is projected to witness a lucrative growth rate over the forecast period owing to the rising cases of coronavirus in the region and the increasing production of N95 masks in the region. As of July 2020, India is ranked 3rd in the world for most COVID-19 cases. Moreover, as coronavirus emerged in China, the country is involved in the rapid production of KN95 (the equivalent of N95) masks.
The unprecedented outbreak of the deadly coronavirus has put the world in a pandemic situation and all governments across the world are taking initiatives such as lockdown to prevent the spread of the virus. The COVID-19 pandemic has positively impacted the global N95 grade medical protective masks as a respirator and surgical masks are huge in demand to curb the transmission of the coronavirus. This is mainly because the general public believes that they can seek maximum protection with the medical-grade masks. For instance, in May 2020, Italy secured a total of 14 million masks per week from China, which includes 8 million FF2/N95 masks.
Additionally, several governments and major industry players are highly concentrating on strategic partnerships and mass production of masks to combat the pandemic crisis. For instance, nearly 10,000 machines are presently operating in the US and each machine is capable of producing more than 480 masks every day. Moreover, other industry players such as New Balance, a shoe manufacturer is also started to produce face masks and they plan of producing over 100,000 face masks weekly from its factories located in Lawrence and Massachusetts. These initiatives taken by governments, key industry players, and non-industry players are predicted to create lucrative growth opportunities for the growth of worldwide N95 grade medical protective masks.
The leading players operating in the global N95 grade medical protective masks market include Honeywell, Vogmask, Prestige Ameritech, DACH Schutzbekleidung, Kimberly-Clark, KOWA, 3M Healthcare, Te Yin, Gerson, Hakugen, Cardinal Health, Shanghai Dasheng, and Cambridge Mask Co. To fulfill the demand from people, these players are involved in the rapid production of masks, mergers & acquisitions, term loans for mass production, and geographical expansions to sustain in the COVID-19 pandemic.
For instance, in March 2020, Honeywell announced the completion of a US$6 billion term loan to improve the resilience during coronavirus pandemic. The aim of the company is to maximize its financial flexibility and further boost liquidity in the event of global economic conditions worsen or persist throughout 2020.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year - 2015 to2018
Base Year - 2019
Estimated Year - 2020
Projected Year - 2026
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
DACH Schutzbekleidung GmbH & Co. KG
Cambridge Mask Co.
N95 GRADE MEDICAL PROTECTIVE MASKS MARKET, BY TYPE
Masks with Exhalation Valve
Masks without Exhalation Valve
N95 GRADE MEDICAL PROTECTIVE MASKS MARKET, BY APPLICATION
Hospital & Clinic
N95 GRADE MEDICAL PROTECTIVE MASKS MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA
TABLEAsia Pacific N95 Grade Medical Protective Masks market, by Application, 2015-2026 (USD Million)