Number of pages: 100 | Report Format: PDF | Published date: October 12, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market size value in 2021 |
US$ 3.3 billion |
Revenue forecast in 2030 |
US$ 6.99 billion |
Growth Rate |
CAGR of 8.7% from 2022 to 2030 |
Base year for estimation |
2021 |
Forecast period |
2022-2030 |
Segments covered |
product type, application, end-user, and region. |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global medical mask market was pegged at US$ 3.3 billion in 2021 and is expected to witness a CAGR of 8.7% during the forecast period from 2022 to 2030.
Market Fundamentals
A medical mask is essential to medical procedures such as surgeries, diagnostic laboratories during the screening process, and many more. It is a preventive measure to avoid spreading respiratory diseases. A medical mask blocks the airborne particles from breathing. The outbreak of COVID-19 around the globe greatly impacted the medical mask market, thus increasing the overall market value.
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Market Dynamics
The global medical mask marketgained enormous popularity in recent years due to the COVID-19 outbreak around the globe and is estimated to depict steady growth during the projected period. The growth can be attributed to the rising prevalence of infectious and chronic diseases, growing awareness of HAIs (health-associated infections), and rising demands for N95 respirators. Additionally, improving public healthcare facilities, increasing surgical procedures, and growing geriatric population further boost the market development. However, the increasing cost of these medical masks can be a restraining factor in the market.
Market Ecosystem
The global medical mask market has been analyzed from four perspectives: product type, application, end-user, and region.
Medical Mask Market by Product Type
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Based on product type, the global medical mask market has been segmented into N95 respirators, full-face masks, anesthesia masks, face masks, surgical masks, and laryngeal masks. Surgical masks dominate the market with the largest revenue share owing to increasing surgical procedures. Surgical masks can also be labeled isolation, dental, or medical procedure, as they are utilized in almost every medical procedure and even diagnostics. It is a common mask and is used in daily life for various medical purposes such as allergies and viral for safety purposes. Thus, these factors encourage the growth of the market.
Medical Mask Market by Application
Based on the application, the market has been segmented into allergies, infectious diseases, surgical procedures, and respiratory safety. Respiratory safety holds the largest share of the market. The growth of this segment can be attributed to rising cases of respiratory disorders, and especially during the COVID-19 pandemic, the respiratory diseases upsurged, thereby boosting the market development.
Surgical procedures is the second largest segment owing to growing surgical procedures due rising prevalence of chronic diseases such as cancer, diabetic foot ulcer, cardiovascular diseases, and many more; such factors help the growth of the surgical procedure segment in the medical mask market.
Medical Mask Market by End User
Based on end-user, the market has been segmented into hospitals and clinics, ambulatory surgical centers, and diagnostic laboratories. The hospital and clinic lead the market with the largest revenue share. Hospitals are basic medical facilities and the most preferred healthcare centers with large patient pools. Additionally, this segment performs a large number of surgical procedures. Thus, the adoption of medical masks in hospitals and clinics is high. Therefore, these factors impact the growth of the market.
Medical Mask Market by Region
The market has been segmented based on regions: North America, Europe, Asia Pacific, and the Rest of the World. North America leads the global medical mask market with the largest revenue share. It is also expected to maintain its dominance in the forecast period. This market's growth can be due to the large geriatric population, the high prevalence of chronic diseases, and the developed healthcare infrastructure. Additionally, an increase in HAIs incidences and a high number of surgical procedures are some of the reasons that are responsible for the market growth in North America. While the Asia Pacific holds the second largest share in the market owing to the growing incidence of non-communicable diseases, growth in medical procedures, and continuously rising aged populations. Additionally, growing government initiatives for adopting medical masks in daily life due to the COVID-19 pandemic also contributes to the market expansion.
Competitive Landscape
Some of the prominent players operating in the global medical mask market are:
Strategic Developments
The medical mask market was approximate US$ 3.3 billion in 2021 and is expected to grow at a CAGR of 8.7% during the projected period.
North America dominates the medical mask industry in terms of revenue share.
Growing surgical procedures, increasing diagnostics or screening processes, and rising prevalence of chronic or infectious diseases are some significant trends in the medical mask market.
The medical mask market experienced a sudden jump in the market during the COVID-19 pandemic, thus, propelling the market significantly.
*Insights on financial performance is subject to availability of information in public domain