With Exhalation Valve Segment is Expected to be the Fastest Growing During the Forecast Period for Europe N95 Masks Market .
According to The Insight Partners market research study on “Europe N95 Masks Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product, Distribution Channel, and End User” is expected to reach US$ 1,201.90 million by 2028 from US$ 458.34 million in 2021. The market is estimated to grow at a CAGR of 14.8% from 2021 to 2028. The report provides trends prevailing in the Europe N95 masks market along with the drivers and restraints pertaining to the market growth. Increasing investments by market players and governments is the major factor driving the growth of the Europe N95 masks market. However, issues associated with the availability of alternative protective products hinder the growth of Europe N95 masks market.
The Europe N95 masks market is segmented on the basis of product, distribution channel, end user, and country. By product, the Europe N95 masks market is bifurcated into without exhalation valve and with exhalation valve. The without exhalation valve segment dominated the market in 2020 and with exhalation valve segment is expected to be the fastest growing during the forecast period. On the basis of distribution channel, the N95 masks market is segmented into offline and online. The offline segment dominated the market and online segment is expected to be the fastest growing during the forecast period. By end user, the Europe N95 masks market is segmented into construction; manufacturing; healthcare; mining, oil and gas; and others. The construction segment dominated the market in 2020 and healthcare segment is expected to be the fastest growing during the forecast period. In terms of country, the Europe N95 masks market is segmented into— Germany, France, UK, Italy, Spain, and Rest of Europe.
Countries in the European regions were profoundly affected due to the COVID-19 pandemic. For instance, countries such as Italy, Spain, and France have reported the highest number of positive cases and have registered the maximum number of deaths. Various companies have undergone severe losses in the last quarter of 2019; they have also faced a negative impact in the first and second quarters of 2020. Hence, the impact of COVID 19 on the European market was immediate and drastic. The N95 mask supply chain, which is already logistically complicated, has to face new challenges.The COVID19 pandemic worst impacts hospital services. The hospitals are overloaded with COVID19 patients and other routine patients. Facial masks are an inseparable part of the hospital's consumables. It is used for patients, surgeons, healthcare staff, and visitors. Due to the ongoing pandemic situation in the European regions, the hospitals in countries such as the UK, Italy, Germany, and others are affected worst affected. There are currently facing a shortage of hospital gowns. For instance, in April 2020, the UK National Health Service (NHS) has raised the alarm regarding the PPE shortage to treat COVID 19 patients. The shortage of products in the markets can also be due to panic buying and stocking gowns. Thus, the COVID19 has a remarkable impact on the hospital gowns market in the regions.
3M COMPANY; ALPHA PRO TECH, LTD.; Ansell Limited; Cardinal Health Inc; Honeywell International Inc.; Kimberly-Clark Corporation; Medisca Inc; Medline Industries, Inc.; and Moldex-Metric; are the leading companies in the Europe N95 masks market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Moldex- Metric, Inc., the manufacturer of the N95 mask planned to open a new manufacturing facility in Wilson County. Moldex-Metric, Inc. planned to take over an existing building in Lebanon and build an additional distribution center on the 21-acre site creating 220 job opportunities.