N95 Masks Market is expected to reach US$ 4,925.80 million by 2028

Published Date: 31 Aug 2021

Report : N95 Masks Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (With Exhalation Valve and Without Exhalation Valve), Distribution Channel (Online and Offline), and End User (Healthcare, Construction, Manufacturing, Mining, Oil and Gas, and Others); and Geography

With Exhalation Valve Segment to Mark Higher CAGR During 2021–2028

 

According to our new research study on “N95 Masks Market Forecast to 2028 – COVID-19 Impact and Analysis – by Product, Distribution Channel, and End User,” the market is expected to reach US$ 4,925.80 million by 2028 from US$ 1,914.54 million in 2021; it is estimated to register a CAGR of 14.5% from 2021 to 2028. The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth. Factors such as prevalence of COVID-19 and increasing investments and initiatives by market players and governments are the key factors driving the market growth. However, the availability of alternative products is hindering the market growth.

 

Based on product, the N95 masks market is segmented into without exhalation valve and with exhalation valve. In 2021, the without exhalation valve segment accounted for a larger share of the market. However, the demand for N95 masks with exhalation valve is expected to grow significantly owing to the high efficiency of protection provided during inhalation and exhalation. Various government bodies, such as the WHO, the CDC, and health ministries across several countries are encouraging the usage of such masks to prevent the spread of the virus from an infected individual.

 

3M Company; Kimberly-Clark Corporation; Medline Industries, Inc.; Cardinal Health Inc; Ansell Limited; ALPHA PRO TECH, LTD.; Honeywell International Inc.; The Gerson Company; Medisca Inc.; and Moldex-Metric are among the leading companies operating in the N95 masks market. These companies are adopting inorganic and organic growth strategies to expand their global footprints and product portfolio to meet the rising demands for N95 masks. In January 2021, 3M has raised its annual production rate to 2.5 billion N95 respirators, a fourfold rise over 2019. In 2020, the company manufactured 2 billion respirators globally.


N95 Masks Market, by Region, 2021(%)


 N95 Masks Market, by Region, 2021(%)

 

In terms of product, the N95 masks market is segmented into without exhalation valve and with exhalation valve. Based on distribution channel, the market is segmented into offline and online. By end user, the market is categorized into construction, manufacturing, healthcare, mining and oil & gas, and others. Geographically, the N95 masks market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of MEA), and South and Central America (Brazil, Argentina, and the Rest of SCAM).

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