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N95 Mask Market Segmentation by Mask Type (With Breathing Valve, and Without Breathing Valve); and by Application (Industrial, Individual, Hospitals and Clinics, and Others) – Global Demand Analysis and Opportunity Outlook 2020-2029

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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N95 Mask Market Highlights 2020-2029

The N95 mask market is estimated to grow with a high CAGR during the forecast period, i.e., 2021-2029. The rapid rise in Covid-19 infections all across the world is expected to fuel the growth of this market. The growth of the market can also be attributed to factors such as efficiency of N95 masks to filter out more than 95 percent of airborne particles. According to the data collected from the World Health Organization, till June 7, 2021, there have been 173,005,553 confirmed cases of Covid-19, including 3,727,605 deaths reported to the organization.

N95 Mask Market

The market is segmented based on product type into mask with breathing valve and mask without breathing valve, out of which, the mask without breathing valve segment is anticipated to grab the largest share by the end of 2029 on account of high level of protection offered during inhalation and exhalation. Moreover, there is also an increasing awareness about the use of N95 masks due to the coronavirus pandemic which is also projected to contribute to the growth of the segment during the forecast period.

On the basis of application, the industrial segment in the global N95 mask market is the largest segment and is expected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the fact that N95 masks are predominantly being used in the construction industry by workers for protection against fumes, dust, vapors and gases. According to International Labor Organization, the total working population in the world has increased to 3.46 billion in 2019 as compared to 3.35 billion in 2016. Individual and hospital segments are also expected to witness significant growth in the coming years ascribing to the spread of airborne infectious diseases and Covid-19 outbreak.

N95 Mask Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to the rapid surge in Covid-19 infections and efficiency of N95 mask to filter out more than 95 percent of airborne particles. Furthermore, the market in North America is evaluated to occupy the largest share in terms of revenue during the forecast period, owing to the growing awareness about the use of N95 masks as a measure of protection against viruses and other airborne infections. Alternatively, the market in Europe is also anticipated to occupy a significant share in the N95 mask market. CLICK TO DOWNLOAD SAMPLE REPORT

N95 Mask Market

The global N95 mask market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global N95 mask market includes the following segments:

By Mask Type

  • With Breathing Valve
  • Without Breathing Valve

By Application

  • Industrial
  • Individual
  • Hospitals and Clinics
  • Others

Growth Drivers

  • Rapid rise in Covid-19 infections
  • Efficiency of N95 mask to filter out more than 95 percent of airborne particles

Challenges

  • High market price
  • Lack of awareness about Covid-19 in lower economic regions

Top Featured Companies Dominating the Market

  • Honeywell International Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • 3M Company
  • Kimberly-Clark
  • Cardinal Health Inc.
  • Alpha Pro Tech Ltd.
  • Owens and Minor Inc.
  • Prestige Ameritech
  • Medline Industries Inc.
  • Ansell Ltd.

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