N95 Mask Market: Global Industry Analysis and Forecast (2023-2029)

N95 Mask Market size was valued at US$ 2.19 Bn. in 2022 and the total revenue is expected to grow at 14.52 % through 2023 to 2029, reaching nearly US$ 5.66 Bn.
N95 Mask Market Overview:
The coronavirus pandemic, worker safety, growing incidences of infectious biological illnesses globally, and rigorous mask laws, which have raised the demand for N95 masks, are expected to drive market growth. The rapid introduction of the omicron strain in 2022 has disrupted the global economic recovery. Because of the high transmissibility and potential to infect the vaccinated, lockdowns may be imposed, causing supply chain disruptions. Additionally, the market is expected to be driven by growing demand for respirators and masks, as well as severe respiratory safety requirements in different end-user sectors.To know about the Research Methodology :- Request Free Sample Report

As per the Department of Defense, before the COVID-19 outbreak, the United States consumed around 51 million N95 masks each year. During the outbreak, the demand peaked at roughly 135 million during the 3-month-period in 2022. Also, starting in February 2022, the nation planned to distribute around 400 million free N95 masks from its Strategic National Stockpile. The oil and gas industry is booming as energy consumption returns to pre-crisis levels, aided by an economic rebound and decreased gas costs. Concerns about airborne pollutants such as smoke, carbon monoxide, and hazardous gases in the petrochemical and oil and gas sectors are expected to drive demand for N95 masks throughout the forecast period.

Manufacturers have formed alliances with distributors to increase their market reach in various regions. N95 masks are also distributed to end consumers globally via online and offline platforms. Henry Schein, Inc., Fisher Scientific, Amazon.com, Inc., W.W. Grainger, Inc., and Westnet, Inc. are among the major distributors. The N95 mask market is characterized by the presence of well-established global and regional companies with a diverse product range, extensive distribution networks, and substantial financial resources.
N95 Mask Market Dynamics:
Stringent workplace safety laws, particularly in developed nations, are likely to drive market growth, as is an increase in the number of operations and ICU admissions. The need for disposable facemasks is being driven by an increase in the number of physicians in both public and private healthcare institutions, as well as an increase in the number of operations conducted in the healthcare sector. Globally, an increase in the number of cataract procedures, orthopaedic surgeries, and ophthalmologists is expected to drive demand for face masks. Over 23 million operations are performed worldwide by medical experts, with 53 percent of them being minimally invasive. Also, the number of minimally invasive hysterectomy procedures performed in the United States has increased dramatically during the previous decade.

Infections contracted in hospitals are also becoming a major driver of demand for different face masks. Hospital acquired infections, or HAIs, continue to be a major problem in the healthcare industry, necessitating the usage of disposable medical gloves by medical personnel to limit the spread of HAIs. Because of increased mortality and morbidity rates, prolonged hospital stays, transmission of superbugs, poor infection-control procedures, and disease outbreaks, hospitals, ambulatory care, long-term care, and home care facilities are at high risk of HAIs.

Low-quality and fraudulent N95 masks are affecting the industry, since the sector has experienced a lot of competition, and vendors are taking advantage by selling bogus items at low costs. There have been several recent stories about bogus N95 masks. For example, a Massachusetts hospital discovered 30,000 bogus N95 masks. More than 10 million masks have been confiscated since the outbreak, according to 3M, and the business has received 10,500 questions regarding N95s' legitimacy. Such occurrences are stifling the global N95 mask market's growth. Also, the availability of low-cost masks and the lack of N95 masks will have a significant impact on market growth.
Covid-19 Impact:
Stakeholders in the N95 mask market have risen dramatically as a result of the pandemic, with output up by more than 100 percent. The demand for suitable personal protective equipment to prevent these particles from entering the nose and mouth has resulted in good jobs and possibilities in the field. For example, Honeywell Inc. has increased production of N95 face masks at its facility, resulting in the creation of over 500 additional employment to provide masks to the US Department of Health and Human Services. In addition, at the Fulgaon site in India, the business has established a new N95 mask production line to assist emergency responders, frontline healthcare personnel, and government agencies reacting to the COVID-19 epidemic. The continuing government assistance for the market, such as the Directorate General of Foreign Trade (DGFT) removing its limitation on the monthly export quota of 50 lakh units of N-95/FFP2 masks, is enabling the market to rise.

However, as a result of the epidemic, prices for surgical masks and N95 respirators have skyrocketed, with stockpiles being sold to the highest bidder, resulting in the world's largest mask scarcity. China, the world's largest mask maker with a daily output of more than 20 million masks, has also been affected by global demand and supply shortages. In order to meet domestic demand, numerous nations, including Germany, South Korea, and Thailand, have restricted the export of face masks to other countries.
N95 Mask Market Segment Analysis:
The global N95 Mask Market is segmented by Uses, Product, Distribution Channel and End-User.

Based on The Product, the global N95 Mask market is sub-segmented into With Exhalation Valve and Without Exhalation Valve. The Without Exhalation Valve segment held the largest market share of 80% in 2022. A N95 mask without an exhalation valve is a form of respiratory protection equipment that is meant to fit your face more snugly and filter airborne particulate matter effectively. The N95 design denotes that the mask can prevent at least 95% of extremely tiny test particles from entering. These masks aren't equipped with a valve. Because of the great efficacy of protection given during inhalation and exhalation, demand for N95 masks without an exhalation valve is likely to expand dramatically. Various medical organisations, such as the World Health Organization (WHO), the Centres for Disease Control and Prevention (CDC), and health ministries in a number of countries are pushing the use of such masks to prevent the virus from spreading from an infected individual to the population.

Based on The End-User, the global N95 Mask market is sub-segmented into Healthcare, Construction, Manufacturing and Others. The Construction segment held the largest market share of 38% in 2022. Construction workers wear these masks to protect themselves from fumes, vapours, dust, and gases, as well as frequent risks like silica dust from cutting and grinding soil and asbestos exposure when undertaking clean-up and demolition work.

The healthcare sector is expected to hold the largest market for N95 mask market by 2029. Because of the increased need for nurses, physicians, and other frontline workers According to Premier, one of the major medical suppliers in the United States, N95 mask use has climbed 500 percent since July 2021, with N95 and KN95 mask spending up more than 14,000 percent since March 2021. It was also recommended that hospitals maintain a 3X to 17X increase in supply-demand for personal protective equipment, with N95 masks being the most important.
Regional Insights:
North America held the largest market share of 37% with such a revenue of US$ 2 billion in 2022. Due to the global spread of Covid-19, the demand for N95 masks has always been surplus. Every region has a large demand for N95 masks, with production growth exceeding 100% and huge market investment. North America occupies an important position in the global market share of N95 masks and is expected to continue to dominate during the forecast period, as the outbreak of the new crown virus has led to increasing demands from medical staff, hospitals and the local public. The region has observed significant expansion and investment by leading market players such as 3M. The production of N95 masks at its manufacturing plants in the United States, Asia, and Europe has doubled to 1.1 billion per year, and it plans to increase its production capacity. Further doubling next year to 2 billion per year.

Asia Pacific is expected to grow at a highest CAGR of 29.55% in the global N95 Mask market during the forecast period. Governments in various nations have enforced the use of protective face masks across sectors to avoid the spread of the COVID-19 pandemic, which is estimated to function as a significant driver of the market in the region. During the epidemic, the Japanese government has asked manufacturers to expand output in order to close the demand-supply gap for protective masks. Also, the government has granted capital investment subsidies to mask manufacturers and other production facilities, as well as assistance in obtaining raw materials.

The objective of the report is to present a comprehensive analysis of the global N95 Mask Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the global N95 Mask Market dynamic, structure by analyzing the market segments and project the global N95 Mask Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global N95 Mask Market make the report investor’s guide.
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N95 Mask Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2.19 Bn.


Forecast Period 2023 to 2029 CAGR:
14.52 %
Market Size in 2029:
US $ 5.66 Bn.


 Segments Covered:
by Uses
Reusable
Disposable


by Product
With Exhalation Valve
Without Exhalation Valve


by Distribution Channel
Online
Offline


by End-User
Healthcare
Construction
Manufacturing
Others



Global N95 Mask Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Global N95 Mask Market Key Players
1. ANSELLLTD
2. 3M
3. Cardinal Health
4. Cambridge Mask Co
5. Honeywell International Inc.
6. JIANGSU TEYIN IMP. & EXP. CO., LTD.
7. Kimberly-Clark Worldwide, Inc.
8. Kowa Company Ltd.
9. Ohlone Press LLC
10. The Gerson Company
11. Medline Industries, Inc.
12. O&M Halyard
13. Ansell Ltd.
14. Prestige Ameritech
15. Reckitt Benckiser
16. Shanghai Dasheng
17. Vogmask
Frequently Asked Questions:
1] What segments are covered in N95 Mask Market report?
Ans. The segments covered in N95 Mask Market report are based on Uses, Product, Distribution Channel, and End-User.

2] Which region is expected to hold the highest share in the global N95 Mask Market?
Ans. North America is expected to hold the highest share in the global N95 Mask Market.

3] What is the market size of global N95 Mask Market by 2029?
Ans. The market size of global N95 Mask Market is expected to reach US $ 2.19 Bn. by 2029.

4] Who are the top key players in the global N95 Mask Market?
Ans. ANSELL LTD., 3M, Cardinal Health, Cambridge Mask Co, Honeywell International Inc. and JIANGSU TEYIN IMP. & EXP. CO., LTD. are the top key players in the global N95 Mask Market.

5] What was the market size of global N95 Mask Market in 2022?
Ans. The market size of global N95 Mask Market in 2022 was US $ 5.66 Bn.