Protective Masks Market to Record -34.5% CAGR | FMI
The Protective
Masks Market is expected to grow from US$ 0.9 billion in 2019 to US$
25.1 billion in 2022 before declining to US$ 3.0 billion by 2027. CAGRs are expected to be 203.26% between 2017 and 2021 and -34.6% between 2022 and 2032 for these
time periods.Protective Masks
To
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The
emergence of the COVID-19 pandemic, increased consumer knowledge of the
significance of face masks, and a boom in social media marketing to foster a
positive attitude toward using protective masks are the key factors driving the
growth of the protective mask market.
The
protective mask market is expected to benefit as a result of the epidemic. This
is mostly due to the rising demand for protective masks, which help to prevent
or delay the spread of life-threatening COVID-19 infections.
Protective masks have also been used as a
public and personal health control strategy to stop SARS-CoV-2 from spreading.
Their usage is designed to protect individuals from infection and to act as
source control to prevent the virus from spreading in a community or healthcare
context.
Many social media platforms have launched
campaigns advocating the usage of the protective mask to foster a favourable
attitude toward using them in the community in order to prevent the spread of
the new coronavirus. According to Facebook's CEO, his firm is collaborating
with the World Health Organization (WHO) and is offering free advertising space
to help battle COVID-19.
Key
Takeaways:
- Procedure masks accounted for
40.6% of the protective masks market share.
- The protective masks market in
hospitals and clinics surpassed USD 4.1 billion.
- The protective masks market in
Europe was valued at more than USD 1.3 billion.
- During the projected period,
the direct distribution segment of the protective masks market is
estimated to rise at a CAGR of 6.7%.
- The protective masks market is
dominated by North America, which is predicted to expand at a CAGR of
-9.1% over the forecast period.
- During the projection period,
the disposable sector of the protective masks market is predicted to
increase at a CAGR of -10.3%.
During the projection period, the
polypropylene sector of the protective masks market is predicted to expand at a
CAGR of -10.8%.
Competitive
Landscape:
3M, BSN Medical, Honeywell, Coltene,
Cardinal Health, and Dentsply Sirona are just a few of the major players in the
protective masks market. These protective masks market leaders are using a
variety of growth methods to gain a greater proportion of the protective masks
market and raise their income. In order to tackle the COVID-19 illness,
businesses are focused on increasing the manufacture of protective masks.
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