DUBLIN--(BUSINESS WIRE )--The "Disposable Masks - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Disposable Masks estimated at US$20 Billion in the year 2020, is projected to reach a revised size of US$26.6 Billion by 2026, growing at a CAGR of 5.4% over the analysis period.
Surgical Masks, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$20.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Respirator Masks segment is readjusted to a revised 6.5% CAGR for the next 7-year period. Surgical face masks are mainly used in healthcare settings and worn by health professionals during healthcare procedures.
They are designed to prevent infections in patients and health professionals by providing protection from inhaling airborne bacteria and germs in the surrounding environment. Respirator Masks are able to prevent liquid droplets thus leading to reduced risk of virus transmission. Protective masks including N95 are widely used by healthcare professionals during medical procedures known to expose them to respiratory secretions of patients.
The U.S. Market is Estimated at $7.1 Billion in 2021, While China is Forecast to Reach $5.2 Billion by 2026
The Disposable Masks market in the U.S. is estimated at US$7.1 Billion in the year 2021. China, the world's second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2026 trailing a CAGR of 8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.5% respectively over the analysis period.
Within Europe, Germany is forecast to grow at approximately 2.8% CAGR. A key factor driving growth in the US market is the rise in number of COVID-19 cases. Also, the presence of well-established healthcare and chemical industries would result in continuous demand growth for the masks in the region. Asian countries are anticipated to witness strong growth owing to the presence of large consumer base, increasing consumer awareness about personal hygiene, increase in air pollution, fast growing healthcare industry and a growing number of disposable mask manufacturers among others.
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900