The global demand for surgical masks is expected to grow at an 11.0% CAGR from 2022 to 2030, with a market value of approximately US$ 1.84 billion in 2022. According to Future Market Insights, fluid/splash resistant surgical masks will account for approximately 40.4% of the global market in 2021.
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Key Report Takeaways
- The global surgical masks market is expected to surpass US$ 4.2 billion by 2030.
- Basic surgical masks and fluid/splash resistant surgical masks are expected to account for 80% of market value, with each holding a nearly equal share.
- Basic surgical masks are mostly used by general consumers, whereas fluid/splash resistant surgical masks are mostly used by medical professionals.
- Hospitals are expected to channel the majority of revenue, accounting for more than 70% of market value.
- Ambulatory surgical centres are expected to continue to be the second-most profitable market, accounting for more than one-fifth of global market value.
- Europe is poised to capture the lion’s share of market value, accounting for just under two-fifths of total market value.
COVID-19 Impact on Heat Induction Cap Liners Market
Surgical masks have long been regarded as one of the most important pieces of protective equipment used by healthcare professionals when performing medical procedures.
Surgical masks protect medical professionals from harmful bacteria and other organisms found in blood and other bodily fluids that they are likely to come into contact with during surgical procedures.
As the number of surgeries continues to rise in direct proportion to the growing geriatric population, the demand for protective surgical equipment, such as surgical masks, is expected to remain high for the foreseeable future.
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According to The Lancet, the number of surgeries performed globally has surpassed 313 million in recent years and continues to rise year on year, providing significant revenue opportunities to market players.
Similarly, high levels of air pollution in East Asian countries such as China, South Korea, and Japan have made wearing masks a common practise among the locals.
Furthermore, sales of masks in the aforementioned regions have historically increased during flu seasons. In this vein, the COVID-19 outbreak is generating unprecedented demand for surgical masks, as they become an essential part of routine during the pandemic.
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COVID-19 Impact on Surgical Masks Market
The COVID-19 outbreak has benefited surgical mask manufacturers, as demand for surgical masks has never been higher. As the number of infections continues to rise in large countries such as the United States, India, Brazil, and Russia, and no vaccine is in the works, people are resorting to a variety of protective measures in their daily lives.
Surgical masks have emerged as the most accessible and efficient safety measure based on this premise, and have become an integral part of their lives. Surgical masks are currently among the most in-demand essentials, and they are expected to remain so throughout the pandemic, catalysing overall market growth.
Who is Winning?
Key players operating in the market are capitalizing on the demand created during the pandemic and are upscaling their production capacities to gain a competitive edge. Moreover, market players are focusing on procuring approvals for new products to distribute on a wide-scale. On these lines,
- During the pandemic, 3M has committed to producing 50 million masks for US medical authorities.
- Similarly, Honeywell International has increased its manufacturing capacity at its Smithfield, Rhode Island, facility to meet rising demand.
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FMI’s report includes profiles of some of the most prominent names in the market including 3M, Honeywell International Inc., and Medline Industries, Inc., Halyard Health (Owens & Minor, Inc.), Kimberly-Clark Worldwide, Inc., Medline Industries, Inc., Moldex-Metric Inc., Kowa Company Ltd., Premium HealthCare Disposables Private Limited, Kindwell Medical BioClean (ANSELL LTD.), Dynarex Corp., and Valmy among others.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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