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Global Medical Mask Market to Reach Above USD 12.7 Billion by 2027, Aided by the Robust Healthcare

According to a new report by EMR titled, ‘Global Medical Mask Market Report and Forecast 2022-2027’, the global market for medical mask attained a value of more than USD 2.8 billion in 2021. The industry is further expected to grow at a CAGR of 28.70% in the forecast period of 2022-2027 to reach a value of above USD 12.7 billion by 2027.

North America accounts for a significant share of the medical mask industry owing to the robust healthcare in the region. As countries like the United States and Canada provide universal healthcare coverage, the demand for medical masks for medical procedures is surging, hence propelling the market growth. Moreover, the increasing surgical procedures in the region is also escalating the demand for medical masks, therefore driving the industry growth. As the prevalence of infectious outbreaks in hospitals is considerably surging, both healthcare professionals and patients are adopting medical masks to boost safety, which is significantly contributing to the growth of the industry. In addition, the development of innovative medical masks by leading companies in the region is expected to bolster the market growth in the forecast period.

Some of the leading companies in the market are GE Healthcare (NYSE: GE) and Medline Industries, LP. The latter announced in November 2020 that it would manufacture face masks in North America. The company modified its Lithia Springs, Ga manufacturing plant and announced its plans to launch its second production line in 2021 to manufacture about 36 million medical masks per month. The expansion was a part of a contract that the company was awarded by the United States Department of Defence to boost the domestic production of medical masks. It was also an important step for the company to increase the domestic manufacturing of medical masks to meet their growing demand in the United States and Canada. Such initiatives are increasing the availability of medical masks, which is significantly contributing to the growth of the market.

Market Analysis by Type, Distribution Channel, and Region:

  • The market, on the basis of type, can be divided into surgical mask and respirators, among others.
  • Based on distribution channel, the industry can be divided into hospital pharmacies, retail pharmacies, and online pharmacies.
  • The regional markets for medical mask include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing demand for medical masks to prevent the spread of infections in surgical procedures is propelling the market growth.
  • The market is being aided by the growing accessibility to healthcare, which is surging the preference for minimally invasive surgeries.
  • The increasing innovations to enhance the wearability, comfortability, and functionality of medical masks are driving the market growth.
  • The development of medical masks with advanced materials to provide enhanced safety while preventing the risk of side leakages is boosting the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for medical mask for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the types, distribution channels, and major regions of medical mask.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global medical mask market are GE Healthcare, Smiths Group Plc, Thermo Fisher Scientific, Honeywell International Inc, and Medline Industries, LP, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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