Protective Face Masks Market Size & Share 2020-2026, North America, Europe & APAC Industry Statistics with COVID-19 Impact Analysis: Graphical Research
Europe protective face masks market size to cross $370 million valuation by 2026 | Product segment to boost growth in North American market | Asia Pacific industry to reach $346 Mn by 2026
Pune, India – August 3, 2021 /MarketersMedia/ —
Graphical Research present the report on protective face masks market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2020-2026.
Given below is a brief snapshot of how protective face masks business is prospering across these regions:
Unveiling the regional trends across protective face masks industry
Europe
It has been estimated that Europe protective face masks business space would record revenue share of USD 370 million over the foreseeable time frame, primarily due to the stringent governmental norms pertaining to use of these amidst the ongoing dreaded COVID-19 pandemic outbreak.
• Massive use of face shields
Considering the overwhelming use of face masks and its quick exhaustion, growing inclination towards face shields for similar protective purposes is also supporting the rising graph of protective face masks market across the European nations. It is expected that the face shields segment across Europe protective face masks industry would surpass USD 27 million by the end of 2026, majorly due to the product’s provision of increased security and safety along with face masks.
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• Increased availability in pharmacies
It is pivotal to note that protective face masks are available in huge quantities across the pharmacies in Europe. In fact, pharmacies segment in the Europe protective face masks market seized an overall share of 30 per cent in 2019 and is likely to garner noteworthy gains in the upcoming years, fueled by easy access to pharmacies and availability of variations in these stores.
North America
• Mounting COVID-19 cases
North America region is currently facing wrath of the COVID-19 pandemic with massive cases being recorded in the United States. It was reported that coronavirus cases in Canada as of April 2020 was somewhere about 47,000 and more, enunciating the need for face masks. In fact, some of the regulatory authorities like CDC and WHO have been demanding proper use of these masks to curb the spread of lethal infection in the region, which has positively influenced the growth graph of protective face masks market.
Owing to the massively rising demand for these masks during pandemic situation, various manufacturers in the business space were involved in mass producing face masks. Say for instance, 3M in March 2020 announced doubling their production of face masks by the end of this year.
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• Rising demand for N95 respirators
Given that COVID-19 cases in the region are gradually elevating, need for proper face masks is propelling in economies of North America. This trend has offered a significant boost to the adoption of N95 respirators, a product segment that accounted for a business share of USD 245 million in 2019 and is estimated to grow profusely over the span of 2020 to 2026. It has been claimed that these respirators restrict the entry of 95% of particles above the size of 0.3 microns, helping in curtailing the spread of coronavirus infection.
• Escalating demand for surgical masks
As the number of surgeries in the region are dramatically rising, driven by prevalence of chronic diseases like CVDs, diabetes, and others in conjugation with expanding geriatric patient pool, the need for surgical masks across the U.S and Canadian states has reached to new heights. In this regard, it was recorded that the surgical mask segment held an overall market share of 17 per cent in 2019 and is expected to acquire a major portion in the industry over the forthcoming years.
Asia Pacific
Being an epicenter for the lethal infection spread, Asia Pacific protective face masks market is set to garner tremendous gains over the course of six years, particularly driven by stringent guidelines implemented by central governments and health authorities regarding the use of protective face masks.
• Increasing prevalence of chronic diseases
With the rising burden of chronic diseases in the region, need for face masks, particularly N95 respirators has touched new heights over the past few years. it has been presumed that the N95 respirators segment across APAC protective face masks market would grow at a rate of 400 per cent through 2020, given the product’s robust efficiency in restricting the cross contamination. In fact, the ongoing scenario of COVID-19 has also left a positive impact on growth of this segment across some of the major economies. For instance, Taiwan’s initiative to donate 12 million face masks to worth hit pandemic countries is expected to propel the business dynamics over the forthcoming years.
• An upsurge in online masks purchase
Adhering to strict social distancing norms amended by various central as well as regional governments, sales of protective face masks through e-commerce platforms is currently observing a massive rise. In fact, penetration of internet and attractive discounts being offered by e-commerce websites in the region is adding to the segmental growth. As per industry experts, the e-commerce segment accounted for a whopping share of 24 per cent in 2019.
• Increment in COVID cases across India
India stands as the second worst pandemic hit economies around the globe. This factor has indeed propelled demand for protective face masks in the nation, enabling the country to foresee a CAGR of more than 405 per cent over 2019 to 2020 in the overall market.
• Potential efforts by industry leaders
Industry experts partaking in APAC protective face masks market have been relentlessly working towards addressing burgeoning demands for face masks amidst the infection spread. One such company, Foxconn, had in early 2020 announced its plans of manufacturing over 2 million masks per day; a step which was potential of supporting the expanding needs for face masks and other protective equipment.
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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