CAGR Of 5% To Create Astuteness In The Facial Mask Market Between 2020 to 2030
Posted by Steve Sharma on July 6th, 2022
Sedentary lifestyle, rising geriatric population, and increasing number of people suffering from chronic diseases such as cancer, pulmonary disorders, and cardio vascular disorders have led to increase in number of surgeries. Use of facial masks during surgeries and rapid adoption of oxygen therapy is set to drive the growth of the facial mask market.
Substantial change in the burden of respiratory diseases such as chronic obstructive pulmonary diseases (COPD) and asthma has been observed, which will widen opportunities for manufacturers in the facial mask market. Medical mask market growth has been massive during the COVID-19 pandemic, as personal protection equipment (PPE) is the need of an hour.
The COVID-19 pandemic has had a positive impact on the growth of the facial mask market. Demand for N95 respiratory and surgical masks has been surging throughout the pandemic.
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Companies covered in Facial Mask Market Report
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The global facial mask market is slated to expand at a CAGR of close to 5%, and cross a valuation of US$ 7 Bn by 2030-end.
Key Takeaways from Facial Mask Market Study
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“Rising prevalence of chronic diseases, especially respiratory disorders, growing burden of surgeries, and increasing awareness regarding personal and patient safety are factors expected to boost the growth of the global facial mask market. The COVID-19 pandemic has boosted market growth due to the unstoppable demand for facial masks. Due to this impact, year-on-year growth has increased to 3.9% in 2020 from 3.7% in 2019,” says a PMR analyst.
Growing Trends in Facial Mask Market
Rising awareness about effective respiratory protection and management in developed countries such as the U.S. and U.K. are seen with promotional advertisements and training programs about the usage of facial masks. Such awareness programs will help in educating people and will ultimately surge the growth of the facial mask market.
Growing preference for non-invasive ventilation masks and circuits for long-term oxygen therapy patients has also been seen in recent times. This has reduced hospital and ICU stays. Growing popularity of these masks will propel facial mask market growth.
Expansion of Manufacturing Capabilities and New Product Launches – Key Strategies by Market Players
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the facial mask market in its latest study, presenting historical demand assessment of 2015 – 2019 and projections for 2020 – 2030, based on product (medical masks [anesthesia masks, non-invasive ventilation masks, oxygen masks, and aerosol masks], respirators [single strap masks, filter dust masks, half-face masks, full-face masks, and PAPRs]) usage (reusable and disposable masks), and distribution channel (institutional sales [hospitals, ambulatory surgical centers, office-based clinics, skilled nursing facilities, diagnostic laboratories, and academic and research institutes] and retail sales [retail pharmacies, drug stores, mail over pharmacies, retail stores, and online sales]), across seven key regions.
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About the AuthorSteve Sharma
Joined: April 12th, 2021
Articles Posted: 443
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