The Global N95 Mask Market is estimated to witness a growth at a CAGR of ~10% during the forecast period 2020-2026.
N95 Mask is a type of personal protective equipment, that is used to protect against the airborne particles that meets the N95 standard set by the U.S. National Institute for Occupational Safety and Health air-filtration rating. It helps to filter nearly 95% of airborne particles and protect from inhaling hazardous particles.
Segmentation Overview of the Global N95 Mask Market
The global N95 market is segmented on the basis of various segments that include Type Segment and End-User Segment. These market segments are further categorized into various sub-segments such as:
The Type Segment of the Global N95 Mask Market is Sub-Segmented into:
- N95 Respirator
- Common Grade Surgical Mask
- Others (Comfort Masks/Dust Masks)
The End-User Segment of the Global N95 Mask Market is Sub-Segmented into:
- Hospital and Clinics
Geographical Overview of the Global N95 Mask Market
The geographical segmentation of the global N95 Mask market includes various regional segments such as North America (U.S., Canada); Europe (Germany, UK, France); Asia Pacific (China, India, Japan); Latin America (Brazil, Mexico); Middle East & Africa. As per the analysis, the North America N95 Masks Market is witnessing high growth, owing to continuous growth in number of coronavirus cases in the U.S.; as of 25th April 2020, the U.S. leads in the global coronavirus cases with around 930,000 cases and more than 50,000 deaths; whereas in the early March, the state only accounted ~70 cases. Thus, rapid growth in the number of coronavirus cases has boosted the demand for face masks. Also, the U.S. government has requested the domestic manufacturers to boost the production of N95 Masks, on 20th March 2020, President Donald Trump announced that the government ordered 500 million N95 masks for domestic use by healthcare workers, essential service providers and to maintain the stock in retail stores to combat the novel coronavirus.
The Asia Pacific region is predicted to record a fast growth and estimated to grow at significantly with high CAGR in the global N95 Mask market. China ramped up its production capacity of face masks nearly by 12 folds amid the coronavirus outbreak. Also, India is witnessing a huge demand for face masks amid coronavirus outbreak. As of 25th April 2020, India has ~25,000 coronavirus cases. However, owing to huge population, the country may witness a growth in number of cases in next few months, which will boost the demand of N95 masks along with personal protection equipment kit.
Impact of Covid-19 on Global N95 Masks Market:
With the recent outbreak Covid-19 in more than 200 countries, N95 masks are in huge demand across the globe. As of 25th April, with more than 2.8 million cases and over 198,000 fatalities, the regions are witnessing a massive demand for personal protective equipment, including face masks.
The coronavirus transmission is confirmed through the droplets from sneezing or coughing of infected person. Hence, the proper personal protective equipment is used by healthcare professionals and other frontline workers to contain the spread of these droplets to the mouth and nose. China valued as the largest face masks producer and accounted to produce ~20 million masks a day. However, the COVID-19 outbreak in China has boosted the domestic demand and significantly disrupted the global supply of N95 masks. Additionally, major countries have initiated a ban on export of face masks to fulfil the demand of masks domestically during the coronavirus crisis.
Major companies such as Honeywell, 3M, and Prestige Ameritech among others have doubled their mask production capacity to fulfil the continuous growth in demand of N95 masks. Governments across the globe and the central authorities such as the World Health Organization and the Centre of Disease Control (CDC) liberated the usage of N95 masks and recommending surgical face masks as a suitable alternative to handle the shortage of N95 masks to healthcare professionals.
Key Players Insights
Cambridge Mask, Shanghai Dasheng, DACH, Gerson, Cardinal Health, Prestige Ameritech, KOWA, Sinotextiles, Vogmask, Kimberly-clark, Ansell, 3M, Honeywell and Hakugen among others are some major players included in the research study of the global N95 masks market compiled by Report Ocean.
The 3M Company is an American multinational conglomerate corporation that operates for various end user applications that include healthcare, consumer goods, worker safety and various other types of industries. The company accounted as the largest surgical masks manufacturer globally which is attached with N95 masks and face shields. Due to increasing demand of N95 respirator masks majorly from healthcare professionals and a high amount from first responders, the company would boost up the monthly production of these masks to ~50 million by the end of June 2020 for the United States. Also, the company is planning to manufacture ~2 billion N95 respirators masks by the end of December 2020.
Honeywell is one of the major N95 mask manufacturers which is based in Santa Ana, CA. The company is a well-known brand in personal protection equipment (PPE) products for various working environment such as contamination, airborne particulates, welding, vapours and gases, and chemicals among others. N95 masks with and without valves, mask filters & cartridges and non-disposable respirators among others are some major products of the company.
Prestige Ameritech deals in manufacturing of respirators and surgical masks. The company is a key mask manufacturer in the US and hold a position in top 10 respirator mask manufacturers worldwide. The company also offers a wide range of surgeon masks, medical goggles, and other medical equipment.
Shanghai Dasheng Health Products Manufacture Company, Ltd.
Shanghai Dasheng Health Products Manufacture Company is based in Shanghai, China. The company offers NIOSH regulated N99 and N95 respirator masks, European standard EN149 products and other medical equipment that include goggles and face masks.
Louis M. Gerson Company, Inc.
Louis M. Gerson Co., Inc. is a leading medical supplier at global level. The company’s product offerings include respiratory masks, filters, tack cloths, spray socks, spreaders, bags, dispensers, strainers and other related products. The company has manufacturing plants in China and the U.S. and it is also 9001:2008 certified to manufacture respiratory protection equipment for industrial and medical usages.
On March 2020, Business Expansion: 3M announced to expand their production capacity for N95 masks and preparing to boost their production capacity to more than a billion masks by December 2020.
On 2nd April 2020: The Home Depot, Inc. announced to stop selling of N95 masks in all its 2,300 stores around the region to make these masks available for healthcare workers who are at frontline to combat with this pandemic.
On March 2020: Honeywell Company seeks $5 billion term loan to produce face mask and to boost the production of N95 masks at various facilities across the globe during the Coronavirus crisis.
Companies are majorly focusing on boosting their sales through various distribution channels that include direct sales force, online platforms and retail platforms to reduce the extra incurring cost in the form of operational and promotional costs. To get more insights about the competitive strategies adopted by key companies in the global N95 masks market, visit us at www.reportocean.com