Theglobal medicalmask market size is projected to reach USD 4.11billion by the end of 2027. The increasingincidence of corona virus across the world will have a huge impact on marketgrowth. According to a report published by Fortune business Insights, titled “Medical Mask Market Size, Share &Industry Analysis, By Type (Surgical Mask, Respirators, and Others), ByDistribution Channel (Hospital Pharmacies, Retail Pharmacies, and OnlinePharmacies), and Regional Forecast, 2020-2027,” the market was worth USD 2.15billion in 2019 and will exhibit a CAGR of 8.5%during the forecast period, 2020-2027.
An Overview of the Impact of COVID-19 on this Market:
Theemergence of COVID-19 has brought the world to a standstill. We understand thatthis health crisis has brought an unprecedented impact on businesses acrossindustries. However, this too shall pass. Rising support from governments andseveral companies can help in the fight against this highly contagious disease.There are some industries that are struggling and some are thriving. Overall,almost every sector is anticipated to be impacted by the pandemic.
Weare taking continuous efforts to help your business sustain and grow duringCOVID-19 pandemics. Based on our experience and expertise, we will offer you animpact analysis of corona virus outbreak across industries to help you preparefor the future.
Click here to get theshort-term and long-term impact of COVID-19 on this [Market].
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Emphasis onDistribution of PPE to Aid Growth
The report encompasses several factors that have contributedto the growth of the overall medical mask market in recent years. Theincreasing prevalence of viral diseases and infections has been a primaryfactor that has influenced the growth of the market. But most recently, thecorona virus outbreak has created a huge demand for personal protectiveequipment (PPE) across the world. The corona virus has spread to 80% countriesacross the world and the number of infected cases crossed 2.7 million. Thispandemic has created a huge awareness regarding preventive measures. Duringthese pandemic, governments as well as private organizations are putting inseveral efforts for distribution of personal protective equipment in severalcountries across the world. In April 2020, the US Department of Justice and theUS Department of Health and Human Services announced that it has initiated thedistribution of PPE, including a total of 192,000 NHH-95 masks to healthcareworkers across New York and New Jersey.
North America to Emerge Dominant; IncreasingCovid-19 Cases Will Aid Market Growth
Thereport analyzes the ongoing market trends across North America, Latin America,Asia Pacific, the Middle East and Africa, and Europe. Among these regions, themarket in in North America is likely to emerge as the dominant region, owing tothe growing incidence of corona virus infections in several countries acrossthis region. As of April 2020, the United States has reported the highestnumber of corona virus cases. The increasing demand for medical mask in several countries across this region will open up a hugepotential for the companies operating in the regional market. As of 2019, themarket in North America was worth USD 0.93 billion and this value is projectedto increase further in the coming years. Besides North America, the market inAsia Pacific will also witness considerable growth due to the rising coronavirus cases in numerous countries across the region.
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