N95 Grade Medical Protective Masks Market to reach around US$ 1,495.4 Million by 2027

N95 grade medical protective masks are air purifying personal protective devices, which are designed for reducing the users’ inhalation exposure to certain airborne particles. These respirators are tested and certified by the National Institute for Occupational Safety and Health (NIOSH) – a Department of Health and Human Services.

The global N95 grade medical protective masks market is projected to reach around US$ 1,495.4 million by the end of 2027, in terms of revenue, exhibiting a CAGR of 7.3% during the forecast period (2020-2027).

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Drivers

As the countries across the globe are dealing with new pandemic- COVID-19, there is an increased need of protection for dealing with such virus. The emergence of this pandemic has led to a drastic increase in demand of masks.  China contributes significantly to the global production of N95 masks. However, after the COVID-19 pandemic broke out, there was temporary shutdown of factories, which resulted in temporary disruption in the production of masks. When the epidemic was under control, the factories started commencing its operations slowly. However, it was not possible for China to fulfill the local demand and the global orders. With the objective of compacting this difficult situation, the factories engaged in production of phones and cars turned for producing masks. Furthermore, the machines that were used for churning the fibrous material for diapers and sanitary pads were re-tooled for producing the materials required for masks.

Among region, North America held dominant position in the global N95 grade medical protective masks market in 2018, accounting for 38.5% share in terms of value, followed by Asia Pacific.

Market Restraints

The availability of medical, surgical, and patient care face masks are major factors restraining growth of the N95 grade medical protective masks market. The medical and surgical masks are designed in a manner, which helps in the prevention of larger droplets from being expelled by the wearer into the environment. The small players in the market also manufacture masks similar to N95 respirators, however they are not capable of protecting the wearer from inhalation of airborne hazards. These substitutes pose a great threat to the market.

Market Opportunities

The N95 grade medical protective masks market is expected to witness significant growth opportunities with the increasing adoption of safety healthcare protective devices, owing to rising awareness amongst the people about the benefits offered by N95 masks. As per China standards, KN95 is the equivalent respirator of N95. In the ongoing COVID-19 pandemic, China is one of the worst affected countries and is producing the masks at a rapid rate.

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Market Trends

The World Health Organization reported a total of 413,467 cases across the globe as on March 25, 2020. Among this, the major affected countries include China (81,848 cases), Italy (69,176 cases), USA (68334 cases), Iran (24,811 cases), Republic of Korea (9,137 cases), Spain (39,673 cases), Germany (31,554 cases), and France (22,025 cases). There is a drastic increase in the number of cases in several economies across the globe. This increasing pandemic has led to rising demand for personal protective equipment. Furthermore, the World Health Organization projected that the frontline health responders across the globe would require 89 million masks every month to protect themselves from the virus. This is projected to accelerate the market growth of N95 grade medical protective masks over the forecast period.

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