South Korea N95 Medical Protective Masks Market Growth Analysis Report 2020-2026 [ 2023 UPDATE Available – Forecast 2023-2030*]

 

The global N95 medical protective masks market is experiencing exponential growth due to the increasing cases of COVID-19 and the need for effective protection against airborne pathogens. According to Fairfield Market Research, the market revenue is anticipated to rise at a healthy pace of 9.5% CAGR during the period, reaching US$1,994.8.0 million by 2026 from US$1,159.4.0 million in 2020.

Access Full Report: https://www.fairfieldmarketresearch.com/report/n95-medical-protective-masks-market

N95 grade protective masks, regulated by The National Institute for Occupational Safety and Health (NIOSH), are in high demand worldwide. The cup type masks are expected to hold the largest market share, capturing 69.5% by 2026, while the flat-fold type masks are the fastest-growing segment with a 10.1% CAGR. Manufacturers are focusing on increasing production to overcome supply shortages caused by import and export restrictions, lockdowns, and centralized procurement procedures.

The hospital and clinic segment is projected to contribute 59% to the global N95 medical protective masks market as healthcare workers seek the best protection against COVID-19. Developed countries, such as North America and Europe, currently dominate the market, with Europe expected to register solid demand growth with a CAGR of 10.2% in the forecast period. Asia Pacific, particularly China, is also witnessing lucrative growth as efforts are made to increase the production of key inputs like non-woven fabric.

Prominent companies in the market, including 3M, Honeywell, Cardinal Health, Ansell, GERSON, Shanghai Dasheng, Moldex-Metric, and CM Industrial & Safety Supply Inc., are prioritizing the increase in production to meet the overwhelming demand for N95 masks. In 2020, 3M alone produced approximately two billion units worldwide, with plans to reach 2.5 billion units in 2021.

Despite the market's growth, challenges such as difficulty tolerating masks for long durations, individualized fitting requirements, variations in mask fit, inadequate supply, competition, price gouging, and disruptions in transport and logistics continue to hinder access to N95 masks.

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