According to a new report published by FastMR titled, “Respiratory Mask Market by Product, and End-Use: Global Opportunity Analysis and Industry Forecast, 2016–2027,” the global respiratory mask market was estimated at around USD 6.1 billion in 2019 and is expected to grow with the CAGR of 6.9% during the forecast period 2020-2027. The rising emergence of pathogens around the globe is projected to drive market growth.
Global emergence of corona virus has directly boosted the demand for respiratory masks. The product offers greater protection against pathogens and viruses by isolating face through a patch. As the global cases of infected personnel increases, the demand for product is also expected to observe swift growth over the short term period.
Uncertainty related to the arrival of vaccine to cure coronavirus coupled with rising cases is anticipated to drive market growth. The product offers excellent protection while providing comfortable breathing. Countries around the globe are demanding for the product to tackle the rising cases and break the chain of infected personnel through protective equipment such as respiratory masks.
Get the pages of a sample of this research study # https://www.fastmr.com/request-s/245
As the world fights the economic challenges caused due to the outbreak of pandemic, many economist are suggesting strong financial packages to kick-start industrial facilities. Many governments are offering guidelines to initiate industrial activities while focusing on social distancing and promoting use of respiratory masks. This is projected to positively influence the market growth over the coming years.
The current situation offers huge opportunity for market vendors.Top Key Players: Medicom, 3M(NYSE: MMM), Ansell, Alpha Pro Tech Limited, Honeywell International(NYSE: HON), Grainger, JAL Group, Avon Rubber, Uvex Safety Group, and Mallcom Ltd.
Enquire before Buying this research Study # https://www.fastmr.com/request-e/245
On the basis of product, market is segmented into air purifier respirators and supplies air respirators. Within the air purifier respirators segment, market is further bifurcated into unpowered, powered, and escape respirators respectively. Powered respirators are likely to observe strong demand over the comments no years owing to the outbreak of COVID 19. In addition, it offers advantages such as reduced work fatigue coupled with breathing resistance.
Air purifier respirators are projected to dominate the market share over the forecast period. The rising demand of the product segment is largely due to its excellent performance against fumes, vapor, and harmful gases. The growing construction sector in Asia Pacific region is projected to boost the product segments demand over the predicted timeline. The region is projected to observe solid rise in infrastructure development with India and China spearheading the development over the coming years.
On the basis of end-use, market is segmented into construction, oil & gas, chemicals, fire services, industrial, mining, pharmaceutical, healthcare, and others. Among this, construction segment is projected to observe strong growth over the forecast period. Rapid development of infrastructure in Asia Pacific region is likely to contribute towards market growth over the short term period. Development of smart cities and affordable housing in countries such as India and China is expected to positively influence the market growth.
Global market space is observing huge surge in demand for rare earth metals. This has strongly contributed for the developments of mines in various parts of the world. Similarly, rising demand for lithium metal for electric vehicle battery production is pushing the development of new lithium mines in countries such as Chile and Argentina. Thus, development of new mines is likely to be a key factor in upholding market growth of respiratory masks over the predicted timeline.
Healthcare segment is poised to grow at swift rate owing to the outbreak of pandemic. As the number of fatalities around the globe surge, demand to keep health care workers safe from pathogens and viruses is also likely to increase rapidly. Thus, augmenting demand for respiratory masks.
FAST.MR is a global market research and business-consulting organization that aims to provide a deep market insight to our clients, which helps them in better decision making in the dynamic environment. We have a team of highly qualified personnel that studies the market in depth to provide our clients with better strategies to stand out in the market.
Our report covers current market status, opportunities available in the market, growth plans, and emerging trends in order to cater to the evolving needs of the customers. We help businesses around the globe with operational improvements, technologies, emerging market trends which in-depth boost the company’s growth in the future. The reports prepared by us are customized according to the client’s needs. We inculcate high morale and ethics while preparing our report which helps in building long term relationships with our clients.
150 State Street, Albany,
New York, USA 12207
+1 (518) 300-1215