What the data say..? Face Mask Market News, Research & Analysis
face mask market size was USD 76.72 Billion in 2020 and is expected to reach a significantly smaller size of USD 58.17 Billion in 2028, and register a decreasing growth rate of 5.2% from 2021 to 2028, according to latest analysis by Emergen Research. Market revenue is expected to register a CAGR of 8.5% from 2020 to 2022 due to the drastic surge in demand for face masks due to COVID-19 pandemic in 2020 and the onset of the second wave in 2021.
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Before 2020, face masks were generally used in healthcare facilities during surgeries/operations and by industrial workers and people staying in highly polluted areas. Also, consumer awareness about benefits of face mask was low earlier, unlike during the pandemic. However, during the pandemic, face masks witnessed a spiraling increase in demand, which is expected to gradually trend downward as the situation comes under control in the latter part of the forecast period, leading to a decreasing growth rate of the face mask market in late 2021.
Steady revenue growth of the face mask market can be attributed to increasing number of surgical procedures in hospitals. Surgeons and nursing staff are mandated to wear face masks during surgery to prevent transmission of germs from nose or mouth of medical personnel into patients’ wound or incision and also to protect from splashes or sprays from a patients’ body. Rising prevalence of chronic diseases among an increasing geriatric population and growing incidence of road accidents and sports injuries are driving need for increasing number of surgical procedures. Also, escalating demand for cosmetic surgery procedures is driving demand for face masks. As per statistics released by the American Society of Plastic Surgeons (ASPS), around 18 million individuals opted for minimally invasive cosmetic surgical procedures in the US in 2018.
Outbreak of SARS-CoV-2 has resulted in a drastic increase in demand for personal respiratory protection such as face masks as a safety measure to avoid contracting the infectious virus and to curb its spread. Coronavirus spreads primarily from one person to other via respiratory droplets and use of face masks provides a barrier to prevent respiratory droplets of an infected person from reaching others. Also, it is particularly necessary to wear a face mask when a person is indoors with visitors and are incapable of maintaining safe distance from them. Also, various governments worldwide have mandated wearing of face masks covering mouth and nose as a precautionary measure to combat spread of coronavirus. In most countries, this mandate has been extended on public transportation and for public places.
Face mask market in Asia Pacific accounted for largest revenue share in 2020, attributed to presence of large population resulting in a larger consumer base and increasing prevalence of infectious respiratory diseases. In addition, rising disposable income and growing demand for disposable face masks in developing countries such as India and China are causative of steady market revenue growth in the region.
Key players in the market include Alpha Pro Tech Ltd., Cardinal Health Inc., The 3M Company, Ambu A/S, Cantel Medical Corporation, Medline Industries Inc., Honeywell International Inc., Makrite, Owens & Minor Inc., and Uvex Group.
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