Short-term demand for surgical masks remains unprecedented, however, growing awareness regarding their effectiveness will lead to steady sales in the long-term, according to a latest study by Future Market Insights. According to the study, even after the COVID-19 pandemic is brought under control, a sizeable percentage of people are likely to continue wearing masks in crowded places, and cities where pollution levels are high.
Key Report Takeaways
- The global surgical masks market is forecasted to surge past valuation of US$ 4.2 Bn by 2030
- Basic surgical masks and fluid/splash resistant surgical masks are expected to collectively account for 80% of market value, each holding a share of near-equal proportions.
- The adoption of basic surgical masks is concentrated among general consumers while fluid/splash resistant surgical masks find a majority of takers among medical professionals.
- By end-use, hospitals are foreseen to channel the majority of revenue, capturing more than 70% of market value.
- Ambulatory surgical centers are anticipated to remain the second-most lucrative market, accounting for more than 1/5th of global market value.
- Europe is poised to capture the lion’s share in market value, accounting for a share little below 2/5th of market value.
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Through the years, surgical masks have remained one of the most prominent protective equipment among healthcare professionals while performing medical procedures.
Surgical masks offer protection against exposure to harmful bacteria and other organisms present in the blood and other bodily fluids that the medical professionals are likely to come in contact with during surgical procedures.
As the number of surgeries continues to increase in direct proportion with the expanding base of the geriatric population, the demand for protective surgical equipment, including surgical masks, is expected to prevail high for the years to come.
As per the statistics of The Lancet, the number of surgeries conducted across the world surged passed 313 Mn in recent years and continues to rise year-on-year, offering substantial revenue opportunities to market players.
Likewise, high levels of air pollution in East Asian nations such as China, South Korea, and Japan have made wearing masks a common practice among the population of these regions.
Besides, the sales of masks in the aforementioned regions have historically witnessed an upsurge during the flu seasons. On these lines, the outbreak of COVID-19 is creating an unprecedented demand for surgical masks, as they become an integral part of routine during the pandemic.
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COVID-19 Impact on Surgical Masks Market
The outbreak of COVID-19 has proven fruitful to the manufacturers of surgical masks, as demand for surgical masks has never been higher. As the number of infections continues to spike in large nations such as the US, India, Brazil, and Russia, with no vaccine approval in sight, people are resorting to all kinds of protective measures in their routine.
On this premise, surgical masks have emerged as the most accessible and efficient safety measure, and have become an integral part of their lives. Surgical masks are currently among the most sought out essentials and are poised to remain through the pandemic, thus catalyzing the overall market growth.
Who is Winning?
Key players operating in the market are capitalizing on the demand created during the pandemic and are upscaling their production capacities to gain a competitive edge. Moreover, market players are focusing on procuring approvals for new products to distribute on a wide-scale.
FMI’s report includes profiles of some of the most prominent names in the market including 3M, Honeywell International Inc., and Medline Industries, Inc., Halyard Health (Owens & Minor, Inc.), Kimberly-Clark Worldwide, Inc., Medline Industries, Inc., Moldex-Metric Inc., Kowa Company Ltd., Premium HealthCare Disposables Private Limited, Kindwell Medical BioClean (ANSELL LTD.), Dynarex Corp., and Valmy among others.
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Explore FMI’s Extensive ongoing Coverage on Healthcare Domain
Anesthetic Gas Masks Market – During most of the surgeries anesthesia is required to reduce or eliminate the pain and bring the entire body including the brain where the patient will not feel any kind of pain. General anesthesia is used to eliminate the slightest movements caused by the patients post operations.
Nonrebreathing Oxygen Masks Market – A nonrebreathing oxygen masks is a face mask used in providing high oxygen concentration. It contains a reservoir bag that provides an adequate amount of oxygen available for the abnormal breathing pattern of the patient tidal volume.
ETCO2 masks Market – It is used as an adult mask that permits the sampling of exhaled carbon dioxide in non-intubated patients during supplementary oxygen administration. The ETCO2 masks market is expected to grow substantially during the forecast period due to rising prevalence of respiratory diseases.
Laryngeal Mask Market – According to the latest research by Future Market Insights, the laryngeal mask market is set to witness steady growth during 2021-2031. Demand for laryngeal mask expects to witness steady recovery in the short term, with an optimistic growth outlook in the long run.
Surgical Broaches Market – Surgical broaches are simple instruments designed to provide reconstructive and supportive approach in comforting the operative target in surgical procedures. Surgical broaches are similar to rasps as they are used provide a fine edges to support replacement implants.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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