Industry Background:
Coronavirus face masks are a medical protective mask also known as respirators and surgical masks. This is a face mask considered as one of the important personal protective equipment, which is used to protect the wearer from airborne particles and from the liquid contamination on the face. It is considered as one of the critical supplies which are highly reserved for the health care workers and other medical responders. There is sudden demand in the market there are various market development activities are taken by the market-leading players. During the coronavirus outbreak, the N95 mask’s demand is instantly becoming at a higher rate. With the ongoing pandemic, COVID-19. It has severely stressed the healthcare system across the globe. This rapid demand shows the high shortage of healthcare protective equipment across the globe. With the increasing CONVID-19 case in the United States. As in a regular scenario, the demand for disposable masks is increasing at a higher rate because of the rising environmental issue. But in duration COVID-19 the demand for the reusable mask is at peak.
According to AMA Research, the market for Coronavirus Face Mask is expected to register a CAGR of 9.1% during the forecast period to 2030. This growth is primarily driven by Increases Number of People in Infected People Across the Globe by the CONVID-19 Surpasses
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Supplies sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as 3M (United States), McKesson (United States), Honeywell (United States), Kimberly-Clark Professional (United States), Vogmask (United States), Shanghai Dasheng (China), Totobobo (Singapore), Cambridge Mask Co. (United Kingdom), Ellessco LLC (United States) and JIANGSU TEYIN IMP. & EXP. CO., LTD. (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In Apr 2020, Verus International Inc. announced to the acquisition of ZC Top Apparel manufacturing Inc., which is Philippines based reusable N95 fabric mask producer. Through this deal, the company found the international trade experience and a step towards the coronavirus crises. The company revealed that it are offering funding and other important resources to handle this COVID-19 situation.
In Apr 2020, Cummins Inc. and DuPont announced the partnership to address the shortage of N95 respirator masks. With the help of Cummins’s nanonet and NanoForce Media technology and DuPont’s Hybrid membrane Technology is used in making N95 masks used by healthcare professionals to filter harmful airborne particles. Under this project, they address the challenge by combining a team of designers, engineers, chemists, surgeons, clothing, and experts from the College of Science and Engineering, and other professionals. They tried to fulfill the shortage of highly required personal protective equipment.The companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focus on maintaining sustainable development. The players are focusing on securing the leading position in this industry. They are continuously looking for the opportunity to reinforce their competitive advantage. To meet a high market share, and developing socially responsible business companies are identifying various strategic pillars such as mergers & acquisitions, new product launch, product enhancement, and others.
Regulatory Insights:
Regulated By –, FDA, Centers for Disease Control and Prevention (CDC), National Institute for Occupational Safety and Health (NIOSH) and Occupational Safety and Health Administration (OSHA)
Influencing Trend:
Adoption of Different Kinds of Filters in These Coronavirus Masks, Technology Advancement in Manufacturing Techniques and Expansion of Coronavirus Mask Manufacturing Operations in FY2020
Market Growth Drivers:
Increases Number of People in Infected People Across the Globe by the CONVID-19 Surpasses and Rising Awareness Regarding Coronavirus Masks Among General People
Challenges:
Shortage of N95 Mask in Coronavirus Pandemic - With the rising of the N95 mask demand, this becomes challenging to the masks manufacturers to handle the sudden surge of the demand of N95 masks across the globe. Another big challenge for the manufacturers is cleaning those N95 masks. These manufacturers are working on various technologies. Even various universities are coming up with various cleaning strategies.
Restraints:
High Cost Associated with Mask’s Raw Material
Opportunities:
Increasing Number of Face Masks Manufacturers Across the Globe and Existing Players are Double their Manufacturing Facilities in China and the United States
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Coronavirus Face Mask Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Coronavirus Face Mask Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Coronavirus Face Mask players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Coronavirus Face Mask Study Sheds Light on
The Coronavirus Face Mask Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Coronavirus Face Mask industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Coronavirus Face Mask industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.