- Advertisement -
Monday, October 26, 2020
Home Sustainable Fashion Demand for 'basic' surgical masks continues to grow: FMI study

Demand for ‘basic’ surgical masks continues to grow: FMI study

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 the latest study by ESOMAR-certified market research and consulting firm’s study.

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.

Demand-basic-surgical-masks-growing
Figure: The global surgical masks market is forecasted to surge past valuation of US$ 4.2 Bn by 2030.

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.

“Market players are leveraging the unprecedented demand for surgical masks created by the pandemic and are focusing on increasing their brand visibility,” remarks report analyst.

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 past 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.

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. On these lines,

3M is committed to producing 50 Mn masks for the US medical authorities during the pandemic.

Similarly, Honeywell International has expanded its manufacturing capacity in its facility located in Smithfield, Rhode Island, to cater to the growing demand.

The 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.

These insights are based on a report on Surgical Mask Market by Future Market Insights

Related News

HUUB launches £250,000 funding round

Sportswear and accessories firm HUUB has launched a £250,000 funding drive through Crowdcube to move into new territories. Derby-based HUUB will initiate the fundraising event...

EU pledges to renovate chemicals legislation

Recently the European Commission published a new chemical strategy to regulate the production of hazardous chemicals and associated pollution by gradually banning their use...

Reusable heated mask to filter and deactivate COVID-19

Face masks have become an indispensable part of human life in COVID-19. This has led to intense R&D globally. And one such initiative is...

LG battery powered face mask

Leading electronic company LG has invented a battery-powered filtered face mask intended to reduce irritating problems such as breathing difficulties and fogged-up glasses. LG Electronics'...

Digital technology aiding fashion store staff to make quick decisions

Amid the COVID-19 pandemic, new technology and tools have aided fashion store staff to make faster decisions and better serve customers, says fashion industry...

More like this

HUUB-launches-£250,000-funding

HUUB launches £250,000 funding round

0
Sportswear and accessories firm HUUB has launched a £250,000 funding drive through Crowdcube to move into new territories. Derby-based HUUB will initiate the fundraising event...
European-commission-renovate-chemicals-legislation

EU pledges to renovate chemicals legislation

0
Recently the European Commission published a new chemical strategy to regulate the production of hazardous chemicals and associated pollution by gradually banning their use...
MIT-heat-face-mask

Reusable heated mask to filter and deactivate COVID-19

0
Face masks have become an indispensable part of human life in COVID-19. This has led to intense R&D globally. And one such initiative is...
LG-PuriCare-Wearable

LG battery powered face mask

0
Leading electronic company LG has invented a battery-powered filtered face mask intended to reduce irritating problems such as breathing difficulties and fogged-up glasses. LG Electronics'...
Digital-technology-aiding-fashion-store-staff-quick-decisions

Digital technology aiding fashion store staff to make quick decisions

0
Amid the COVID-19 pandemic, new technology and tools have aided fashion store staff to make faster decisions and better serve customers, says fashion industry...
- Advertisement -