N95 마스크 시장

N95 Mask Market Overview
N95 mask market is estimated to reach at a CAGR of 9.2% during the forecast period (2023-2030). An N95 is a type of respirator mask used as personal protective equipment for the prevention of inhaling aerosols as well as vapors or gases that are health hazards. N95 mask also protects against inhaling micro airborne infectious agents such as airborne viruses including coronavirus, SARS, H1N1, etc. According to the European standard, it should have a minimum of 95% filtration and a maximum of 8% leakage to the inside. N95 masks are gaining popularity as it is considered the most common and best-selling type of respirator mask, for protection against the coronavirus, it is also used in versatile industries such as construction, agriculture, healthcare, metals & mining, and others.
As per DataM Intelligence, N95 Mask Market study analysis offers an in-depth outlook on the market containing quantitative and qualitative data. It gives an outlook and forecast of the global market based on market segmentation. It also provides global N95 Mask Market size, and growth, along with the latest trends, opportunities, and forecast till 2029 for the global market with esteem to major countries such as the United States, Canada, Brazil, Germany, Italy, Spain, United Kingdom, Russia, European countries, United Arab Emirates, Saudi Arabia, South Africa, Japan, China, India, South Korea, Australia, and rest of the countries over the globe.
Among all regions, the North American region is expected to hold the largest share of the global market over the forecast period. N95 Mask Market in the United States and Canada produces the utmost share. Whereas the European N95 Mask Market is projected to continue its presence globally during the period of 2023- 2030.
North America region holds the largest market for the global N95 mask globally
The demand for N95 masks has been in excess due to the spread of Covid-19 globally, every region has seen significant demand for N95 masks with increasing production of more than 100% and huge investments in the market.
North American region holds a significant market share for the N95 mask market globally and is expected to continue its dominance in the forecast period with increasing demand from health care workers, hospitals, and the local public due to the covid outbreak. The region has observed significant expansions and investments from the leading market players such as 3M has doubled its production of N95 masks to 1.1 billion per year at its manufacturing facilities, including in the U.S., Asia, and Europe and it has aimed to further double its capacity to 2 billion per year within next year. Alpha Pro Tech observed face mask sales of $15.4 million in the 4th quarter of 2020, compared to $13.4 million in the third quarter and $8.5 million in the attributed due to increased sales of our proprietary N-95 mask.
According to the 3M, almost 5 million people require to use a respirator at work every day in the U.S, and N95 is considered the most common regulatory certification for respiratory protection to be used in the workplace.
N95 Mask Market Dynamics
The global N95 mask market growth is driven by the global outbreak of coronavirus, increasing respiratory diseases, and concerns from the public about safety.
outbreak of coronavirus
The demand for the market is boosting with increasing coronavirus cases. As of March 2021, almost 132 million were affected by the virus, resulting in 2.87 fatalities globally. For this reason, WHO has informed industry and governments to increase the manufacturing of masks by 40% to meet rising global demand.
In the initial phases, countries faced shortages of masks for doctors, nurses, frontline workers, and the public due to limited access to supplies of PPEs. WHO shipped nearly half a million sets of personal protective equipment to 47 countries and based on modeling, WHO has an estimated demand of 89 million medical masks each month. The virus has also created opportunities for the market to grow globally, such as 3M will import 166.5 million respirators over April 2021, primarily from its manufacturing facility in China.
The market is also driven by government approvals for N95 masks. For instance, U.S. National Institute for Occupational Safety and Health has certified NIOSH-42C FR84, the FFP2 masks are certified by the European Union conforming to and the KN95 meets the Chinese National Medical Products Administration (NMPA) standard.
Presence of low-quality and fake masks
The N95 mask market is impacted by low-quality and fake N95 masks, as the market has seen huge competition in the market and to take advantage, vendors are selling false products at low prices. There has been various recent news related to fake N95 masks. For instance, the Massachusetts hospital has spotted fake 30,000 N95 masks.
According to 3M, more than 10 million masks have been seized since the pandemic, and the company has fielded 10,500 queries about the authenticity of N95s. Such instances are responsible for restraining the global market growth. Moreover, the availability of cheap masks and the shortage of N95 masks will also impact the market growth.
COVID-19 Impact Analysis
Due to the pandemic, stakeholders across the N95 mask market have drastically grown, with increased production of more than 100%. The need for proper personal protective equipment for avoiding these droplets on the nose and mouth has created healthy opportunities and employment in the sector. For instance, Honeywell Inc has expanded its N95 face mask manufacturing at its site, creating more than 500 new jobs to deliver masks to the U.S. Department of Health and Human Services. Also, the company has added a new N95 mask production line at the Fulgaon facility in India to help emergency responders, and support frontline healthcare workers, and government organizations responding to the COVID-19 pandemic. The continuous government support towards the market is also helping the market to spike such as the Directorate General of Foreign Trade (DGFT) has withdrawn its restriction for the monthly export quota of 50 lakh units of N-95/FFP2 masks. Etihad will make and distribute 1.3 million masks over the next three months to flight attendants, other staff, and medical professionals, it said in a statement.
However, amid the pandemic situation, prices for surgical masks and N95 respirators have grown drastically with stocks sold to the highest bidder, as the market suffered the shortage of masks in the world. China being the largest producer of masks with a daily production of more than 20 million masks per day has also suffered from global demand and shortage of supply. Also, many countries like Germany, South Korea, and Thailand have banned the export of face masks to other countries to fulfill the local demand.
N95 Mask Market Segment Analysis
By end-users, the global market is classified into healthcare, construction, food & beverages, mining, and oil & gas.
The healthcare sector is expected to grow at the fastest CAGR during the forecast period (2023-2030)
The healthcare sector is expected to hold the largest market for the N95 mask market in the forecast due to the high demand from nurses, doctors, and other frontline warriors. According to one of the largest medical suppliers in the U.S., Premier estimated the use of N95s had increased 500 percent since July 2020 and more than 14,000 % increase in N95 and KN95 mask spending as compared to March 2019. Also, it suggested that hospitals keep 3X to 17X surge in supply-demand for personal protective equipment, with N95 masks at topmost priority.
Also, the leading companies including 3M, Prestige Ameritech, and Honeywell have doubled their N95 mask production as various governments are requesting the public not to buy the N95 masks, to fulfill the demand for healthcare professionals. The N95 mask is considered the safest type of mask with the approval of various regulative authorities including the National Institute for Occupational Safety and Health (NIOSH), which has emerged as the main factor for market growth in the healthcare field.
N95 Mask Market Competitive Landscape
The global market is highly competitive with the local player’s presence followed by the global companies, contributing to the major share in the market growth. In addition, some of the key players contributing to the growth of the market are Shawmut Corporation, 3M, Honeywell, Ambu A/S, Moldex-Metric Inc., Alpha Pro Tech, Vogmask, Teleflex, Moldex-Metric AG, Louis M. Gerson Co., Inc, and others. The major players are adopting various new strategies to dominate the market, such as launching new products, acquisitions, and collaborations, which are contributing to the growth of the N95 mask globally.
Shawmut Corporation
Overview: Shawmut Corporation is a U.S.-based company based on manufacturing advanced materials, textiles, and process innovation across the medical, automotive, protective, performance wear, filtration, and defense verticals.
Product Portfolio: The Company provides manufactures various products such as N95 particulate respirators, non-surgical isolation gowns, fire retardant fabric, chemical, and biological protection, utility workwear, and others.
Key Development: In 2021, Shawmut Corporation, together with Fallon Company launched a NIOSH-approved Protex N95 mask with the patent-pending Protex ADC comfort system for prolonged use. Moreover, the production lines are now operating with aimed production of 10 million masks per month by year-end.