The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Introduction:

• The masks market has experienced significant growth in recent years.
• Projections indicate continued expansion in the coming years.

Market Overview:

• Size grew from $14.49 billion in 2023 to $15.6 billion in 2024.
• Compound Annual Growth Rate (CAGR) of 7.6%.
• Factors driving growth:
  • Impact of COVID-19 pandemic.
  • Rising air pollution levels.
  • Escalating number of smokers.
  • Increased surgical procedures.
  • Rise in healthcare expenditure.
  • Increased geriatric population.

Future Growth Projections:

• Expected to reach $21.22 billion by 2028.
• CAGR of 8.0%.
• Factors contributing to growth:
  • New COVID-19 strains.
  • Rise in airborne diseases.
  • Government initiatives.
  • Increase in online pharmacies.
• Major trends in forecast period:
  • Integration of new technologies.
  • Mergers and acquisitions.
  • Investment in biodegradable materials.
  • Nanotechnology.
  • Customized mask manufacturing.
  • Development of reusable silicon masks.

View More On The Masks (N95 Respirators And Other Surgical Masks) Market Report 2024 – https://www.thebusinessresearchcompany.com/report/masks-n95-respirators-and-other-surgical-masks-global-market-report

Surge In Construction Activities Boosts Growth Of Masks Market:

• Construction sector driving growth.
• N95 masks used to protect workers.
• Global construction output expected to increase by 42% by 2030.
• Construction activities fueling demand for masks.

Key Players in the Market:

• Major companies include:
  • Honeywell International Inc.
  • 3M Company.
  • Kimberly-Clark Corporation.
  • DuPont.
  • Johnson & Johnson.
• Diverse range of companies operating in the market.

Shift Towards Disposable Devices In Developed Countries:

• Disposable devices gaining traction.
• Advantages include:
  • Elimination of sterilization need.
  • Reduced cross-contamination.
  • Cost-effectiveness.
• Disposable masks preferred over reusable ones.
• Disposable surgical masks seen as more protective.

Market Segmentation:

• Segmented by:
  1. Type: N95 Respirator, Surgical Masks, Others.
  2. End User: Hospitals, Individuals, Others.
  3. Nature: Reusable, Disposable.
• North America leading region in 2023.

Conclusion:

• The masks market is witnessing robust growth.
• Factors such as the COVID-19 pandemic, rising pollution levels, and healthcare expenditure contribute to its expansion.
• Future projections indicate continued growth, driven by technological advancements and market trends.
• The surge in construction activities and the shift towards disposable devices further fuel market growth.
• With key players and diverse market segmentation, the masks market presents ample opportunities for investors and stakeholders alike.

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