Protective Face Masks Market will Generate Revenue of $2.8 Bn by 2026

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Protective Face Masks Market will Generate Revenue of $2.8 Bn by 2026

The protective face masks market is poised to grow at a CAGR of -10.1 per cent through 2026, due to the rapidly rising number of COVID-19 cases across the globe. Ever since first reports of the disease came out, several international organizations like CDC (Centre for Disease Control) and WHO (World Health Organization) have suggested the general public to start using face masks to avoid spreading the virus. Protective masks effectively trap the aerosol that contain the virus in its filters, which significantly helps in decreasing the spread of the disease. With the number of COVID-19 cases rising at an unprecedented rate, there has been an exponential rise in demand for the masks over the recent months. Additionally, as people become more aware about the potential benefits of these masks in preventing infections and allergies, the demand is further expected to increase tremendously. The increasing load of chronic diseases has also led to a rise in number of surgeries across the world. As per WHO, over 60% of 56.1 million deaths that occurred in 2001 were because of chronic disease. It is further projected that this number is likely to rise up 57% by the end of 2020 as there is slated to be a rise in the total number of surgeries across the world, which will fuel the demand for masks used by surgeons while conducting surgical procedures. Moreover, a rise in chronic illnesses like metabolic and heart disease, because of unhealthy lifestyles, is further projected to impel the demand for face masks over the projected timeframe. Access sample copy of the “Protective Face Masks Market” report in detail along with the table of contents @ https://www.gminsights.com/request-sample/detail/4639 The CDC (Centers for Disease Control and Protection) has advised the general public to wear a cloth face covering or a cloth mask in public areas, where the social distancing measures cannot be easily maintained, especially in places of important community-based transmission. Furthermore, given the current situation, places like retail stores as well as public transport, where the rules of social distancing cannot be easily followed, are mandating the use of mask for people entering the premises, which is likely to create a trend where using protective masks in such places becomes a commonplace practice. Notable protective face masks market players operating in face masks market include Moldex, Cardinal Health, 3M, CrossTex, Henry Schein, Dentsply Sirona, Honeywell, and Coltene among others. Below is a brief overview of key trends that are stimulating the protective face masks market growth: Growing demand for face shields The face shields product segment represented a valuation of over $94 million in 2019 and is projected to witness substantial growth through the forecast timeframe. Face shields are generally used as a second layer of protection worn over the face masks. Face shields effectively further extends the overall lifecycle of a protective face mask and also lessens the chances of getting infected by a considerable margin. Over the coming years, the cost-effective nature of face shields is likely to boost the segment expansion. Rising product demand in hospitals & clinics The hospitals and clinics segment is forecast to dominated the overall protective face masks market share over the projected time span. The industry was already valued at over $336 million in 2019 and, given the critical demand for PPEs at the front lines, will continue to show exponential growth. In fact, the presence of a large number of doctors across hospitals treating COVID-19 cases is ensuring that the supply chain of protective masks in the industry remains strong for the foreseeable timeframe. Moreover, increasing patient preference to opt for hospitals, for their treatment, because of the high availability of professionals as well as better care quality will fuel the growth of the segment further. Growing product traction in Asia-Pacific The protective face masks market of APAC dominated the industry share, holding a valuation of over $637 million in 2019. This region is projected to register tremendous growth owing to the ongoing mass manufacturing operations across South-East Asian countries, China, and India. Additionally, the already high adoption of face masks in China and Japan to decrease allergies caused by air pollution will further drive the industry share. In fact, China dominated the APAC market landscape with over 41% market share in 2019 and is likely to exhibit robust growth. Furthermore, the high number of COVID-19 cases in the region and strict government mandates on the use of masks will also boost the industry expansion further. Overall, apart from practicing social and physical distancing, wearing face masks and properly washing hands in order to prevent the spread of COVID-19 infection, there are other recommendations as well. As per the WHO, it is also advised that people replace the mask they are using with a new mask once the mask being used gets damp. Moreover, it is also advised to not reuse the masks that are meant for single use. Considering all the precautionary measures and the growing importance of masks amidst the pandemic, the demand for face masks is expected to increase over the coming years.

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Jignesh Thakkar