Protective Face Masks Market size to exceed $11.2bn by 2030

Protective Face Masks Market size is set to surpass USD 11.2 billion by 2030, according to a new research report by Global Market Insights Inc.
 

With increasing number of infectious diseases including COVID-19, the demand for face masks has increased exponentially. Moreover, to meet the growing demand of protective face masks, numerous market players have doubled their production. For instance, 3M, one of the major market players involved in manufacturing of face masks, has double the manufacturing of N95 protective face masks to meet the need of facial masks during the COVID-19 outbreak.
 

Growing number of surgeries coupled with increasing awareness regarding protective benefits of masks will boost the adoption rate

The protective face masks are intended to be worn by healthcare professionals during surgeries and examination to minimize the risk of cross infection or contamination. The masks are made of non-woven material that acts as a barrier to fluid and aerosols released during coughing or sneezing. Such advantages associated with masks will increase the product demand. Furthermore, rising importance of personal safety at healthcare facilities including hospitals, clinics and ASCs among others will drive the protective face masks market expansion.
 

Low profit margins may act as a barrier in the protective face masks business growth

As per the article published at MENAFN, the maximum profit margins of disposable face masks in retail shops were previously capped at 23%, but since it has become mandatory use for individual, the profit margin capped at 15%. Furthermore, presence of local manufacturers in countries such as India and China will offer products at low cost, which in turn will add. pricing pressure for global players. However, the pandemic has encouraged individuals to opt face masks, as it can combat the spread of virus. This could relatively drive the industry landscape.
 

Browse key industry insights spread across 200 pages with 333 market data tables & 12 figures & charts from the report, Protective face masks Market Size By Procedure Masks, Surgical Masks {ASTM Level 1, ASTM Level 2, ASTM Level 3}, N95 Respirators {With Valve, Without Valve}, Face Shields {Disposable, Reusable}), End-use (Hospital & Clinics, Ambulatory Surgical Centers, Long Term Care Centers, Research Institutes, Individuals), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/protective-face-masks-market
 

Increasing utilization of surgical masks across the globe will spur the market statistics

Protective face masks market from surgical masks segment exceeded 3.2 billion in 2021. Surgical masks are widely used during the surgeries and are made of varying thickness (ASTM Level 1,2 &3) with ability to protect against various potential contaminations. Moreover, increasing number of surgical procedures will fuel the demand for surgical masks.
 

Availability of advanced facilities in ambulatory surgical centers will spur the business potential

The ambulatory surgical centers segment is poised to cross USD 2.9 billion by 2030 owing to the growing number of patients visiting ambulatory surgical centers for surgeries. In addition, increasing number of ambulatory surgical centers across the globe is expected to foster the segment demand. Moreover, availability of advanced facilities in ambulatory surgical centers will increase the patient preference, thus supporting the market expansion.
 

High incidence of HAIs and growing number of elderly populations in Europe will drive the industry demand

Europe protective face masks market is anticipated to surpass USD 1,025.3 million by 2030. This is due to rising cases of Hospital Acquired Infections (HAIs) along with elderly population. For instance, according to the European Centre for Disease Prevention and Control (ECDC), approximately 4.1 million patients are estimated to acquire a healthcare-associated infection in the EU each year. Furthermore, rise in the number of surgeries or procedures in hospital settings is further propel the regional market forecasts.
 

Market players are focusing on various expansion strategies to boost the production

Prominent market leaders in the protective face masks industry are 3M, Honeywell, Cardinal Health, and Dentsply Sirona. The market players are focused on expanding the production capability to cater to the growing needs and demand for protective face masks.
 

For instance, in April 2020, Ahlstrom-Munksjo expanded the production of face mask materials to its Turin plant in Italy and Tampere plant in Finland. This strategy enabled the company to cater to the increasing demand of face masks during pand