Global Surgical Mask Market Report Size 2022 Growth, Share, Product Types and Application, Top Key Players with Sales, Price, Business Overview, SWOT Analysis 2030

Kenneth Research, in its repository of market research reports, have recently added a report on Global Surgical Mask Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Global Surgical Mask Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Surgical Mask Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Surgical Mask Market is valued approximately at USD 48.4 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2020-2026. Due to COVID-19 pandemic situation across the world, the need of surgical masks has been rising over the forecast period. Surgical masks protect doctors and surgeons from harmful infections as well as pathogens that may get suspended in the surgery room. Surgical masks vary by quality and levels of protection as it is available in variety including Anti-Fog Surgical Mask, Basic Surgical Mask, Fluid/Splash Resistant Surgical Mask, N95 Mask, and Others. The advent of new surgical practices in the domain of medicine, need for improved safety standards and panic around corona-virus among people are the few factors responsible for growth of the market over the forecast period. Furthermore, the introduction of products and strategic alliance by various market players will create a lucrative demand for this market. For instance, as per company’s news release on 31st March 2020, Due to COVID-19, Medline Industries agreed to reprocess around 1,00,000 N95 respirators and other face masks per day in its own facilities, will supplement the more than 38 million masks the company has distributed on average each month in 2020. However, concerns with respect to disposal of non-woven disposables along with rise in prominence of less offensive surgeries is the major factor restraining the growth of global Surgical Mask market during the forecast period.

The regional analysis of global Surgical Mask market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world due to the increasing advancements in the field of medical and surgical procedures in the US and Canada. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.
Smith & Nephew plc
Molnlycke Healthcare
Medline Industries Inc.
Ansell Healthcare Products LLC
Halyard Health
Honeywell International Inc.
Johnson & Johnson
Karl StorzSE & Co. KG

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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The detailed segments and sub-segment of the market are explained below:

By Product:
Anti-Fog Surgical Mask
Basic Surgical Mask
Fluid/Splash Resistant Surgical Mask
N95 Mask
Others

By Distribution Channel:
Drug Stores
Hospitals and Clinics
Online Stores

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

Target Audience of the Global Surgical Mask Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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