Top Key-Players To Push The Facial Mask Market Towards Remarkable Growth

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Facial Mask Market
Report Id PMRREP32028 Category Life Science
Healthcare
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Top Key-Players To Push The Facial Mask Market
Towards Remarkable Growth

• Sedentary lifestyle, rising geriatric population,
  and increasing number of people suffering from
  chronic diseases such as cancer, pulmonary
  disorders, and cardio vascular disorders have led
  to increase in number of surgeries. Use of facial
  masks during surgeries and rapid adoption of
  oxygen therapy is set to drive the growth of
  the facial mask market.
• Substantial change in the burden of respiratory
  diseases such as chronic obstructive pulmonary
  diseases (COPD) and asthma has been observed,
  which will widen opportunities for manufacturers
  in the facial mask market. Medical mask market
  growth has been massive during the COVID-19 pandem
  ic, as personal protection equipment (PPE) is the
  need of an hour. The COVID-19 pandemic has had a
  positive impact on the growth of the facial mask
  market. Demand for N95 respiratory and surgical
  masks has been surging throughout the pandemic.
• The global facial mask market is slated to expand
  at a CAGR of close to 5, and cross a valuation
  of US 7 Bn by 2030-end.

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Key Takeaways from Facial Mask Market Study
Based on product, anesthesia masks is the most
profitable segment, and holds around half the
market value share. This is due to increasing
number of surgeries that require anesthesia
administration. In terms of usage, reusable
facial masks is the leading segment, and is
expected to grow 1.6X over the forecast period.
Reusable masks are cost-effective and pose lower
environmental burden. During the COVID19 pandemic,
many manufactures from Europe realized the
potential of revenue growth and took the
opportunity to launch various medical masks and
respirators. Among the various distribution
channels, hospitals and retail pharmacies lead
the facial mask market. Hospitals are major
consumers of facial masks due to high number of
surgical procedures. Rising prevalence of
chronic diseases, especially respiratory
disorders, growing burden of surgeries, and
increasing awareness regarding personal and
patient safety are factors expected to boost the
growth of the global facial mask market. The
COVID-19 pandemic has boosted market growth due
to the unstoppable demand for facial masks. Due
to this impact, year-on-year growth has increased
to 3.9 in 2020 from 3.7 in 2019, says a PMR
analyst.
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