FFP2 Grade Protective Masks Market Growth 2022 | Healthy Impressive CAGR, Market Analysis After Covid-19 Pandemic 2022 to 2026
Market Overview
Market Research Future (MRFR) confirms that the FFP2 Grade Protective Masks Market will achieve a 5.4% CAGR over the assessment
period, which is from 2020 to 2027. The FFP2 grade protective masks market will
touch USD 6,812.03 Million by the end of the evaluation period, expects Market
Research Future.
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Top Drivers and Deterrents
The FFP2 grade protective masks industry size has soared rapidly
since the COVID-19 pandemic, given the higher focus on curbing the transmission
rate and surging awareness among people about personal hygiene. The pandemic
has raised the demand
for FFP2 grade protective masks among medical professionals as well as patients.
The alarming pace at which the number of patients affected by the pandemic has
shot up, bolsters the demand for these masks worldwide.
The worldwide market is further favored by the surging prominence
of hospital acquired infections and the rise in government support in terms of investments
as well as funds for medical infrastructure upgradation. The surge in the
number of healthcare projects, and initiatives to bolster the awareness level
among the mass adds to the market value too.
The booming medical tourism industry combined with the rapidly emerging
countries with improving healthcare facilities could offer excellent
opportunities to global contenders in the future. Strategic tactics including mergers
& acquisitions, collaborations, new technology launch and production expansion
are increasingly being adopted by the manufacturers to have an edge in the
market.
FFP2 Grade Protective Masks Market- Competitive
Landscapes
The most prominent key players in the global FFP2
grade protective mass markets are as follows- Honeywell (US), 3M (US),
Ansell Ltd. (Australia), Kimberly - Clark (US), CM Mask
(China), DACH Schutzbekleidung GmbH & Co. KG (Germany), Hakugen
Earth (Japan), Shanghai Dasheng Health Products Manufacturing Co., Ltd
(China), Shanghai YunQing Industrial Co., Ltd (China), The Gerson
Company (US), Winner Medical (China)
The prominent players in the global FFP2 grade
protective masks market practice various strategies to cater to the
increasing demands of masks in today's world. They use various strategies and policies
such as joint ventures, expansion as well as collaborations.
Market
Segmentation
The types of FFP2 grade protective masks are flat fold type as
well as cup style. Flat fold type of FFP2 grade protective mass remains in the
lead as these enjoy substantial demand worldwide. The high demand could be
attributed to the emergence of new varieties and mounting preference among practitioners.
Key applications of FFP2 grade protective masks are individual as
well as medical institutions. The individual segment will gain more traction
than its counterpart in the market, pushed by the spread of the COVID-19
pandemic and the world health organization mandating their use among the
citizens.
Depending on distribution channel, the major segments can be shops,
medical pharmacies, wholesalers, distributors, retail stores, and others.
Regional Insight
Recognized as the market leader, Asia Pacific will remain the top
performer throughout the period from 2020 to 2027, thanks to the surge in government
efforts in bringing down healthcare spending and encouraging independent care. Growth
in the production rate of a variety of protective masks, especially since the
COVID-19 outbreak and its rising cases will have a profound impact on the APAC
market. The rise in several respiratory disorders like COPD as well as asthma and
the rise in dental diseases further raise the demand for FFP2 grade protective
masks.
The North American market, headed by Mexico, Canada and the United
States, will continue to thrive rapidly in the following years. The key factors
bolstering market expansion in the region could be the surging burden of novel
coronavirus and the resultant rise in the need for medical supplies such as
FFP2 grade protective masks, and more. Mounting number of government initiatives
across the region along with the blossoming elderly patient base affected by
several respiratory diseases could work in favor of the North American industry.
The heightened product demand in the region is also in response to the well-established
healthcare sector along with the significant disposable income of Americans.
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