Drastic Change in Disposable Respirators Market to Reach USD 6.31 Billion by year 2026
The global disposable respirators market size is estimated to be worth USD 6.85 billion by 2028, registering a CAGR of -2.8% over the forecast period. The market valuation amounted to USD 6.31 billion in 2020 and grew to USD 8.38 billion in 2021 at a staggering 223.9%. The growth of this market is largely influenced by the prevailing and highly uncertain nature of the worldwide COVID-19 pandemic, which has led to heightened consumer focus on personal health, hygiene, and safety. Fortune Business Insights™ provides this information in an upcoming report titled, “Disposable Respirators Market, 2021-2028.”
List of Key Players Profiled in the Disposable Respirators Market:
3M (Minnesota, U.S.)
Honeywell International, Inc. (North Carolina, U.S.)
COFRA S.r.l. (Barletta Andria Trani, Italy)
Uvex Group (Fürth, Germany)
MSA (Pennsylvania, U.S.)
Moldex-Metric (California, U.S)
Protective Industrial Products, Inc. (New York, U.S.)
RZ Mask (Minnesota, U.S.)
Makrite (Taipei, Taiwan)
SHIGEMATSU WORKS CO., LTD. (Tokyo, Japan)
Drägerwerk AG & Co. KGaA (Lübeck, Germany)
Mallcom (India) Limited (Kolkata, India)
Delta Plus Group (Apt, France)
COVID-19 Impact:
Supply Chain Disruptions amid COVID-19 to Create New Challenges for Manufacturers
Due to the sudden outbreak of COVID-19 in 2020, a dramatic rise in the demand for face masks and respirators was observed globally. Since no country had anticipated such a hike in demand, these products witnessed tremendous shortages in many parts of the world. Since China was the epicenter of the COVID-19 outbreak and one of the first countries to be impacted by the pandemic, various industrial facilities were forced to shut down or operate at a reduced capacity. Consequently, decreased industrial production in the country had a detrimental effect on all major economies across the globe. Besides these factors, the shortage of availability and high raw materials prices have slowed down market growth.
Report Coverage-
The research report provides in-depth coverage of granular and actionable data. It focuses on major aspects such as key industry players, products, demanding technologies, and applications. The report offers comprehensive insights into the notable recent developments in the disposable respirators space. Additionally, it covers several direct and indirect factors that have contributed to the market growth in the past few years.
Drivers & Restraints-
Increasing Demand for N95 Respirators in Healthcare Settings
Due to the ongoing COVID-19 situation, the healthcare sector is experiencing rapid change. The pandemic has led to an increased focus on personnel safety in healthcare environments, augmenting the demand and adoption of PPE. These trends will be further amplified by the rising geriatric population base and the rising number of COVID-19 cases worldwide. The growing need for respiratory protection in the healthcare industry to ensure the safety of the staff and patients during and after the pandemic will offer lucrative growth opportunities to the disposable respirators market in the future.
However, the potential environmental impact caused due to the discarding of disposable PPE could slightly hamper product adoption.
Regional Insights-
North America to Lead Market Share Backed by Strict Workplace Safety Standards
North America generated nearly USD 2.10 billion in annual revenue during 2020 and will continue to dominate the disposable respirators market share through 2028. The regional growth will be influenced by the strict workplace safety standards that require companies to provide suitable respiratory protection equipment to their employees.
Meanwhile, in Europe, the demand will be driven due to stringent norms that require the public to wear medical-grade respirators and masks. For instance, in Germany, the federal and state governments have introduced measures making it mandatory for people to wear surgical masks or FFP2 (European equivalent of N95) on public transportation and in stores regardless of vaccination status.
Asia Pacific will record notable growth during the forecast period led by the rapidly expanding manufacturing sector in the region. The market in Latin America and the Middle East & Africa will expand on ongoing construction and infrastructure development activities.
Information Source:
https://www.fortunebusinessinsights.com/disposable-respirators-market-102037
- Industry
- Art
- Causes
- Crafts
- Dance
- Drinks
- Film
- Fitness
- Food
- Games
- Gardening
- Health
- Home
- Literature
- Music
- Networking
- Other
- Party
- Religion
- Shopping
- Sports
- Theater
- Wellness
- News