According to the Graphical Research new growth forecast report titled Asia Pacific Protective Face Masks Market size is set to exceed USD 2.0 billion by 2026. Rising number of COVID-19 cases will drive the market expansion over the forecast period. The COVID-19 pandemic had its epicenter in China, and China registered more than 84,000 cases of COVID as of April 30, 2020. Furthermore, India has nearly 30,000 cases and rising. Given the high population density in the South Asian region and the subcontinent, there has been stringent social distancing, along with government mandating the use of protective masks. This is expected to drive the product demand and spur the regional market expansion. Furthermore, significantly increased production of protective masks from low-cost manufacturers in South-East Asian nations is expected to propel the market growth.
Growing awareness regarding the benefits of protective masks is also expected to drive the market growth. Due to campaigns by governments and media, there has been increasing awareness about protective benefits offered by masks during the COVID-19 crisis. Furthermore, Asian countries such as China and India have high levels of air pollution. Protective face masks are beneficial in preventing respiratory illnesses due to pollution. The increased awareness regarding these benefits will drive product demand, boosting the regional industry.
Low profit margins on protective face masks could discourage new entrants and impede the market expansion. Furthermore, stringent government regulations regarding N95 respirators could limit the market growth.
N95 respirators segment will exhibit more than 400% growth between 2019 and 2020. Increased demand for N95 respirators due to their greater efficacy have made them the product of choice. Furthermore, production of N95 masks has increased in the APAC region due to higher demand from Western European and North American Region. For instance. Taiwan has donated more than 12 million face masks to countries that are badly hit by the COVID-19 pandemic. This is expected to propel segment growth during the analysis timeframe.
E-commerce segment accounted for revenue share of more than 24% in 2019. Strict social distancing measures and contact-less deliveries provided by e-commerce companies will drive the segment demand. Furthermore, increasing internet penetration in the region, coupled with attractive discounts offered by e-commerce websites will boost the segment expansion.
The end-use segment includes hospitals and clinics, ambulatory surgical centers, long term care centers, research institutes, and individuals. Hospitals and clinics segment is expected to dominate the market with revenue of more than 240 million in 2019. Growing number of COVID-19 cases in hospitals have spurred the demand for protective face masks in hospitals. Furthermore, growing number of surgeries in the region will boost segment growth.
The India protective face masks industry is expected to grow by more than 405% between 2019 and 2020. High population density coupled with rising number of COVID-19 cases in the country are expected to boost the local industry growth. Furthermore, mandatory usage of protective face masks by the government is expected to propel the demand from the general public.
Major market players in market are 3M, BSN Medical, Cardinal Health, Dentsply Sirona, and Henry Schein. The industry players are focusing on increasing production of protective face masks, mainly the N95 type which offer increased protection against the spread of the virus. For instance, in March 2020, BYD announced that they have added mask production capabilities and are producing up to 5 million products per day. This will help the company cater to the growing demand in the region, boosting the regional industry expansion.
Asia Pacific protective face masks market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2026, for the following segments:
Market Share, By Product, 2015-2026 (USD Million)
- Procedure masks
- Surgical masks
- ASTM Level 1
- ASTM Level 2
- ASTM Level 3
- N95 respirators
- Face shields
Market Size, By Distribution Channel, 2015-2026 (USD Million)
Market Value, By End-use, 2015-2026 (USD Million)
- Hospitals & clinics
- Ambulatory surgical centers
- Long term care centers
- Research institutes
The above information is provided for the following region and countries:
- Asia Pacific
- South Korea