According to the report, the global respiratory mask market generated $527.10 million in 2021, and is estimated to reach $2.4 billion by 2031, growing at a CAGR of 16.4% from 2022 to 2031.
Increase in prevalence of respiratory disorders, rise in usage of N95 mask industry, and surge in number of product launches and approvals drive the growth of the global respiratory masks market. However, fluctuations in prices of protective face masks and the production of non-biodegradable masks restrain the market growth. On the other hand, increase in adoption of major strategies such as collaboration, partnership, acquisition, and business expansion create new opportunities in the coming years.
The disposable segment to maintain its lead position during the forecast period
Based on type, the disposable segment accounted for the highest market share in 2021, contributing to more than three-fifths of the global respiratory masks market, and is projected to maintain its lead position during the forecast period. This is due to increase in awareness among people regarding the effectiveness of single-use respiratory masks and increase in number of product launches. However, the reusable segment is projected to manifest the largest CAGR of 16.8% from 2022 to 2031, owing to rise in usage and increase in the awareness among people regarding usage of this type of mask.
The geriatric segment to continue its dominant share throughout the forecast period
Based on age group, the geriatric segment contributed to the highest market share in 2021, accounting for nearly three-fifths of the global respiratory masks market, and is projected to continue its dominant share throughout the forecast period. This is attributed to surged susceptibility to respiratory diseases. However, the adult segment is estimated to manifest the highest CAGR of 16.8% from 2022 to 2031, owing to rise in the prevalence of respiratory disorders among adult population. The report also analyzes the neonatal and pediatric segment.
The hospitals, nursing homes, and clinics segment to continue its highest contribution throughout the forecast period
Based on end user, the hospitals, nursing homes, and clinics segment accounted for the largest market share in 2021, holding nearly two-thirds of the global respiratory masks market, and is estimated to continue its highest contribution throughout the forecast period. In addition, this segment is projected to register the fastest CAGR of 16.5% from 2022 to 2031. This is due to rise in the number of hospitals, nursing homes, and clinics globally and rise in expenditure by governments to develop the healthcare infrastructure. The report also analyzes the segments including trauma centers and homecare.
North America to maintain its leadership status throughout the forecast period
Based on region, North America held the largest market share in 2021, accounting for more than two-fifths of the global respiratory masks market, and will maintain its leadership status throughout the forecast period. This is attributed to rise in prevalence of respiratory diseases, surge in number of key players, and developed healthcare infrastructure. However, Asia-Pacific is expected to grow at the largest CAGR of 17.6% from 2022 to 2031, owing to rise in expenditure by government organizations to develop the healthcare sector and increase in awareness among people regarding respiratory disorders. The research also analyzes regions including Europe and LAMEA.
Leading Market Players