Medical Mask Market Pegged for Robust Expansion During 2020-2030
Verfasser: ashwani_kailiya on Friday, 4 September 2020Healthcare facilities around the world are preparing to keep up with the surge in coronavirus patients. Governments are highly concerned about the capabilities of existing healthcare infrastructure. Shortages of medical supplies are putting patients, doctors, and nurses at risk. The shortages of N-95 masks in particular is gaining attention owing to its importance in healthcare settings.
The global medical mask market is expected to expand at an impressive 9.6% CAGR throughout the period of forecast between 2020 and 2030. As per the Fact.MR study, the unprecedented number of coronavirus cases, coupled with stockpiling behavior by non-healthcare consumers will continue to widen the supply-demand gap in the medical masks market. Bolstering production capacities will be critical to the sustained growth of the industry, during and post the outbreak.
"The rising incidences of contagious respiratory diseases has become the key factor supporting the sales and adoption of medical masks. Rising awareness among the public associated with the efficacy of masks will also help in boosting sales. Growing number of surgeries and need for hospitalization during the crisis period will also help market growth till the end of the pandemic," says the FACT.MR study.
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