The global N95 grade medical protective masks market is projected to reach around US$ 1,495.4 million by the end of 2027, in terms of revenue, exhibiting a CAGR of 7.3% during the forecast period (2020-2027).
Market Trends
The World Health Organization reported a total of 413,467 cases across the globe as on March 25, 2020. Among this, the major affected countries include China (81,848 cases), Italy (69,176 cases), USA (68334 cases), Iran (24,811 cases), Republic of Korea (9,137 cases), Spain (39,673 cases), Germany (31,554 cases), and France (22,025 cases). There is a drastic increase in the number of cases in several economies across the globe. This increasing pandemic has led to rising demand for personal protective equipment. Furthermore, the World Health Organization projected that the frontline health responders across the globe would require 89 million masks every month to protect themselves from the virus. This is projected to accelerate the market growth of N95 grade medical protective masks over the forecast period.
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