Global sales of surgical masks and respirators are projected to reach over $10 billion in 2020. This number represents a massive increase over historical data LSI has been reporting for the last decade.
HUNTINGTON BEACH, Calif.–(BUSINESS WIRE)–#lsintelligence—Life Science Intelligence (LSI) has been tracking and publishing market data on the global surgical apparel market and protective personal equipment (PPE) market for the last decade. LSI’s new market report, Global Opportunities in Surgical Masks and Respirators Market – Impact Analysis of Coronavirus Outbreak provides a reliable and independent forecast of the COVID-19 impact to these markets.
According to the new report, global sales of surgical masks and respirators will exceed pre-pandemic estimates for these products by 211% and 305%, respectively. In 2020, global sales of surgical masks and respirators are projected to reach between $8.0 and $10.7 billion, depending on how the virus spreads. A massive increase in demand for these products, coupled with unit shortages, have caused average sale prices to increase by as much as 4X.
The report features three projected forecasts that take into consideration different scenarios of transmission and containment. These forecasts project revenue and units distributed assuming contained, sustained, and widespread transmission of the virus.
Companies covered in this analysis include: 3M (MMM), Cardinal Health (CAH), Honeywell International (HON), Premier, Prestige Ameritech, Alpha Pro Tech (APT), Makrite Industries, Moldex Metric, Aero Pro, Louis M. Gerson Company, Shanghai Dasheng Health Products, Foss Performance Materials, Hakugen Earth, and Shanghai Gangkai Purifying Products Company, among others.
More about this report and other medical device & diagnostic markets impacted by COVID-19 and the corresponding financial crisis can be found here: https://www.lifesciencemarketresearch.com/market-reports
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