Australia & New Zealand Surgical & Respiratory Mask Market Analysis-2027


Posted December 8, 2020 by SANJAYCMI

“Coherent Market Insights “AUSTRALIA & NEW ZEALAND SURGICAL & RESPIRATORY MASK MARKET – GLOBAL TRENDS, ESTIMATES AND FORECASTS, 2020-2027″
 
Standard respirator masks are used by surgeons as well as other individuals. These masks simply provide physical barrier for visitations, exams, and during short or dry procedures. Respirator masks provide protection from airborne particles during ecloctrocautery and laser procedures. These masks offer high fluid resistance. Particulate respirator masks are used to provide efficient respirator protection from airborne pathogens.

Australia & New Zealand Surgical and Respirator Masks Market is estimated to account for US$ 160.7 Mn in terms of value in 2020 and is expected to reach US$ 203.8 Mn by the end of 2027.

Australia & New Zealand Surgical and Respirator Masks Market: Drivers

Increasing public hospital expenditure is expected to propel growth of Australia & New Zealand surgical and respirator masks market over the forecast period. For instance, according to Australian Institute of Health and Welfare’s Hospitals at a glance 2017–18 report updated in August 2019, public hospital expenditure increased by 3.3% between 2016-2017 and 2017-2018.

Australia & New Zealand Surgical and Respirator Masks Market: Opportunities

Supply chain management is becoming a priority as compared to product launches, proper management, and programs in Australia and New Zealand. Thus, the need for proper logistics and distribution leading to availability of products in sufficient numbers is expected to create opportunities for players in the market.

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Australia & New Zealand Surgical and Respirator Masks Market: Restraints

Concentration of small domestic players is high in the market. Since these domestic players are competing with multinational players, the availability of value-added products is limited. Also, online sales has witnessed a surge in Australia and New Zealand and product availability is a major concern for companies operating in this market. This is due to limited stock availability of products through online retailers. Such scenario is expected to restraint the market growth.

Key Takeaways:

Surgical mask held dominant position in Australia & New Zealand surgical and respirator masks market in 2019, accounting for 85.8% share in terms of value, followed by respiratory mask. Increasing number of surgeries in Australia is expected to support growth of the segment over the forecast period. For instance, according to Australian Institute of Health and Welfare, there were around 2.7 million surgeries performed in Australia in 2017.

Hospitals segment held dominant position in Australia & New Zealand surgical and respirator masks market in 2019, accounting for 44.1% share in terms of value, followed by general physicians, and independent dental surgeons, respectively. According to Australian Institute of Health and Welfare, there were around 352,000 hospital admissions involving emergency surgery in Australia in 2017-2018.

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Market Trends

Funding for hospitals in Australia increased in the recent past. For instance, according to Australian Institute of Health and Welfare’s Hospitals at a glance 2017–18 report updated in August 2019, funding for hospital services increased between 2016-2017 and 2017-2018 by 1.8% per year on average in public hospitals and by 2.9% per year on average in private hospitals in Australia.

Institutes and universities are focused on R&D to recycle surgical and respirator masks. For instance, in March 2020, researchers from Yele University reported that hydrogen peroxide vapor sterilization can be used for N95 respirators reuse.

Australia & New Zealand Surgical and Respirator Masks Market: Competitive Landscape

Major players operating in Australia & New Zealand surgical and respirator masks market include, 3M Company, WPT Nonwovens, Smith & Nephew Plc., Halyard Healthcare Inc., Molnlycke Health Care AB, Medline Industries, and Ansell Healthcare LLC.

Australia & New Zealand Surgical and Respirator Masks Market: Key Developments

Major players in the market are focused on accelerating their production lines. For instance, in March 2020, WPT Nonwovens announced to its plans to increase production of surgical masks and N-95 respirator masks for managing the COVID 19 crisis.

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Tags australia new zealand surgical respiratory mask market , australia new zealand surgical respiratory mask market outlook , australia new zealand surgical respiratory mask market share
Last Updated December 8, 2020