Decrease in Demand of Australia New Zealand Surgical Respirator Masks Market to Restrict Revenue Growth During the Forecast Period

According to a new market report published by Persistence Market Research, titled “Australia and New Zealand Market Study on Surgical and Respirator Masks: Australia to Witness Highest Growth by 2021”, the surgical and respiratory mask market in Australia and New Zealand is expected to reach US$137.8 Mn by the end of 2015 and is anticipated to expand at a CAGR of 3.3% from 2015 to 2021, to reach US$167.7 Mn by 2021.

FACTS AT A GLANCE

Companies: 3M Company, Smith & Nephew Plc., MölnlyckeHealthcare Inc., Medline Industries, Halyard Healthcare Inc. and Ansell Healthcare LLC.

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Coverage: All major geographies and key segments

Segments: By Type (Surgical masks, Respiratory masks); By Nature: (Surgical masks, Respiratory masks); By End Use: (Hospitals (acute),Day surgery centers,General physicians,Independent dental surgeons,Veterinary surgeons,Life science professionals); By Distribution Channel: (Hospitals,Acute care centers,Clinics,Drug stores,Online sales)

Geographies: North America; Europe; Asia; Rest of the World.

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ABSTRACT-

Surgical and respiratory masks can be defined as medical devices that are used to cover mouth, nose and chin, in order to protect the healthcare professionals and patients against droplets, including large respiratory particles. Surgical and respiratory masks are mainly used in hospitals and day surgery centres by physicians, independent dental surgeons, veterinary surgeons and life science professionals.

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Presently, the surgical and respiratory mask market in Australia and New Zealand is mainly driven by factors such as the increasing number of surgical procedures, rising health and hygiene concerns, and product innovation. However, factors such as logistics and distribution channel formulation saturated the market with unmet consumer needs, limited product availability, and competition between large multinational and local players are expected to restrain the growth of the market. The surgical and respiratory mask market in Australia and New Zealand is anticipated to expand at a CAGR of 3.3 % from 2015 to 2021, to reach US$ 167.7 Mn by 2021.

The Australia surgical and respirator mask market is expected to dominate the entire market in Australia and New Zealand by the end of 2015. The market is expected to be valued atUS$ 106.2 Mn by the end of 2015. The surgical and respirator mask market in New Zealand is expected to be valued at US$ 31.6 Man by the end of 2015 and is expected to expand at a CAGR of 3.2% during the forecast period.

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