Persistence Market Research

Australia and New Zealand Surgical and Respirator Masks Market to Have CAGR of 3.30% by 2021, Fueled by Increase in Surgical Procedures

Surgical and respirator masks can be defined as medical devices that are used to cover mouth, nose and chin, in order to protect the health care professionals and patients against droplets, including large respirator particles.

 

New York, NY -- (SBWIRE) -- 01/19/2016 -- Persistence Market Research announces the release of a new research report titled "Australia and New Zealand Market Study on Surgical and Respirator Masks: Australia to Witness Highest Growth by 2021". According to the report, the Australia and New Zealand surgical and respiratory masks market is anticipated to rise at a 3.30% CAGR from 2015 to 2021, growing from an expected value of US$137.8 mn in 2015 to US$167.7 mn in 2021.

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Product innovation, growing health and hygiene concerns, and rise in surgical procedures are the main factors driving the Australia and New Zealand surgical and respiratory masks market. However, unmet consumer needs, competition among local and multinational players, market saturation, and limited product availability are the key challenges that threaten to hamper the growth of the market.

The Australia and New Zealand surgical and respiratory masks market is segmented on the basis of product type, nature, end use, distribution, and region.

By nature, the surgical and respiratory masks market is bifurcated into reusable masks and disposable masks. By product, the market is composed of surgical masks and respiratory masks. Surgical masks include anti-fog foam surgical masks, basic surgical masks, and splash/fluid resistant masks. Of these, splash/fluid resistant surgical masks dominate the overall market, accounting for 42.20% in 2014. Respiratory masks include particulate masks and standard masks.

By end use, the Australia and New Zealand surgical and respiratory masks market is categorized into day surgery centers, independent dental surgeons, life science professionals, acute hospitals, general physicians, and veterinary surgeons. Accounting for a share of 45.0% in 2014, hospitals form the largest end-use segment of the surgical and respiratory masks market in Australia and New Zealand. Retaining its lead throughout the forecast period, this segment is projected to develop at a 3.20% CAGR by 2021.

On the basis of distribution channel, the Australia and New Zealand surgical and respiratory masks market is segmented into acute care centers, drug stores, hospitals, clinics, and online sales. Accounting for a share of 43.30% in 2014, hospitals dominated the surgical and respiratory masks market in terms of revenue generation. Online sales, however, are anticipated to form the fastest growing distribution channel, registering a 5.80% CAGR during the forecast period.

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By region, the overall market is divided into Australia and New Zealand, with the former holding the majority of the market. In 2014, the New Zealand surgical and respiratory masks market was valued at US$30.9 mn. The market in Australia, on the other hand, was valued at US$103.9 mn in 2014.

The prominent players competing in the Australia and New Zealand surgical and respiratory masks market include Smith & Nephew Plc., Medline Industries, Inc., Ansell Healthcare LLC, MölnlyckeHealthcare Inc., 3M Company, and Halyard Healthcare Inc. These players are profiled in the research report based on aspects such as business overview, product specification, key strategies, recent developments, and financial overview.

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