The Asia Pacific anesthesia face masks market is estimated to witness a strong CAGR of 5.0% during the forecast period (2021-2027). The healthcare system in the region is undergoing a rapid transformation with favorable support from various government organizations. Countries such as China, Japan, Australia, South Korea, and India are the major revenue contributors in the region for the anesthesia face masks market. Moreover, countries such as Thailand, Vietnam, Malaysia, and Indonesia are also expected to witness an increased demand during the forecast period, owing to the improving quality of life and growing healthcare expenditure.
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Public and private initiatives, especially in emerging Asia Pacific countries, have resulted in increased investment in R&D in the healthcare sector, which have triggered better availability and access to pharmaceutical and medical device products, including anesthesia face masks. This made the Asia Pacific an attractive market for global players, expansionary private investments, which can effectively support innovation while driving consumption and capitalizing upon demographical and emerging consumer trends. Overall, the rapidly growing life expectancy, improving economic growth and more effective treatment procedures are offering long term growth prospect for the anesthesia face masks market in the Asia Pacific region. Correspondingly, in 2015, life expectancy at birth was 73.7 years on average; this is approximately more than 4.6 years since 2000.
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Although, the penetration of anesthesia face masks in the region is much lower compared to other developed economies, the region is expected to pose an immense growth potential for the adoption and usage of these products during the forecast period. Emerging countries such as China and India are witnessing phenomenal growth in their GDPs. Thus, with an increase in GDP, there is a growth in the per capita disposable income of the population in these countries.
Market Coverage
- Market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segments Covered- by Material, Usability, and Age Group
- Countries Covered- China, India, Japan, South Korea and Rest of Asia Pacific
- Competitive Landscape- Ambu A/S, ARMSTRONG MEDICAL, Cardinal Health, GE Healthcare, and Medline Industries, Inc.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from pre-COVID forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia Pacific Anesthesia Face Masks Market Report Segment
By Material
- PVC
- Silicone
- Others
By Usability
- Disposable
- Reusable
By Age Group
- Adult
- Pediatric
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