The APAC Meditech market is expected to account for 24.2% share of the overall market by the end of 2015, expanding at a CAGR of 6.6% between 2015 and 2021.
New York, NY, August 15, 2015 –(PR.com)– 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$167.7 Mn by 2021.
Surgical and respiratory masks can be defined as medical devices that are used to cover mouth, nose and chin, in order to protect the healthcare professionals and patients against droplets, including large respiratory particles. Surgical and respiratory masks are mainly used in hospitals and day surgery centres by physicians, independent dental surgeons, veterinary surgeons and life science professionals.
Presently, the surgical and respiratory mask market in Australia and New Zealand is mainly driven by factors such as the increasing number of surgical procedures, rising health and hygiene concerns, and product innovation. However, factors such as logistics and distribution channel formulation saturated the market with unmet consumer needs, limited product availability, and competition between large multinational and local players are expected to restrain the growth of the market. The surgical and respiratory mask market in Australia and New Zealand is anticipated to expand at a CAGR of 3.3 % from 2015 to 2021, to reach US$ 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.
Browse the full Surgical and Respirator Masks Market report at http://www.persistencemarketresearch.com/market-research/australia-new-zealand-surgical-respirator-masks-market.asp
Key players in the surgical and respiratory mask market in Australia and New Zealand include 3M Company, Smith & Nephew Plc., MölnlyckeHealthcare Inc., Medline Industries, Halyard Healthcare Inc. and Ansell Healthcare LLC.
Persistence Market Research (PMR) is an innovative provider of market research reports and consulting services. The three PMR pillars of strength that have helped us win clients for years are Quality Research, Quick Research, and In-depth Research.
PMR’s team of seasoned analysts and consultants are experts in their domain. At PMR, we process complex, exhaustive primary and secondary research data into valuable insight. We understand that each client has a unique problem statement and address it with our strengths.
Persistence Market Research
305 Broadway, 7th Floor
New York, NY 10007