Laryngeal Mask Global Market 2024 - Driving Factors, Industry Challenges, Business segmentation, Leading countries And Forecast To 2033

 

The Laryngeal Mask Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

 

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According to The Business Research Company’s Laryngeal Mask Global Market Report 2024, The laryngeal mask market size has grown rapidly in recent years. It will grow from $2.08 billion in 2023 to $2.33 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The  growth in the historic period can be attributed to increasing surgical procedures, rise in respiratory disorders, improvements in material science, global aging population, focus on patient safety.

 

The laryngeal mask market size is expected to see rapid growth in the next few years. It will grow to $3.64 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to integration of artificial intelligence, rapid growth in ambulatory surgical centers, increased awareness and training programs, expanding applications in emergency medicine, focus on sustainable and eco-friendly materials. Major trends in the forecast period include implementation of 3d printing technology, enhanced seal and ventilation features, adoption of eco-friendly and sustainable materials, expansion of telemedicine-compatible laryngeal masks..

 

The increasing number of surgical procedures is expected to propel the growth of the laryngeal mask market going forward. A surgical procedure refers to a medical operation where incisions are made using instruments to treat disease or repair damage in a living body. Laryngeal masks are used as a temporary tool to keep the airway unobstructed during surgeries that involve general anesthesia and are utilized either to administer anesthesia or as an urgent solution for patients experiencing airway complications. For instance, in 2021, according to The Aesthetic Society, a US-based group of board-certified aesthetic plastic surgeons, in the USA, there was a 54% increase in the number of aesthetic surgical procedures in 2021 compared to 2020. Moreover, liposuction procedures, a fat removal surgery performed under anesthesia, accounted for 491,098 procedures in 2021, an increase from 296,601 procedures in 2020. Therefore, the increasing number of surgical procedures is driving the laryngeal mask market.

 

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The laryngeal mask market covered in this report is segmented –

1) By Type : Reusable laryngeal masks, Disposable laryngeal masks

2) By Patient  :  Children, Adult, Geriatric

3) By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-User

 

Top Major Players

Teleflex Incorporated

Intersurgical Limited

Dynarex Corporation

Medtronic PLC

Ambu A/S

 

Major companies operating in the laryngeal mask market are increasing their focus on partnerships to increase their reach and gain a competetive edge in the market. For instance, In July 2023, Teleflex Incorporated, a US-based provider of medical technologies entered into an agreement with Premier Inc, a US-based healthcare company. This partnership grants Premier company members the flexibility to take advantage by accessing the special rates and conditions that Premier has pre-arranged for specific Teleflex items, including laryngoscope systems, laryngeal mask airways, and disposable anesthesia products which would help clinicians deliver enhanced care at special prices. Furthermore, in June 2023, Teleflex Incorporated, a US-based provider of medical technologies partnered with Shenzhen Insighters Medical Technology Co., Ltd, a China-based company focusing on the development of medical imaging technology, for exclusive distribution of the Insighters Video Laryngoscope System. The Insighters Video Laryngoscope system, with its modular accessories and parts, facilitates the placement of the endotracheal tube across diverse intubation situations. The Insighters Video Laryngoscope System has been added to Teleflex's collection of airway management devices and is used for regular airway processes.

 

The laryngeal mask market report table of contents includes:

1. Executive Summary

2. Laryngeal Mask Market Characteristics

3. Laryngeal Mask Market Trends And Strategies

4. Laryngeal Mask Market - Macro Economic Scenario

5. Global Laryngeal Mask Market Size and Growth

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32. Global Laryngeal Mask Market Competitive Benchmarking

33. Global Laryngeal Mask Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Laryngeal Mask Market

35. Laryngeal Mask Market Future Outlook and Potential Analysis

36. Appendix

 

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