The laryngeal mask global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Laryngeal Mask Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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..
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Scope Of Laryngeal Mask Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Laryngeal Mask Market Overview
Market Drivers –
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.
Market Trends –
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 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
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Regional Insights –
North America was the largest region in the laryngeal mask market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the laryngeal mask market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the laryngeal mask market report are Teleflex Incorporated, Intersurgical Limited, Dynarex Corporation, Medtronic plc, Ambu A/S , Hitec Medical Co. Ltd., Polymedicure Ltd., Anandic Medical Systems, Narang Medical Limited, Vogt Medical Vertrieb GmbH, Sterilmed Inc., HSINER CO. LTD., Legend Medical Devices Inc., Medline Industries Inc., Becton Dickinson and Company , Health Business Corp., Cook Medical, Vyaire Medical Inc., Advin Health Care, Smiths Group plc, GPC Medical Ltd., Sourcemark LLC , Fannin Limited, Verathon Inc., Angiplast Pvt. Ltd., IndoSurgicals Private Limited, OXYCARE LTD., Proexamine Surgicals Private Limited, Besmed Health Business Corporation, Kindwell Medical Equipment
Table of Contents
1. Executive Summary
2. Laryngeal Mask Market Report Structure
3. Laryngeal Mask Market Trends And Strategies
4. Laryngeal Mask Market – Macro Economic Scenario
5. Laryngeal Mask Market Size And Growth
…..
27. Laryngeal Mask Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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