Laryngeal Mask Market

Laryngeal Mask Market

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raksha

Author :

Raksha Sharma

Vineet

Fact-checked by :

Vineet Pandey

Vishal

Editor :

Vishal Golekar

The global laryngeal mask market size was valued at USD 551.5 million in 2020 and is expected to expand at a CAGR of 6.1% during the forecast period, 2021–2028. The growth of the market is attributed to the increased use of the product during operations or anesthetic treatments.

Laryngeal Mask Market Key Takeaways

Laryngeal mask airways (LMA) are reusable or single-use supraglottic airway devices that can be used to uphold an exposed airway while anesthesia is administered. The LMA is primarily intended for use in the operating theater but it is widely used in the emergency department as an important supplementary device for challenging airway management. On the proximal end, the LMA resembles a large endotracheal tube and on the distal end, it attaches to an elliptical mask. It is designed to cover the supraglottic tissues and sit in the patient's hypopharynx, thereby, isolating the trachea. During the COVID-19 pandemic, there was a sluggish uptake of laryngeal masks airways. Many anesthetic suggestions, however, are widely developed as a result of the coronavirus epidemic by asserting essential management principles including shielding healthcare employees and reducing aerosol pollution.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing number of surgical operations combined with availability of disposable device demand are key drivers of the market.
  • Rising frequency of chronic disorders that necessitate surgery and anesthesia among a large number of the global population is another key factor driving product demand.
  • Technical advancements and growing integration of advanced technology are projected to boost the market during the forecast period.
  • Scarcity of trained experts in developing countries and lack of awareness about masks are major hurdles that can hinder the market growth during the forecast period.
  • Rising R&D investments and introduction of laryngeal mask airway ventilation are likely to offer several opportunities for market expansion.

Scope of the Report

The report on the global laryngeal mask market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Laryngeal Mask Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Patients (Adult, Geriatric, and Children), Types (Disposable and Reusable), and End-users (Ambulatory Surgical Centers and Hospitals & Clinics)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Thermo Fisher Scientific Inc.; Anandic Medical Systems; Narang Medical; Besmed; Vogt Medical Vertrieb GmbH; Ferno; Hsiner; Legend Medical Devices, Inc.; Teleflex Incorporated; Intersurgical Ltd.; Dynarex Corporation; Medtronic; Ambu A/S; Hitec Medical; and McKesson Corporation

Market Segment Insights

Adult segment to expand at a considerable CAGR

On the basis of patients, the laryngeal mask market is segmented into adult, geriatric, and children. The adult segment is projected to expand at a considerable CAGR during the forecast period due to the rising number of medical procedures and the growing frequency of chronic illnesses among adults. According to the International Journal of Environmental Research and Public Health, over half of all Americans have at least one chronic illness.

Laryngeal Mask Market By Patients

Disposable segment to hold a significant share of the market

In terms of types, the market is bifurcated into disposable and reusable. The disposable segment is expected to hold a significant share of the market due to the advantages that come with its use. It provides patients with a pleasant airway while also removing the risk of disease transmission as it is not reusable. However, the reusable segment is projected to account for a significant market share owing to the increasing use of these masks impacted by the lower cost of the products. In addition, the widespread availability of reusable laryngeal masks as well as their considerably more compliant in vitro usage are key drivers of the segment.

Hospitals & clinics segment to grow at a high rate during the forecast period

Based on end-users, the laryngeal mask market is bifurcated into ambulatory surgical centers and hospitals & clinics. The hospitals & clinics centers segment is expected to grow at a high rate during the projected period owing to the ease accessibility to clinics centers and availability of attractive reimbursement systems such as Medicare and Blue Cross Blue Shield associated with hospitals. However, the ambulatory surgical centers (ASCs) segment is expected to be a fast-growing segment owing to advantages such as shorter stay periods, shorter wait times, and customized treatment for outpatient services. As a result of these, the number of procedures performed in ASCs is increasing rapidly.

Laryngeal Mask Market By End Users

North America is anticipated to constitute a key market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to the region's well-established healthcare infrastructure. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period. The regional market growth is ascribed to factors such as the availability of a larger patient pool wanting high-quality healthcare at cheaper prices, the growing elderly population, and market participants in the region.

Segments

The global laryngeal mask market has been segmented on the basis of

Patients
  • Adult
  • Geriatric
  • Children
Types
  • Disposable
  • Reusable
End-users
  • Ambulatory Surgical Centers
  • Hospitals & Clinics
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Thermo Fisher Scientific Inc.
  • Anandic Medical Systems
  • Narang Medical
  • Besmed
  • Vogt Medical Vertrieb GmbH
  • Ferno
  • Hsiner
  • Legend Medical Devices, Inc.
  • Teleflex Incorporated
  • Intersurgical Ltd.
  • Dynarex Corporation
  • Medtronic
  • Ambu A/S
  • Hitec Medical
  • McKesson Corporation

Competitive Landscape

Key players competing in the global laryngeal mask market are Thermo Fisher Scientific Inc.; Anandic Medical Systems; Narang Medical; Besmed; Vogt Medical Vertrieb GmbH; Ferno; Hsiner; Legend Medical Devices, Inc.; Teleflex Incorporated; Intersurgical Ltd.; Dynarex Corporation; Medtronic; Ambu A/S; Hitec Medical; and McKesson Corporation.

To stay intact in fierce rivalry among major players, expansion of R&D programs and innovation in the existing product portfolio have been prioritized among key competitors. To achieve a competitive advantage, most firms have used different business strategies such as new product releases, strategic alliances, and geographical development. Medtronic PLC, for example, opened a new regional headquarters in Singapore in May 2016 to improve its operations and fulfil the increasing demand for healthcare in Asia Pacific.

Laryngeal Mask Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Laryngeal Mask Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Laryngeal Mask Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Laryngeal Mask Market - Supply Chain
  4.5. Global Laryngeal Mask Market Forecast
     4.5.1. Laryngeal Mask Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Laryngeal Mask Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Laryngeal Mask Market Absolute $ Opportunity
5. Global Laryngeal Mask Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Laryngeal Mask Market Size and Volume Forecast by Types
     5.3.1. Disposable
     5.3.2. Reusable
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Laryngeal Mask Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Laryngeal Mask Market Size and Volume Forecast by End Users
     6.3.1. Ambulatory Surgical Centers
     6.3.2. Hospitals & Clinics
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Laryngeal Mask Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Laryngeal Mask Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Laryngeal Mask Demand Share Forecast, 2019-2026
8. North America Laryngeal Mask Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Laryngeal Mask Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Laryngeal Mask Market Size and Volume Forecast by Types
     8.4.1. Disposable
     8.4.2. Reusable
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Laryngeal Mask Market Size and Volume Forecast by End Users
     8.7.1. Ambulatory Surgical Centers
     8.7.2. Hospitals & Clinics
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Laryngeal Mask Demand Share Forecast, 2019-2026
9. Latin America Laryngeal Mask Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Laryngeal Mask Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Laryngeal Mask Market Size and Volume Forecast by Types
     9.4.1. Disposable
     9.4.2. Reusable
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Laryngeal Mask Market Size and Volume Forecast by End Users
     9.7.1. Ambulatory Surgical Centers
     9.7.2. Hospitals & Clinics
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Laryngeal Mask Demand Share Forecast, 2019-2026
10. Europe Laryngeal Mask Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Laryngeal Mask Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Laryngeal Mask Market Size and Volume Forecast by Types
     10.4.1. Disposable
     10.4.2. Reusable
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Laryngeal Mask Market Size and Volume Forecast by End Users
     10.7.1. Ambulatory Surgical Centers
     10.7.2. Hospitals & Clinics
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Laryngeal Mask Demand Share Forecast, 2019-2026
11. Asia Pacific Laryngeal Mask Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Laryngeal Mask Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Laryngeal Mask Market Size and Volume Forecast by Types
     11.4.1. Disposable
     11.4.2. Reusable
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Laryngeal Mask Market Size and Volume Forecast by End Users
     11.7.1. Ambulatory Surgical Centers
     11.7.2. Hospitals & Clinics
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Laryngeal Mask Demand Share Forecast, 2019-2026
12. Middle East & Africa Laryngeal Mask Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Laryngeal Mask Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Laryngeal Mask Market Size and Volume Forecast by Types
     12.4.1. Disposable
     12.4.2. Reusable
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Laryngeal Mask Market Size and Volume Forecast by End Users
     12.7.1. Ambulatory Surgical Centers
     12.7.2. Hospitals & Clinics
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Laryngeal Mask Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Laryngeal Mask Market: Market Share Analysis
  13.2. Laryngeal Mask Distributors and Customers
  13.3. Laryngeal Mask Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Thermo Fisher Scientific Inc.
     13.4.2. Anandic Medical Systems
     13.4.3. Narang Medical
     13.4.4. Besmed
     13.4.5. Vogt Medical Vertrieb GmbH
     13.4.6. Ferno
     13.4.7. Hsiner
     13.4.8. Legend Medical Devices, Inc.

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