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 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
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Details
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Report Title
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Laryngeal Mask Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Patients (Adult, Geriatric, and Children), Types (Disposable and Reusable), and End-users (Ambulatory Surgical Centers and Hospitals & Clinics)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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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
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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.
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.
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
Types
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.