Global Laryngeal Mask Market is Anticipated to Witness High Growth Owing to Increased Usage Rate in Ambulatory Surgical Centers

Laryngeal Mask Market


 The global laryngeal mask market involves medical devices used to maintain an open airway during general anesthesia. Laryngeal masks come in various sizes to fit different patients and establish an airway without the use of an endotracheal tube. Procedures involving laryngeal masks are favored for their minimal invasiveness and quick recovery time. The devices provide an alternative to endotracheal intubation during surgical interventions requiring ventilation.

The Global Laryngeal Mask Market Demand is estimated to be valued at US$ 742.4 MN in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the global laryngeal mask market are Teleflex Incorporated, Ambu, Medtronic, Thermo Fisher Scientific, Intersurgical, Legend Medical Devices, BD, Vogt Medical, Asid Bonz, Hsiner and Other Prominent Players. Teleflex Incorporated is one of the leading providers of laryngeal masks with its wide product portfolio.

The global laryngeal mask market offers significant growth opportunities owing to the increasing adoption of ambulatory surgical centers. Procedures performed in ambulatory surgical centers require faster recovery times which favor the use of less invasive laryngeal masks over endotracheal tubes.

Major players in the laryngeal mask market are focusing on geographic expansion strategies to capitalize on opportunities in emerging markets. Market leaders are establishing manufacturing and distribution partnerships in Asia Pacific and Latin America with an aim to strengthen their presence in high growth regional markets.

Market Drivers
1) Increase in surgical procedures - The rising disease burden coupled with the growing geriatric population has significantly driven the number of surgical procedures performed worldwide. Since laryngeal masks provide an effective airway management solution with faster recovery, their adoption rate has increased correspondingly.

Market Restraints
1) Availability of alternative airway management devices - Devices like iGel and proseal laryngeal mask airway face competition from advanced endotracheal tubes and supraglottic airway devices. Continuous innovations in rival products pose a challenge for laryngeal mask manufacturers to maintain product differentiation.

Segment Analysis
The global laryngeal mask market can be segmented based on product, size, material, end-user, and region. Based on product, the disposable laryngeal mask segment dominates the market as they prevent the risk of cross-contamination. Based on size, adult and large sized laryngeal masks constitute the largest share due to high prevalence of conditions requiring critical surgeries among adults. Based on material, the oropharyngeal airway segment dominates as it is non-irritant and latex-free to reduce risk of allergic reactions. Based on end-user, hospitals account for the largest share due to high volume of surgeries performed in hospitals.

Global Analysis
Regionally, North America dominates the global laryngeal mask market and is expected to grow at the highest rate during the forecast period. This is attributed to rising prevalence of chronic respiratory diseases and increasing number of surgical procedures in the region. Asia Pacific is expected to witness the highest growth rate over the forecast period owing to increasing healthcare expenditure, more number of hospitals and improved healthcare infrastructure in emerging economies such as China and India. Additionally, growing awareness about advanced airway management devices and rising medical tourism are further expected to support market growth in Asia Pacific.

Get more insights on this topic: Global Laryngeal Mask Market

Explore More Articles: Assessment Services Market

Comments

Post a Comment

Popular posts from this blog

The Notchback Market is Estimated To Witness High Growth Owing To Rising Demand From Emerging Economies

Image
  Notchback Market Market Overview: A notchback is a body style of cars characterized by a gently sloped rear window and greenhouse. Notchbacks provide practical interior space with good cargo capacity. They offer balanced interior volume for passengers and cargo along with sleek and stylish exterior design. The body style has advantages like no C-pillar which enhances visibility compared to sedans. Market key trends: The growth of the notchback market is attributed to rising demand from emerging economies like China, India and Brazil. These nations have growing middle-class population and increasing disposable income which is driving vehicle ownership. Moreover, notchback body style is quite popular in these developing markets due to its spacious cabin combined with stylish looks at affordable prices. Leading automakers are launching various notchback models to cater to the surging demand from developing countries, which is fueling the growth of the notchback market size during ...
Read more

The increasing demand for adhesives and sealants is anticipated to open up the new avenue for Petroleum Resins Market

Image
Petroleum Resins Market  Market Overview: Petroleum resins are amorphous thermoplastic polymers made from petroleum-based feedstock materials, through either thermal or catalytic polymerization. They are mainly used for applications such as adhesives, inks, paints, rubber compounding, and others. Different types of petroleum resins include C5 resins, C9 resins, hydrogenated hydrocarbons (HHCs), and modified and specialized petroleum resins. Among applications, adhesives and sealants hold the largest share in the petroleum resins market owing to increasing use of petroleum resins in hot melt and pressure sensitive adhesives. Market Dynamics: The increasing demand for adhesives from packaging and construction industries is a major driver for the petroleum resins market. According to statsista, the global adhesive market was valued at over US$ 53.3 billion in 2020 and is projected to reach around US$ 78 billion by 2027, growing at a CAGR of over 5.7% during the forecast period. Pe...
Read more

Global Synthetic Biology Market Analysis: Size and Share

Image
Synthetic Biology Market  Synthetic biology encompasses the design, construction, and redesigning of biological parts, devices, and systems, either non-existent in nature or reengineered from existing biological systems. The market is experiencing significant growth, driven by the increasing demand for personalized medicine and healthcare. Applications of synthetic biology span pharmaceuticals, chemical production, agriculture, environmental protection, and renewable energy. Advancements in synthetic biology contribute to the rapid manufacturing of biotherapeutics, fostering the development of personalized medicine and more cost-effective healthcare solutions. The Synthetic Biology Market is projected to be valued at US$ 31,693.59 million in 2023, with an expected CAGR of 28% during the forecast period from 2023 to 2030, according to a newly published report by Coherent Market Insights. Key Market Trends: A prominent trend in the Global Synthetic Biology Market is the escalat...
Read more