Laryngeal Mask Market are projected to increase at a CAGR of around 7.8% during 2022 - 2032

[Report of 250 Pages] According to Future Market Insights' newly released Laryngeal Mask Market analysis report, global sales of the Laryngeal Mask Market in 2021 would be US$ 656.4 Mn. The estimated market growth from 2022 to 2032 is 7.8%, which is much greater than the historical growth.

Disposable Laryngeal Masks is estimated to be the most profitable market, with a CAGR of more than 7.9% between 2022 and 2032.

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The demand for laryngeal masks is being driven by a rise in the number of surgical procedures as well as an increase in disposable device consumption. Furthermore, the increasing prevalence of chronic illnesses demanding surgery and anesthesia is propelling demand and market expansion. Over 1.3 million surgical operations are performed in Canada each year, according to medico-legal data released by the Healthcare Insurance Reciprocal of Canada (HIROC) and the Canadian Medical Protective Association (CMPA), raising demand for laryngeal masks.

In the coming years, a growth in the number of surgeries for the treatment of respiratory disorders such asthma and chronic bronchitis is expected to enhance the market. The minor increase in the global prevalence of respiratory disorders is expected to generate development opportunities for the market growth throughout the forecast period.

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The market for laryngeal masks is predicted to increase as a result of the rising number of uses of disposable laryngeal mask in the market. Throughout the projection period demand for laryngeal mask airway ventilation is expected to increase the demand.

Key Takeaways from the Market Study

Global Laryngeal Mask Market is expected to reach a market size of US$706.1 Mn by 2022.
The Disposable Laryngeal Masks segment, is expected to have the highest CAGR rate of 7.9% during the forecast period.
United States to remain the most dominant market with absolute dollar growth opportunity of US$ 600.4 Mn during 2022 - 2032.
The market in Japan is set to experience the highest CAGR of 10.1% during the 2022-2032 forecast period.
"A growth in the number of surgical operations, as well as an increase in disposable device use, are driving demand for laryngeal masks." comments a Future Market Insights analyst.

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Competitive Landscape

The industry for laryngeal masks is being driven by a rise in medical procedures coupled with an expansion in disposable mask demands. Several mid-size and smaller enterprises are growing their market presence by offering laryngeal masks at cheaper pricing.
Some of the recent developments of key Laryngeal Mask providers are as follows:
In February 2021, Ambu A/S announced to expand its single-use endoscopy contracts with two major US Group Purchasing Organizations.
In May 2019, Ambu A/S signed a strategic partnership with Cook Medical, under which Cook Medical would distribute Ambu's products in the United States.

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Market Segments Covered In Laryngeal Mask Market Analysis

By Product Type:

Reusable Laryngeal Masks
Disposable Laryngeal Masks
By Patient:

Children
Adult
Geriatric
By End-use:

Hospitals & Clinics
Ambulatory Surgical Centers

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.