Press release
Laryngeal Mask Market to Reach US$ 1.5 Bn by 2032 at 7.9% CAGR
Report OverviewThe size of the global laryngeal mask market was estimated at USD 541.3 million in 2020, and it is anticipated to increase at a CAGR of 7.9% from 2023 to 2032. The rise in product usage during operations or anaesthesia procedures can be blamed for the increase. The market for laryngeal masks is primarily driven by the rise in surgical operations combined with the rising demand for disposable devices.
The laryngeal mask airway is a typical supraglottic airway (LMA). When introduced orally, the LMA is a supraglottic airway tube with a cuffed mask that creates a low-pressure seal across the laryngeal entrance. LMA ventilation has several benefits over other methods. A laryngeal mask is a single-use or reusable supraglottic airway device that can be used to maintain an open airway for a short period.
Additionally, the rising frequency of chronic conditions that call for operations and anaesthesia is driving up demand for the products and accelerating market expansion. For instance, the demand for laryngeal masks is driven by the fact that more than 1 million surgical procedures are carried out annually in the nation, according to medico-legal data given by the Healthcare Insurance Reciprocal of Canada (HIROC) and Canadian Medical Protective Association (CMPA).
The coronavirus that is the main source of the COVID-19 pandemic spreads mainly through droplets, aerosols, and direct touch. The frequent participation of anaesthetists in aerosol-generating airway procedures has increased their risk of infection. Due to this, laryngeal mask use has been sluggish during the pandemic. Due to the coronavirus outbreak, a number of anaesthetic guidelines have been developed; the fundamental management principles include safeguarding medical personnel and reducing aerosol contamination.
The Laryngeal Mask market report is a perfect foundation for people looking out for a comprehensive study and analysis of the Laryngeal Mask market. On the basis of historic growth analysis and current scenario of Laryngeal Mask market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Laryngeal Mask market. This further helps user with their developmental strategy.
This report examines all the key factors influencing growth of global Laryngeal Mask market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Laryngeal Mask market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
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Market Segmentations:
Global Laryngeal Mask Market: Major Players
Medtronic
DYNAREX
Teleflex
Ferno
Thermo Fisher
Ambu
Intersurgical
Cardinal Health
BD
Hitec Medical Co., Ltd
Global Laryngeal Mask Market: Types
Reusable
Disposable
Global Laryngeal Mask Market: Applications
Infant
Adult
Global Laryngeal Mask Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Laryngeal Mask market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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The market for laryngeal masks is anticipated to expand as a result of the increasing number of technological advancements. The demand for laryngeal mask airway ventilation is also anticipated to increase over the forecast period, as are expenditures in R&D. Due to the intense rivalry among the major players, R&D and innovation have been given priority in the current product portfolio.
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Analysis of the impact of COVID-19 and the Russia-Ukraine War:
The readers of this section will be better informed on the effects of the pandemic, the post-pandemic, and the Russia-Ukraine War on the global market for refrigerated freight services. The factors that have changed since the poll was done include demand, consumption, transportation, consumer behavior, and supply chain management. Industry experts have also emphasized the crucial factors that will help players identify opportunities and maintain the sector as a whole in the approaching years.
Frequently Asked Questions About This Report
• How big is the laryngeal mask market?
• What is the laryngeal mask market growth?
• Which segment accounted for the largest laryngeal mask market share?
• Who are the key players in the laryngeal mask market?
• What are the factors driving the laryngeal mask market?
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