Laryngeal Mask Global Market Demand Analysis, Manufacturers Share, Regions, Risk Analysis, Driving Forces and Application, Forecast To 2033 | Dynarex Corporation, Medtronic PLC, Ambu A/S, Fannin Limited, Verathon Inc.

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Laryngeal Mask Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $3.64 billion In 2028 At A CAGR Of 11.8% :

The laryngeal mask market size has grown rapidly in recent years. It will grow from $2.08 billion in 2023 to $2.33 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to increasing surgical procedures, rise in respiratory disorders, improvements in material science, global aging population, focus on patient safety.

The laryngeal mask market size is expected to see rapid growth in the next few years. It will grow to $3.64 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to integration of artificial intelligence, rapid growth in ambulatory surgical centers, increased awareness and training programs, expanding applications in emergency medicine, focus on sustainable and eco-friendly materials. Major trends in the forecast period include implementation of 3d printing technology, enhanced seal and ventilation features, adoption of eco-friendly and sustainable materials, expansion of telemedicine-compatible laryngeal masks..

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Laryngeal Mask Market Major Segments
The laryngeal mask market covered in this report is segmented -
1) By Type : Reusable laryngeal masks, Disposable laryngeal masks
2) By Patient : Children, Adult, Geriatric
3) By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-User

Key Driver - Rising Number Of Surgical Procedures Fuels Laryngeal Mask Market Growth

The increasing number of surgical procedures is expected to propel the growth of the laryngeal mask market going forward. A surgical procedure refers to a medical operation where incisions are made using instruments to treat disease or repair damage in a living body. Laryngeal masks are used as a temporary tool to keep the airway unobstructed during surgeries that involve general anesthesia and are utilized either to administer anesthesia or as an urgent solution for patients experiencing airway complications. For instance, in 2021, according to The Aesthetic Society, a US-based group of board-certified aesthetic plastic surgeons, in the USA, there was a 54% increase in the number of aesthetic surgical procedures in 2021 compared to 2020. Moreover, liposuction procedures, a fat removal surgery performed under anesthesia, accounted for 491,098 procedures in 2021, an increase from 296,601 procedures in 2020. Therefore, the increasing number of surgical procedures is driving the laryngeal mask market.

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Prominent Trend - Increasing Focus On Strategic Collaboration To Gain A Competitive Edge

Major companies operating in the laryngeal mask market are increasing their focus on partnerships to increase their reach and gain a competetive edge in the market. For instance, In July 2023, Teleflex Incorporated, a US-based provider of medical technologies entered into an agreement with Premier Inc, a US-based healthcare company. This partnership grants Premier company members the flexibility to take advantage by accessing the special rates and conditions that Premier has pre-arranged for specific Teleflex items, including laryngoscope systems, laryngeal mask airways, and disposable anesthesia products which would help clinicians deliver enhanced care at special prices. Furthermore, in June 2023, Teleflex Incorporated, a US-based provider of medical technologies partnered with Shenzhen Insighters Medical Technology Co., Ltd, a China-based company focusing on the development of medical imaging technology, for exclusive distribution of the Insighters Video Laryngoscope System. The Insighters Video Laryngoscope system, with its modular accessories and parts, facilitates the placement of the endotracheal tube across diverse intubation situations. The Insighters Video Laryngoscope System has been added to Teleflex's collection of airway management devices and is used for regular airway processes.

Laryngeal Mask Market Players
Major companies operating in the laryngeal mask market report are Teleflex Incorporated, Intersurgical Limited, Dynarex Corporation, Medtronic plc, Ambu A/S , Hitec Medical Co. Ltd., Polymedicure Ltd., Anandic Medical Systems, Narang Medical Limited, Vogt Medical Vertrieb GmbH, Sterilmed Inc., HSINER CO. LTD., Legend Medical Devices Inc., Medline Industries Inc., Becton Dickinson and Company , Health Business Corp., Cook Medical, Vyaire Medical Inc., Advin Health Care, Smiths Group plc, GPC Medical Ltd., Sourcemark LLC , Fannin Limited, Verathon Inc., Angiplast Pvt. Ltd., IndoSurgicals Private Limited, OXYCARE LTD., Proexamine Surgicals Private Limited, Besmed Health Business Corporation, Kindwell Medical Equipment

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Largest And Fastest Growing Region In The Market
North America was the largest region in the laryngeal mask market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the laryngeal mask market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Laryngeal Mask Market Report Structure
3. Laryngeal Mask Market Trends And Strategies
4. Laryngeal Mask Market - Macro Economic Scenario
5. Laryngeal Mask Market Size And Growth
…..
27. Laryngeal Mask Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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