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Laryngeal Mask Global Market Rising Trends, Industry Size, Share Report, Growing Demand and Business Opportunities And Forecast 2024-2033
Laryngeal Mask Market
As per the report, 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 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%.
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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.
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.
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
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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
Contents of the report:
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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