USD 30.1 million
Report ID:
SQMIG35C2027 |
Region:
Global |
Published Date: May, 2024
Pages:
219
|Tables:
61
|Figures:
75
Global Anaesthesia Laryngeal Masks Market size was valued at USD 30.1 million in 2022 and is poised to grow from USD 32.2 million in 2023 to USD 51.56 million by 2031, growing at a CAGR of 7.2% during the forecast period (2024-2031).
The anaesthesia laryngeal mask market shows a sustained growth trajectory driven by factors such as increasing surgical procedures globally and expansion of healthcare infrastructure particularly in emerging markets such as the Asia-Pacific region and parts of Latin America and Africa, increases access to surgical facilities and drives demand for anaesthesia laryngeal masks in these regions.
Technological advancements, including improvements in materials and design, are enhancing the performance and utility of laryngeal masks, further driving market demand. Moreover, rising healthcare expenditure, along with a growing focus on patient safety and infection control measures aimed at improving healthcare infrastructure and services, provides opportunities for market growth by increasing the adoption of anaesthesia laryngeal masks in healthcare facilities.
The shift towards outpatient surgery and the expansion of ambulatory surgical centres are also contributing to market growth. The growing trend towards outpatient or ambulatory surgery due to its cost-effectiveness, convenience, and advances in Anaesthesia techniques, also contributes the demand for anaesthesia laryngeal masks in ambulatory surgical centres and outpatient facilities.
However, challenges such as limitation of skilled healthcare professionals, regulatory compliance, safety concerns, and pricing pressures remain, necessitating continuous innovation and collaboration among stakeholders to overcome these barriers and capitalize on market opportunities.
Global Market Size
USD 30.1 million
Largest Segment
Disposable
Fastest Growth
Reusable
Growth Rate
7.2% CAGR
To get more reports on the above market click here to Buy The Report
The Global Anaesthesia Laryngeal Masks Market is segmented by product type, end-user and region. Based on product type, the market can be segmented into disposable and reusable Anaesthesia laryngeal masks. Based on end-user, the market is segmented into hospitals and ambulatory surgical centres. And lastly, based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product Type
Based on product type, the global Anaesthesia laryngeal masks market is segmented into disposable and reusable Anaesthesia laryngeal masks.
The disposable Anaesthesia laryngeal masks segment is dominating the market and is expected to hold the highest CAGR of 60% by the end of year 2036. The growth of this segment is due to its ability to prohibit spreading of germs as the reusable one does. With the increasing emphasis on patient safety and infection control measures, there has been a growing demand for disposable medical devices, including laryngeal masks, across various healthcare settings globally. Also, these masks are they are soft and flexible plastic devices and are made up of silicone, polypropylene or polycarbonates along with 60-99% of blind incubation success rate.
Meanwhile, the reusable Anaesthesia laryngeal masks are witnessing rapid growth in this market. The advancements in materials and manufacturing technologies have improved the durability and longevity of these masks which makes them more economically viable for its multiple use. Healthcare facilities are increasingly prioritizing sustainability and cost-effectiveness, since these reusable masks can be sterilized and reused which helps in reducing wastes and environmental impact. Furthermore, as healthcare systems face budget constraints and cost pressures, reusable laryngeal masks offer a cost-effective alternative to disposable options in the long run, despite higher initial purchase costs. These factors collectively contribute to the growing adoption and dominance of the reusable laryngeal mask segment in the Anaesthesia laryngeal masks market.
Analysis by End-User
Based on application, the global Anaesthesia Laryngeal Masks market is segmented into hospitals and ambulatory surgical centres.
The hospital segment holds a significant market share and will be leading the market in the upcoming years. Hospitals are the primary centres for surgical procedures, where Anaesthesia laryngeal masks are extensively used across various departments such as operating rooms, emergency departments, and intensive care units. In recent years, the number of patient and number of hospitals visits by the people for diagnosis and treatments has increased a lot and to assure that the patients are sedated properly, Anaesthesia masks are used. Additionally, hospitals typically have advanced healthcare infrastructure, including operating rooms equipped with modern Anaesthesia delivery systems and monitoring devices, which further drives the adoption of Anaesthesia laryngeal masks. In general, the hospital segment leads the market due to its central role in providing surgical care and the inherent demand for Anaesthesia laryngeal masks within hospital-based healthcare delivery systems.
The ambulatory surgical centres or ASCs are witnessing faster growth in this market. There is a global trend towards outpatient or ambulatory surgery which is driven by many factors like cost-efficiency, minimal invasive procedures etc. ASCs are specialized in providing same-day surgical procedures without the need for overnight hospital stays which offers convenience to the patients and lowers the waiting time along with lesser costs compared to traditional hospitals settings. As ASCs continue to gain popularity, there is a corresponding increase in the demand for Anaesthesia laryngeal masks to facilitate airway management during these procedures. Additionally, regulatory changes and reimbursement policies favouring outpatient surgery have further incentivized the growth of ASCs and consequently, the demand for Anaesthesia laryngeal masks in these settings.
To get detailed analysis on other segments, Request For Free Sample Report
Based on the geography, the global Anaesthesia Laryngeal Masks market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
North America is leading the global Anaesthesia laryngeal masks market and is expected to hold the highest revenue share of 35% by the end of 2036. North America boasts advanced healthcare infrastructure and technology, with well-established hospital systems and ambulatory surgical centres (ASCs) equipped with modern facilities. This facilitates widespread adoption and utilization of Anesthesia laryngeal masks across various surgical specialties. Also, high healthcare expenditure in this region further supports investments in innovative medical devices like laryngeal masks hence driving the market growth. Also, the guidelines issued by the healthcare organizations in this region also contributes to the market growth. Therefore, North America's combination of advanced healthcare infrastructure, regulatory framework, and innovation culture positions it as the leading market for anaesthesia laryngeal masks.
EF
Asia-Pacific emerges as the fastest-growing market for anaesthesia laryngeal masks. Region’s rapid urbanization and economic development in countries like China, India, and Southeast Asian nations have led to an expansion of healthcare infrastructure and an increase in surgical procedures. Additionally, rising healthcare expenditures as well as improved living standards and healthcare accessibility, has opened the door for the adoption of advanced medical devices such as anaesthesia laryngeal masks, in the region. Also, growing awareness among both healthcare providers and patients, along with government initiatives to improve healthcare systems have pushed the market growth. Moreover, technological advancements and collaborations between regional and international medical device manufacturers have facilitated the availability and affordability of anaesthesia laryngeal masks in the APAC region, further driving market expansion
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Increasing Surgical Procedure
Prioritizing Patients’ Safety
Restraints
Limited Availability of Skilled Healthcare Professionals.
Concerns Regarding Reusable Devices.
Competition from Alternative Airway Management Devices.
Request Free Customization of this report to help us to meet your business objectives.
The global anesthesia laryngeal mask market is characterized by the presence of several key players competing for market share and differentiation. Major companies such as Ambu A/S, Teleflex Incorporated, Medtronic plc, Intersurgical Ltd., and Smiths Medical, among others, dominate the market with their extensive product portfolios, global presence and strong distribution networks. These companies continuously invest in R&D activities to introduce innovative products with enhanced features, improve patient outcomes, and gain a competitive edge. Additionally, strategic initiatives such as mergers, acquisitions, partnerships, and collaborations are common in this market, aimed at expanding product offerings, geographical reach, and market presence. The market also consists of smaller players and niche manufacturers catering to specific segments or regional markets, contributing to market diversity and innovation. Factors such as product quality, pricing strategies, regulatory compliance, customer service, and brand reputation play crucial roles in shaping the competitive dynamics of the global anesthesia laryngeal mask market.
Top Player’s Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Anesthesia Laryngeal Masks market analysis, Anesthesia Laryngeal Masks market is anticipated to be growing in the upcoming years due to various factors. The global anesthesia laryngeal masks have many key drivers of market growth include the rising number of surgical processes worldwide, especially within the fields of Anesthesia and emergency medication. There is a rising demand for disposable anesthesia laryngeal masks due to its ability to limit the spread of germs. Meanwhile, the reusable anesthesia laryngeal masks are gaining attraction due to their cost-effectiveness and its contribution towards sustainability. In the end-user segment, hospitals are the biggest user of these market share holder of this market. With increasing number of surgical procedures worldwide, hospitals are the primary market for these anesthesia laryngeal masks, at the same time, there has been increased number of ASCs services due to their same-day surgical procedures without the need for overnight hospital stay, offering ease to the patients and reduces the waiting time. Based on the region, North America is dominating the market due to its better infrastructure and huge investments in innovative medical devices such as these masks. While Asia-Pacific region is also growing at faster rate. The region's growth is mainly due to rising healthcare expenditures as well as improved living standards and healthcare accessibility. Despite of intense growth and competition to provide more enhanced products to ensure patients’ safety and sustainability while maintaining cost competition, the major challenge that this market poses is the shortage of skilled healthcare professionals and competition from other alternatives. Despite the challenges outlined, ongoing research and development activities are aimed to address these issues, allowing the global anesthesia laryngeal masks market to sustain its growth momentum in the years ahead.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 30.1 million |
Market size value in 2031 | USD 51.56 million |
Growth Rate | 7.2% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Anaesthesia Laryngeal Masks Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Anaesthesia Laryngeal Masks Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Anaesthesia Laryngeal Masks Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Anaesthesia Laryngeal Masks Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG35C2027
sales@skyquestt.com
USA +1 351-333-4748