USD 2.1 billion
Report ID:
SQMIG25M2049 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
62
|Figures:
80
Global Laryngeal Mask Market size was valued at USD 2.1 billion in 2022 and is poised to grow from USD 2.19 billion in 2023 to USD 3.12 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).
The international laryngeal mask marketplace is experiencing consistent increase, pushed through elements which include the growing incidence of respiration issues, improvements in scientific generation, and the rising call for minimally invasive airway management answers. Laryngeal masks are clinical devices used to hold an open airway and facilitate mechanical air flow, making them essential tools in various clinical settings, together with running rooms, emergency departments, and extensive care units. One of the key drivers of marketplace boom is the growing occurrence of continual respiration situations together with chronic obstructive pulmonary ailment (COPD), bronchial asthma, and obstructive sleep apnea. These conditions regularly require airway management and air flow guide, leading to extra adoption of laryngeal masks. Technological improvements have additionally performed a large position inside the market's growth. Manufacturers have introduced laryngeal mask with progressed designs, substances, and features, enhancing affected person comfort and protection in the course of airway management procedures. Additionally, the combination of video laryngoscopy and fiber-optic generation has further advanced the accuracy and ease of laryngeal mask placement. Furthermore, the COVID-19 pandemic has underscored the importance of airway management devices, together with laryngeal masks, in breathing distress instances. The surge in COVID-19 patients requiring intubation and ventilation has driven up the call for for those gadgets globally.
Global Market Size
USD 2.1 billion
Largest Segment
Disposable laryngeal masks
Fastest Growth
Disposable laryngeal masks
Growth Rate
4.5% CAGR
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The international laryngeal masks marketplace is segmented on the basis of Type, Patient, End-use and area. By Type, the market is segmented into Reusable laryngeal masks, Disposable laryngeal masks. By Patient, the marketplace is segmented into Children, Adult, Geriatric. By End-use, the market is segmented into Hospitals & Clinics, Ambulatory Surgical Centers. By area, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Type
In the global laryngeal mask market, the disposable laryngeal mask are the dominant phase and feature won huge recognition and marketplace percentage because of numerous key elements. They provide convenience and take away the need for sterilization or cleaning after each use, making them a desired preference for healthcare centers trying to reduce hard work fees and ensure contamination manage. Disposable laryngeal mask are also considered safer, as there's no threat of pass-contamination among sufferers. These factors have driven their vast adoption in emergency clinical services, working rooms, and outpatient settings. Additionally, advancements in material technology have improved the layout and luxury of disposable laryngeal mask, in addition contributing to their dominance within the marketplace.
On the opposite hand, the reusable laryngeal mask phase is experiencing quickest growth. This boom is in the main driven via improvements in materials and design which have progressed the sturdiness and longevity of reusable masks. Healthcare centers are an increasing number recognizing the fee financial savings associated with reusable laryngeal masks over the long term, as they may be sterilized and used a couple of times. Additionally, environmental sustainability concerns are encouraging the adoption of reusable scientific devices. As a result, the reusable laryngeal mask segment is predicted to witness the quickest boom fee within the coming years.
Analysis By Patient
In the global Laryngeal Mask market, The person segment is the dominant marketplace phase. This dominance can be attributed to several factors. First, laryngeal mask are normally utilized in person sufferers for the duration of numerous scientific methods, consisting of surgical procedures and emergency interventions. The adult population frequently requires medical interventions that necessitate airway control, making laryngeal masks a essential medical device in healthcare settings. Additionally, the prevalence of chronic illnesses and the want for surgical tactics among adults make contributions to the consistent demand for laryngeal mask on this phase. As a end result, the grownup section holds the largest marketplace proportion.
On the alternative hand, the geriatric segment is the quickest-developing segment inside the global laryngeal masks market. This boom is more often than not driven via the aging population international. As people age, they will stumble upon clinical conditions that require surgical interventions or medical tactics. The geriatric population is more vulnerable to sure health issues, which include breathing and cardiovascular conditions, which can also necessitate using laryngeal mask at some point of clinical interventions. The increasing elderly population, coupled with improvements in healthcare, has caused a better call for laryngeal masks inside the geriatric phase. Consequently, this segment is experiencing a speedy boom inside the marketplace.
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The international laryngeal mask market is analyzed primarily based on its nearby presence, which incorporates North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America could be the dominant region inside the worldwide laryngeal mask market. This dominance may be attributed to several elements. Firstly, the place has a nicely-mounted healthcare infrastructure and a high stage of recognition among healthcare experts regarding advanced medical gadgets like laryngeal masks. Additionally, a developing geriatric populace in North America has led to elevated surgical techniques, where laryngeal masks are commonly used. Moreover, the presence of distinguished medical tool producers and strong regulatory frameworks make certain the provision of high-quality laryngeal masks inside the vicinity.
As for the quickest growing section, the Asia-Pacific is the quickest-developing region within the worldwide laryngeal mask market. This boom is pushed with the aid of various factors, which include the growing occurrence of respiratory illnesses and the growth of healthcare centers in international locations like India and China. The growing healthcare expenditure, coupled with a developing center-elegance populace, is fueling the demand for superior scientific devices inside the Asia-Pacific area. Furthermore, the adoption of minimally invasive surgical strategies, where laryngeal masks are normally utilized, is at the upward push. The region's financial growth and healthcare infrastructure improvement contribute to its rapid marketplace enlargement, making it a key vicinity of recognition for laryngeal masks manufacturers.
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Drivers
Increasing Surgical Procedures:
Advancements in Laryngeal Mask Technology:
Restraints
Competitive Market:
Safety Concerns:
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The worldwide laryngeal masks marketplace is characterized by means of severe competition amongst numerous distinguished gamers, each vying for a big marketplace percentage. Key gamers on this marketplace encompass Ambu A/S, Teleflex Incorporated, Medtronic %, Smiths Group percent, VBM Medizintechnik GmbH, and SourceMark, among others. These businesses are actively engaged in strategic initiatives such as mergers and acquisitions, product innovations, and collaborations to reinforce their market role. For example, Ambu A/S, a main participant in the laryngeal mask marketplace, has focused on product advancements, introducing disposable laryngeal masks designed for unmarried-use, enhancing patient protection and decreasing the danger of go-infection. Teleflex Incorporated, some other predominant participant, has been expanding its product portfolio thru acquisitions, broadening its variety of laryngeal mask and related devices. Medtronic %, with its international presence, has been making an investment in studies and improvement to introduce superior laryngeal masks products catering to diverse clinical settings. The competitive landscape is characterised via a continuous emphasis on product high-quality, regulatory compliance, and value-effectiveness. With the growing demand for minimally invasive airway control solutions, the opposition within the international laryngeal mask market is anticipated to stay robust, fostering innovation and benefitting healthcare providers and sufferers alike.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Laryngeal Mask Market analysis, the marketplace has skilled constant increase in recent years, pushed by means of different factors. Laryngeal masks, a scientific tool used for airway control during anesthesia or in emergency situations, have won reputation due to their ease of use and effectiveness. Key drivers of market growth include the rising number of surgical processes international, especially within the fields of anesthesia and emergency medication. Laryngeal mask provide advantages over conventional endotracheal tubes, including reduced danger of airway trauma and faster insertion, contributing to their adoption. Additionally, technological advancements have caused the improvement of innovative laryngeal mask designs with greater features, in addition boosting market growth. These enhancements cater to the precise needs of healthcare experts, improving affected person results. The market is also cashing in on elevated consciousness about the advantages of laryngeal mask, at the side of their fee-effectiveness as compared to different airway control options. However, regulatory challenges and safety issues, such as the hazard of aspiration and mistaken placement, stay key demanding situations for market gamers. Nevertheless, with ongoing studies and development efforts to cope with these problems, the global laryngeal masks market is expected to preserve its growth trajectory within the coming years.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.1 billion |
Market size value in 2031 | USD 3.12 billion |
Growth Rate | 4.5% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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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 Laryngeal Mask 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 Laryngeal Mask 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 Laryngeal Mask Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Laryngeal Mask 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.
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Report ID: SQMIG25M2049
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