Projections indicate that between 2022 and 2032, the Laryngeal Masks market demand will grow at a compound annual rate of 7.9%. By 2022, the estimated revenue for the Laryngeal Mask Market is expected to reach US$ 656.4 million, with the market worth estimated to reach US$ 1.5 billion by 2032.
This growth in demand can be attributed to an increase in surgical procedures, a rise in chronic illnesses that require surgery and anesthesia, and a greater usage of disposable devices. In Canada alone, over 1.3 million surgeries are conducted each year, indicating a growing demand for Laryngeal Masks.
Get Sample of the report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-13216
The market for Laryngeal Masks is predicted to expand further in the coming years due to a rise in surgeries for respiratory conditions like asthma and chronic bronchitis. The slight increase in the global prevalence of respiratory disorders is also expected to create growth opportunities throughout the forecast period.
The use of disposable masks is another factor driving the market’s growth, with demand for laryngeal mask airway ventilation projected to increase during the projection period, contributing to the overall rise in demand for these masks.
Key Takeaways from the Market Study
- Global Laryngeal Mask Market is expected to reach a market size of US$ 706.1 Million by 2022.
- The Disposable Laryngeal Masks segment, is expected to have the highest CAGR rate of 7.9% during the forecast period.
- United States to remain the most dominant market with absolute dollar growth opportunity of US$ 600.4 Million during 2022 to 2032.
- The market in Japan is set to experience the highest CAGR of 10.1% during the 2022 to 2032 forecast period.
“A growth in the number of surgical operations, as well as an increase in disposable device use, are driving demand for Laryngeal Masks.” comments a Future Market Insights analyst.
To remain ‘ahead’ of your competitors, Ask a Question@ https://www.futuremarketinsights.com/ask-question/rep-gb-13216
Competitive Landscape
The industry for Laryngeal Masks is being driven by a rise in medical procedures coupled with an expansion in disposable mask demands. Several mid-size and smaller enterprises are growing their market presence by offering Laryngeal Masks at cheaper pricing.
Some of the recent developments of key Laryngeal Mask providers are as follows:
- In February 2021, Ambu A/S announced to expand its single-use endoscopy contracts with two major US Group Purchasing Organizations.
- In May 2019, Ambu A/S signed a strategic partnership with Cook Medical, under which Cook Medical would distribute Ambu’s products in the United States.
Key Companies Profiled:
- Ambu A/S
- BLS Systems
- Medtronic
- Hsiner Co. Ltd
- Thermo Fisher
- Cardinal Health
- Smiths Group plc
- Intersurgical
- Teleflex Incorporated
- Ferno
Buy Complete Report@ https://www.futuremarketinsights.com/checkout/13216
Market Segments Covered In Laryngeal Mask Market Analysis
By Product Type:
- Reusable Laryngeal Masks
- Disposable Laryngeal Masks
By Patient:
- Children
- Adult
- Geriatric
By End-use:
- Hospitals & Clinics
- Ambulatory Surgical Centers
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs
