The global laryngeal mask market is poised for remarkable growth, according to the latest analysis report by Future Market Insights. The report forecasts that sales of laryngeal masks are expected to reach USD 656.4 million in 2022, with a projected surge to USD 1.5 billion by 2032, indicating a significant compound annual growth rate of 7.9% over the forecast period.
The steady expansion of the global laryngeal mask market can be attributed to various factors, including technological advancements, the rising number of surgical procedures, and increased awareness of the benefits associated with laryngeal masks. These medical devices play a crucial role in securing a patent airway during a range of medical interventions, such as surgeries or emergency medical care.
Compared to traditional endotracheal tubes, laryngeal masks offer several advantages, including reduced risk of airway trauma, faster insertion, and enhanced patient comfort. These benefits have contributed to their growing adoption across healthcare facilities worldwide.
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One of the key factors fueling the growth of the laryngeal mask market is the rising demand for minimally invasive procedures. Patients and healthcare providers alike are increasingly preferring less invasive options whenever possible, and laryngeal masks align perfectly with this trend. Their ease of use and reduced risk of complications make them an attractive choice for an expanding range of medical procedures.
Furthermore, technological innovations have led to the development of more advanced laryngeal mask devices. These newer models incorporate features like integrated gastric access ports and improved seal performance, enhancing their overall utility and safety. As a result, healthcare facilities are increasingly adopting these advanced laryngeal masks, contributing to market growth.
The COVID-19 pandemic has also had a significant impact on the laryngeal mask market. These devices played a crucial role in the management of COVID-19 patients, facilitating airway management during intubation and other respiratory procedures. This increased usage has led to a surge in demand for laryngeal masks, further boosting the market.
Here Are Some Key Points About The Laryngeal Mask Market:
- Market Growth: The laryngeal mask market has experienced steady growth over the years due to its advantages over traditional endotracheal intubation, including ease of use and reduced risk of airway trauma.
- Types of Laryngeal Masks: There are various types of laryngeal masks available, including disposable laryngeal masks and reusable laryngeal masks. Disposable masks are commonly used for single-patient use in hospitals, while reusable masks are designed for multiple uses with proper sterilization.
- Market Drivers: Factors driving the growth of the laryngeal mask market include an increasing number of surgical procedures, the need for efficient airway management in emergency situations, and advancements in laryngeal mask technology.
- Regulatory Considerations: Laryngeal masks are medical devices subject to regulatory approval in many countries. Companies must adhere to strict quality and safety standards to market their products.
- Market Trends: The laryngeal mask market has seen the development of innovative designs and materials to enhance patient comfort and improve seal performance. There is also a trend toward using laryngeal masks in more specialized applications, such as in pediatric and neonatal care.
- Geographic Variation: Market dynamics and adoption rates for laryngeal masks can vary by region. Developed countries with advanced healthcare systems tend to have higher adoption rates, while emerging markets may show potential for growth as healthcare infrastructure improves.
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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
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
By Region:
- North America
- Latin America
- Europe
- APAC
- MEA
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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