The global market for laryngeal masks is experiencing significant growth, with an estimated value of USD 756.4 million in 2024. According to recent market analysis, this figure is expected to soar to USD 1,460.4 million by 2034, reflecting a robust compound annual growth rate (CAGR) of 6.8% during the forecast period.
Laryngeal masks, or supraglottic airway devices, are essential tools in maintaining an open airway during anesthesia or unconsciousness. Developed by British anesthetist Archibald Brain in the 1980s, these devices consist of a tube connected to an ellipsoidal mask that effectively seals the glottis, allowing for safe ventilation without aspiration through the vocal cords.
One of the key advantages of laryngeal masks over traditional endotracheal tubes is their ease of insertion, which significantly reduces the risk of injury to the teeth or larynx. This increased comfort and straightforward application have led to widespread adoption in surgical settings and emergency care.
As the demand for airway management solutions continues to rise, the laryngeal mask market is expected to expand alongside advancements in technology, including innovations in mechanical ventilation. These advancements are anticipated to enhance patient safety while optimizing airway management protocols.
The revenue generated by laryngeal masks in 2023 was USD 708.3 million, underscoring the growing recognition of these devices in both surgical theaters and emergency care environments. As healthcare providers increasingly seek efficient and safe airway solutions, the laryngeal mask market is poised for substantial growth in the coming decade.
Key Takeaways:
- With a CAGR of 7.7%, India is projected to be the fastest-growing market for pet food during this period.
- China is expected to follow closely with a CAGR of 6.8%.
- South Korea market is projected to grow at a significant rate of 5.4% CAGR.
- With a CAGR of 3.5%, France is expected to see substantial growth.
- The UK market is projected to grow at a moderate pace of 2.5% CAGR.
- USA and Germany these markets are expected to grow at a relatively slower pace, with a CAGR of 2.1% for both countries.
Overall Trend:
The data suggests that the global pet food market is poised for significant growth over the next decade, with emerging markets like India and China leading the way. This growth is likely driven by factors such as increasing pet ownership, rising disposable incomes, and changing consumer preferences towards premium pet food products.
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Competitive Landscape:
The laryngeal mask industry is characterized by intense competition, with numerous manufacturers actively participating in the market. These companies are committed to continuous innovation and enhancement of their product offerings.
Leading producers of laryngeal masks are focusing on expanding their global presence to boost revenue and extend their sales footprint in emerging markets. This strategy often involves acquiring smaller regional players. Manufacturers employ a variety of key tactics, including partnerships, product launches, research sponsorships, and strategic collaborations, to enhance product sales and solidify their market positions.
Key Players in the Laryngeal Mask Market:
- Cardinal Health: This American pharmaceutical and medical supplies company offers a range of laryngeal masks, including disposable uncuffed silicone laryngeal mask airways. Cardinal Health also provides various other products, such as pharmaceutical items, laboratory supplies, and hospital supplies.
- Teleflex Incorporated: An American provider of specialty medical devices, Teleflex offers products like the LMA® Unique™ (Silicone Cuff) Airway. The company also has a diverse portfolio that includes solutions for pain management, airway management, urology, and more.
Key Players of Laryngeal Mask Industry:
- Ambu A/S
- Teleflex Incorporated
- Medtronic
- Hsiner Co. Ltd
- Thermo Fisher Scientific Inc.
- Cardinal Health
- Medline Industries Inc.
- BLS Systems
- Dynarex Corp.
- Smiths Group plc
- Besmed Health Business Corp.
- Vogt Medical Vertrieb GmbH
Key Segments of Laryngeal Mask Industry:
By Product:
In terms of product, the industry is divided into reusable laryngeal masks and disposable laryngeal masks.
By Patient:
In terms of patient, the industry is segregated into children, adult, and geriatric
By End User:
In terms of distribution channel, the industry is divided into hospitals, clinics, and ambulatory surgery centers
By Region:
Key countries of North America, Latin America, East Asia, South Asia & Pacific, Western Europe, Eastern Europe, and Middle East and Africa (MEA) have been covered in the report.
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