The global laryngeal mask market has witnessed significant growth over the past few years owing to the growing demand for airway management devices. Laryngeal masks are life-saving medical devices used to establish and maintain a clear airway and administer anesthesia and ventilation in patients during surgery or anesthesia. Key advantages of laryngeal masks over other airway management devices include ease of use, safety, and effectiveness. They ensure safe airway control and optimized ventilation without requirements of advanced skills. Moreover, single-use disposable laryngeal masks are gaining high popularity as they eliminate the risk of cross-contamination between patients.
The Global Laryngeal Mask Market Demand is estimated to be valued at US$ 742.4 MN in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the global laryngeal mask market are Teleflex Incorporated, Ambu, Medtronic, Thermo Fisher Scientific, Intersurgical, Legend Medical Devices, BD, Vogt Medical, Asid Bonz, Hsiner and Other Prominent Players.
The key opportunities in the market include rising number of surgeries performed globally and growing demand for single-use disposable laryngeal masks from ambulatory surgical centers and hospitals. Technological advancements such as the development of new type of laryngeal masks with improved features is further expected to drive the market growth.
Market Drivers
The global laryngeal mask market is primarily driven by growing geriatric population and rising prevalence of chronic diseases. According to estimates, over 50% of all surgeries are performed on geriatric patients worldwide which significantly contributes to the laryngeal mask demand. Furthermore, increasing number of ambulatory surgical centers especially in developing nations is providing a boost to the market.
Current challenges in the Global Laryngeal Mask Market
The global laryngeal mask market is facing few challenges currently which includes:
– Issues related to improper sizing and lack of proper airway: If the laryngeal mask is not sized properly for the patient, it may result in air leakage or regurgitation of gastric contents. Improper sizing and improper placement can also obstruct the airway.
– Alternative devices availability: There is availability of alternative airway management devices like endotracheal tubes, i-gels, etc. which makes it difficult for laryngeal masks to gain preference.
– Requirement of skilled professionals: Laryngeal masks require proper training to handle and place them correctly. Lack of sufficiently trained professionals can result in improper usage.
SWOT Analysis
Strength: Easy to place without much expertise; Provides effective airway management without use of muscles relaxants.
Weakness: Requires proper sizing; Risk of aspiration if placed incorrectly.
Opportunity: Growing demand for minimally invasive surgeries; Increasing adoption in emergency settings and battle fields.
Threats: Competition from alternative airway devices; Stringent regulatory approvals.
Geographical regions of concentration
North America currently accounts for the largest share of the global laryngeal mask market mainly due to growing number of surgeries and presence of major players. Asia Pacific is expected to witness fastest growth over the forecast period due to expanding healthcare infrastructure, rising medical tourism and increasing disposable incomes.
Fastest growing geographical region
Asia Pacific region is poised to be the fastest growing market for laryngeal masks during the forecast period. Factors such as increasing healthcare spending, large patient population especially in China and India, growing medical tourism are driving the market in this region. Growing economy and improving access to healthcare will continue to support the APAC laryngeal mask market.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it