Market Size of Laryngeal Airway Mask Industry
Study Period | 2021 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 5.50 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Laryngeal Airway Mask Market Analysis
The Laryngeal Airway Mask Market is expected to register a CAGR of 5.5% during the forecast period.
The COVID-19 pandemic is caused by a coronavirus transmitted primarily via droplets, aerosol or direct contact. Numerous anaesthetic recommendations have been made during the coronavirus epidemic; fundamental management principles include safeguarding medical staff and reducing aerosol pollution. Such suggestions and guidelines affected the use of laryngeal masks. However, the initiatives by key market players are expected to increase market growth during the forecast period. For instance, Ambu's press release stated that its anaesthesia business, which consists of laryngeal masks, is expected to return to favourable growth rates in 2021 as the external market conditions improve. Thus, COVID-19 had a significant impact on market growth.
Factors such as the increasing number of surgeries due to the growing burden of chronic disorders and the high demand for disposable technologies in critical care units are expected to increase the market growth. Similarly, the rising incidence of infectious diseases is also expected to contribute to market growth. According to the study published in Clinical Infectious Diseases in February 2022, in April 2021, Invasive Pneumococcal Disease (IPD) levels in children aged 0 to 4 years old began to rebound to baseline levels. By June 2021, they had surpassed them (a 9% increase from the past year). IPD cases increased beyond baseline values in children 5 to 14, adults 15-34, and people 80 years and older beginning in July 2021, with increases beginning in Spring 2021. Such seasonal rises in infectious diseases are also expected to contribute to the growth of the studied market during the forecast period.
Additionally, increasing research and development activities in the United States is responsible for new product development, propelling the market growth. According to the Congressional Research Service, the federal investment for research and development in the United States was USD 132.3 billion in 2021. These factors promote Research & Development in the United States. and are projected to benefit the laryngeal mask industry. The growing geriatric population is fuelling the growth of the laryngeal mask market. Chronic diseases are common in the elderly, which often necessitate surgery. As a result, the number of cases of numerous long-term disorders is expected to rise as the senior population grows. According to a report published by the Population Reference Bureau, the country's aging population will grow from 52 million in 2021 to 98 million by 2060. Thus, the abovementioned factors are expected to increase market growth.
The growth can be attributed to increased product usage during surgeries or anesthesia procedures. The upsurge in the number of surgical procedures, coupled with the increasing demand for disposable devices, is the key driver of the market for laryngeal masks. In addition, the burgeoning prevalence of chronic diseases requiring surgeries and anesthesia fuels product demand, boosting the market growth. For instance, in September 2021, according to medico-legal data provided by the Healthcare Insurance Reciprocal of Canada (HIROC) & Canadian Medical Protective Association (CMPA), more than 1 million surgical procedures were performed yearly in Canada 2021, which drives the demand for laryngeal masks. Thus, it is expected to drive market growth over the forecast period owing to the abovementioned factors.
However, stringent regulatory guidelines and a lack of proper healthcare infrastructures in a few developing economies.
Laryngeal Airway Mask Industry Segmentation
As per the scope of the report, a laryngeal mask airway (LMA), also known as the laryngeal mask, is a single-use or reusable supraglottic airway device that may be used as a temporary method to maintain an open airway. The Laryngeal Airway Mask Market is Segmented by Product Type (Reusable, Disposable), End-user (Hospitals & Clinics, Ambulatory Surgery Centers, and Other End-users), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across the major regions globally. The report offers the value (USD million) for the above segments.
By Product Type | |
Reusable | |
Disposable |
By End-user | |
Hospitals & Clinics | |
Ambulatory Surgery Centers | |
Other End-users |
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Laryngeal Airway Mask Market Size Summary
The laryngeal airway mask market is poised for steady growth, driven by an increasing number of surgical procedures and the rising demand for disposable devices in critical care settings. The market's expansion is further supported by the growing prevalence of chronic diseases, which often necessitate surgical interventions and anesthesia. The COVID-19 pandemic initially impacted market dynamics, but recovery is anticipated as external conditions improve. Key players in the industry are actively working to enhance market growth through innovative product offerings and strategic partnerships. The market is characterized by a competitive landscape with several significant players, although technological advancements and product innovations are enabling mid-size and smaller companies to strengthen their market presence.
In North America, particularly the United States, the laryngeal airway mask market is expected to hold a substantial share due to a well-established healthcare infrastructure and a high prevalence of chronic disorders requiring surgical interventions. The increasing geriatric population and the rising incidence of infectious diseases are also contributing to market growth. Additionally, research and development activities, especially in the United States, are fostering new product developments, further propelling the market. Despite challenges such as stringent regulatory guidelines and inadequate healthcare infrastructure in some developing regions, the market is expected to continue its upward trajectory, driven by the demand for advanced medical devices and the need for improved patient care during surgical procedures.
Laryngeal Airway Mask Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Number of Surgeries Due to Growing Burden of Chronic Disorders
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1.2.2 High Demand for Disposable Technologies in Critical Care Units
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1.3 Market Restraints
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1.3.1 Stringent Regulatory Guidelines
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1.3.2 Lack of Proper Healthcare Infrastructures in Few Developing Economies
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Product Type
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2.1.1 Reusable
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2.1.2 Disposable
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2.2 By End-user
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2.2.1 Hospitals & Clinics
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2.2.2 Ambulatory Surgery Centers
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2.2.3 Other End-users
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Laryngeal Airway Mask Market Size FAQs
What is the current Laryngeal Airway Mask Market size?
The Laryngeal Airway Mask Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)
Who are the key players in Laryngeal Airway Mask Market?
Teleflex Incorporated, Intersurgical Ltd, Medline Industries, Inc, Asid Bonz GmbH and Ambu A/S are the major companies operating in the Laryngeal Airway Mask Market.