by The global laryngeal mask market comprises devices that are used as an alternative to endotracheal intubation for maintaining a patient’s airway during surgery or procedures requiring general anesthesia. Laryngeal masks, commonly known as LMAs, are inserted through the mouth into the hypopharynx and form a low-pressure seal around the laryngeal inlet allowing for both ventilation and placement of a gastric tube. Advantages of laryngeal masks over endotracheal tubes include reduced risk of trauma, faster insertion time, and avoiding the need for laryngoscopy and visualization of vocal cords. With safer intubation and growing preference for LMAs among physicians, the demand for laryngeal masks is increasing significantly.
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: 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.
Key opportunities: Growing demand for laryngeal airway masks from ambulatory surgical centers and emergency units coupled with ongoing product innovations and launches present key growth opportunities in the market.
Global expansion: Key players are expanding their global footprint by entering new markets and enhancing their distribution networks across Asia Pacific, Latin America, and Middle East & Africa to tap higher growth opportunities in emerging economies.
Market drivers: Increasing number of surgical procedures performed worldwide along with growing preference for laryngeal masks over endotracheal tubes owing to advantages such as reduced risk of trauma is a major market driver fueling the demand for laryngeal masks.
PEST Analysis
Political: The laryngeal mask market is regulated by various government and regulatory bodies related to product approval and manufacturing processes. Changes in these regulations can impact the market.
Economic: Economic growth and rise in per capita income increase healthcare spending which drives the demand for laryngeal masks used in surgical procedures.
Social: Increase in lifestyle diseases and road accidents have resulted in growing number of surgical procedures using laryngeal masks thereby propelling the market growth.
Technological: Advancements in material sciences have led to development of newer generation laryngeal masks with improved patient safety, efficacy and comfort. Some manufacturers are also focusing on incorporation of single use disposable laryngeal masks.
The geographical regions where the global laryngeal mask market is concentrated in terms of value are North America and Europe. The high medical spending and sophisticated healthcare infrastructure in these regions drive the demand for laryngeal masks.
The Asia Pacific region is poised to be the fastest growing market for laryngeal masks during the forecast period. This can be attributed to factors like rising healthcare expenditure, growing geriatric population, increasing number of surgeries and rapidly developing healthcare systems across countries like China and India.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
