Laryngeal Airway Mask Market - Growth, Trends And Forecasts (2022 - 2027)

Laryngeal Airway Mask Market - Growth, Trends And Forecasts (2022 - 2027)

The Laryngeal Airway Mask Market is expected to register a CAGR of 5.5% during the forecast period. The major factors driving the growth of the market include increasing number of surgeries due to growing burden of chronic disorders and high demand for disposable technologies in critical care units.

Globally, chronic diseases are the most prevalent health condition that involves significant expenditure. The chronic diseases include cancer, diabetes, hypertension, stroke, heart disease, respiratory diseases, arthritis, and obesity., that can lead to hospitalization, long-term disability, reduced quality of life, and even death.

Furthermore, growing geriatric population is anticipated to increase the number of cases of several long-term diseases. According to the UN report 2019, globally, the percentage of older population increased from 6% in 1990 to 9% in 2019. Further, it is projected to grow to 16% by 2050, where one in six people will be aged more than 65 years. The lifestyle changes and ageing population lead to high burden of chronic diseases especially, cancer, ortho and neurological diseases which is expected to increase surgical procedures in the management of the disease and rise demand for laryngeal mask.

In addition, according to the Australian Institute of Health and Welfare, from 2013-14 to 2017-18, the number of surgeries performed observed a rise by 1.7% every year in Australia. Thus, rising number of surgeries is expected to increase demand for laryngeal mask. Thus, owing to above mentioned factors it is expected to drive market growth over the forecast period.

Key Market TrendsDisposable Segment is Expected to Hold a Significant Market Share Over the Forecast Period.

The major factors driving the disposable segment growth include as it offers a comfortable airway in patients while eliminating the possibility of disease transmission as they are not reused. Moreover, these masks have a comparatively stable intracuff pressure during nitrous oxide anesthesia. Such factors are augmenting segment growth. Moreover, rising adoption of this masks is also one factor contributing to the growth.

Rising number of surgical procedures is expected to increase use of disposable laryngeal airway mask. As per the Organisation for Economic Co-operation and Development (OECD) data in 2018, in United Kingdom, around 46,412 Laparoscopic Appendectomy procedures, 83,803 Laparoscopic Cholecystectomy procedures and 208,711 Caesarean Section procedures were being performed.

Furthermore, the market players are focussed on the development of innovative products for providing better patient care. For instance, in January, 2017, Teleflex Corporation launched single use LMA Gastro Airway with Cuff Pilot technology, a laryngeal mask that facilitates esophageal access and promotes airway control during endoscopic procedures in adults. Thus, owing to rising number of surgical procedures along with technological advancements it is expected to drive market growth over the forecast period.

North America Region is Expected to Hold a Major Market Share Over the Forecast Period

In North America region, the United States is expected to hold signifcant market share due to the presence of well-established healthcare infrastructure along with rising prevalence of chronic disorders. For instance, according to the American Heart Association Research report 2018, heart disease accounts for 1 in 7 deaths in the United States. Coronary Heart Disease is the leading cause (43.8%) of deaths attributable to cardiovascular disease (CVD) in the United States, followed by Stroke (16.8%), Heart Failure (9.0%), High Blood Pressure (9.4%), diseases of the arteries (3.1 %), and other cardiovascular diseases (17.9%). Thus, high prevalence of cardiovascular diseases is likely to drive the demand for laryngeal mask as many of the patients require heart surgeries in serious heart conditions. Thus, owing to above mentioned factors, laryngeal airway mask market in the United States is expected to be one of the largest and is also expected to grow in the future.​​

Competitive Landscape

The The Laryngeal Airway Mask Market is consolidated competitive and consists of few major players. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by introducing new products with less prices. Some of the market players include Teleflex Incorporated, Ambu A/S, Intersurgical Ltd, Medline Industries, Inc, Asid Bonz GmbH, Hitec Medical Co., Ltd, Medtronic Plc and others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
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Companies Mentioned
 
Teleflex Incorporated
Ambu A/S
Intersurgical Ltd
Medline Industries, Inc
Asid Bonz GmbH
Hitec Medical Co., Ltd
Medtronic Plc
Besmed Health Business Corporation
Vogt Medical Vertrieb GmbH
Legend Medical Devices, Inc

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