The global laryngeal mask market involves medical devices used to maintain an open airway during general anesthesia. Laryngeal masks come in various sizes to fit different patients and establish an airway without the use of an endotracheal tube. Procedures involving laryngeal masks are favored for their minimal invasiveness and quick recovery time. The devices provide an alternative to endotracheal intubation during surgical interventions requiring ventilation.
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. Teleflex Incorporated is one of the leading providers of laryngeal masks with its wide product portfolio.
The global laryngeal mask market offers significant growth opportunities owing to the increasing adoption of ambulatory surgical centers. Procedures performed in ambulatory surgical centers require faster recovery times which favor the use of less invasive laryngeal masks over endotracheal tubes.
Major players in the laryngeal mask market are focusing on geographic expansion strategies to capitalize on opportunities in emerging markets. Market leaders are establishing manufacturing and distribution partnerships in Asia Pacific and Latin America with an aim to strengthen their presence in high growth regional markets.
Market Drivers
1) Increase in surgical procedures - The rising disease burden coupled with the growing geriatric population has significantly driven the number of surgical procedures performed worldwide. Since laryngeal masks provide an effective airway management solution with faster recovery, their adoption rate has increased correspondingly.
Market Restraints
1) Availability of alternative airway management devices - Devices like iGel and proseal laryngeal mask airway face competition from advanced endotracheal tubes and supraglottic airway devices. Continuous innovations in rival products pose a challenge for laryngeal mask manufacturers to maintain product differentiation.
Segment Analysis
The global laryngeal mask market can be segmented based on product, size, material, end-user, and region. Based on product, the disposable laryngeal mask segment dominates the market as they prevent the risk of cross-contamination. Based on size, adult and large sized laryngeal masks constitute the largest share due to high prevalence of conditions requiring critical surgeries among adults. Based on material, the oropharyngeal airway segment dominates as it is non-irritant and latex-free to reduce risk of allergic reactions. Based on end-user, hospitals account for the largest share due to high volume of surgeries performed in hospitals.
Global Analysis
Regionally, North America dominates the global laryngeal mask market and is expected to grow at the highest rate during the forecast period. This is attributed to rising prevalence of chronic respiratory diseases and increasing number of surgical procedures in the region. Asia Pacific is expected to witness the highest growth rate over the forecast period owing to increasing healthcare expenditure, more number of hospitals and improved healthcare infrastructure in emerging economies such as China and India. Additionally, growing awareness about advanced airway management devices and rising medical tourism are further expected to support market growth in Asia Pacific.
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