Global Laryngeal Masks Market By Product Type (Single-use Laryngeal Masks and Reusable Laryngeal Masks), End User (Hospitals, Clinics, Nursing Home, Home Care Setting, Ambulatory Surgical Centres and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Laryngeal Masks Market
Data Bridge Market Research analyses that the laryngeal masks market will exhibit a CAGR of around 6.76% for the forecast period of 2021-2028. Increasing incidences of road accidents coupled with coupled with rising geriatric population and increasing personal disposable income, increasing public and private expenditure for the development of healthcare infrastructure especially in emerging economies and growth in the number of surgical procedures are the major factors attributable to the growth of laryngeal masks market. this signifies that the laryngeal masks market value, which was USD 549.09 million in 2020, will rocket up to USD 926.65 million by the year 2028.
Anaesthesia is given to the patients during surgical procedures to develop loss of sensation or loss of consciousness in them. Here arises the need for laryngeal masks. The laryngeal masks are used to give both anaesthetics and oxygen during surgeries to the patients. Also known as laryngeal mask airways (LMAs) or laryngeal airway devices (LADs), the laryngeal masks helps the patient’s airways to remain open during anaesthesia. In other words, the laryngeal masks are used to regulate and control the flow of oxygen and anaesthesia gas in patients. The laryngeal masks medical devices also allow limited intermittent positive pressure ventilation.
Upsurge in the demand for surgical procedures globally is one of the major factors inducing growth in the demand for laryngeal masks medical devices. Rising expenditure for research and development proficiencies coupled with increasing application of laryngeal masks in the surgical and anaesthesia procedures will further generate lucrative and remunerative growth opportunities for the oxygen conservers market. Rising adoption of advanced healthcare technological solutions coupled with rising demand for disposable medical devices will also act as important market growth determinants. Rising geriatric population susceptible to respiratory disorder such as such as, asthma, chronic bronchitis and others will also propel growth in the market value.
However, stringent regulatory policies imposed by the government on such devices will derail the market growth rate. Also, lack of skilled professionals in the undeveloped regions will hamper the market growth rate.
This laryngeal masks market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on laryngeal masks market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Laryngeal Masks Market Scope and Market Size
The laryngeal masks market is segmented on the basis of product type and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- By product type, the global laryngeal masks market is segmented into single-use laryngeal masks and reusable laryngeal masks.
- On the basis of end user, the laryngeal masks market is segmented into hospitals, clinics, nursing home, home care setting, ambulatory surgical centres and others.
Laryngeal Masks Market Country Level Analysis
The laryngeal masks market is analysed and market size insights and trends are provided by country, product type, and end user as referenced above.
The countries covered in the laryngeal masks market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the oxygen conservers market owing to the existence of advanced healthcare solutions coupled with favourable reimbursement scenario in the region. Asia-Pacific on the other hand is projected to undergo the highest growth rate during the forecast period owing to the large patient pool and improving healthcare infrastructure.
The country section of the laryngeal masks market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Laryngeal masks market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for digital health technologies market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the laryngeal masks market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Laryngeal Masks Market Share Analysis
The laryngeal masks market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to laryngeal masks market.
The major players covered in the laryngeal masks market report are Medtronic, Teleflex Incorporated., Intersurgical Ltd, Dynarex Corporation., Ambu A/S., hitecmed.com, Thermo Fisher Scientific Inc., McKesson Corporation, ANANDIC MEDICAL SYSTEMS INC, Narang Medical Limited., Besmed Health Business Corp., VOGT MEDICAL, FERNO, HSINER, Legend Medical Devices, Inc., Cook, Cardinal Health, Medline Industries, Inc., Smiths Group plc and VYAIRE. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.