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A laryngeal mask is a device that keeps a patient's airway open during unconsciousness or anaesthesia delivery. It is a type of supraglottic airway device. These devices are mostly used by anaesthetists to deliver anaesthesia gas or oxygen to a patient's lungs during surgery when the patient is unconscious. Factors such as rise in number of surgical interventions across the globe, growth in geriatric population, increasing incidence of chronic diseases are responsible for the considerable growth of the laryngeal masks market. Additionally, growing demand for disposable technology is another factor supporting market growth. Moreover, rising awareness among the population about the associated benefits of such medical devices has further surged demand for the product across the emerging nations. However, lack of skilled professionals in the undeveloped regions such as, Africa and South America is expected to restrain the market growth.
Key Market Driver -
Rising prevalence of chronic diseases, growing number of surgical interventions
Key Market Restraint -
Lack of awareness coupled with dearth of skilled professionals in the emerging economies
Globally, the laryngeal masks market can be segmented on the basis of the product type, end user, and region. Based on the product type, the market can be segmented into reusable laryngeal mask and disposable laryngeal mask. Based on end user, the market can be segmented into hospitals & clinics, diagnostic centers, ambulatory surgery centers, and others. Geographically, the laryngeal masks market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Some of the major companies that are present in the laryngeal masks market are GE Healthcare, Medline, Becton, Dickinson Company, Smiths Medical, Kindwell Medical, Hsiner Co., Ltd., Ambu Company, BLS Systems Ltd. and other prominent players.
Geographically, the laryngeal masks Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is anticipated to account for majority of the share of the laryngeal masks market owing to the rising geriatric population and growing burden of chronic diseases, and presence of major market players. Europe is expected to hold the second largest market share during the forecast period. Increasing initiatives by the market players such as strategic partnerships and distribution agreements between major players and highly aware population is likely to fuel the market growth in this region. On the other hand, Asia Pacific is expected to grow with the highest growth rate during the forecast period owing to growing geriatric population, rising number of market plyers focusing on the launch of such products in the untrodden economies of the region. The market in Latin America and the Middle East & Africa are expected to showcase substantial growth during the forecast period.
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