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The laryngeal airway mask market share is expected to increase to USD 55.56 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.61%.
Chronic diseases like cardiovascular diseases (CVDs) encompass conditions affecting the heart and blood vessels, including coronary heart disease, stroke, peripheral arterial disease, and aortic disease. These ailments often stem from factors such as blood clot risks and fatty deposits in arteries. Risks for CVDs include an inactive lifestyle, aging populations, excessive consumption of saturated fats, tobacco use, hypertension, high cholesterol, diabetes, obesity, lack of exercise, and family history. The Global Burden of Disease (GBD) initiative collaborates internationally to offer consistent estimates of population health by analyzing data on incidence, prevalence, mortality, and health risks.
The market report also offers information on several market companies, including Ambu AS, Besmed Health Business Corp., Dynarex Corp., Flexicare Group Ltd., General Electric Co., Genesis Airway innovations PTY LTD, Henso Medical Hangzhou Co. Ltd., Hsiner Co. Ltd., Informa Plc, Intersurgical Ltd., McKesson Corp., MedSource Labs, Medtronic Plc, Narang Medical Ltd., Poly Medicure Ltd., Sarnova, Smiths Group Plc, Sterimed Group, Teleflex Inc., and Vogt Medical Vertrieb GmbH among others.
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In the realm of medical procedures, laryngeal airway masks have become pivotal tools, particularly in anesthesia procedures and surgical interventions like Caesarean sections and laparoscopic cholecystectomies. With the rise in cancer cases and cardiovascular diseases (CVD), medical staff increasingly rely on these masks for open airway management during critical interventions. The Canadian Medical Protective Association (CMPA) emphasizes the importance of medico-legal data and adherence to anaesthetic recommendations from authorities like the Centers for Disease Control and Prevention (CDC) to mitigate risks. As research and development activities advance, innovations in laryngeal masks aim to address concerns such as aerosol pollution and disease transmission, ensuring safer and more efficient surgical practices.
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41% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets in North America. Market growth in this region will be faster than the growth of the market in Europe and ROW.
The presence of advanced healthcare infrastructure along with the rising prevalence of various chronic disorder will facilitate the market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for companies, which will assist in creating efficient business plans.
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The market share growth by the disposal segment will be significant during the forecast period. It offers a comfortable airway in patients and also eliminates the possibility of disease transmission as they are decomposed after single use. Moreover, laryngeal masks have a comparatively stable intracuff pressure during nitrous oxide anesthesia. Such factors will support the market growth in the segment years.
The utilization of laryngeal masks in anesthesia procedures and surgical interventions is imperative for ensuring open airway management, particularly in scenarios involving adults and children. With the prevalence of chronic diseases and the increased risk of infection associated with aerosol-generating airway interventions, healthcare providers prioritize the use of disposable devices like laryngeal masks to mitigate infection risk and comply with regulatory mandates. Organizations such as the Canadian Medical Protective Association (CMPA) and Healthcare Insurance Reciprocal of Canada (HIROC) emphasize the importance of medico-legal data and adherence to clinical protocols to ensure patient safety during surgical procedures. As healthcare facilities witness an upsurge in cases like cancer and cardiovascular disease (CVD), the demand for effective laryngeal mask airway ventilation systems grows, driving innovation in both disposable and reusable laryngeal masks.The increasing prevalence of chronic disorder is notably driving the market growth, although factors such as the presence of stringent regulations may impede the market growth.
Key Driver
One of the key factors driving the global industry growth is the increasing prevalence of chronic disorder. An unhealthy and sedentary lifestyle, increasing geriatric population, consumption of excessive saturated trans-fat food, tobacco abuse, high blood pressure, smoking, high cholesterol, diabetes, obesity, physical inactivity, and family history of CVD are risk factors for CVD. Prevalent cases of total CVD nearly doubled from 271 million in 1990 to 523 million in 2019, and the number of CVD deaths steadily increased from 12.1 million in 1990, reaching 18.6 million in 2019. According to the US Centers for Disease Control and Prevention (CDC), in 2019, 28.2 million adults were diagnosed with heart disease in the US. Hence, the demand is expected to increase because to treat damaged and diseased heart valves, patients require surgery, which, in turn, will drive market growth during the forecast period.
Latest Trend
The increasing geriatric population is one of the key market trends that is expected to impact the industry positively in the forecast period. According to the National Institutes of Health (NIH), the growth of the geriatric population is increasing the prevalence of cancer. However, it is not just that the global population is rising; it is also rapidly aging, especially in key advanced economies. With life expectancy rising, the proportion of individuals aged 60 years will be 11%, and by 2050, it is expected to rise up to 22%. In the EU, the population of people aged 80 years and above is projected to double between 2013 and 2040. As per The World Bank Group and the NIH, the proportion of the geriatric population in the global population is expected to grow from 8.48% in 2016 to approximately 17% by 2050. Thus, the growth of the geriatric population will drive the growth of the global laryngeal airway market during the forecast years.
Major Challenge
One of the key challenges to global industry growth is the presence of stringent regulations. Under the Federal Food, Drug, and Cosmetic Act (FFDCA) of 1938, medical devices are classified into Class I, Class II, and Class III depending on the degree of risk associated with the use of the device. Such masks are classified under Class II devices with low-to-moderate risks. Hence, companies must obtain premarket notification 510(k) before marketing such devices. In Europe, the EMA regulates medical devices under the European Union (EU) legislation 2017/745, which came into force in May 2017. In China, the National Medical Products Administration (NMPA), previously known as the China Food and Drug Administration (CFDA), regulates medical devices. Thus, manufacturers have to obtain regulatory approval to market their products, causing a delay in the launch of products, thereby affecting the sales and revenues of manufacturers, which will hinder the growth of the global market.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the market growth and trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Our report provides extensive information on the value chain market analysis and report for the market, which companies can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help companies drive costs and enhance customer services during the forecast period.
The market research report analyzes the market's competitive landscape and offers information on several market companies, including:
This statistical study of the market encompasses successful business strategies deployed by the key companies. The market is fragmented and the companies are deploying growth strategies such as investment in R&D activities to compete in the market.
The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
The Market is witnessing significant growth due to the increasing demand for disposable technologies in surgeries and critical care units. Market players like Teleflex Corporation, Medline Industries, Inc., and Besmed Health Business Corporation are innovating in this space, offering advanced products such as the LMA Gastro Airway with Cuff Pilot technology. In healthcare, surgical procedures and anesthesia procedures are integral to patient care, with recent times witnessing an upsurge in their frequency. However, concerns persist regarding disease transmission due to factors like aerosol and direct contact, necessitating measures such as managing intracuff pressure during procedures. Additionally, considerations like cost per patient are crucial, especially given the prevalence of chronic diseases. Addressing challenges associated with nitrous oxide anesthesia usage is also paramount to ensure patient safety and efficacy during surgeries. Collaborative efforts are required to mitigate risks and enhance the overall quality of care in surgical and anesthesia settings.
In healthcare settings, anesthetists rely on specialized equipment like laryngeal masks to facilitate anesthesia procedures for adult patients, particularly during surgical interventions such as Caesarean Section procedures. The prevalence of chronic disorders underscores the importance of cost-effective solutions, with consideration of cost per patient and the utilization of disposable laryngeal masks to minimize infection risk through direct contact and droplets transmission. Healthcare facilities, including hospitals & clinics, prioritize patient safety by implementing clinical protocols recommended by organizations like Medicare and addressing concerns such as Invasive Pneumococcal Disease (IPD) through the use of reusable laryngeal masks that adhere to stringent standards outlined in publications like Clinical Infectious Diseases.
Factors such as anaesthetic recommendations, aerosol pollution concerns, and the rise in surgeries are driving market growth. Research and development activities focused on addressing long-term disorders and infectious diseases are also contributing to market expansion. However, challenges such as stringent regulatory guidelines and the lack of proper healthcare infrastructure in some regions are hindering market growth. Despite these challenges, the market is expected to grow, especially in regions like the United States and Canada, where there is a growing geriatric population and increasing cases of chronic disorders. The market is also witnessing trends towards the use of laryngeal masks in procedures like laparoscopic appendectomy, laparoscopic cholecystectomy, and caesarean sections, indicating a positive outlook for market growth.
Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.61% |
Market growth 2022-2026 |
USD 55.56 million |
Market structure |
Fragmented |
YoY growth (%) |
5.21 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 41% |
Key consumer countries |
US, Canada, UK, Germany, Japan, and China |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Ambu AS, Besmed Health Business Corp., Dynarex Corp., Flexicare Group Ltd., General Electric Co., Genesis Airway innovations PTY LTD, Henso Medical Hangzhou Co. Ltd., Hsiner Co. Ltd., Informa Plc, Intersurgical Ltd., McKesson Corp., MedSource Labs, Medtronic Plc, Narang Medical Ltd., Poly Medicure Ltd., Sarnova, Smiths Group Plc, Sterimed Group, Teleflex Inc., and Vogt Medical Vertrieb GmbH |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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