The Global Laryngeal Mask Market was valued at $2.3 Billion in 2020. Growing at a high CAGR of more than 10.5% between 2021and 2031, it is estimated to reach $6.9 Million by 2031. However, the current pandemic of COVID-19 might make a slight difference in the growth rate in the present year. Laryngeal masks are also known as laryngeal mask airways or LMAs and laryngeal airway devices or LADs, which is a medical device that helps patient airways remain open in a state of unconsciousness or after administration of anesthesia. The increasing number of surgical methods for treating respiratory conditions such as chronic bronchitis and asthma drive market growth in the coming years. The gradually increasing number of respiratory problems at a global level is expected to drive market growth during the forecast period. Now, moving forward, the robust demand for the Global Laryngeal Mask Market in the healthcare department is further estimated to create new necessities and augment the market of growth over the forecast period of 2021-2031.
Global Laryngeal Mask Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The Laryngeal Mask market is segmented as type and end-user. Based on Type, the global Laryngeal Mask market has been bifurcated as Reusable Anesthesia Laryngeal Mask and Disposable Anesthesia Laryngeal Mask. Based on End-User, the global Laryngeal Mask market has been divided into Hospitals, Clinics, Ambulatory Surgical Centers, and Others.
By Region, North America is Holding the Major Market Share
The Laryngeal Mask Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this, North America has a significant share among those regions. The regional market comprises developing nations whose development rate is faster than most of the developing countries in the world. The availability of advanced technology, experienced and skilled employees, and increasing demand for Laryngeal Mask are the prime factors for the market growth over the region. The rising respiratory, neurological, and orthopedic diseases, which required surgery, increasing awareness among the people about health, and government initiatives are the major factors for the mare growth over the region. Apart from that, North America and Europe are expected to increase the growth rate in the upcoming forecast period of 2021 to 2031.
Major Players in the Global Laryngeal Mask Market
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include GE Healthcare, Medline, Becton, Dickinson Company, Smiths Medical, Kindwell Medical, Hsiner Co., Ltd., Ambu Company, BLS Systems Ltd., Intersurgical Ltd., Drgerwerk AG & Co. KGaA., Vendors covered, Ambu AS, Cardinal Health Inc., Flexicare (Group) Ltd., and Medline Industries Inc. among others.
The Global Laryngeal Mask Market Has Been Segmented into:
Global Laryngeal Mask Market: By Type
Global Laryngeal Mask Market: By End-User
Global Laryngeal Mask Market: By Region