Dublin, Nov. 10, 2020 (GLOBE NEWSWIRE) -- The "Laryngeal Mask Market Size, Share & Trends Analysis Report by Type (Disposable, Reusable), by Patient (Adult, Children), by End Use (Hospitals & Clinics, ASCs), by Region, and Segment Forecasts, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global laryngeal mask market size is expected to reach USD 789.0 million by 2027 expanding at a CAGR of 6.0%, over the forecast period.
An increase in the number of surgeries that include anesthesia procedures coupled with the rising morbidity related to chronic diseases is the key contributor to market growth.
The key advantages of the product, such as ventilation management during anesthesia, induction, maintenance, & emergence, are anticipated to drive the market growth. Furthermore, the placement of these masks does not require laryngoscopy & muscle relaxants like succinylcholine, which is known to cause postoperative myalgia in certain patients. Hence, the usage of these masks greatly reduces the incidence of postoperative myalgia.
There is an increased demand for disposable devices in critical care units. This can be attributed to the cost-effectiveness, easy assembly, and flexible process designs of these technologies. Such factors are anticipated to increase the demand for disposable laryngeal masks over the forecast period. In addition, the products need smaller footprints and lower investment, as they are simpler and do not require sanitization & cleaning. Factors like these are expected to encourage emerging companies with low capital resources to invest in the market.
Laryngeal Mask Market Report Highlights
- The disposable mask type segment is expected to witness the fastest CAGR of around 6.6% over the forecast period owing to the rising demand for disposable masks in critical care units
- The adult patient segment led the global market in 2019 with a revenue share of over 58% and will retain its dominant position throughout the forecast period
- The hospitals & clinics end-user segment accounted for the largest revenue share of over 60% in 2019
- This higher was attributed to rising awareness and supportive government and favorable reimbursement policies
- Due to the presence of well-established companies and advance healthcare infrastructure, North America was the leading regional market in 2019
- However, Asia Pacific is anticipated to register the fastest CAGR over the forecast period owing to supportive government initiatives & rapidly developing healthcare infrastructure in emerging countries
- Industry players have undertaken several business strategies, such as mergers & acquisitions, collaborative agreements, and geographic expansion, to gain a higher market share
- For instance, in May 2019, Ambu A/S entered into a strategic partnership with Cook Medical; according to which, Cook Medical distributed Ambu's products in the U.S.
Key Topics Covered:
Chapter 1 Research Methodology & Scope
1.1 Market Segmentation & Scope
1.2 Information Procurement
1.3 Information Or Data Analysis
1.4 Market Formulation & Validation
1.5 Model Details
1.6 List Of Secondary Sources
1.7 List Of Primary Sources
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
Chapter 3 Laryngeal Mask Market Variables Trends & Scope
3.1 Technology Trend Analysis
3.2 Pricing Analysis
3.3 New Product Launch
3.4 Regulatory Framework
3.4.1 Standards & Compliances
3.5 Consumer Preference Matrix
3.6 Market Lineage Outlook
3.6.1 Parent Market Outlook
3.6.2 Ancillary Market Outlook
3.7 Penetration & Growth Prospect Mapping By Type, 2019
3.8 Respiratory Disease Prevalence Statistics
3.9 Market Dynamics
3.10 Market Driver Analysis
3.10.1 Increase In Number Of Surgeries Due To Growing Incidence Of Chronic Disorders
3.10.2 High Demand For Disposable Technologies In Critical Care Units
3.10.3 Increase In R&D Investments in the Field Of Surgical Equipment
3.11 Market Restraints Analysis
3.11.1 Lack Of Skilled Professionals in the Undeveloped Regions
3.12 Market Opportunity Analysis
3.12.1 Current and Future Impact Analysis Of Covid-19 Situation
3.13 Market Challenge Analysis
3.13.1 Stringent Regulatory Guidelines
3.14 Laryngeal Mask Market Analysis-Porters
3.15 Laryngeal Masks-Swot Analysis, By Factor (Political & Legal, Economic, Social and Technological)
Chapter 4 Laryngeal Mask Market: Type Estimates & Trend Analysis
4.1 Type Estimate Analysis
4.2 Reusable
4.2.1 Reusable Market Estimates and Forecasts, 2016-2027 (USD Million)
4.3 Disposable
Chapter 5 Laryngeal Mask Market: Patient Estimates & Trend Analysis
5.1 Patient Estimates Analysis
5.2 Children
5.2.1 Children Market Estimates and Forecasts, 2016-2027 (USD Million)
5.3 Adult
5.4 Geriatric
Chapter 6 Laryngeal Mask Market: End-Use Estimates & Trend Analysis
6.1 End-Use Estimates & Trend Analysis
6.2 Hospitals & Clinics
6.2.1 Hospitals & Clinics Market Estimates and Forecasts, 2016-2027 (USD Million)
6.3 Ambulatory Surgical Centers
Chapter 7 Laryngeal Mask Market: Regional Market Analysis, By Type, Patient Type and End-Use 2016-2027 (USD Million)
7.1 Regional Market Share Analysis, 2019 & 2027
7.2 Regional Market Snapshot
7.3 Market Size & Forecasts and Trend Analysis, 2016 To 2027
Chapter 8 Laryngeal Mask Market: Competitive Analysis
8.1 Recent Developments & Impact Analysis, By Key Market Participants
8.2 Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
8.2.1 Market Participation Categorization
8.3 Vendor Landscape
8.4 Public Companies
8.4.1 Company Market Position Analysis
8.4.2 Company Dashboard Analysis
8.4.3 Synergy Analysis: Major Deals & Strategic Alliances
8.5 Private Companies
8.5.1 List Of Emerging Companies
8.5.2 Regional Network Map
Chapter 9 Competitive Landscape
9.1 Company Overview
9.2 Financial Performance
9.3 Product Benchmarking
9.4 Strategic Initiatives
- Teleflex Inc.
- Intersurgical Ltd.
- Dynarex Corp.
- Medtronic Plc
- Ambu A/S
- Hitec Medical Co., Ltd.
- Mckesson Corp.
- Thermo Fisher Scientific, Inc.
- Anandic Medical Systems
- Narang Medical
- Besmed Health Business Corp
- Vogt Medical Vertrieb Gmbh
- Ferno
- Hsiner Co. Ltd
- Legend Medical Devices, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/yxvwkw
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Subscribe via RSS
Dublin, IRELAND
