Laryngeal Airway Mask Market Size

Laryngeal Airway Mask Market Analysis

The Laryngeal Airway Mask Market is expected to register a CAGR of 5.5% during the forecast period.

The COVID-19 pandemic is caused by a coronavirus transmitted primarily via droplets, aerosol or direct contact. Numerous anaesthetic recommendations have been made during the coronavirus epidemic; fundamental management principles include safeguarding medical staff and reducing aerosol pollution. Such suggestions and guidelines affected the use of laryngeal masks. However, the initiatives by key market players are expected to increase market growth during the forecast period. For instance, Ambu's press release stated that its anaesthesia business, which consists of laryngeal masks, is expected to return to favourable growth rates in 2021 as the external market conditions improve. Thus, COVID-19 had a significant impact on market growth.

Factors such as the increasing number of surgeries due to the growing burden of chronic disorders and the high demand for disposable technologies in critical care units are expected to increase the market growth. Similarly, the rising incidence of infectious diseases is also expected to contribute to market growth. According to the study published in Clinical Infectious Diseases in February 2022, in April 2021, Invasive Pneumococcal Disease (IPD) levels in children aged 0 to 4 years old began to rebound to baseline levels. By June 2021, they had surpassed them (a 9% increase from the past year). IPD cases increased beyond baseline values in children 5 to 14, adults 15-34, and people 80 years and older beginning in July 2021, with increases beginning in Spring 2021. Such seasonal rises in infectious diseases are also expected to contribute to the growth of the studied market during the forecast period.

Additionally, increasing research and development activities in the United States is responsible for new product development, propelling the market growth. According to the Congressional Research Service, the federal investment for research and development in the United States was USD 132.3 billion in 2021. These factors promote Research & Development in the United States. and are projected to benefit the laryngeal mask industry. The growing geriatric population is fuelling the growth of the laryngeal mask market. Chronic diseases are common in the elderly, which often necessitate surgery. As a result, the number of cases of numerous long-term disorders is expected to rise as the senior population grows. According to a report published by the Population Reference Bureau, the country's aging population will grow from 52 million in 2021 to 98 million by 2060. Thus, the abovementioned factors are expected to increase market growth.

The growth can be attributed to increased product usage during surgeries or anesthesia procedures. The upsurge in the number of surgical procedures, coupled with the increasing demand for disposable devices, is the key driver of the market for laryngeal masks. In addition, the burgeoning prevalence of chronic diseases requiring surgeries and anesthesia fuels product demand, boosting the market growth. For instance, in September 2021, according to medico-legal data provided by the Healthcare Insurance Reciprocal of Canada (HIROC) & Canadian Medical Protective Association (CMPA), more than 1 million surgical procedures were performed yearly in Canada 2021, which drives the demand for laryngeal masks. Thus, it is expected to drive market growth over the forecast period owing to the abovementioned factors.

However, stringent regulatory guidelines and a lack of proper healthcare infrastructures in a few developing economies.