#Airway Stent/Lung Stent Market Share
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Pioneering Respiratory Technology: Advancements in Lung Stent Design
According to the report, the global lung stents market is expected to grow steadily at a compound annual growth rate (CAGR) of over 5% during the forecast period of 2022-2028. The market, which was valued at approximately USD 100 million in 2022, is projected to reach nearly USD 150 million by 2028.
What Are Lung Stents?
Lung stents are small, tube-like medical devices inserted into the airways (trachea or bronchi) to help keep them open and allow for better airflow in patients with respiratory issues such as lung cancer, chronic obstructive pulmonary disease (COPD), or tracheal stenosis. These stents help prevent airway collapse or blockages, offering relief from breathing difficulties and improving the quality of life for patients.
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Market Dynamics and Growth Drivers
Several factors are contributing to the growth of the global lung stents market:
Rising Prevalence of Respiratory Diseases: The increasing incidence of respiratory conditions such as lung cancer, COPD, and asthma is driving the demand for lung stents. Aging populations and high smoking rates in many regions are also contributing to the rise in respiratory health issues, increasing the need for stent placement.
Advancements in Stent Technology: Technological advancements in lung stents, such as the development of more flexible, biocompatible, and drug-eluting stents, are improving patient outcomes and expanding their applications. These innovations are expected to drive market growth as they reduce complications and improve stent durability.
Increasing Demand for Minimally Invasive Procedures: Lung stents are often placed through minimally invasive bronchoscopic procedures, which are gaining popularity due to faster recovery times, reduced hospital stays, and fewer complications. This shift toward minimally invasive treatments is contributing to the growth of the lung stents market.
Growing Awareness and Accessibility: Increased awareness of respiratory health conditions and the availability of treatment options, especially in emerging markets, is also fueling the market. Governments and healthcare organizations are investing in improving respiratory care, further supporting market expansion.
Regional Analysis
North America: North America is expected to hold a significant share of the global lung stents market due to its advanced healthcare infrastructure, high prevalence of respiratory diseases, and strong focus on research and development. The U.S. is the largest market in this region, driven by increasing healthcare expenditure and growing awareness of respiratory therapies.
Europe: Europe is another key market for lung stents, with countries such as Germany, France, and the U.K. leading in terms of adoption. The region benefits from strong healthcare systems, regulatory support for medical devices, and rising demand for minimally invasive procedures.
Asia-Pacific: The Asia-Pacific region is expected to experience rapid growth in the lung stents market due to the increasing prevalence of respiratory diseases, expanding healthcare infrastructure, and growing demand for advanced treatments. China and India are major contributors to the region's growth, driven by their large populations and rising healthcare investments.
Latin America and Middle East & Africa: These regions are gradually seeing growth in the lung stents market, particularly as healthcare access improves and awareness of respiratory diseases increases. Brazil, Mexico, and South Africa are among the key markets in these regions.
Competitive Landscape
The global lung stents market is competitive, with key players focusing on product development, regulatory approvals, and strategic partnerships to expand their market share. Major companies in the lung stents market include:
Boston Scientific Corporation: A leading player in the medical devices market, Boston Scientific offers a range of stents, including advanced stent solutions for respiratory conditions.
Cook Medical: Known for its innovative bronchoscopic and airway stents, Cook Medical has a strong presence in the lung stents market.
Merit Medical Systems: A key provider of minimally invasive treatment options, Merit Medical offers a variety of stents for airway management.
Novatech SA: Specializing in stents for respiratory and thoracic applications, Novatech is a prominent player in the lung stents market.
Taewoong Medical Co., Ltd.: Known for its development of high-quality stents, Taewoong Medical is a significant player in the Asian market and beyond.
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Challenges and Opportunities
Despite the positive growth trajectory, the lung stents market faces challenges such as the high cost of advanced stents and procedures, limited reimbursement policies in certain regions, and the risk of complications like infection or stent migration. However, these challenges present opportunities for companies to innovate and improve the safety and effectiveness of their stent products.
Additionally, the growing focus on personalized medicine and patient-specific stent designs could drive future advancements in the market. As healthcare systems continue to improve and access to treatment expands in emerging markets, the demand for lung stents is expected to increase further.
Conclusion
The global lung stents market is poised for steady growth over the forecast period, driven by the rising prevalence of respiratory diseases, advancements in stent technology, and increasing demand for minimally invasive procedures. With revenue expected to reach nearly USD 150 million by 2028, the market offers significant opportunities for innovation and investment, particularly in emerging regions where access to advanced respiratory care is expanding. As healthcare systems prioritize respiratory health, lung stents will remain a crucial tool in improving patient outcomes and quality of life.
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Airway Stent / Lung Stent Market to Witness Excellent Revenue Growth Owing to Rapid Increase in Demand
The airway stents is the tube-like structure with with a hollow lumen is introduced in the respiratory airway to open the narrowed airway passage. It is also known as the tracheobronchial prostheses that supports the airway passage. Airway stenting is the palliative therapy for the population suffering from central airway obstruction (CAO) due to malignant lesion, obstructive tracheobronchial diseases, tracheobronchomalacia, relapsing polychondritis, and other reasons. External compression of the airway passage due to lymph nodes or metastatic disease results in obstruction of central airway pipe. These are available in rigid and flexible materials such as metals and silicon.
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Latest released the research study on Global Airway Stent / Lung Stent Market, offers a detailed overview of the factors influencing the global business scope. Airway Stent / Lung Stent Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Airway Stent / Lung Stent The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are Boston Scientific (United States), BD (United States), Taewoong Medical (South Korea), Micro-Tech (Nanjing) (China), Teleflex (United States), Merit Medical Systems (United States), Cook Group (United States), Novatech SA (France), Endo-Flex (Germany), M.I. Tech (South Korea),
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Non-Vascular Stents Market is expected to be valued at US$ 1.9 billion by 2032 | FMI
The Non-Vascular Stents Market is expected to grow at a CAGR of 4.5% over the anticipated timeframe. (2022 – 2032). In 2022, it is projected that the industry will be worth US$ 1.21 billion, and by 2032, it will be worth US$ 1.9 billion.
The global non-vascular stents market is expected to move forward in response to the growing demand for minimally-invasive procedures. Rising technological and material advancements are assisting in the development of specially designed stents for use in a variety of indications thereby fueling the overall non-vascular stents market growth.
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Non-vascular stents use small, precise incisions, resulting in scars that are smaller and less visible than those left by traditional surgical techniques, putting the patient’s safety in jeopardy. Such surgery is associated with a faster recovery period, resulting in a shorter hospital stay for the patient, encouraging many to opt for the same.
Furthermore, patients are less likely to contract hospital-acquired illnesses like bloodstream infections and urinary tract infections if they stay in the hospital for a shorter period of time, in turn, propelling the demand for non-vascular stents.
The most visible and prominent factor spiking the sales of non-vascular stents is a surge in cases of chronic obstructive pulmonary disease (COPD), which is caused by smoking, lung cancer, tracheobronchial malacia, and chemical exposure.
Numerous innovations are taking place in the non-vascular stents market as new medical devices are developed to track gastrointestinal tract, urinary tract, and airway tract.
Non-vascular stents market trends are fostered by rising healthcare spending in developing countries, government and private insurance companies’ helpful medical reimbursement policies, and the proliferation of hospitals and ambulatory surgical centers.
The non-vascular stents market is segmented by product type and by region, where by product type, the market is divided into gastrointestinal stents, pulmonary stents, urological stents, and others.
Non-vascular implants are medical devices designed to keep open and support non-vascular structures within the body. Unlike vascular stents, which are used to treat blockages in blood vessels, non-vascular stents are used to treat a variety of conditions in other parts of the body.
Key Takeaways:
Based on product type, the urological stents segment is likely to dominate the non-vascular stents market with a CAGR of 4.3% through 2032.
The US non-vascular stents market is expected to capture a sizeable non-vascular stents market share accounting for around US$659.1 million by 2032.
By 2032, the UK non-vascular stents market is expected to be valued at US$ 80.6 million, growing at a CAGR of 3.3%.
With a CAGR of 3.6% during the forecast period, China non-vascular stents market size is predicted to be apprised at US$ 128.1 million by 2032.
The Japan non-vascular stents market, with a CAGR of 3.9%, is projected to garner a worth of US$ 109.8 million by 2032.
Key Players:
Medtronic plc.
Glaukos Corporation
Boston Scientific Corporation
ELLA – CS, s.r.o.
CONMED Corporation
Key Segments
By Product:
Gastrointestinal Stents
Biliary
Duodenal
Colonic
Pancreatic
Oesophageal Stents
Pulmonary Stents
Silicone Airway
Metallic Airway
Urological Stents
Others
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Companies Competing in the Airway Stent/Lung Stent Market
Tracheobronchial (airway) stents are those devices utilized to splint narrowed airways open. The narrow or stenotic, airways result from abnormal granulation tissue, metastatic cancers, lung cancer, tuberculosis, infections, lymphoma, or other inflammatory diseases. Stents are somewhat cylindrical in shape and also can be deployed by a bronchoscope. Furthermore, there are various materials that can be used in stents, with different stents having different disease indications. Airway stents can be of two types, permanent or removable. These can be used after the pulmonary physician applies electrocautery, laser, balloon dilatation, or APC to increase the size of airway narrowing. By placing a stent, the airways remain open, allowing adequate airflow and the standard passage of secretions.
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COVID-19 scenario analysis:
The need for care of infected population by assisting with management of the infection with medical supplies is increasing. The respiratory support devices such as the atomizers, life-support machine, the oxygen generators, and the monitors are among the majorly used medical devices in clinical treatment.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Rise in prevalence of respiratory disorders globally and increase in preference for minimally invasive procedures drives the market growth. Furthermore, surge in demand for customized lung stents with the development of biodegradable and drug-eluting stents offers lucrative growth opportunities for the players in the industry. However, rise in availability of alternative treatment may hinder the growth of the industry in the near future.
New product advancements to flourish the market
The launch of new products according to the key market players would help the market gain a lucrative growth in the forecast period. For instance, in January 2020, the U.S. Food and Drug Administration (FDA) had cleared the patient-specific airway stents. The stents are used to help in keeping open the airways of patients who are suffering with serious breathing disorders, such as those caused by tumors, inflammation, trauma or other masses. Until now, the patient-specific devices were being implanted under FDA’s
Surge in mergers and acquisitions to boost the market
The growth in the number of mergers and acquisition would propel the market in the coming years. For instance, in June 2018, Cook Medical had partnered with Taewoong Medical in order to distribute a selection of stents in to the United States. The new partnership includes the Niti-S through the Scope (TTS) Esophageal Stent, which is the flagship product of the South Korean company’s Niti-S Self-Expandable line of metal GI stents. Cook Medical will begin distributing the Taewoong portfolio.
Key benefits of the report:
This study presents the analytical depiction of the global airway stent/lung stent industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Airway Stent/Lung Stent market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Airway Stent/Lung Stent market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global Airway Stent/Lung Stent market analysis based on competitive intensity and how the competition will take shape in coming years.
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#Airway Stent/Lung Stent Market#Airway Stent/Lung Stent Market Size#Airway Stent/Lung Stent Market Share#Airway Stent/Lung Stent Market Forecast
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Airway or Lung Stents Market is estimated to value over USD 125 Million by 2029 end and register a CAGR of over 6.2% during the forecast period 2020 to 2029.
Based on the type of product, the market is bifurcated into tracheobronchial stents and laryngeal stents. The tracheobronchial stents segment dominates the market owing to a rising number of patients suffering from lung cancer and other chronic respiratory diseases. On the basis of the type of material, the market is categorised as metal stents, nitinol stents, stainless steel stents, silicone stents, hybrid stents and other stents. Metal stents segment dominated the market in 2018 owing to the advantages associated with them like thinner walls in comparison with silicone lung stents, ease of insertion, ability to adapt the twisted airway and a lower risk of migration or dislodgement.
#Airway or Lung Stents Market Size#Airway or Lung Stents Market Share#Airway or Lung Stents Market Trends
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Stents Market Analysis, Opportunity and Forecast 2020 to 2030
Global Stents Market: Snapshot
The lifesaving function of stents, which are small mesh tubes inserted inside blocked arteries to open up the passage for blood to travel from the heart to other parts of the body, have resulted in their swift sales.
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Majorly fuelling demand for stents, globally, are the rising occurrence of cardiovascular diseases, alarming increase in cholesterol levels, and rising prevalence of respiratory disorders. Further, rise in unhealthy eating habits such as smoking, alcohol intake and sedentary lifestyles, all of which up instances of cardiovascular disorders, are also serving to boost demand in the market. Obesity and hypertension are some other health conditions associated with the blockage of the arteries.
Posing a challenge to the sales of stents, on the other hand, are the risks pertaining to their insertion. This is because, they can result in blood clots, soreness, allergic reactions, infection of the vessel, re-narrowing of an artery, and development of kidney stones on using a stent in the ureters.
From a geographical standpoint, North America and Europe are major markets for stents because of new varieties such as bioresorbable stents gaining traction in the region. In Asia Pacific, Japan, India, Australia, and China are primarily powering growth on account of their gradually increasing healthcare infrastructure, helpful government regulations and policies, and prevalence of cardiovascular diseases.
Medtronic, Inc., OrbusNeich, Eurocor GmbH, Cordis Corporation, Sahajanand Medical Technologies Pvt. Ltd., Micell Technologies, Inc., MIV Therapeutics, Inc., Bioring SA, Abbott Laboratories, and Boston Scientific Corporation are to name a few prominent vendors of stents in the global market.
Global Stents Market: Overview
Stents are tiny tubes that doctors can insert into a blocked passage to keep it open, so as to facilitate the flow of fluids such as blood. Made of plastic, fabric, or metal, stents are needed when plaque, a substance made of cholesterol, attaches itself to the walls of a blood vessel. An emergency procedure may also require a stent if an artery of the heart is blocked. Apart from blood vessels, stents also aid in the opening of bile ducts, airways of the lungs, and tubes that carry urine to the bladder from the kidney.
Global Stents Market: Key Trends
Increasing incidence of cardiovascular diseases, high levels of cholesterol, and growing prevalence of respiratory disorders are some of the prominent growth drivers of the global stents market. Growing adoption of unhealthy lifestyles and eating habits, along with harmful practices such as smoking, drinking alcohol, and lack of physical activity have been the major reasons for increased prevalence of cardiovascular disorders. Obesity and hypertension are some other health conditions associated with the blockage of the arteries.
On the other hand, the growth of the global market for stents might be restricted on account of the risks associated with the inserting of stents, such as soreness, blood clots, allergic reactions, infection of the vessel, re-narrowing of an artery, and development of kidney stones on using a stent in the ureters. However, the risks of not using a stent outweigh the risks of getting one, because blocked blood vessels and limited blood supply can have life-threatening consequences. The coronary stents segment is likely to present considerable opportunities, with the bioabsorbable or bioresorbable stents commanding maximum share.
Global Stents Market: Market Potential
The increasing number of approvals of new stents worldwide is expected to result in better patient outcomes, thereby raising the demand for stents. For instance, in March 2017, CeloNova BioSciences, Inc. achieved the approval of the U.S. Food and Drug Administration (FDA) for its nano-coated coronary stent system, COBRA PzF.
The Health Ministry of India approved the nation’s premier locally made naturally dissolving stent, ‘MeRes100’, developed by Meril Life Science, a Gujarat-based company. Also known as bioresorbable cardiac scaffold, these stents are made from a material that gets absorbed by the body and disappears gradually over a period of three years. Before Meril Life Science, Abbot India came up with its ‘Absorb’ stents in 2012.
In India, the price of coronary stents has been reduced by almost 85% by the government. A drug eluting stent, which was previously priced between Rs.40000 – Rs.170000, will now be made available at Rs.29600. This development will boost the deployment of previously expensive stents such as bioabsorbable vascular stents (BVS) in India to a significant degree.
Global Stents Market: Regional Outlook
Based on geography, the global market for stents can be segmented into Asia Pacific, Europe, North America, and the Rest of the World (RoW). The rising geriatric population worldwide has led to a rising frequency of various diseases that require stents for their treatment. As a result, the demand for stents will rise substantially.
The countries in North America and Europe are expected to represent a significant share in the global stents market owing to the rising awareness about the benefits of bioresorbable stents. The stents markets in India, Japan, Australia, and China are likely to expand steadily as rising healthcare infrastructure, beneficial government regulations and policies, and rising incidence of cardiovascular diseases are accelerating the demand in these regions.
Global Stents Market: Competitive Analysis
Some of the major companies operating in the global stents market are Medtronic, Inc., OrbusNeich, Eurocor GmbH, Cordis Corporation, Sahajanand Medical Technologies Pvt. Ltd., Micell Technologies, Inc., MIV Therapeutics, Inc., Bioring SA, Abbott Laboratories, and Boston Scientific Corporation.
The global stents market appears to be highly fragmented in terms of competition. Several leading companies at the global as well as regional levels have been adopting business strategies such as mergers, partnerships, and acquisitions to make a mark in the market.
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Interventional Pulmonology Market Trends and Growth Factors Analysis
Interventional Pulmonology Market: Introduction
According to the report, the global interventional pulmonology market was valued over US$ 3 Bn in 2020 and is projected to expand at a CAGR of ~9% from 2021 to 2031. Interventional pulmonology uses endoscopy and other tools to diagnose and treat conditions in the lungs and chest by using minimally invasive techniques. Rise in prevalence of respiratory disorders, increase in geriatric population, and surge in incidence of diseases that require endoscopic ultrasound procedures are the major factors anticipated to drive the global interventional pulmonology market during the forecast period.
North America held a major share of the global interventional pulmonology market in 2020 due to the high demand for interventional pulmonology devices. Additionally, technological advancements drive demand for interventional pulmonology devices, which is expected to augment the market in the region. The interventional pulmonology market in Asia Pacific is likely to expand at a high CAGR of 9.43% from 2021 to 2031 due to increase in acceptance of technological platforms across various fields.
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Respiratory Endotherapy Devices Dominate Global Market
In terms of product type, the global interventional pulmonology market has been classified into bronchoscopes, electromagnetic navigation bronchoscopy systems, pleuroscopes, respiratory endotherapy devices, airway stents, pleural catheters, endobronchial valves, and bronchial thermoplasty systems. The respiratory endotherapy devices segment dominated the global interventional pulmonology market in 2020 and the trend is projected to continue during the forecast period. Respiratory endotherapy devices are used for bronchoscopic or endoscopic diagnostics and surgery. Devices used in endotherapy include biopsy forceps, cytology brushes, aspiration needles, electrosurgery snares, and foreign body removal tools, guide sheaths, and other similar devices used for respiratory endotherapy procedures.
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Asthma Held Major Share of Interventional Pulmonology Market
Based on indication, the global interventional pulmonology market has been categorized into asthma, COPD, lung cancer, tracheal & bronchial stenosis, and others. The asthma segment held major share of the global interventional pulmonology market in 2020. Asthma affects all age groups, but often starts in the childhood. It is a disease characterized by recurrent attacks of breathlessness and wheezing, which vary in severity and frequency from person to person. In an individual, it could occur from hour to hour and day to day.
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Hospitals to be Most Promising End User
In terms of end user, the global interventional pulmonology market has been divided into hospitals, ambulatory surgical centers, diagnostic centers, specialty clinics, and others. The hospitals segment held a major share of the global interventional pulmonology market in 2020.
North America to Dominate Global Market; Asia Pacific to Offer Significant Opportunities
In terms of region, the global interventional pulmonology market has been segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is anticipated to account for a leading share of the global interventional pulmonology market during the forecast period. The interventional pulmonology market in Asia Pacific is expected to grow at a rapid pace in the near future. India and China are likely to be lucrative markets for interventional pulmonology during the forecast period.
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Growth Strategies of Key Players
Key players operating in the global interventional pulmonology market are Argon Medical, Body Vision Medical Ltd., Boston Scientific Corporation, C. R. Bard, Inc. (Becton, Dickinson and Company), CONMED Corporation, Cook, ENDO-FLEX GmbH, Fujifilm Corporation, KARL STORZ SE & Co. KG, Medtronic, Olympus Corporation, Pennine Healthcare, PENTAX Medical, Pulmonx Corporation, Richard Wolf GmbH, Rocket Medical plc., TAEWOONG, and Vygon, among others. These companies engage in research & development to develop novel products in order to expand product offerings and customer base.
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Airway Stent/Lung Stent Market is expected to reach $120 Million by 2024.
According to the new market research report " Lung Stent Market by Type (Tracheal, Bronchial, Laryngeal Stent), Product (Non-Expandable, Self-Expandable Stents), Material (Metal (Nitinol, Stainless Steel), Silicone, Hybrid), End User (Hospitals, ASCs) - Global Forecast to 2024", published by MarketsandMarkets™, the Airway Stent/Lung Stent Market is projected to reach USD 120 million by 2024 from USD 87 million in 2019, at a CAGR of 6.7%. Factors such as the rise in the prevalence of lung cancer & chronic respiratory diseases and the growing preference of minimally invasive procedures are expected to drive the growth of the airway/lung stent market. The need for customized lungs stents and the ability to currently print the stents using 3D printing techniques are expected to create growth opportunities for this market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=32315890 The tracheobronchial stents segment is expected to account for the largest share of the Airway Stent/Lung Stent Market in 2019. Based on type, the Airway Stent/Lung Stent Market is categorized into tracheobronchial and laryngeal stents. In 2019, the tracheobronchial segment is expected to account for the largest share of the airway/lung stent market. The large share of this segment can be attributed to the high adoption of tracheal and bronchial stents in the treatment of lung cancer and other chronic respiratory diseases. By material, the metal stents segment is estimated to account for the largest share of the Airway Stent/Lung Stent Market in 2019. Based on the materials used to manufacture airway/lung stents, the market is segmented into metal, silicone, and hybrid stents. Certain advantages associated with metal stents, such as ease of insertion, thinner walls as compared to silicone lung stents, a lower risk of dislodgment or migration, and ability to adapt to the twisted airway are driving the growth of this segment. The self-expandable stents segment is estimated to hold the largest share of the Airway Stent/Lung Stent Market in 2019. Based on the product, the Airway Stent/Lung Stent Market is segmented into expandable and non-expandable stents. Of this, the expandable stents segment is estimated to hold a larger share of the market in 2019, due to the higher preference of these stents by surgeons due to advantages such as easy insertion in bronchoscopy procedures, lower risks of stent-induced complications, small size, and their easy removal. Hospitals will account for the largest share of the Airway Stent/Lung Stent Market in 2019. Based on end user, the Airway Stent/Lung Stent Market is segmented into hospitals and ambulatory surgical centers. In 2019, the hospitals segment will dominate the airway/lung stents market. The growing number of hospitals, increasing cases of lung cancer & other chronic airway diseases treated in hospitals, growth in the healthcare sector in emerging economies, and the increasing out-of-pocket healthcare expenditure across the globe are the key factors driving the demand for airway/lung stents in hospitals. Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=32315890 North America is expected to dominate the market in 2019 In 2019, North America is estimated to account for the largest share of the airway/lung stent market, followed by Europe. The dominant share of North America is attributed mainly to the presence of several large hospitals, robust healthcare infrastructure, rising prevalence of diseases, growing geriatric population, and the rising healthcare expenditure. The key players operating in the Airway Stent/Lung Stent Market include Boston Scientific Corporation (US), Taewoong Medical Co., Ltd. (South Korea), Micro-Tech (Nanjing) Co., Ltd. (China), Novatech SA (France), Boston Medical Products, Inc. (US), E. Benson Hood Laboratories, Inc. (US), Merit Medical Systems, Inc. (US), Cook Group (US), EFER ENDOSCOPY (France), ENDO-FLEX GmbH (Germany), Standard Sci. Tech Inc. (South Korea), and Stening SRL (Argentina), among
others.
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Airway Stent/Lung Stent Market Worth $120 Million by 2024
According to the new market research report "Airway Stent/Lung Stent Market by Type (Tracheal, Bronchial, Laryngeal Stent), Product (Non-Expandable, Self-Expandable Stents), Material (Metal (Nitinol, Stainless Steel), Silicone, Hybrid), End User (Hospitals, ASCs) - Global Forecast to 2024", published by MarketsandMarkets™, the Airway Stent/Lung Stent Market is projected to reach USD 120 million by 2024 from USD 87 million in 2019, at a CAGR of 6.7%.
Browse in-depth TOC on "Airway Stent/Lung Stent Market"
137 – Tables
34 – Figures
164 – Pages
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Factors such as the rise in the prevalence of lung cancer & chronic respiratory diseases and the growing preference of minimally invasive procedures are expected to drive the growth of the airway/lung stent market. The need for customized lungs stents and the ability to currently print the stents using 3D printing techniques are expected to create growth opportunities for this market.
The tracheobronchial stents segment is expected to account for the largest share of the Airway Stent/Lung Stent Market in 2019.
Based on type, the Airway Stent/Lung Stent Market is categorized into tracheobronchial and laryngeal stents. In 2019, the tracheobronchial segment is expected to account for the largest share of the airway/lung stent market. The large share of this segment can be attributed to the high adoption of tracheal and bronchial stents in the treatment of lung cancer and other chronic respiratory diseases.
By material, the metal stents segment is estimated to account for the largest share of the Airway Stent/Lung Stent Market in 2019.
Based on the materials used to manufacture airway/lung stents, the market is segmented into metal, silicone, and hybrid stents. Certain advantages associated with metal stents, such as ease of insertion, thinner walls as compared to silicone lung stents, a lower risk of dislodgment or migration, and ability to adapt to the twisted airway are driving the growth of this segment.
The self-expandable stents segment is estimated to hold the largest share of the Airway Stent/Lung Stent Market in 2019.
Based on the product, the Airway Stent/Lung Stent Market is segmented into expandable and non-expandable stents. Of this, the expandable stents segment is estimated to hold a larger share of the market in 2019, due to the higher preference of these stents by surgeons due to advantages such as easy insertion in bronchoscopy procedures, lower risks of stent-induced complications, small size, and their easy removal.
Hospitals will account for the largest share of the Airway Stent/Lung Stent Market in 2019.
Based on end user, the Airway Stent/Lung Stent Market is segmented into hospitals and ambulatory surgical centers. In 2019, the hospitals segment will dominate the airway/lung stents market. The growing number of hospitals, increasing cases of lung cancer & other chronic airway diseases treated in hospitals, growth in the healthcare sector in emerging economies, and the increasing out-of-pocket healthcare expenditure across the globe are the key factors driving the demand for airway/lung stents in hospitals.
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North America is expected to dominate the market in 2019
In 2019, North America is estimated to account for the largest share of the airway/lung stent market, followed by Europe. The dominant share of North America is attributed mainly to the presence of several large hospitals, robust healthcare infrastructure, rising prevalence of diseases, growing geriatric population, and the rising healthcare expenditure.
The key players operating in the Airway Stent/Lung Stent Market include Boston Scientific Corporation (US), Taewoong Medical Co., Ltd. (South Korea), Micro-Tech (Nanjing) Co., Ltd. (China), Novatech SA (France), Boston Medical Products, Inc. (US), E. Benson Hood Laboratories, Inc. (US), Merit Medical Systems, Inc. (US), Cook Group (US), EFER ENDOSCOPY (France), ENDO-FLEX GmbH (Germany), Standard Sci. Tech Inc. (South Korea), and Stening SRL (Argentina), among others.
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Non-vascular Stents Market Analysis, Segments, Top Key Players, Drivers and Trends by Forecast to 2025
9th July 2021 – The global Non-Vascular Stents Market size is expected to value at USD 1.4 billion by 2025. The market is subject to witness a substantial growth due to the increase in geriatric population, upsurge in incidences related to chronic disorders, and rise in healthcare expenditure by local governments. Furthermore, growing importance towards minimally invasive surgeries across the globe is expected to drive growth of the market in upcoming years.
Increasing incidences related to the gastrointestinal cancer across the globe, is further propelling demand for non-vascular stents. Increase in the number of patients diagnosed with cancer are significantly influencing growth of the market. Globally, the market is predicted to grow at CAGR of 5.1% in forecast period, providing numerous opportunity for market players to invest for research and development in the non-vascular stents industry. Geriatric population is more susceptible towards chronic diseases including lung cancer, pancreatic cancer, colorectal cancer, and other diseases such as stroke, asthma. Subsequently, increasing incidences related to chronic obstructive pulmonary disorders (COPD), chronic pancreatitis, prostate cancer, and glaucoma, are responsible for rising demand of non-vascular stents.
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As per reports by World Health Organization (WHO), geriatric population is expected to reach two billion by 2050. Additionally, recent statistics presented by the American Cancer Society showcases as many as thirty thousand individuals suffering from stomach cancer in the North America region only. These factors are expected to fuel growth of the non-vascular stents market in coming years.
Rising adoption of the minimally invasive techniques such as nonvascular stenting is fueling the market growth of non-vascular stents. The minimally invasive techniques performed by tiny incisions instead of one large opening as they offer advantages such as quicker recovery times and less discomfort over traditional surgery. Additional advantages associated with adoption of minimally invasive techniques includes reduced pain during the surgery and minimum surgical scars. Reduction in the overall operational cost in comparison with traditional surgery techniques due to smaller incisions and minimum side effects, are propelling the demand of non-vascular stents industry.
The non-vascular stents market is majorly categorized into different market segments such as gastrointestinal stents segment, pulmonary, and urological stents segment. The gastrointestinal stents segment is considered as one of the fastest growing segment in the non-vascular stents industry with highest revenue generation in recent years. The gastrointestinal segment is further classified into different types such as biliary, pancreatic, and esophageal stents. Similarly, the pulmonary stents are also categorized into various types including silicone airway and metallic airway stents. Growing popularity of the urological stents segment is credited to the rise in occurrence of ureteral disorders such as renal calculi, kidney stone, urinary tract infections, and prostate cancer.
Non-vascular stents are commonly termed as a set of instruments that are specially designed for performing for a number of tasks involving biliary, bronchial and tracheal implantations. Rising application of the non-vascular stents is driving growth of the market. Non-vascular stents are utilized in order to improve prime patency in arteries and veins, which is commonly located at the site of stenotic. Non-vascular stents are classified into two common types such as balloon-expandable (BE) and self-expandable (SE).
The market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America and Europe have shown major growth in recent years owing to the rise adoption of latest methodologies for the treatment of chronic diseases and existence well-established healthcare infrastructure. Asia-Pacific region is predicted to hold major market share in the non-vascular stents market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with favorable government initiatives for use of such medical devices, rising geriatric population, and increasing healthcare expenditure.
The key players in the non-vascular stents industry are Medtronic Co., C. R. Bard Incoporations, Boston Scientific Co., Ella Co., Conmed Co., Hobbs Medical Incorporations, Cook Medical Co., Taewoong Medical Corporations, Synchron Med Incorporations, and Glaukos Co.
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Non-vascular Stents Market Growth Analysis, Trends Forecast by Regions and Types to 2025
9th July 2021 – The global Non-Vascular Stents Market size is expected to value at USD 1.4 billion by 2025. The market is subject to witness a substantial growth due to the increase in geriatric population, upsurge in incidences related to chronic disorders, and rise in healthcare expenditure by local governments. Furthermore, growing importance towards minimally invasive surgeries across the globe is expected to drive growth of the market in upcoming years.
Increasing incidences related to the gastrointestinal cancer across the globe, is further propelling demand for non-vascular stents. Increase in the number of patients diagnosed with cancer are significantly influencing growth of the market. Globally, the market is predicted to grow at CAGR of 5.1% in forecast period, providing numerous opportunity for market players to invest for research and development in the non-vascular stents industry. Geriatric population is more susceptible towards chronic diseases including lung cancer, pancreatic cancer, colorectal cancer, and other diseases such as stroke, asthma. Subsequently, increasing incidences related to chronic obstructive pulmonary disorders (COPD), chronic pancreatitis, prostate cancer, and glaucoma, are responsible for rising demand of non-vascular stents.
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As per reports by World Health Organization (WHO), geriatric population is expected to reach two billion by 2050. Additionally, recent statistics presented by the American Cancer Society showcases as many as thirty thousand individuals suffering from stomach cancer in the North America region only. These factors are expected to fuel growth of the non-vascular stents market in coming years.
Rising adoption of the minimally invasive techniques such as nonvascular stenting is fueling the market growth of non-vascular stents. The minimally invasive techniques performed by tiny incisions instead of one large opening as they offer advantages such as quicker recovery times and less discomfort over traditional surgery. Additional advantages associated with adoption of minimally invasive techniques includes reduced pain during the surgery and minimum surgical scars. Reduction in the overall operational cost in comparison with traditional surgery techniques due to smaller incisions and minimum side effects, are propelling the demand of non-vascular stents industry.
The non-vascular stents market is majorly categorized into different market segments such as gastrointestinal stents segment, pulmonary, and urological stents segment. The gastrointestinal stents segment is considered as one of the fastest growing segment in the non-vascular stents industry with highest revenue generation in recent years. The gastrointestinal segment is further classified into different types such as biliary, pancreatic, and esophageal stents. Similarly, the pulmonary stents are also categorized into various types including silicone airway and metallic airway stents. Growing popularity of the urological stents segment is credited to the rise in occurrence of ureteral disorders such as renal calculi, kidney stone, urinary tract infections, and prostate cancer.
Non-vascular stents are commonly termed as a set of instruments that are specially designed for performing for a number of tasks involving biliary, bronchial and tracheal implantations. Rising application of the non-vascular stents is driving growth of the market. Non-vascular stents are utilized in order to improve prime patency in arteries and veins, which is commonly located at the site of stenotic. Non-vascular stents are classified into two common types such as balloon-expandable (BE) and self-expandable (SE).
The market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America and Europe have shown major growth in recent years owing to the rise adoption of latest methodologies for the treatment of chronic diseases and existence well-established healthcare infrastructure. Asia-Pacific region is predicted to hold major market share in the non-vascular stents market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with favorable government initiatives for use of such medical devices, rising geriatric population, and increasing healthcare expenditure.
The key players in the non-vascular stents industry are Medtronic Co., C. R. Bard Incoporations, Boston Scientific Co., Ella Co., Conmed Co., Hobbs Medical Incorporations, Cook Medical Co., Taewoong Medical Corporations, Synchron Med Incorporations, and Glaukos Co.
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Report Predicts Non-vascular Stents Market to Reach USD 1.4 billion by 2025
The global Non-Vascular Stents Market size is expected to value at USD 1.4 billion by 2025. The market is subject to witness a substantial growth due to the increase in geriatric population, upsurge in incidences related to chronic disorders, and rise in healthcare expenditure by local governments. Furthermore, growing importance towards minimally invasive surgeries across the globe is expected to drive growth of the market in upcoming years.
Increasing incidences related to the gastrointestinal cancer across the globe, is further propelling demand for non-vascular stents. Increase in the number of patients diagnosed with cancer are significantly influencing growth of the market. Globally, the market is predicted to grow at CAGR of 5.1% in forecast period, providing numerous opportunity for market players to invest for research and development in the non-vascular stents industry.
Geriatric population is more susceptible towards chronic diseases including lung cancer, pancreatic cancer, colorectal cancer, and other diseases such as stroke, asthma. Subsequently, increasing incidences related to chronic obstructive pulmonary disorders (COPD), chronic pancreatitis, prostate cancer, and glaucoma, are responsible for rising demand of non-vascular stents.
As per reports by World Health Organization (WHO), geriatric population is expected to reach two billion by 2050. Additionally, recent statistics presented by the American Cancer Society showcases as many as thirty thousand individuals suffering from stomach cancer in the North America region only. These factors are expected to fuel growth of the non-vascular stents market in coming years.
Rising adoption of the minimally invasive techniques such as nonvascular stenting is fueling the market growth of non-vascular stents. The minimally invasive techniques performed by tiny incisions instead of one large opening as they offer advantages such as quicker recovery times and less discomfort over traditional surgery. Additional advantages associated with adoption of minimally invasive techniques includes reduced pain during the surgery and minimum surgical scars. Reduction in the overall operational cost in comparison with traditional surgery techniques due to smaller incisions and minimum side effects, are propelling the demand of non-vascular stents industry.
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The non-vascular stents market is majorly categorized into different market segments such as gastrointestinal stents segment, pulmonary, and urological stents segment. The gastrointestinal stents segment is considered as one of the fastest growing segment in the non-vascular stents industry with highest revenue generation in recent years. The gastrointestinal segment is further classified into different types such as biliary, pancreatic, and esophageal stents. Similarly, the pulmonary stents are also categorized into various types including silicone airway and metallic airway stents. Growing popularity of the urological stents segment is credited to the rise in occurrence of ureteral disorders such as renal calculi, kidney stone, urinary tract infections, and prostate cancer.
Non-vascular stents are commonly termed as a set of instruments that are specially designed for performing for a number of tasks involving biliary, bronchial and tracheal implantations. Rising application of the non-vascular stents is driving growth of the market. Non-vascular stents are utilized in order to improve prime patency in arteries and veins, which is commonly located at the site of stenotic. Non-vascular stents are classified into two common types such as balloon-expandable (BE) and self-expandable (SE).
The market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America and Europe have shown major growth in recent years owing to the rise adoption of latest methodologies for the treatment of chronic diseases and existence well-established healthcare infrastructure. Asia-Pacific region is predicted to hold major market share in the non-vascular stents market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with favorable government initiatives for use of such medical devices, rising geriatric population, and increasing healthcare expenditure.
The key players in the non-vascular stents industry are Medtronic Co., C. R. Bard Incoporations, Boston Scientific Co., Ella Co., Conmed Co., Hobbs Medical Incorporations, Cook Medical Co., Taewoong Medical Corporations, Synchron Med Incorporations, and Glaukos Co.
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Global Bronchoscopes Current and Future Market Size (2016-2023) | COVID-19 Impact Analysis
According to MRFR Analysis – Bronchoscopes Market is growing at a CAGR of 7.4% during the forecast period 2017 To 2023. The Global market industry segmented into by type, application, end user, and Region.
Bronchoscopes Market Synopsis:
The rising demand for minimally invasive procedures to conduct bronchoscopy is expected to fuel demand for bronchoscopes in the years to come. Market Research Future (MRFR) has found out in its latest study that the global bronchoscopes market is expected to reach a valuation of USD 2,244.4 Mn by the end of the forecast period (2017-2023) striking a CAGR of 7.4%.
The rising burden of respiratory and airway diseases are likely to catalyze the growth of the bronchoscopes market over the next couple of years. In addition, the rising prevalence of lung cancer is another major factor anticipated to boost the revenue growth of the bronchoscopes market in the years to come. According to the American Cancer Society, lung cancer is the leading cause of cancer death, and 228,150 new cases are estimated to be registered in the U.S. in 2019. The statistical observation offered by the organization further suggested that the death toll due to lung cancer in the U.S. is expected to reach 142,670 mark by the end of 2019.
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Technological developments are projected to act as growth catalysts for the bronchoscopes market over the assessment period. In addition, factors such as increasing older population, rising healthcare expenditure, etc. are anticipated to catalyze the expansion of the market in the upcoming years. However, the high cost of the device remains an impediment to market growth.
Bronchoscopes Market Segmentation:
By type, the global bronchoscopes market has been bifurcated into rigid bronchoscopes and flexible bronchoscopes. The flexible bronchoscopes segment has been further sub-divided into fiber optic bronchoscopes and video bronchoscopes.
By application, the bronchoscopes market has been bifurcated into diagnosis and surgical procedure. The diagnosis segment has been sub-segmented into examination, bleeding lungs, chronic cough, patient’s airways, possibility of lung cancer, and obtain tissue specimen for biopsy. Furthermore, the surgical procedure segment has been sub-segmented into removal of a foreign object in the airway, lung abscess, laser resection of tumors, percutaneous tracheostomy, stent insertion, and tracheal intubation.
By end-user, the global bronchoscopes market has been segmented into hospitals & clinics, diagnostic centers, and others.
Bronchoscopes Market Regional Analysis:
By region, the global bronchoscopes market has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa. Americas is expected to hold the most substantial share of the global market and maintain its prominence through the review period. The region has a huge patient population which is likely to have a positive influence on the growth trajectory of the market over the next few years. Europe is anticipated to retain its second position in the global marketplace over the review period expanding at a CAGR of 6.9%. Asia Pacific is projected to exhibit rapid development, whereas the Middle East & Africa is expected to grow at a limited pace over the next few years.
Bronchoscopes Market Competitive Dashboard:
The key players of the global bronchoscopes market profiled in this MRFR report are Boston Scientific Corporation (US), Ambu Inc. (US), Cogentix Medical (US), Guangzhou MeCan Medical Limited (China), Olympus Corporation (Japan), Fujifilm Holdings Corporation (Japan), Pentax Medicals (Japan), Schindler Endoskopie Technologie Gmbh (Germany), KARL STORZ GmbH & Co. KG (Germany), Schölly Fiberoptic Gmbh (Germany), Hangzhou EndoTop Medi-Tech Co., Ltd. (China), Vimex Sp. (Poland), and LocaMed (UK).
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Bronchoscopes Market Industry News:
In February 2019, Paris-based Mauna Kea Technologies received 510(k) clearance from the U.S. Food & Drug Administration (FDA) for using Cellvizio AQ-Flex 19 Confocal Miniprobe through existing bronchoscopes and other equipment for the detection of lung cancer.
In January 2019, the U.S. Food and Drug Administration (FDA) has granted approval for Olympus‘ Spiration Valve System (SVS) which is a minimally invasive treatment for a progressive form of chronic obstructive pulmonary disease (COPD), severe emphysema.
In June 2018, the Zephyr Endobronchial Valve (Zephyr Valve), a new device designed for the treatment of severe emphysema was approved by the U.S. Food and Drug Administration (FDA).
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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#bronchoscopes market#bronchoscopes market size#respiratory diagnostic#bronchoscopes market share#bronchoscopes market CAGR#bronchoscopes market growth#Bronchoscopy
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Airway/Lung Stent Market Analysis of Sales, Revenue, Share and Growth
Worldwide Market Reports added Latest Research Report titled “Airway/Lung Stent Market by Manufacturers, Regions, Product Type and Application, Forecast to 2022” to its Large Report database.
Airway/Lung Stent Market Report provides important information related to the overall market and price forecast over a five-year period, from 2017 to 2022. In this bit, the experts have offered essential figures which relates to the production and consumption forecast for the major regions that the market is categorized into, production forecast by type, and consumption forecast by application.
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Airway/Lung Stent Market report presents the detail analysis of the parent market based on elite players, present, past and futuristic data which will serve as a profitable guide for all the Airway/Lung Stent Market competitors.
Airway/Lung Stent Market is a growing market into the following sector at present years. The Airway/Lung Stent Market has uncovered rapid development in the current and past years and is probably going to proceed with a continuing development in the upcoming years.
With thorough market segment in terms of different Countries, this report divides the market into a few key countries, with sales (consumption), revenue, market share, and growth rate of the market in these countries over the forecast period 2017-2021
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Some Table of Content (ToC) points of Airway/Lung Stent Industry Report:
• Airway/Lung Stent Market Research Objective and Assumption
• Airway/Lung Stent Market Purview - Report Description, Executive Summary, and Coherent Opportunity Map (COM)
• Airway/Lung Stent Market Dynamics, Regulations, and Trends Analysis - Market Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals, Value Chain Analysis
• Global Airway/Lung Stent Name, By Regions
• Airway/Lung Stent Market Competition by Manufacturers including Production, Share, Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Airway/Lung Stent industry Manufacturers Profiles/Analysis including Company Basic Information, Manufacturing Base and Its Competitors.
• Airway/Lung Stent market Manufacturing Cost Analysis including Key Raw Materials and Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer Preference Change and Economic/Political Environmental Change.
• Airway/Lung Stent Market Forecast including Production, Consumption, Import and Export Forecast by Type, Applications and Region.
• Research Findings and Conclusion
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