Global Airway or Lung Stents Market is Estimated to Value Over USD 125 Million by 2029 End

  • 10 Jul 2019

Global 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 2019 to 2029. 

Airway or lung stent is inserted into an airway to replace the damaged one to ensure that the lungs function normally. The lung stent market is gaining significant traction owing to a rise in the geriatric population and the rapid adoption of lung stents in order to treat various chronic lung diseases.

Market Growth Influencers and Restraints:
An increase in the number of cigarette-smoking population which is the primary cause of lung cancer is the key factor responsible for the growth of lung stents market.

Moreover, the rising demand for non-invasive treatments is another integral factor that supports market growth
However, the stent implantation process is complicated and there are inexpensive treatment options available which can impede the market growth. 

Market Growth Opportunities:
Substantial research has been conducted to create customised lung stents which have opened numerous opportunities for the market to expand. Additionally, lung stents can also be 3D printed which open up an entirely different market segment that can help increase market penetration.

Insights on Global Airway or Lung Stents Market:
1.    By Region 

•    North America
•    Europe
•    Asia Pacific
•    Latin America
•    Middle East & Africa

North America is likely to subjugate the global market during the forecast period by virtue of superior healthcare infrastructure, growing geriatric population and rising prevalence of respiratory diseases. 
However, Asia Pacific region is expected to witness a significant market growth during the forecast period owing to the rapid development of healthcare industry in Indian and China, increase in patients suffering from lung cancer and other chronic respiratory diseases. Furthermore, industry favourable government regulations and private hospitals expanding their reach in the rural areas are some of the other factors that support the market growth.

2.    By Product
•    Tracheobronchial Stents
•    Laryngeal Stents
The tracheobronchial stents segment is likely to subjugate the global market with a high CAGR during the forecast period by virtue of high adoption of tracheal or bronchial stents for treating lung cancer.

3.    By Material
•    Metal Stents
•    Nitinol Stents
•    Stainless Steel Stents
•    Silicone Stents
•    Hybrid Stents
•    Others Stents
Hybrid stents abolish the complications caused by silicone or metallic airway or lung stents which is why this segment has the potential to achieve substantial growth in the market. Although, hybrid stents are more expensive than metal or silicone stents which can hinder the market growth of this segment.

4.    By End User
•    Hospitals
•    Ambulatory Surgery Centres
The hospital segment is anticipated to subjugate the market during the forecast period by virtue of the advanced facilities that hospitals offer.

Competitive Landscape:
•    Tier 1 players- established companies in the market with a major market share  
•    Tier 2 players 
•    Emerging players which are growing rapidly 
•    New Entrants  
Boston Scientific’s Ultraflex tracheobronchial stent system has a knitted design which is made of nitinol. It is designed in such a way so that it exerts a gentle and constant pressure in order to maintain patency. Additionally, it has a silicone covering which helps in resisting tumour growth.

Key Markey Players:
•    Boston Scientific Corp.
•    Taewoong Medical Co.
•    Novatech SA
•    Cook Group
•    Merit Medical Systems Inc.
•    Endo flex GmbH

FutureWise Key Takeaways:
•    Growth prospects
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth 

Objectives of the Study:
•    To provide with an exhaustive analysis on the global airway or lung stents market by region, by product, by material, by end user
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•    To evaluate and forecast micro-markets and the overall market 
•    To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East & Africa
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions


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