Global Airway Stent and Lung Stent Market, By Type (Tracheobronchial Stents, Laryngeal Stents), Product Type (Self-Expandable Stents, Non-Expandable Stents, Balloon-Expandable Stents), Material (Metal Stents, Silicone Stents, Hybrid Stents), End User (Hospitals, Ambulatory Surgery Centers), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Airway Stent and Lung Stent Market
Airway stent and lung stent market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 156.34 million by 2028 and will grow at a CAGR of 6.24% in the above mentioned forecast period.
Airway or lung stent is a type of an endobronchial prosthesis of different materials which supports and preserves the patency of the void tubular airway structure. Lung stents or airway stents are generally produced using nitinol, stainless steel, metal, hybrid and other materials.
The increase in the prevalence of lung cancer and respiratory diseases is amongst the important factor expected to intensify the growth and demand of airway stent and lung stent market. In addition, the high adoption of therapeutic treatments such as endoscopic therapy, bronchoscopy and chemotherapies due to rise in the geriatric population and high prevalence of lung cancer are also expected contributes to the growth in the global market over the forecast period of 2021 to 2028. Also the rise in the preference for minimally invasive procedures and high growth in the healthcare industry are also likely to enhance the growth of the market. Furthermore, the increase in the incidence of COPD and post-tuberculosis stenosis and high investments by the public and private organizations for the development of non-vascular stents are also amongst the significant factors expected to fuel the growth of the airway stent and lung stent market.
The rise in the need for customized lung stents, rapid development of biodegradable and drug-eluting lung stents and the 3D printing of lung stents are anticipated to offer significant growth opportunities for the airway stent and lung stent market in the forecast period of 2021 to 2028.
However, the decrease in the prevalence of tobacco smoking and easy availability of alternative treatments are expected to curb the growth of the airway stent and lung stent market, whereas the various complications associated with stents and lack of healthcare professionals to operate the procedure can challenge the growth of the airway stent and lung stent market.
This airway stent and lung stent market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on airway stent and lung stent market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Airway Stent and Lung Stent Market Scope and Market Size
Airway stent and lung stent market is segmented on the basis of type, product type, material and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- The type segment of the airway stent and lung stent market is segmented into tracheobronchial stents and laryngeal stents.
- On the basis of product type, the airway stent and lung stent market is segmented into self-expandable stents, non-expandable stents and balloon-expandable stents.
- Based on material, the airway stent and lung stent market is segmented into metal stents, silicone stents and hybrid stents. Metal stents have further been segmented into nitinol, stainless steel and others.
- On the basis of end user, the airway stent and lung stent market is segmented into hospitals, ambulatory surgical centers and others.
Airway Stent and Lung Stent Market Country Level Analysis
Airway stent and lung stent market is analyzed and market size insights and trends are provided by country, type, product type, material and end user as referenced above.
The countries covered in the airway stent and lung stent market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the airway stent and lung stent market owing to the strong presence of large number of hospitals, rise in the prevalence of diseases and disorders as well as the increase in the geriatric population. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rise in the need for treatment using stents.
The country section of the airway stent and lung stent market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Airway stent and lung stent market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for airway stent and lung stent market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the airway stent and lung stent market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Airway Stent and Lung Stent Market Share Analysis
Airway stent and lung stent market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to airway stent and lung stent market.
The major players covered in the airway stent and lung stent market report are Boston Scientific Corporation, BD, TAEWOONG, MICRO-TECH EUROPE, Cook, Merit Medical Systems, Novatech SA, ENDO-FLEX GmbH, M.I.TECH, Fuji Systems Corp., EFER Endoscopy, HOOD LABORATORIES, Olympus, Medtronic, W. L. Gore & Associates Inc., Kapitex Healthcare Ltd., Meditek Systems Pvt. Ltd., Stening, Teleflex Incorporated, and Thoracent, Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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