Global Airway Stent/Lung Stent Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
“Global Airway Stent/Lung Stent Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global airway stent/lung stent testing market report has been segmented on the basis of type, product type, end user, and region.
Global Airway Stent/Lung Stent Market: Overview
Lung or airway stents are produced using metal, nitinol, stainless steel, silicon, hybrid, and other materials. Stents are tube-shaped devices, and some include tracheobronchial stent, which is inserted or placed into an airway for the treatment of Chronic Obstructive Pulmonary Disease (COPD).
Global Airway Stent/Lung Stent Market: Dynamics
Increasing adoption of therapeutic treatments such as bronchoscopy, endoscopic therapy, and chemotherapies owing to rising geriatric population, prevalence of lung cancer and other respiratory diseases and disorders are among some of the key factors expected to drive growth of the global airway stent/lung stent market.
Some major factors that could hamper market growth include poor reimbursement policies in certain countries. Lack of healthcare professionals to operate the procedure, and lack of proper healthcare infrastructure and required resources in developing countries.
Global Airway Stent/Lung Stent Market: Segment Analysis
Among the type segments, the tracheal stents segment is expected to contribute major share in the global airway stent/lung stent market, owing to high adoption of bronchial stents and tracheal in the treatment of COPD, resulting in increasing demand for tracheal stents, which in turn is expected to drive revenue growth of this segment in the target market over the forecast period.
Out of the available material types, the metal lung stent segment dominates the global market in terms of revenue contribution currently. Advantages of metal stents include thinner walls than other stents, ease of insertion, and lower risk of migration. These are among some of the major factors expected to drive revenue growth of this segment in the target market.
Among the product type segments, the expandable stents segment is expected to account a higher revenue share as compared to other segments. Key factor driving growth of this segment is benefits offered such as easy insertion in bronchoscopy procedures and low risk of any complication and availability of expandable stents in small size.
Global Airway Stent/Lung Stent Market: Region Analysis
Currently, the North America market accounts for major revenue share in the global market, and is projected to maintain its dominance over the forecast period. Presence of large number of hospitals, rising prevalence of diseases and disorders, growing geriatric population, and rising healthcare expenditure in the countries in the region are some of the factors driving growth of the market in North America. Furthermore, the market in Asia Pacific is expected to register highest growth rate over the forecast period.
North America market is expected to be followed by Europe market, which is also projected to register significant revenue growth in global airway stent/lung stent market. This growth can be attributable to increasing number of new product launches with added innovation, increasing healthcare expenditure by government and increasing number of individuals having chronic diseases, coupled with rising need for treatment using stents.
Global Airway Stent/Lung Stent Segmentation:
Segmentation by Type
- Tracheal Stents
- Laryngeal Stents
Segmentation by Product Type
- Self-Expandable Stents
- Non-Expandable Stents
- Balloon-Expandable Stents
Segmentation by Material
- Metal Lung Stents
- Nitinol Lung Stents
- Stainless Steel Lung Stents
- Silicone Lung Stents
- Hybrid Lung Stents
Segmentation by End User
- Ambulatory Surgery Centres
Segmentation by Region
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Novatech SA
- Hood Laboratories
- Merit Medical Systems, Inc.
- Boston Scientific Corporation
- Taewoong Medical Co., Ltd.
- Micro-Tech (Nanjing) Co., Ltd.
- Meditek Systems Pvt. Ltd.
- I. Tech
- Efer Endoscopy
- Fuji Systems
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