Lung Stent Market Size, Share & Trends Report

Lung Stent Market Size, Share & Trends Analysis Report By Product, By Type, By Material, By End Use, And Segment Forecasts, 2020 To 2027

  • Published Date: ---
  • Base Year for Estimate: ---
  • Report ID: GVR7103
  • Format: Electronic (PDF)
  • Historical Data: ---
  • Number of Pages: 0

The lung stent market is expected to witness lucrative growth over the forecast period owing to the increasing demand for MIS (Minimally Invasive Surgeries) for the treatment of chronic conditions including lung cancer, glaucoma, chronic obstructive pulmonary disease, central airway obstruction, asthma etc. The elevated prevalence of these conditions due to a sedentary lifestyle and polluted environmental conditions is attributing to the high demand for these products in coming years. 

Increasing R&D investments by the public and private organizations for the development of non-vascular stents is further fueling market growth. For instance, in January 2020, the U.S. FDA approved 3D printed airway stent which is made to fit the patient’s airway. This study was conducted by Cleveland Clinic and it is estimated that around 30,000 stents will be implanted by the end of 2020 in the U.S. alone. This shows the potential demand for lung stents in near future. However, the availability of other substitute treatment options and complications related with the use might affect the adoption of these stent.

The airway stent market is categorized based on the material, type, product, and end-use. The material segment further classified into the silicone airway, metallic airway, hybrid, and stents. Due to associated benefits including easy to use, low risk of migration with the use of metal stents hold the largest revenue share in 2019. Tracheobronchial stents held the dominant share in type segment in 2019 owing to the high adoption of the bronchial & tracheal stents to treat respiratory disorders. Rising preference of surgeons towards the expandable rather than non-expandable stents contributing towards its dominant share as of now. In addition, the advantage with its use such as ease of insertion, small size and low risk of complications induced by stents are further fueling the demand for expandable stents over the forecast period.

North America airway stent market accounted for the largest revenue share as of 2019 and it is expected to maintain its dominance throughout the forecast period. Presence of major manufacturers, well-established healthcare infrastructure, and high awareness amongst the surgeons resulted in increasing adoption of these stent in this region.

Some key participants in this industry are Boston Scientific Corporation, Micro-Tech (Nanjing) Co., Ltd., Merit Medical Systems, Inc., Taewoong Medical Co., Ltd., Stening SRL, Cook Medical, Novatech SA, E. Benson Hood Laboratories, Inc. and ENDO-FLEX GmbH. The airway stent/lung stent market players are focusing on increasing their geographical presence by various strategies including merger & acquisitions, collaboration and new product developments to sustain the competition.

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $5,950
Multi User (2-5) - $6,950
Enterprise Access - $8,950

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified