According to Data Bridge Market Research new Market report, “Global Airway Stent/ Lung Stent Market to USD 76.3 million in 2017 growing at a CAGR of 6.6% during the forecast period of 2018 to 2025.
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Type
• Tracheal Stents,
• Laryngeal Stents
Product
• Self-Expandable Stents
• Non-Expandable Stents
• Balloon-Expandable Stents
Material
• Metal Lung Stents
• Silicone Lung Stents
• Hybrid Lung Stents
Procedure
o Bronchoscopy
• Flexible Bronchoscopy
• Rigid Bronchoscopy
o Laryngoscopy
Application
• Lung Cancer
• Primary Airway Tumors
• Oesophageal Cancer
• Thyroid Cancer
• Head & Neck Tumours
• Metastases
• Postintubation & Idiopatic Benign Tracheal Stenosis
• Inflammatory Lesions
• Tracheobronchial Malacia
• Vascular Compression
End-Users
• Hospitals
• Ambulatory Surgery Centers
• Others
Geographical Segmentation: Global Airway Stent/ Lung Stent Market
• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa
Airway stent which is tube-shaped devices that usually placed bronchoscopically and can be used to treat a variety of large airway diseases.
Airway Stent/ Lung Stent market is expected to grow in the near future due to rising geriatric population and increasing preference for minimally invasive procedures and rising prevalence of lung cancer and other respiratory diseases.
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Factors Driving Growth In The Airway Stent/ Lung Stent Market
Rising Geriatric Population
The rising age leads to diseases which include lung disorders, cardiovascular diseases and so on. The According to World Population Ageing, the number of older people generally having age of 60 years or more is expected to increase from 841 million in 2013 to more than 2 billion in 2050. As per Population Reference Bureau, in 2016 the number of Americans between the age bracket of 65 and above was 46 million and this number will be 98 million by 2060. The group share of 65 and older age will rise to 24% from 15%.
The rising number of geriatric population leads to more number of diseases as the ageing population is more prone to these problems, which is boosting the market in the forecast period.
Rising Prevalence of Lung Cancer and Other Respiratory Diseases
The leading five respiratory conditions which account for the great burden to society include chronic obstructive pulmonary disease (COPD), asthma, acute respiratory infections, tuberculosis, and lung cancer. Respiratory diseases are the leading causes of death worldwide. According to the WHO, in 2010, smoking is the major cause of about 71.0% of all lung cancer deaths and 42.0% of chronic respiratory disease worldwide. Eurostat shows more than 401 thousand deaths occurred in Europe due to diseases of the respiratory system in 2013. Since these devices can help in preventing complications and various lung and respiratory diseases, the demand is expected to grow in the future.
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Some of the major players operating
• Airway Stent/ Lung Stent market are
• Novatech SA,
• Boston Medical Products, Inc,
• Boston Scientific Corporation,
• Taewoong Medical Co., Ltd.,
• Medtronic,
• Cook, W. L. Gore & Associates, Inc.,
• C. R. Bard, Inc.,
• Microtech Systems, Inc.,
• Teleflex Incorporated,
• Merit Medical Systems, Inc.,
• Fuji Systems Corp.,
• ENDO-FLEX GmbH,
• EFER ENDOSCOPY,
• S&G BIOTECH Inc.,
• HOOD LABORATORIES,
• Kapitex Healthcare Ltd.
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