Market Insights Reports delivers key insights on the Global Airway Stent/Lung Stent market in its latest report titled, “Airway Stent/Lung Stent Market – Growth, Trends, And Forecasts (2020 – 2025)” provides an in-depth analysis of key players strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
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Top Key Players in the Global Airway Stent/Lung Stent Market: Bess AG, Boston Scientific Corporation(NYS: BSX), Cook Group, Benson Hood Laboratories Inc., Efer Endoscopy, Endo-Flex GmbH, Merit Medical Systems, Inc., Micro-Tech (Nanjing) Co. Ltd., Standard Sci Tech Inc., Taewoong Medical Co. Ltd.
The airway stent market is believed to witness healthy growth in the future which is majorly attributed to the rising prevalence of lung and respiratory disorders, and the growing preference of people for minimally invasive surgery.
The American Cancer Society has stated that for the year 2019, about 228,150 new cases of lung cancer are expected to rise in the United States and there would be around 142,670 deaths from lung cancer that the country is expected to witness. Added to that, Chronic obstructive pulmonary disease (COPD) is posing a burden on global healthcare. For instance, the World Health Organization has reported that there were around 251 million cases of COPD globally in 2016. During the year 2016-2017, approximately 3.17 million deaths were caused by COPD. Owing to the rising cases of lung diseases and respiratory disorders, the market for stents used during the surgery of lung or respiratory systems is increasing.
Key Market Trends
Silicon Stents are Expected to Witness Rapid Growth
The silicon stents are proven to be more safe, cost-effective, and easy to manipulate when compared to other stents with different materials. The silicon stents come in balloon-expandable and expandable versions. These stents have been very useful in patients suffering from tracheobronchial strictures both benign and cancer-related. A National Institute of Health has stated that there have been several studies that suggest the efficacy of silicone stents and the successful airway palliation in 85% to 95% cases has been seen from the studies.
Added to that, the silicon stents are also useful in the lung transplantation strictures which make these stents more significant in terms of preference during the treatment. Owing to its advantages over metallic stents, it is widely being used which is propelling the growth of this segment.
The report offers an in-depth assessment of the growth and other aspects of the Airway Stent/Lung Stent market in important countries (regions), including:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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North America Dominates the Market
Being the most developed and advanced region, North America is the world’s largest medical device market and airway stents are no exception for the same. Due to the developed healthcare system, the reimbursement scenario for medical devices such as stents is good in the United States. For instance, Medicare Part B covers the majority of stent placement procedures, paying 80 percent of the costs.
In addition, the growing geriatric population and the increasing lung/respiratory disorders in the United States are some of the factors fuelling the growth of the market. The presence of a large number of companies that manufacture airway/lung stents in the country is again a significant factor that is responsible for the large market size.
This Airway Stent/Lung Stent Market report addresses:
– The Market size from 2015-2020
– Expected market growth until 2025
– Forecast of how market drivers, restraints, and future opportunities will affect
– Segment and regions that will drive or lead the market growth and why
– Comprehensive mapping of the competitive landscape
– In-depth analysis of key sustainability strategies adopted by market place
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