Harrisburg, NC -- (SBWIRE) -- 10/01/2020 -- Global Airway Stent/Lung Stent Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

The Lung stent market is projected to reach USD 120 million by 2024 from USD 87 million in 2019, at a CAGR of +6%

The airway stent market is believed to witness a 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.

Airway stents, also known as tracheobronchial prostheses, are tube-shaped devices with a hollow lumen that are inserted into an airway. They are usually placed bronchoscopically and can be used to treat a variety of large airway diseases.

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Market By Top Companies:

Bess AG, Boston Scientific Corporation, Cook Group, E. 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.

Latest Industry Update:

Boston Scientific Corporation:

Dec. 13, 2019 Boston Scientific Receives FDA Clearance For World's First Single-Use Duodenoscope, EXALT™ Model D

July 18, 2017 Boston Scientific announces RANGER™ Drug-Coated Balloon new Long Lenghts.

April 25, 2017 Boston Scientific announces favorable 12-month data for Ranger™

*Cook Medical inks deal to distribute Taewoong Medical Niti-S esophageal stents

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Industry Research Coverage

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.

In addition, surgery with the airway or lung stent is minimally invasive surgery. This means there is a lesser hospital stay and there is a minimal pain generated post-surgery. Due to the ease of minimally invasive surgeries, there is a large number of people that are preferring this across the globe which is adding value to the market.

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 the 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 makes 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.

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Competitive Landscape

The market for airway stents is moderately competitive with the presence of international players as well as few local companies in several countries. However, the major share of the market is grabbed by international players only. The major companies have adopted strategies like mergers and acquisitions and strategic alliances to gain a competitive advantage in the market. Additionally, companies are also more focused on the development of technologically advanced products, which deliver greater accuracy and efficiency.

Major points covered in this research are:-

?Airway Stent/Lung Stent Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2023), Competition by Manufacturers

?Global Market Size (Value) of Airway Stent/Lung Stent (2020-2023)

?Global Airway Stent/Lung Stent Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2023)

Global Airway Stent/Lung Stent Production, Revenue (Value), Price Trend by Type

Global Airway Stent/Lung Stent Market Analysis by Application

Global Airway Stent/Lung Stent Manufacturers Profiles/Analysis

Airway Stent/Lung Stent Manufacturing Cost Analysis

Industrial Chain, Sourcing Strategy and Downstream Buyers

Marketing Strategy Analysis, Distributors/Traders

Market Effect Factors Analysis

Global Airway Stent/Lung Stent Market Forecast (2020-2023)

Competitive Landscape

Research Findings and Conclusion

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https://www.marketinsightsreports.com/reports/08312274352/global-and-united-states-silicone-airway-stent-market-insights-forecast-to-2026?source=MW&Mode=21

https://www.marketinsightsreports.com/reports/04011944435/global-airway-lung-stent-market-research-report-2020?source=MW&Mode=21

Finally, this Airway Stent/Lung Stent report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Airway Stent/Lung Stent product development and gives an outline of the potential Global market.

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