Self-expandable stents are likely to emerge as one of the top-selling products between 2017 and 2026
Albany, NY -- (SBWIRE) -- 03/05/2018 -- The global airway lung/stents market is projected to grow at a CAGR of 5.7% during the assessment period 2017-2026 and reach a valuation of over US$ 130 million by 2026. The report titled "Airway/Lung Stent Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026" has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE).
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The report offers detailed analysis on the key factors that are driving the growth of the market. An assessment on the restraining factors, in addition to the opportunities and threats has also been included in the report. According to the report, the demand for airway/lung stents is witnessing an increase on account of its lifesaving functionality in case of heart attacks. Increasing prevalence of lung disease is also creating demand for airway lung stents around the globe.
In addition to the market-specific factors, the demand for airway/lung stent market is also growing on account of macroeconomic factors, such as rising disposable income in developing countries, investments in quality healthcare, and favorable reimbursement policies. These factors are likely to provide an impetus to the growth of the airway/lung stents market during the assessment period.
Although the outlook on the airway/lung stents market remains positive, complications related to airway lung/stent, such as stent infection and granulation tissue are likely to restrict the growth of the market. Manufacturers are working on eradicating these challenges to foster widespread adoption.
In a bid to offer readers in-depth insights, the report has segmented the market on the basis of product type, end user, material, and region. On the basis of product type, the report has segmented the market into self-expandable, balloon-expandable, and non-expandable. By end-user, the key segments include hospitals, ambulatory surgical centers, and 'others'. The key material segments include metal, hybrid, and silicone.
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By product type, self-expandable stents are likely to remain prominent in the market on account of their advantages over other types of stents. The self-expandable stents segment is likely to reach a valuation of nearly US$ 100 million by the end of 2026. By end user, hospitals continue to be the leading segment, and the report projects status quo to remain unchanged during the assessment period. Adoption of these stents in ambulatory surgical centers is also growing at a steady pace. Metal remains the most sought-after material for airway lung/stents market, and is likely to remain so during the assessment period.
The key companies profiled in the report include The Chemours Company, Zeus Industrial Products Inc., Mexichem S.A.B. de C.V., Honeywell International, Inc., Daikin Industries Ltd., W. L. Gore & Associates, Inc., Asahi Glass Co. Ltd., Compagnie de Saint-Gobain SA (Saint Gobain Performance Plastics), 3M Company, E.I. Dupont DE Nemours & Company, and Solvay SA.
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