Airway stent and lung stent market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 156.34 million by 2028 and will grow at a CAGR of 6.24% in the above mentioned forecast period.
Airway or lung stent is a type of an endobronchial prosthesis of different materials which supports and preserves the patency of the void tubular airway structure. Lung stents or airway stents are generally produced using nitinol, stainless steel, metal, hybrid and other materials.
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The increase in the prevalence of lung cancer and respiratory diseases is amongst the important factor expected to intensify the growth and demand of airway stent and lung stent market. In addition, the high adoption of therapeutic treatments such as endoscopic therapy, bronchoscopy and chemotherapies due to rise in the geriatric population and high prevalence of lung cancer are also expected contributes to the growth in the global market over the forecast period of 2021 to 2028. Also the rise in the preference for minimally invasive procedures and high growth in the healthcare industry are also likely to enhance the growth of the market.
The rise in the need for customized lung stents, rapid development of biodegradable and drug-eluting lung stents and the 3D printing of lung stents are anticipated to offer significant growth opportunities for the airway stent and lung stent market in the forecast period of 2021 to 2028.
However, the decrease in the prevalence of tobacco smoking and easy availability of alternative treatments are expected to curb the growth of the airway stent and lung stent market, whereas the various complications associated with stents and lack of healthcare professionals to operate the procedure can challenge the growth of the airway stent and lung stent market.
North America region leads the airway stent and lung stent market owing to the strong presence of large number of hospitals, rise in the prevalence of diseases and disorders as well as the increase in the geriatric population. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rise in the need for treatment using stents.
The major players covered in the airway stent and lung stent market report are Boston Scientific Corporation, BD, TAEWOONG, MICRO-TECH EUROPE, Cook, Merit Medical Systems, Novatech SA, ENDO-FLEX GmbH, M.I.TECH, Fuji Systems Corp., EFER Endoscopy, HOOD LABORATORIES, Olympus, Medtronic, W. L. Gore & Associates Inc., Kapitex Healthcare Ltd., Meditek Systems Pvt. Ltd., Stening, Teleflex Incorporated, and Thoracent, Inc., among other domestic and global players.
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