From the name itself, it is clear that lung stent are the medical products that are used to open wide the clogged or blocked blood vessels during a surgical procedure. Stents are dissolvable in nature and its deployment doesn’t have any side effect on the body. Stents are important for the surgeons as they facilitate a greater and clearer view of the surgical site.
Minimally invasive surgical procedures is widely gaining attraction especially in the developing economies. And using stents facilitates the success of a minimally invasive surgical procedure. The stents are manufactured using an array of materials and are scientifically proven to be safe during a surgical procedure.
Data Bridge Market Research analyses that the lung stent market is expected to undergo a CAGR of 6.40% during the forecast period. This indicates that the market value, which was USD 98.49 million in 2021, would rocket up to USD 161.78 million by 2029. “Metal Stents” dominates the material segment of the lung stent market owing to the growing awareness about the advantages associated with metal stents, such as ease of insertion, thinner walls as compared to silicone lung stents, and ability to adapt to the twisted airway. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Read Full Report Summary @ https://www.databridgemarketresearch.com/reports/global-lung-stent-market
North America dominates the lung stent market because of the strong base of healthcare facilities, widespread utilization of medications, increasing occurrence of lifestyle diseases, increasing consciousness regarding the essence of maintaining good health and rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, increasing occurrence of lifestyle diseases, large population pool, and the growing demand for quality healthcare in the region.
Some of the major players operating in the lung stent market are:
Thermo Fisher Scientific Inc. (US)
Novartis AG (Switzerland)
Abbott (US)
Amgen Inc. (US)
Johnson & Johnson Services, Inc. (US)
GlaxoSmithKline plc (UK)
Bayer AG (Germany)
BD (US)
Boston Scientific Corporation (US)
Taewoong Medical Co., Ltd. (South Korea)
Micro-Tech (Nanjing) Co., Ltd. (China)
Novatech SA (France)
E. Benson Hood Laboratories, Inc. (US)
Merit Medical Systems, Inc. (US)
Cook (US)
EFER ENDOSCOPY (France)
ENDO-FLEX GmbH (Germany)
Standard Sci. Tech Inc. (South Korea)
Stening SRL (Argentina)
Related Report:
Global Airway Stent and Lung Stent Market https://www.databridgemarketresearch.com/reports/global-airway-stent-lung-stent-market
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The new report by Expert Market Research titled, ‘Global Lung Stent Market Report and Forecast 2021-2026’, gives an in-depth analysis of global lung stent market, assessing the market based on its types, materials, products, end-uses and major regions.
The sample report shall be delivered to you within 24 hours.Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/lung-stent-market/requestsampleThe key highlights of the report include:Market Overview (2016-2026)Historical Market Size (2020): USD 86.75 millionForecast CAGR (2021-2026): 6%Forecast Market Size (2026): USD 116 millionGrowing endoscopic therapy adoption and rising minimally invasive surgery preference.
Additionally, increasing funding on healthcare infrastructure is further promoting the development of well equipped, well-furnished, and advanced healthcare facilities.Industry Definition and Major SegmentsA stent is a hollow pipe that enables the user to breathe better.
It can be put into the airway to widen the narrowed passageway.The global lung stent industry can be broadly categorised based on segments like:Type:Tracheobronchial StentsLaryngeal StentsMaterial:Metal StentsNitinol StentsStainless Steel StentsSilicone StentsHybrid StentsOthersProduct:Self-Expandable StentsNon-Expandable StentsEnd-Use:HospitalsAmbulatory Surgery CentresThe regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/lung-stent-marketMarket TrendsSimple repositioning and removal of silicone stents, increased hardness, high mechanical strength, and improved flexibility are the characteristics that distinguish this sector from the others.
The dominant position of North America is due mainly to the presence of a number of major hospitals, solid healthcare facilities, increased disease prevalence, growing elderly population and higher health care costs.Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours.
Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.Key Market PlayersThe major players in the market are Boston Scientific Corporation, (NYSE: BSX), Taewoong Medical Co., Ltd., Micro-Tech (Nanjing) Co., Ltd., Bess Aktiengesellschaft (Bess AG), E. Benson Hood Laboratories, Inc., Merit Medical Systems, Inc., Cook Group, Efer Endoscopy and among others.
The report "Lung Stent Market by Type (Tracheal, Bronchial, Laryngeal Stent), Product (Non-Expandable, Self-Expandable Stents), Material (Metal (Nitinol, Stainless Steel), Silicone, Hybrid), End User (Hospitals, ASCs) - Global Forecast to 2024", is projected to reach USD 120 million by 2024 from USD 87 million in 2019, at a CAGR of 6.7%.
Factors such as the rise in the prevalence of lung cancer & chronic respiratory diseases and the growing preference of minimally invasive procedures are expected to drive the growth of the airway/lung stent market.
The need for customized lungs stents and the ability to currently print the stents using 3D printing techniques are expected to create growth opportunities for this market.Browse 137 market data Tables and 34 Figures spread through 164 Pages and in-depth TOC on "Airway Stent/Lung Stent Market by Type (Tracheal, Bronchial, Laryngeal Stent), Product (Non-Expandable, Self-Expandable Stents), Material (Metal (Nitinol, Stainless Steel), Silicone, Hybrid), End User (Hospitals, ASCs) - Global Forecast to 2024"Get Free PDF - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=32315890The tracheobronchial stents segment is expected to account for the largest share of the airway stent/lung stent market in 2019.Based on type, the airway stent/lung stent market is categorized into tracheobronchial and laryngeal stents.
In 2019, the tracheobronchial segment is expected to account for the largest share of the airway/lung stent market.
The large share of this segment can be attributed to the high adoption of tracheal and bronchial stents in the treatment of lung cancer and other chronic respiratory diseases.The self-expandable stents segment is estimated to hold the largest share of the airway stent/lung stent market in 2019.Based on the product, the airway stent/lung stent market is segmented into expandable and non-expandable stents.
Of this, the expandable stents segment is estimated to hold a larger share of the market in 2019, due to the higher preference of these stents by surgeons due to advantages such as easy insertion in bronchoscopy procedures, lower risks of stent-induced complications, small size, and their easy removal.Hospitals will account for the largest share of the airway stent/lung stent market in 2019.The airway stent/lung stent market is segmented into hospitals and ambulatory surgical centers.
