Airway Stent/Lung Stent Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Airway Stent/Lung Stent Market is segmented by Product (Self-Expandable Stents, Balloon- Expandable Stents), Material, Type, and Geography

Market Snapshot

airway stent lung stent
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: <6.2 %

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Market Overview

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.

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.

Scope of the Report

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.

 

By Product
Self-Expandable Stents
Balloon- Expandable Stents
By Material
Metal
Nitinol
Stainless Steel
Silicone
Hybrid
By Type
Tracheobronchial Stents
Laryngeal Stents
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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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 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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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 growth of the market. The presence of 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.

Airway Stent - 2

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Prevalence of Lung and Rspiratory Disorders

      2. 4.2.2 Growing Preference of People For Minimally Invasive Surgeries

    3. 4.3 Market Restraints

      1. 4.3.1 Availability of Alternative Treatments

      2. 4.3.2 Complications Associated with Stents

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Self-Expandable Stents

      2. 5.1.2 Balloon- Expandable Stents

    2. 5.2 By Material

      1. 5.2.1 Metal

        1. 5.2.1.1 Nitinol

        2. 5.2.1.2 Stainless Steel

      2. 5.2.2 Silicone

      3. 5.2.3 Hybrid

    3. 5.3 By Type

      1. 5.3.1 Tracheobronchial Stents

      2. 5.3.2 Laryngeal Stents

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Bess AG

      2. 6.1.2 Boston Scientific Corporation

      3. 6.1.3 Cook Group

      4. 6.1.4 E. Benson Hood Laboratories Inc.

      5. 6.1.5 Efer Endoscopy

      6. 6.1.6 Endo-Flex GmbH

      7. 6.1.7 Merit Medical Systems, Inc.

      8. 6.1.8 Micro-Tech (Nanjing) Co. Ltd.

      9. 6.1.9 Standard Sci Tech Inc.

      10. 6.1.10 Taewoong Medical Co. Ltd.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Airway Stent/Lung Stent Market market is studied from 2018 - 2026.

The Airway Stent/Lung Stent Market is growing at a CAGR of <6.2% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Boston Scientific Corporation, Taewoong Medical Co., Ltd., Cook Group, Micro-Tech (Nanjing) Co., Ltd., Merit Medical Systems, Inc. are the major companies operating in Airway Stent/Lung Stent Market.

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