Airway Stent/Lung Stent Market 2021 Through SWOT Analysis with Leading Players-Bess AG, Boston Scientific Corporation, Cook Group, E. Benson Hood Laboratories Inc

Airway Stent/Lung Stent Market by Component, Application, Services, and Region- Forecast to 2025

The Global Airway Stent/Lung Stent Market Research Report 2021-2025 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Airway Stent/Lung Stent business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Airway Stent/Lung Stent worth chain and its wholesaler examination. Airway Stent/Lung Stent Market study gives extensive information which upgrades the agreement, degree, and use of this report.

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-Top Leading Companies of Airway Stent/Lung Stent Market are 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. and others.

-Market Segmentation- Airway Stent/Lung Stent-

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.

-Industry News And Updates on Airway Stent/Lung Stent Market-

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.

-Key Market Trends Airway Stent/Lung Stent 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.

-Competitive Landscape On Airway Stent/Lung Stent Market-

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.

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