Press release
Rapid Expansion Expected in Tracheal Stents Market, Projected to Reach US$ 272 Million by 2033 with 8% CAGR
A primary driver of market revenue is the increasing preference for minimally-invasive procedures and the expanding adoption of endoscopic therapies. The surge in public and private investments in research and development is propelling the development of innovative non-vascular stents, thereby promoting their application in airway stenting. Moreover, the global increase in healthcare infrastructure investments is fostering the establishment of modern, well-equipped healthcare facilities, further bolstering growth in the tracheal stents market.
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Key Takeaways from Market Study
Global demand for tracheal stents is expected to increase at a CAGR of 8% from 2023-2033.
China's market is predicted to expand at a CAGR of 12% during the projected period.
Sales of metal stents are expected to rise at a CAGR of 8.5% during the forecast period.
Demand for plastic stents is predicted to expand at a CAGR of 7.5% during the next 10 years.
North America and Europe are currently dominating the sales of tracheal stents due to the presence of key market players in these regions, growing senior population, rising cases of respiratory-related disorders, and the presence of advanced healthcare facilities. The Asia Pacific market is predicted to expand at the fastest pace during the forecast period (2023-2033).
Winning Strategy
Tracheal stent sales and market share are currently dominated by some of the leading companies. Smaller and mid-sized firms, on the other hand, are growing their market share by introducing new products at affordable prices by adopting new technologies. To grow their businesses and enter new markets, market participants for tracheal stents frequently use mergers and collaborations.
In February 2020, BIOTRONIK got CE Mark clearance for its Orsiro Mission drug-eluting stent or DES system. Comparing this technique to other types of modern stents now utilised in healthcare facilities, it claims to have a greater deliverability rate.
Key Players
Bess Aktiengesellschaft (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.
Novatech SA
Standard Sci. Tech, Inc.
Stening SRL
Taewoong Medical Co., Ltd.
Competitive Landscape
To gain a competitive edge in the tracheal stents market (기관 스텐트 시장), leading companies have implemented strategies such as mergers, acquisitions, and strategic alliances. Key players are focusing on developing advanced products that offer improved precision and efficiency.
For instance, the Massachusetts Institute of Technology introduced self-expanding metal stents (SEMS) named HANAROSTENT Esophagus TTS in 2020. In the United States, Olympus was the sole supplier of these stents.
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Key Segments of Tracheal Stents (Markt für Trachealstents) Industry Research
By Material :
Metal
Plastic
Silicone
By Patient :
Adults
Pediatrics
By End User :
Hospitals
Ambulatory Surgical Centers
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
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