Press release
Airway Stent Market Report, Size, Share, Growth, Trends, Industry Forecast to 2033
Airway Stent Market
The new report published by The Business Research Company, titled Airway Stent Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the airway stent market size has grown strongly in recent years. It will grow from $9.3 billion in 2023 to $9.98 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The airway stent market size is expected to see strong growth in the next few years. It will grow to $13.25 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
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What Is Driving The Growth Of The Global Airway Stent Market?
Rising Prevalence Of Lung Diseases Drives Growth In Airway Stent Market
The increasing prevalence of lung diseases and respiratory disorders is expected to propel the growth of the airway stent market going forward. Lung diseases and respiratory disorders refer to a broad range of conditions affecting the lungs and respiratory system, impairing breathing and overall lung function. The increasing prevalence of lung diseases and respiratory disorders is driven by factors such as rising pollution levels, smoking habits, exposure to environmental toxins, and the aging population. Additionally, lifestyle changes and genetic predispositions contribute to the growing incidence of these health conditions. Airway stents are used in the increasing prevalence of lung diseases and respiratory disorders to provide structural support to the airways, alleviate obstruction, and improve airflow in patients with conditions such as tracheal stenosis or bronchial tumors. For instance, in May 2024, according to data from the National Center for Health Statistics (NCHS), a U.S.-based health statistics agency, the prevalence of current asthma among adults aged 18 and over in the United States increased from 8.4% in 2021 to 8.7% in 2022. Furthermore, asthma episodes within the past 12 months for the same age group rose from 3.3% in 2021 to 3.7% in 2022. Therefore, the increasing prevalence of lung diseases and respiratory disorders will drive the growth of the airway stent market.
What Is The Key Trend In The Global Airway Stent Market?
Micro-Tech Endoscopy Unveils Cutting-Edge Y-Shaped Tracheal Stent For Malignant Neoplasms
Major companies operating in the airway stent market are focusing on technological advancements such as the self-expanding Y-shaped stent system to improve patient outcomes and address complex airway conditions more effectively. The self-expanding Y-shaped stent system is a medical device designed to support and maintain airway patency in patients with tracheal or bronchial stenosis, offering a tailored fit that expands automatically to match the anatomy of the airways. For instance, in February 2022, Micro-Tech Endoscopy, a US-based provider of advanced endoscopic solutions specializing in innovative medical devices for minimally invasive procedures, launched the first self-expanding tracheobronchial nitinol Y-stent, designed to enhance the treatment of malignant neoplasms at the tracheobronchial carina. This Y-shaped Tracheal Stent System features a low-profile delivery system for optimal ventilation and visualization during placement, a silicone cover to prevent tumor ingrowth, and repositioning sutures for easy adjustment or removal. Its flexible, compliant design and nitinol self-expanding technology effectively relieve patients with malignant tracheobronchial strictures, ensuring improved deployment and patient outcomes.
How Is The Global Airway Stent Market Segmented?
The airway stent market covered in this report is segmented -
1) By Type: Tracheal Stents, Laryngeal Stents, Bronchial stents
2) By Product Type: Expandable Stents, Non-Expandable Stents
3) By Material Type: Metal, Silicone, Hybrid
4) By End-User: Hospitals, Clinics, Home Healthcare, Ambulatory Surgical Centers, Laboratories, Research Facilities
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How Is The Competitive Landscape Of The Global Airway Stent Market?
Major companies operating in the airway stent market are Medtronic Plc, Stryker Corporation, Boston Scientific Corporation, Olympus Corporation, Teleflex Incorporated, Cook Medical, KARL STORZ SE & Co. KG, Merit Medical Systems, MICRO-TECH (Nanjing) Co. Ltd., Taewoong Medical Co. Ltd., Alvimedica Medical Technologies Inc, M.I. Tech Co. Ltd., Fuji Systems Corporation, Pnn Medical A/S, Endo-Flex GmbH, InSitu Technologies, QualiMed Innovative Medizinprodukte GmbH, Novatech SA, Boston Medical Products Inc., HOOD LABORATORIES, Meditek Systems Pvt. Ltd., Kapitex Healthcare Ltd, S&G Biotech Inc., AndraTec GmbH, Allium Medical Solutions Ltd., Medi-Globe GmbH, Bess medizintechnik GmbH
Contents Of The Global Airway Stent Market
1. Executive Summary
2. Airway Stent Market Report Structure
3. Airway Stent Market Trends And Strategies
4. Airway Stent Market - Macro Economic Scenario
5. Airway Stent Market Size And Growth
…..
27. Airway Stent Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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