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Driving Airway Stent Market Growth in 2025: The Role of Rising Prevalence Of Lung Diseases Drives Growth In Airway Stent Market
Airway Stent Market
Airway Stent Market Size Growth Forecast: What to Expect by 2025?
In recent times, the airway stent market has witnessed robust growth. The market size, which was $9.98 billion in 2024, is expected to increase to $10.66 billion in 2025, growing at a compound annual rate of 6.8%. Factors contributing to this growth during the historical period include increased occurrence of respiratory illnesses, advancement in diagnostic approaches, a rise in the elderly population, improved awareness and availability of healthcare services, as well as an increase in surgical and interventional procedures.
How Will the Airway Stent Market Size Evolve and Grow by 2029?
In the upcoming years, it is predicted that the airway stent market will witness significant expansion. By 2029, it is forecasted to reach a valuation of $14.22 billion, registering a compound annual growth rate (CAGR) of 7.5%. The expected growth during the forecast period can be correlated to the increase in the elderly population, enhancement of healthcare facilities, higher emphasis on managing chronic respiratory ailments, increased awareness about respiratory health, and the rise in outpatient and ambulatory procedures. Key trends during the forecast period are anticipated to be technological progressions, minimally invasive procedures, leaps in medical technology, the advent of bioresorbable stents, and the development of advanced self-expanding materials.
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What Drivers Are Propelling the Growth of Airway Stent Market Forward?
The escalating occurrence of respiratory issues and lung diseases is projected to stimulate growth in the airway stent market. These conditions, comprising a wide array affecting both the lungs and respiratory system, can significantly hinder lung functionality and breathing. The escalating occurrences of these problems are linked to increases in pollution, smoking, exposure to environmental toxins, and an aging population. Also contributing to the rising incidences are lifestyle changes and genetic predispositions. Airway stents play a crucial role in treating these conditions, providing structural support to the airways, alleviating blockages, and improving airflow in patients with diseases like tracheal stenosis or bronchial tumors. For example, data from the National Center for Health Statistics (NCHS) showed that as of May 2024, the prevalence of current asthma in adults over 18 years in the United States increased from 8.4% in 2021 to 8.7% in 2022. Alongside, the percentage of asthma incidents within the previous 12 months for the same demographic also escalated from 3.3% in 2021 to 3.7% in 2022. Consequently, the escalating occurrence of respiratory issues and lung diseases will impact the airway stent market's growth positively.
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What Are the Key Trends Driving Airway Stent Market Growth?
Prominent firms in the airway stent industry are concentrating on technological innovation, such as the development of self-expanding Y-shaped stent systems, to enhance patient results and more effectively manage complex airway disorders. The Y-shaped self-expanding stent system is an engineered medical device designed for patients with tracheal or bronchial stenosis, it ensures airway patency by auto-adjusting to the airway anatomy to provide the perfect fit. As an example, Micro-Tech Endoscopy, an American company known for its cutting-edge endoscopic solutions and innovative medical devices for minimally invasive surgeries, launched the inaugural self-expanding tracheobronchial nitinol Y-stent in February 2022. This system is geared towards enhancing malignant tumor treatment at the tracheobronchial carina. The Y-shaped Tracheal Stent System boasts features like a low-profile delivery system for optimal placement, tumor ingrowth prevention via a silicone cover, and easy adjustment or removal with repositioning sutures. Its compliant and flexible design coupled with nitinol self-expansion technology provides effective relief for patients with malignant tracheobronchial stricture, thus ensuring better patient results and improved deployment.
What Are the Key Segments in the Airway Stent Market?
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
Subsegments:
1) By Tracheal Stents: Silicone Tracheal Stents, Metallic Tracheal Stents, Hybrid Tracheal Stents
2) By Laryngeal Stents: Silicone Laryngeal Stents, Self-Expanding Laryngeal Stents, Biodegradable Laryngeal Stents
3) By Bronchial Stents: Metallic Bronchial Stents, Silicone Bronchial Stents, Covered Bronchial Stents, Self-Expanding Bronchial Stents
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Who Are the Key Players Shaping the Airway Stent Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in the Airway Stent Market?
North America was the largest region in the airway stent market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airway stent market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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