Growing R&D spending for the development of non-vascular stents by public as well as private organizations is further likely to accelerate demand for lung stents in coming years.
Dallas, United States - April 22, 2021 /MarketersMedia/ —
The global airway stent/lung stent market is anticipated to cross USD 125.85 million by 2025, growing at a CAGR of over 13%. Airway stents/lung stents are medical instruments that are implanted into the airway passage and used to treat a variety of chronic lung diseases. Tracheobronchial prostheses are another name for them. Metal, silicone, and composite materials are used to create these. Tracheobronchial and laryngeal stents are the two styles. Ambulatory surgical centers and hospitals are the most common places where it is utilized. Chronic lung conditions have become more common as a result of factors such as the global rise in smoking prevalence.
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Many thoracic surgeons and interventional pulmonologists often use airway stents treat certain reflexive reactions. The reflexive reactions are the product of previous traumatic events, or are profoundly rooted by their teachers in their psychology. When this occurs, it is important to examine the clinical case critically, the alternatives available for that individual patient and the solid evidence behind the biomaterials and engineering of current airway stents. Stent positioning is only granted a few total contramaterials. In addition, people who are legally willing to perform surgical operations to treat benign or malignant diseases do not have an external prothesis of the airway.
Because of rising cases of cardiovascular disorders and the popularity of minimally invasive procedures, the demand in developing regions is growing in terms of adoption rate. The market is expected to benefit from numerous advancements and developments in the field of stents. In the forecast period, however, an aging population and improved healthcare facilities would drive up demand for stents.
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Some thoracic surgeons and interventional pulmonologists have a visceral reaction to the use of airway stents. These reflexive retorts are the product of previous disastrous situations or are deeply rooted in their psychology by their teachers. When this happens, it's critical to correctly understand the specific situation, the available solutions for that specific patient, and the scientific evidence behind the biomaterials and engineering of modern airway stents. Affected airway prostheses should not be put in patients that are medically willing to undergo surgical procedures to protect against benign or deadly conditions. Stenting can also be avoided if there is a severe deficiency in functional ability and a limited survival time.
As per the Asian Pacific Journal of Cancer Prevention, CAO (Central Airway Obstruction) affects around 30% of lung cancer patients which results in serious breathing problems. Therefore, the use and adoption of airway stents have increased dramatically, and this trend is anticipated to continue in the coming future. Increasing public and private R&D investments in the production of non-vascular stents is also fueling the market growth.
Furthermore, technological advances such as the growth of innovative stents that can offer real-time data of the respiratory tract through cutting-edge technologies such as Data Science and the Internet of Things are anticipated to boost the global airway stent market in the coming years. The development of biodegradable and drug-eluting lung stents would also increase the use of airway stents, boosting the market growth. However, complications associated with stent placement and the availability of several alternative treatments could limit market growth during the forecast period. Furthermore, the prevalence of cigarette smoking has been declining, which serves as a consumer restriction.
Key vendors in the market include EFER ENDOSCOPY, Boston Medical Products, Inc, Boston Scientific Corporation, E. Benson Hood Laboratories, Inc, Taewoong Medical Co., Ltd., Stening SRL , Novatech SA, Micro-Tech (Nanjing) Co., Ltd., and many more.
Broad portfolio of products coupled with new product launches by key vendors are likely to help tier 1 companies to maintain their market position in coming years. For instance in January 2020, the U.S. Food and Drug Administration approved use of 3D-printed Airway Stents manufactured by a doctor in Cleveland Clinic. Such launches are expected to propel the market growth by 2025.
Key segments of the global airway stent/lung stenttesting market
Type Overview, 2015-2025 (USD Million)
Laryngeal Stents
Tracheobronchial Stents
Material Overview, 2015-2025 (USD Million)
Metal Stents
Nitinol Stents
Stainless Steel Stents
Others
Silicone Stents
Hybrid Stents
Product Overview, 2015-2025 (USD Million)
Non-Expandable
Self-Expandable
End User Overview, 2015-2025 (USD Million)
Hospitals
Ambulatory Surgery Centers
Regional Overview, 2015-2025 (USD Million)
North America
US
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
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