Lung Stent Market 2020 – 2026 Segmentation and Competitive Landscape

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Lung Stent Market Study by Application,
Segmentation and Regional Outlook to 2026

• The lung stent market expansion will be augmented
  by the extensive RD investments funded by the
  public and private organizations for the advent
  of the non-vascular stent and growing incidences
  of COPD globally. As per the ODPHP, currently,
  there are more than 25 million people in the U.S
  suffering from asthma, along with 14.8 million
  adults being affected by COPD.
• The substantial rise in respiratory disorders
  augmenting lung stent surgery will accelerate
  industry growth. According to a Global Market
  Insights, Inc., forecast, global lung stent
  market size is projected to surpass US348
  million by 2026.
• The complexity of these respiratory disorders and
  substantial investments has encouraged the
  modification of non-vascular stent. For example,
  the FDA in the United States has recently
  approved the use of a 3D printed lung stent that
  has been developed compatible with the patients
  airway.

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• The laryngeal stent segment accounted for a
  significant revenue share at US6 million in
  2019. The increased utilization of laryngeal
  stent to broaden the airway post-surgical
  reconstruction will lead to considerable segment
  growth. The product is also used to maintain
  lumen in the management of laryngeal trauma or
  cancer resection.

• The laryngeal stent also helps in treating a
  laryngeal fracture, subglottic stenosis, and
  laryngeal stenosis and is highly effective in the
  treatment of severe respiratory disorders related
  to the larynx. The widespread applications of the
  product in treating numerous medical conditions
  will foster segment expansion.

• A high preference for minimally invasive
  surgeries to treat respiratory diseases would
  spur lung stent business growth in the coming
  years. The increased number of respiratory
  disorders associated with lung cancer has
  influenced the high adoption of minimally
  invasive surgeries among patients in a view to
  eliminating pain and incision caused during
  conventional surgeries.

• The self-expandable lung stents are safe and
  effectively utilized in the treatment of numerous
  respiratory disorders such as non-small cell lung
  cancer and dyspnea. Also, these stents are also
  used post-lung placement procedures to provide
  extended support to the patients.

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• Regional Analysis

• Brazil, with an annual valuation of more than
  US2 million dominated the Latin America lung
  stent industry in 2019. The growing number of
  patients affected by airway complications will
  augment regional industry expansion. The burning
  of sugarcane leaves on a large scale in the
  country could be one of the prime reasons
  propelling a high number of respiratory
  disorders, resulting in rising demand for lung
  stent placement.

• Competitive Analysis

• Prominent companies in the global lung stent
  industry include Stening SRL, Novatech SA,
  Micro-Tech (Nanjing) Co., Ltd., Merit Medical
  Systems, Inc., Boston Medical Products, Inc.,
  EFER ENDOSCOPY, Cook Group, Hood laboratories,
  and Boston Scientific Corporation, among others.

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