Global Lung Stent Market Report and Forecast 2024-2032

Global Lung Stent Market Outlook

The global lung stent market size attained a value of about USD 103.32 million in 2023. The market is expected to grow at a CAGR of 6% during the forecast period of 2024-2032 to attain a value of early USD 174.55 million by 2032. The anticipated market growth can be attributed to the rising prevalence of respiratory disorders such as lung cancer, COPD, and asthma.

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The global lung stent industry is being driven by the growing incidences of lung cancer and respiratory problems, the development of biodegradable stent, and the increased demand for customised lung stents.

Market Segmentation

A stent is a hollow pipe which can be inserted in the airway to widen the narrow area and help you breathe.

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The global lung stent industry can be broadly categorised based on segments like types, materials, products, end-uses, and regions.

• Type:
  • Tracheobronchial Stents 
  • Laryngeal Stents
• Material:
  • Metal Stents 
  • Nitinol Stents
  • Stainless Steel Stents
  • Others
  • Silicone Stents 
  • Hybrid Stents
• Product:
  • Self-Expandable Stents 
  • Non-Expandable Stents
• End-Use:
  • Hospitals
  • Ambulatory Surgery Centres

The EMR report looks into the regional lung stent markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

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Market Analysis

The increasing prevalence of lung cancer and chronic respiratory disorders globally, coupled with the growing preference for minimally invasive procedures, are some of the factors contributing to the growth of the global lung stent industry. The growing preference for customised lung stent is further aiding the industry growth. However, the risk associated with the use of these stents, coupled with the increasing availability of alternative therapies, can hamper the industry growth over the forecast period. Region-wise, North America accounted for the largest share of this market in 2020 owing to the presence of advanced technology and large hospitals, and robust healthcare infrastructure.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global lung stent market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Boston Scientific Corporation
• Taewoong Medical Co., Ltd.
• Micro-Tech (Nanjing) Co., Ltd.
• Bess Medizintechnik Gmbh
• E. Benson Hood Laboratories, Inc.
• Merit Medical Systems, Inc.
• Cook Group Incorporated
• Others

The EMR report gives an in-depth insight into the lung stent market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report