Airway Stent Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities
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The airway stent market size has demonstrated strong growth in recent years, expected to grow from $9.3 billion in 2023 to $9.98 billion in 2024 at a CAGR of 7.2%. The historical growth can be attributed to the rising incidence of respiratory diseases, improved diagnostic techniques, a growing aging population, increased awareness and healthcare access, and a rise in surgical and interventional procedures. The market is projected to reach $13.25 billion in 2028, with a CAGR of 7.4% anticipated during the forecast period. This growth is driven by an aging population, expanding healthcare infrastructure, increasing emphasis on managing chronic respiratory conditions, heightened awareness of respiratory health, and growth in outpatient and ambulatory procedures. Key trends include technological advancements in medical technology, minimally invasive procedures, bioresorbable stents, advancements in self-expanding materials, and ongoing innovations in medical devices.
The increasing prevalence of lung diseases and respiratory disorders is anticipated to significantly drive the growth of the airway stent market in the future. Lung diseases and respiratory disorders encompass a wide range of conditions that affect the lungs and respiratory system, leading to impaired breathing and overall lung function. Factors contributing to the rising prevalence of these conditions include increasing pollution levels, smoking habits, exposure to environmental toxins, and an aging population. Lifestyle changes and genetic predispositions also play a role in the growing incidence of lung diseases. Airway stents are employed in this context to provide structural support to the airways, alleviate obstructions, and enhance airflow for patients suffering from conditions like tracheal stenosis or bronchial tumors. For example, in May 2024, data from the National Center for Health Statistics (NCHS), a health statistics agency in the U.S., revealed that the prevalence of current asthma among adults aged 18 and over rose from 8.4% in 2021 to 8.7% in 2022. Furthermore, asthma episodes within the same age group increased from 3.3% in 2021 to 3.7% in 2022. Therefore, the growing prevalence of lung diseases and respiratory disorders is expected to propel the growth of the airway stent market.
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What Are The Key Trends That Influence Airway Stent Market Share Analysis?
Major companies in the airway stent market are prioritizing technological advancements, such as the self-expanding Y-shaped stent system, to enhance patient outcomes and effectively address complex airway conditions. The self-expanding Y-shaped stent system is a medical device intended to support and maintain airway patency in patients with tracheal or bronchial stenosis, providing a tailored fit that expands automatically to conform to 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 improve 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 suffering from malignant tracheobronchial strictures, ensuring improved deployment and patient outcomes.
Which Market Players Are Driving Growth In The 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
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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The Airway Stent Global Market Report 2024 provides an overview of the airway stentmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The airway stent market forecast analyzes airway stent market size, airway stent market share, leading competitor and their market positions.
The Table Of Content For The Airway Stent Market Include
1. Airway Stent Market Executive Summary
2. Airway Stent Market Segments
3. Airway Stent Market Size And Template Market Growth Rate
4. Key Airway Stent Market Trends
5. Major Airway Stent Market Drivers
……
25. Key Mergers And Acquisitions In The Airway Stent Market
26. Top Airway Stent Companies
27. Airway Stent Market Opportunities And Strategies
28. Airway Stent Market, Conclusions And Recommendations
29. Appendix
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