Report Overview

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

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.

Global Lung Stent Market

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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.

Global Lung Stent Market By Type

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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.

Global Lung Stent Market By Region

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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

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Material
  • Product
  • End User
  • Region
Breakup by Type
  • Tracheobronchial Stents
  • Laryngeal Stents
Breakup by Material
  • Metal Stents
  • Silicon Stents
  • Hybrid Stents
Breakup by Product
  • Self-Expandable Stents
  • Non-Expandable Stents
Breakup by End User
  • Hospitals
  • Ambulatory Surgery Centres
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter's Five Forces Model
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • 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
  • Boston Medical Products, Inc.
  • Novatech SA
  • Standard Sci. Tech Inc.
  • Stening SRL
  • ENDO-FLEX GmbH
  • Micro-Tech
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global lung stent market attained a value of nearly USD 103.32 million.

The market is projected to grow at a CAGR of 6% between 2024 and 2032.

The major drivers of the market include the growing incidences of lung cancer and respiratory problems, the development of biodegradable stent, and the increased demand for customised lung stents.

The increasing prevalence of lung cancer and chronic respiratory disorders globally is a major industry trend aiding the market growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Tracheobronchial stents and laryngeal stents are the leading types in the industry.

The leading materials in the market are metal stents, silicone stents, and hybrid stents.

Self-expandable and non-expandable stents are the leading products in the industry.

Hospitals and ambulatory surgery centres are the end-use sectors for the industry.

The major players in the industry are Boston Scientific Corporation, Taewoong Medical Co., Ltd., Micro-Tech (Nanjing) Co., Ltd., Bess Medizintechnik Gmbh, E. Benson Hood Laboratories, Inc., Merit Medical Systems, Inc., and Cook Group Incorporated, among others.

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