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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.
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.
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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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.
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:
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.
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:
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Breakup by Material |
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Breakup by Product |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Supplier Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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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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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