Lung Stent Market would rocket up to USD 6.16 billion by 2030

The high quality Lung Stent Market report encompasses numerous factors that consist of but are not limited to latest trends, market segmentation, new market entry, industry forecasting, future directions, opportunity identification, strategic analysis and planning, target market analysis, insights and innovation. This report explains market segmentation in the most-detailed pattern as well as conducts thorough analysis of patents and major market players to present a competitive landscape. The large scale Lung Stent Market business report gives full knowledge about the market and competitive landscape which aids with enhanced decision making, better manage marketing of goods and decide market goals for enhanced profitability..

Minimally invasive surgical procedures is widely gaining attraction especially in the developing economies. And using stents facilitates the success of a minimally invasive surgical procedure. The stents are manufactured using an array of materials and are scientifically proven to be safe during a surgical procedure.

Data Bridge Market Research analyzes that the global lung stent market which was USD 0.98 billion in 2022, would rocket up to USD 6.16 billion by 2030, and is expected to undergo a CAGR of 6.0% during the forecast period from 2023 to 2030. This indicates the market value. “Tracheobronchial Stents” dominates the type segment of the global lung stent market owing to the increasing prevalence of lung diseases. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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From the name itself, it is clear that lung stent are the medical products that are used to open wide the clogged or blocked blood vessels during a surgical procedure. Stents are dissolvable in nature and its deployment doesn’t have any side effect on the body. Stents are important for the surgeons as they facilitate a greater and clearer view of the surgical site.

Drivers

• Rising Prevalence of Cancer

Growing incidence rate of cancer and respiratory disorders globally is one of the major factors fostering the growth of the market. Lung cancer is the leading cause of deaths worldwide. More than 1 million cases per year are witnessed in India and this condition may prevail for lifetime if not treated properly

•  Research and Development Proficiencies

Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted for the advancements in medical technologies and devices are also bolstering the market growth rate

Opportunity

• Growing Investment for Healthcare Facilities

Surging focus towards improving the condition of healthcare facilities and improving the overall healthcare infrastructure another important factor fostering the growth of the market. Rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities.

Furthermore, upsurge in the public-private funding for target research activities, increasing consumption of smoking products, growing air pollution level and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period from 2022 to 2029. In addition, unhealthy lifestyle of individuals, rising internet penetration rate, rising geriatric population base,  increasing need of 3D printing of lung stents along with rising development of biodegradable and drug eluting lung stent product development and commercialization and increasing per capita expenditure on health care will further expand the market’s growth rate in the future

Recent Development

• In January 2020, the U.S. FDA approved 3D printed airway stent which is made to fit the patient’s airway. This study was conducted by Cleveland Clinic and it is estimated that around 30,000 stents will be implanted by the end of 2020 in the U.S. alone. This shows the potential demand for lung stents in the near future.

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Lung Stent Market Scope

The global lung stent market is segmented on the basis of product, type, material and end-user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Tracheobronchial Stents
• Laryngeal Stents

Material

• Metal Stents
• Silicone Stents
• Hybrid Stents

Product

• Self-Expandable Stents
• Non-Expandable Stents

End-User

• Hospital​​​​​​​
• Ambulatory Surgery Centers

Investing in this study will provide you with access to valuable information, which includes:

1. Thorough industry coverage on a global scale, with detailed breakdowns by region.
2. In-depth analysis of regional markets, encompassing North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
3. Country-specific market size breakdowns for key countries with significant market shares.
4. Comprehensive data on market share and revenue/sales from leading industry players.
5. Examination of market trends, such as emerging technologies, products, and startups, along with PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, and more.
6. Detailed market size data, including segmentations by application and industry verticals.
7. Projections and forecasts for the future growth and development of the market.

This Market Intelligence Report Analyses Some of the Most Crucial Concerns:

1. Anticipated developments in the major segments of the international market in the coming years.
2. Identification of key players poised to dominate the market in the future.
3. Assessment of the leading suppliers and producers in this industry.
4. Examination of growth and expansion strategies implemented by successful industry players.
5. Insight into sectors expected to experience the most significant demand growth in the near future.
6. Analysis of the various buyer segments within this market.
7. Prediction of the regional powerhouse likely to emerge as the dominant player in the international market.
8. Exploration of the potential impact of a new coronavirus pandemic.
9. Evaluation of challenges faced by established market players due to the entry of newcomers and strategies to overcome them.

Some of the major players operating in the global lung stent market are

• Thermo Fisher Scientific Inc. (U.S.)
• Novartis AG (Switzerland)
• Abbott (U.S.)
• Amgen Inc. (U.S.)
• Johnson & Johnson Services, Inc. (U.S.)
• GlaxoSmithKline plc (U.K.)
• Bayer AG (Germany)
• BD (U.S.)
• Boston Scientific Corporation (U.S.)
• Taewoong Medical Co., Ltd. (South Korea)
• Micro-Tech (Nanjing) Co., Ltd. (China)
• Novatech SA (France)
• E. Benson Hood Laboratories, Inc. (U.S.)
• Merit Medical Systems, Inc. (U.S.)
• Cook (U.S.)
• EFER ENDOSCOPY (France)
• ENDO-FLEX GmbH (Germany)
• Standard Sci. Tech Inc. (South Korea)
• Stening SRL (Argentina)

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Global Lung Stent Market Regional Analysis/Insights

The global lung stent market is analyzed and market size insights and trends are provided by country, product, type, material and end-user as referenced above.

The countries covered in the global lung stent market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.

North America dominates the global lung stent market because of the increasing healthcare initiatives, the strong presence of major players in the market, increasing cases of lung diseases and rising number of research activities in this region.

Asia-Pacific is expected to witness significant growth during the forecast period from 2023 to 2030 due to the increase in government initiatives to promote awareness, growing research activities in the region, availability of massive untapped markets, large population pool, and the growing demand for quality healthcare in the region.

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