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Airway Stent / Lung Stent Market by Type, Product, Material Silicone, Procedure- Global Forecast to 2022

Airway Stent / Lung Stent Market: Global Forecast until 2022

  • November 2017
  • 183 pages
  • ID: 5228504
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The overall lung stents market forecasted to grow at a CAGR (Compound annual growth rate) of 6.70 percent.

The lung stents market is forecasted to reach $105.60M by 2022 from an estimated $76.30M in 2017, at a compound annual growth rate (CAGR) of 6.70 percent between 2017 and 2022. The quickly growing geriatric population, growing preference for minimally invasive procedures, high prevalence of tobacco smoking, and increasing prevalence of lung cancer and other respiratory diseases are the main factors driving the increase of the significant increase drivers of lung stents market. Nevertheless, availability of alternative treatments for target indications is limiting the adoption of lung stents up to some stent during the estimate period.

The tracheal stents segment is expected to record the maximal CAGR (Compound annual growth rate) during the outlook period.

On the basis of class, the lung stents market is divided into tracheal stents and laryngeal stents. The tracheal stents segment is projected to register the maximal compound annual growth rate (CAGR) during the estimate period. The important increase in this industry segment is assigned to the growing incidence of lung cancer, rising prevalence of chronic diseases including COPD & asthma, fast growth in the geriatric population, and improving healthcare affordability in developed countries

Bronchoscopy procedure segment forecasted to grow at the highest CAGR (Compound annual growth rate) during 2017 to 2022.

Established on procedure, the lung stents market is broken down into bronchoscopy and laryngoscopy. Bronchoscopy procedure segment is further subsegmented into rigid bronchoscopy and flexible bronchoscopy. The bronchoscopy segment is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period. The significant increase in the prevalence of lung cancer, COPD, asthma, and other diseases including bronchitis, tracheal stenosis, and tracheomalacia, thereby, growing the industry demand for bronchoscopy procedures in the next years.

Asia-Pac is forecasted to witness the highest increase during the estimate period.

North America (NA) held the biggest share of the overall lung stents market in 2016. On the other hand, the Asia-Pacific area is forecast to witness the more important Compound annual growth rate during the outlook period, due to the quickly developing healthcare sector in China (CN) and India (IN), increase in aging population, increasing life expectancy, growing per capita income, rising investments in the territory by top market players, the expansion of private-sector hospitals & clinics to rural areas, the availability of low-cost labor for manufacturing, presence of a favorable regulatory environment. Additionally to this, according to the American Cancer Society, Asia-Pac recorded for 55.20 percent of the overall COPD patients in 2014.

Break of primary members taking part was as mentioned below:

• By Company category - Tier 1 - 21.0 percent, Tier 2 - 26.0 percent and Tier 3 - 53.0 percent

• By Description - C-suite - 32.0 percent, D-level - 26.0 percent, Others - 42.0 percent

• By Area - North America continent - 26.0 percent, Europe (EU) - 35.0 percent, Asia Pacific (APAC) - 20.0 percent, Latin America area - 11.0 percent, Middle East (ME) & African continent - 8.0 percent

Some of the main market actors in the lung stents market are Boston Scientific, C.R. Bard, Teleflex, Cook Group, Merit Medical Systems, Novatech, Fuji Systems, Taewoong Medical, ENDO-FLEX, M.I.Tech, Micro-Tech, EFER ENDOSCOPY, Hood Laboratories, S&G BIOTECH, Changzhou Health Microport Medical Device, and Kapitex Healthcare.

Segment Research

The market research examines the different lung stents and their adoption pattern. It aims at evaluating the market value and future increase potential of the overall lung stents market for distinct segments including type, product, procedure, material, end-user, and area. The industry report also comprises a detailed competitive analysis of the top players in this sector together with their company descriptions, product offerings, latest developments, and key industries strategies.

Reasons to Buy the Report

The study will increase established companies as well as new entrants/smaller companies to measure the pulse of the sector, which in turn would benefit them, collect a greater share. Companies obtaining the analysis could use one or any combination of the below-mentioned five strategies for strengthening the market.

This industry report offers business insights on these pointers:

• Market Uptake: Exhaustive data on product types provided by the top actors in the overall lung stents market. The market research examines the overall lung stents market by category, product, procedure, material, final user, and area

• Product Development/Innovative products: In-depth understanding on upcoming trends and recent product launches in the overall lung stents market

• Market Development: Highlighted information on the lucrative emerging regions by category, product, procedure, material, end-user.

• industry diversification: Complete information about recent products, increasing geographies, and recent evolutions in the overall lung stents market

• opposing assessment: Detailed assessment of market shares, increase strategies, and products of leading actors in the overall lung stents market

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