The airway stent global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Market Size –
The airway stent market size has grown strongly in recent years. It will grow from $9.3 billion in 2023 to $9.98 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to the rising incidence of respiratory diseases, improved diagnostic techniques, a growing aging population, increased awareness and healthcare access, and growth in surgical and interventional procedures.
The airway stent market size is expected to see strong growth in the next few years. It will grow to $13.25 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to aging population growth, growing healthcare infrastructure, rising emphasis on managing chronic respiratory conditions, rising awareness of respiratory health, and growth in outpatient and ambulatory procedures. Major trends in the forecast period include technological advancements, minimally invasive procedures, advancements in medical technology, bioresorbable stents, and advanced self-expanding materials.
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Scope Of Airway Stent Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Airway Stent Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the airway stent market are focusing on technological advancements such as the self-expanding Y-shaped stent system to improve patient outcomes and address complex airway conditions more effectively. The self-expanding Y-shaped stent system is a medical device designed to support and maintain airway patency in patients with tracheal or bronchial stenosis, offering a tailored fit that expands automatically to match 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 enhance 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 with malignant tracheobronchial strictures, ensuring improved deployment and patient outcomes.
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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Regional Insights –
North America was the largest region in the airway stent market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airway stent market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the 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
Table of Contents
- Executive Summary
- Airway Stent Market Characteristics
- Airway Stent Market Trends And Strategies
- Airway Stent Market – Macro Economic Scenario
- Global Airway Stent Market Size and Growth
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- Key Mergers And Acquisitions In The Airway Stent Market
- Airway Stent Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Airway Stent Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Airway Stent Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Airway Stent Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Medtronic Plc Financial Performance
Table 76: Stryker Corporation Financial Performance
Table 77: Boston Scientific Corporation Financial Performance
Table 78: Olympus Corporation Financial Performance
Table 79: Teleflex Incorporated Financial Performance
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