Airway Stent and Lung Stent Market Research Report 2023-2030
The rise in the prevalence of chronic respiratory disorders is driving the Airway Stent and Lung Stent market
The increased prevalence of chronic respiratory disorders such as chronic obstructive pulmonary disease (COPD), asthma, and lung cancer is boosting demand for Airway Stent and Lung Stent. Continuous developments in stent design, materials, and delivery methods are improving the effectiveness and safety of Airway Stent and Lung Stent, boosting market expansion.
Population aging: The expanding older population, which is more susceptible to respiratory problems, is increasing the demand for airway stents/lung stents.
Airway Stent and Lung Stent Market is expected to grow at 7.8% CAGR from 2023-2030. It is expected to reach above USD 171.28 million by 2030 from USD 106.25 million in 2023.
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There are a number of key players in the Airway Stent and Lung market's major players are, among others.
- HOOD LABORATORIES
- Olympus
- Medtronic
- Gore & Associates Inc.
- Kapitex Healthcare Ltd.
- Meditek Systems Pvt. Ltd.
- Stening
- Teleflex Incorporated
- Thoracent Inc.
- Boston Scientific Corporation
- BD
- TAEWOONG and MICRO-TECH EUROPE
- Cook
- Merit Medical Systems
- Novatech SA
- ENDO-FLEX GmbH M.I.TECH
- Fuji Systems
New Developments
June 2023 After purchasing London-based Odin Vision, a worldwide MedTech firm dedicated to making people's lives better, safer, and more satisfying, announced its intention to construct a network of Digital Excellence Centers (DECs). Odin Vision was a cloud-AI endoscopy firm with a robust portfolio of commercially accessible computer-aided detection/diagnostic technologies and a cloud-enabled application innovation pipeline.
May 2023 Olympus Corporation (Olympus), a global technology leader in designing and delivering innovative solutions for medical and surgical procedures, announced today the FDA approval of the new EVIS X1 endoscopy system, as well as two compatible gastrointestinal endoscopes: the GIF-1100 gastrointestinal video scope indicated for use within the upper digestive tract, including the esophagus, stomach, and duodenum, and the CF-HQ1100DL/I colon video scope.
The Airway Stent and Lung Stent market is driven by the rise in smoking-related illnesses.
The increasing incidence of smoking-related diseases, such as lung cancer and COPD, is driving up demand for Airway Stent and Lung Stent Market. Procedures that are minimally invasive: Airway stenting is a less intrusive alternative to surgical procedures, resulting in speedier recovery, shorter hospital stays, and higher patient satisfaction.
Raising awareness and facilitating early detection: Adoption of airway stents/lung stents for improved patient outcomes is being driven by increased knowledge of respiratory disorders and early detection of problems.
The Airway Stent and Lung Stent market is restrained by the high costs of operational expenses
The expense of airway stenting operations, including the stent itself, the surgical procedure, and post-operative care, might limit adoption, especially in poor nations. Complication risk: Airway stenting operations might result in risks and consequences such as stent migration, infection, and tissue injury, which can limit the market growth.
Skilled professionals are in short supply: The specialist nature of airway stenting treatments necessitates the use of qualified healthcare professionals, and a scarcity of such experts might stifle market growth.
Regulatory issues are restraining the Airway Stent and Lung Stent market growth.
Strict medical device regulations and regulatory processes might delay the introduction of novel Airway Stent and Lung Stent solutions, impeding market growth. Alternatives to stenting: Some patients may choose surgical or pharmacological therapies over airway stenting, which may restrict the market growth. In undeveloped countries, there is a lack of awareness:
In some places, particularly in developing nations, a lack of understanding regarding airway stents/lung stents might stymie market expansion.
Rising demand in emerging nations and product portfolio expansion are opportunities for the Airway Stent and Lung Stent market to grow.
Growing healthcare infrastructure and increased awareness of respiratory disorders in emerging economies create considerable market possibilities for airway/lung stents. 3D printing technological advancements: The use of 3D printing in the production of customized airway stents/lung stents provides prospects for improved patient outcomes and tailored therapy.
Manufacturers can investigate prospects to produce a varied variety of stent designs, sizes, and materials to meet the varying demands of patients with various respiratory disorders. Smart technology integration: Incorporating smart technology, such as sensors for monitoring stent function and patient compliance, into airway/lung stents can improve therapy efficacy and patient management.
Complication risk in operations is a challenge for the Airway Stent and Lung Stent market
The expense of airway stenting operations, including the stent itself, the surgical procedure, and post-operative care, might limit adoption, especially in poor nations. Airway stenting operations might result in risks and consequences such as stent migration, infection, and tissue injury, which can limit the market growth.
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