A recent report published by Infinium Global Research on lung stents market provides an in-depth analysis of segments and sub-segments in global as well as regional lung stents market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional lung stents market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global lung stents market. According to report the global lung stents market was USD 60.5 million in 2016 and it is projected to reach USD 125 million by 2024 grow at a CAGR of 5.5% over the forecast period of 2018-2024.
A tube shaped device that is called lung stent or tracheobronchial stent is inserted or placed into the airway. This tube is made of silicone, metal or a combination of both that is used to open an airway before or after other therapeutic treatments. These types of tube are used to treat a number of chronic lung diseases. They can be temporary or permanent. The acquisition of small and medium-sized enterprises (SMEs) by Boston Scientific to provide different new product in intervention pulmonology. Boston Scientific has acquired EndoChoice Holdings a company that manufacturer intervention pulmonology and gastroenterology products. The lung stent help to lower the risk of a heart attack because it helps to open the blocked arteries increasing the blood flow to the heart again.
The demand for lung stent is increasing due to increasing incidences of lung cancer and the growing elderly population worldwide. In addition, the new innovation and technology advancement is driving the growth of this market. 3D printing technology is used to manufacture drug-coated and patient-specific stents. These stents are coated with medicine to stop excess tissue growth. Companies are using innovative technologies to develop advanced stents such as patient-specific. The lack of skilled professionals and the high cost of the treatment are the restraining factor of this market. Furthermore, Damage to the blood vessel from the catheter, an infection caused while inserting the stent and irregular heartbeats are some of the other factors that may hamper the growth of the market. Lung stent is mostly used in the hospital to diagnose lung cancer at a later stage to open the blockage. The manifestation of manufacturers in North America of the stent can also bring abundant of opportunities in this market.
The report on global lung stents market covers segments such as product type and end users. On the basis of product type the global lung stents market is categorized into self-expandable, balloon-expandable and non-expandable. On the basis of end users the global lung stents market is categorized into hospitals, ambulatory surgery centers and other.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography is provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global lung stents market such as Boston Scientific, Asahi Glass Co. Ltd., 3M Company, Daikin Industries Ltd, The Chemours Company, Honeywell International, Inc., Mexichem S.A.B. de C.V., Compagnie De Saint-Gobain SA, Solvay SA, and E.I. Dupont DE Nemours & Company.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global lung stents market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of lung stents market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the lung stents market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the lung stents market to understand the present and future trends in this market and formulate their strategies accordingly.
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