The global airway stent/lung stent market is projected to reach USD 120 million by 2024 from USD 87 million in 2019, at a CAGR of 6.7%. In 2018, Boston Scientific Corporation (US) and Novatech SA (France) ranked as the top two players in the airway stent/lung stent market.
Boston Scientific Corporation (US) dominated the airway stent/lung stent market in 2018. Pulmonary/airway/lung stents such as Ultraflex, Dynamic, and Polyflex offered by Boston Scientific has set a benchmark in the market. Boston Scientific achieved significant growth in 2018 compared to 2016, owing to its strong growth in product development and increasing success in gaining market approvals. The company has a strong presence in over 40 countries across North America, Europe, the Asia Pacific, and the Middle East & Africa. The company is also focused on expanding its business in emerging markets through the development of distribution networks in countries such as India, China, and Latin America.
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Novatech SA (France) was the second-leading market player in the airway stent/lung stent market. Novatech’s patented NOVATECH GSS and TRACHEOBRONXANE DUMON silicone stent – a stent system that has been tried-and-tested to improve patient comfort is one of the most preferred products in the airway stent/lung stent market. The company’s stringent compliance to regulatory requirements ensures the delivery of high-quality products across the globe. The company’s R&D engineers also play an important role in continuously interacting with its consumers and improving as well as innovating products that are patient-centric in nature.
Some of the other players competing in this market are Taewoong Medical Co., Ltd. (South Korea), Micro-Tech (Nanjing) Co., Ltd. (China), Boston Medical Products, Inc. (US), E. Benson Hood Laboratories, Inc. (US), Merit Medical Systems, Inc. (US), Cook Group (US), EFER ENDOSCOPY (France), ENDO-FLEX GmbH (Germany), Standard Sci. Tech Inc. (South Korea), and Stening SRL (Argentina).
Airway Stent/Lung Stent Market by Type (Tracheal, Bronchial, Laryngeal Stent), Product (Non-Expandable, Self-Expandable Stents), Material (Metal (Nitinol, Stainless Steel), Silicone, Hybrid), End User (Hospitals, ASCs) - Global Forecast to 2024
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