Airway Stents Market Overview
As per MRFR analysis, the Airway Stents Market Size was estimated at 3.47 (USD Billion) in 2022. The Airway Stents Market Industry is expected to grow from 3.68(USD Billion) in 2023 to 6.3 (USD Billion) by 2032. The Airway Stents Market CAGR (growth rate) is expected to be around 6.15% during the forecast period (2024 - 2032).
Key Airway Stents Market Trends Highlighted
Airway stents market is primarily driven by the increasing incidence of respiratory diseases such as chronic obstructive pulmonary disease as well as asthma. With the bio-absorbable self-expanding stents, technology adoption helped improve patient outcomes and the market. Change in the patients’ perceptions regarding the airway stents along with growing requirement for low invasive surgeries adds to the growth.
Increased healthcare expenditure and rising prevalence of respiratory diseases provide doorways for airway stent implants manufacturers in emerging economies. Technological enhancement in stents designs and accrued materials looks promising in improving the outcome of a patient and the applications. The possibilities of more extended application in the market as well as enhancing the patients' care are in the development of the drug eluting stents and biodegradable stents.
Prompting trends in the airway stents market concern self-expanding stents with increased rates of adoption because they provide better conformability to the airway structure and lower complications risks. Self-expanding stents, due to less complex airway structure are booming the development of balloon expandable stents that possess better flexibility to make developing mature stents easier. Furthermore, drug coated stents have the potential of improving the outcomes of treatment and reducing the rates of restenosis which is caused by adverse drug reactions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Airway Stents Market Drivers
Rising Prevalence of Respiratory Diseases
The increasing incidence of respiratory conditions, such as asthma, chronic obstructive pulmonary disease (COPD), and lung cancer, is a major driver of the Airway Stents Market. These conditions can cause airway narrowing and obstruction, making it difficult for patients to breathe. Airway stents can help to keep the airways open, improving airflow and reducing symptoms. According to the World Health Organization (WHO), approximately 262 million people worldwide suffer from asthma, while COPD affects around 384 million individuals.The rising prevalence of these diseases is expected to continue to drive demand for airway stents in the coming years.
Technological Advancements
The Airway Stents Market Industry has witnessed significant advancements in stent design and materials, leading to improved performance and patient outcomes. The development of self-expanding stents, which can adapt to the shape of the airway, has enhanced stent placement accuracy and reduced the risk of complications. Additionally, the introduction of bioresorbable stents, which gradually dissolve over time, eliminates the need for a second procedure to remove the stent.These technological advancements are expected to further drive the adoption of airway stents in the coming years.
Growing Geriatric Population
The aging population is another key factor driving the growth of the Airway Stents Market Industry. As people age, they are more likely to develop respiratory conditions that may require airway stents. The increasing number of elderly patients is expected to contribute to the demand for airway stents in the coming years.
Airway Stents Market Segment Insights
Airway Stents Market Stent Material Insights
The Airway Stents Market is segmented based on stent material into Metallic Stents, Silicone Stents, and Polyurethane Stents. Metallic Stents dominated the Airway Stents Market in 2023, accounting for over 55% of the market revenue. These stents are made of materials such as Nitinol, stainless steel, and cobalt-chromium alloys, offering excellent radial force and flexibility for effective airway patency. Their durability and ability to withstand compression make them suitable for long-term airway management. Silicone Stents held a significant share of around 30% in the Airway Stents Market in 2023.These stents are made of medical-grade silicone, known for its biocompatibility, flexibility, and ability to conform to complex airway anatomies. Silicone stents are commonly used for short-term airway management, such as in cases of tracheomalacia or tracheal stenosis, due to their low risk of tissue damage and encrustation. Polyurethane Stents accounted for a smaller share in the Airway Stents Market in 2023, approximately 15%. Made of polyurethane materials, these stents offer a balance of flexibility and strength. They are often used in situations where there is a need for both rigidity and flexibility, such as in the management of complex airway obstructions or tracheoesophageal fistulas.The Airway Stents Market is expected to witness steady growth in the coming years, driven by factors such as the rising prevalence of respiratory diseases, increasing demand for minimally invasive procedures, and technological advancements in stent design.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Airway Stents Market Type Insights
The Airway Stents Market is segmented by Type into Self-expanding Stents, Balloon-expandable Stents, Covered Stents, and Uncovered Stents. Among these, the Self-expanding Stents segment is expected to hold the largest market share in 2023, owing to their advantages such as ease of insertion and conformability to the airway. The Balloon-expandable Stents segment is projected to witness the fastest growth during the forecast period, due to the increasing adoption of minimally invasive procedures. Covered Stents are expected to gain traction in the market due to their ability to prevent tissue ingrowth and migration.Uncovered Stents are commonly used for short-term airway stenting and are expected to maintain a steady market share. The Airway Stents Market is expected to reach a valuation of USD 6.3 billion by 2032, exhibiting a CAGR of 6.15% during the forecast period.
Airway Stents Market Application Insights
The Airway Stents Market is segmented based on application into Tracheal Stents, Bronchial Stents, Esophageal Stents, and Other Airway Stents. In 2023, the Tracheal Stents segment held the largest market share, accounting for around 42.1% of the Airway Stents Market revenue. Bronchial Stents segment is projected to grow at the highest CAGR of 6.7% during the forecast period 2023-2032. The growth of this segment can be attributed to the increasing prevalence of chronic respiratory diseases, such as asthma and COPD, which require the use of bronchial stents to maintain airway patency.Esophageal Stents segment is expected to witness a significant growth rate due to the rising incidence of esophageal cancer and gastroesophageal reflux disease (GERD). Other Airway Stents segment includes stents used in the treatment of laryngeal stenosis, tracheobronchomalacia, and other airway disorders. This segment is also expected to grow at a steady pace during the forecast period.
Airway Stents Market Length Insights
The Length segment of the Airway Stents Market is segmented into ' 5 cm', '5-10 cm', '10-15 cm', and '> 15 cm'. The ' 5 cm' segment is expected to hold the largest share of the market in 2023, accounting for around 40% of the Airway Stents Market revenue. This is due to the increasing prevalence of short-segment airway stenosis, which is often treated with stents less than 5 cm in length. The '5-10 cm' segment is expected to be the fastest-growing segment, with a CAGR of 6.5% from 2024 to 2032. This growth is attributed to the rising incidence of moderate-length airway stenosis, which is typically treated with stents in the 5-10 cm range.The '10-15 cm' and '> 15 cm' segments are expected to account for a smaller share of the market, but they are still expected to experience steady growth over the forecast period.
Airway Stents Market Diameter Insights
The Airway Stents Market is segmented by diameter, which includes ' 10 mm', '10-15 mm', '15-20 mm', and '> 20 mm'. Among these segments, the '10-15 mm' diameter segment is expected to account for the largest share of the market in 2023, owing to the increasing prevalence of tracheobronchial diseases and the growing demand for minimally invasive procedures. The ' 10 mm' diameter segment is also expected to witness significant growth over the forecast period, due to the rising incidence of pediatric airway disorders and the development of new stents specifically designed for smaller airways.
Airway Stents Market Regional Insights
The regional segmentation of the Airway Stents Market offers valuable insights into the market's dynamics across different geographies. North America dominates the market with a significant share, driven by factors such as the high prevalence of respiratory diseases, advanced healthcare infrastructure, and favorable reimbursement policies, with values of 1.619 billion USD in 2023 and 2.706 billion USD in 2032. Europe holds the second position, owing to the presence of a large patient population, well-established healthcare systems, and increasing awareness about airway stents, with values of 0.886 billion USD in 2023 and 1.521 billion USD in 2032. The APAC region is anticipated to witness substantial growth in the coming years, attributed to the rising incidence of lung diseases, improving healthcare access, and government initiatives to enhance healthcare infrastructure, with values of 0.813 billion USD in 2023 and 1.433 billion USD in 2032.South America and MEA display moderate growth potential, with opportunities emerging due to increasing medical tourism and investments in healthcare development, with values of 0.161 billion USD in 2023 and 0.28 billion USD in 2032 for South America, and 0.201 billion USD in 2023 and 0.36 billion USD in 2032 for the Middle East and Africa.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Airway Stents Market Key Players and Competitive Insights
Major players in the Airway Stents Market are focused on developing innovative products to meet the evolving needs of patients. They are also investing in research and development to improve the efficacy and safety of their products. The Airway Stents Market industry is characterized by a high level of competition, with leading Airway Stents Market players adopting various strategies to gain market share. These strategies include product innovation, strategic partnerships, and mergers and acquisitions. Airway Stents Market development is driven by the increasing prevalence of respiratory diseases, such as asthma and chronic obstructive pulmonary disease (COPD). The growing demand for minimally invasive procedures is also contributing to the growth of the market. Airway Stents Market Competitive Landscape is expected to remain competitive in the coming years, with leading players continuing to invest in product development and marketing strategies to maintain their market position.Medtronic plc is a leading player in the Airway Stents Market. The company offers a wide range of airway stents, including the Airway Stent System and the Ultraflex Stent. Medtronic plc is committed to providing innovative solutions for the treatment of respiratory diseases. The company has a strong global presence and a well-established distribution network. It also has a strong track record of successful product development and commercialization.Boston Scientific Corporation is a leading competitor in the Airway Stents Market. The company offers a range of airway stents, including the FlexStent and the ExpressLD Stent. Boston Scientific Corporation is focused on developing innovative products that meet the needs of patients and healthcare providers. The company has a strong global presence and a well-established distribution network. It also has a strong track record of successful product development and commercialization.
Key Companies in the Airway Stents Market Include
- MUTAFO
- NCP
- NTS
- Papyrus
- OFFICE 2000
- RAJA
- ELKO
- WEBCON
- LUKSPAPER
- JaJa
- TEDAR
- SQUALO PAPER
- CJSC
- OFFICE DEPOT
- EURO OFFICE CENTER
- CULTURA
Airway Stents Market Industry Developments
The Airway Stents Market is projected to reach USD 6.3 billion by 2032, exhibiting a CAGR of 6.15% during the forecast period. Increasing prevalence of respiratory diseases, such as asthma and chronic obstructive pulmonary disease (COPD), is driving market growth. Technological advancements, such as the development of bioresorbable stents, are further contributing to market expansion. Key industry players are focusing on strategic collaborations and acquisitions to strengthen their market position. Recent news developments include the acquisition of Auris Health by Johnson Johnson in 2021 and the launch of the Elumend Drug-Eluting Tracheal Stent by Boston Scientific in 2022. These developments indicate a competitive and dynamic market landscape.
Airway Stents Market Segmentation Insights
Airway Stents Market Stent Material Outlook
- Metallic Stents
- Silicone Stents
- Polyurethane Stents
Airway Stents Market Type Outlook
- Self-expanding Stents
- Balloon-expandable Stents
- Covered Stents
- Uncovered Stents
Airway Stents Market Application Outlook
- Tracheal Stents
- Bronchial Stents
- Esophageal Stents
- Other Airway Stents
Airway Stents Market Length Outlook
- 5 cm
- 5-10 cm
- 10-15 cm
- 15 cm
Airway Stents Market Diameter Outlook
- 10 mm
- 10-15 mm
- 15-20 mm
- 20 mm
Airway Stents Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
3.47(USD Billion) |
| Market Size 2023 |
3.68(USD Billion) |
| Market Size 2032 |
6.3(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
6.15% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
MUTAFO, NCP, NTS, Papyrus, OFFICE 2000, RAJA, ELKO, WEBCON, LUKSPAPER, JaJa, TEDAR, SQUALO PAPER, CJSC, OFFICE DEPOT, EURO OFFICE CENTER, CULTURA |
| Segments Covered |
Stent Material, Type, Application, Length, Diameter, Regional |
| Key Market Opportunities |
1 Increasing prevalence of chronic respiratory diseases2 Growing demand for minimally invasive procedures3 Technological advancements in airway stenting4 Expanding geographical reach of emerging markets5 Untapped potential in developing countries |
| Key Market Dynamics |
Technological advancements increasing prevalence of respiratory disorders growing geriatric population rising healthcare expenditure expanding healthcare infrastructure |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Airway Stents Market was valued at USD 3.68 Billion in 2023 and is expected to reach USD 6.3 Billion by 2032, exhibiting a CAGR of 6.15% during the forecast period.
North America is expected to dominate the Airway Stents Market, accounting for the largest market share due to the high prevalence of respiratory diseases and the presence of well-established healthcare infrastructure.
Airway Stents are primarily used in the treatment of various airway conditions, including tracheal stenosis, tracheobronchial tumors, and airway malacia.
Some of the key players in the Airway Stents Market include Boston Scientific, Cook Medical, Olympus, Teleflex, and Aesculap.
Growing prevalence of respiratory diseases, rising demand for minimally invasive procedures, and technological advancements in stent design are driving the growth of the Airway Stents Market.
Challenges faced by the Airway Stents Market include strict regulatory approvals, concerns regarding long-term safety and efficacy, and competition from alternative treatment options.
Emerging trends in the Airway Stents Market include the development of biodegradable stents, personalized stent design, and the use of advanced imaging techniques for stent placement.
The Airway Stents Market is expected to exhibit a CAGR of 6.15% during the forecast period from 2024 to 2032.
The tracheal stenosis segment is expected to hold the largest share of the Airway Stents Market due to the high prevalence of tracheal stenosis and the availability of effective stent solutions.
Key growth strategies adopted by players in the Airway Stents Market include product innovation, strategic collaborations, and geographical expansion.
