GLOBAL LUNG STENT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Global Lung Stent Market, By Product Type (Tracheobronchial Stents, Esophageal Stents, Pulmonary Artery Stents, Lobar Bronchus Stents, Others), By Material (Metal Lung Stents, Silicone Lung Stents, Hybrid Lung Stents and Others), By Type (Self-expandable Stents and Balloon- expandable Stents), By End User (Hospitals, Ambulatory Surgical Centers and Specialty Clinics), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Global Lung Stent Market Regional Insights

North America is expected to be the largest market for lung stent over the forecast period and it accounted for over 36.3% of the market share in 2023. The growth of the market in North America is attributed to the presence of leading medical device companies, established healthcare infrastructure, and high healthcare spending, have driven market growth over the years. Furthermore, the strong focus on research and innovation has led to new product launches, thereby augmenting market expansion.
Europe is expected to be the second-largest market for lung stent, which accounted for over 30.4% of the market share in 2023. The growth of the market is attributed to the availability of favorable reimbursement scenario for interventional lung procedures in countries such as Germany, UK and France is playing a crucial role in driving the demand for lung stents
Asia Pacific is expected to be the fastest-growing market for lung stent, which is expected to grow at a CAGR of over 8.2% during the forecast period. The growth of the market in Asia Pacific is attributed to the rapidly developing economies such as China and India, which are expected to showcase high investment opportunities owing to increasing healthcare expenditures and expanding healthcare infrastructure. Improving regulatory guidelines and reimbursement policies is positively impacting market dynamics. In addition, growing preference for minimally invasive procedures among patients

Figure 1. Global Lung Stent Market Share (%), by Region, 2023

Geographies covered:

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East: GCC Countries, Israel, and Rest of Middle East
Africa: South Africa, North Africa, and Central Africa