Ureteral Stents Market 2020 Global Trend, Segmentation and Opportunities - Forecast to 2027

Increasing Prevalence of Kidney Disorders Poised to Expound Ureteral Stents Market

Ureteral stents are developed for treating obstructions in urinary flow. A lot of factors result in abnormal functioning of the kidney, which is likely to increase the demand for the product in the forthcoming years. The observation offered by Market Research Future (MRFR) reveals that the global Ureteral Stents Market is set to expand at a CAGR of 8% across the review period 2017 to 2023.

The increasing population of patients having diabetes is one of the crucial factors responsible for the development of the ureteral stents market. In addition, sedentary lifestyle and poor dietary habits are also poised to boost the patient population, thus, enabling expansion of ureteral stents market in the foreseeable future. However, the adverse effects of the stents and complications in its removal remain impediments to market growth.

Ureteral Stents Market leaders

The landscape of the market exhibits healthy competition. Increasing investments in research & development are expected to bring innovations in the ureteral stents market in the upcoming years. Technological innovations are likely to pave the way for new entrants, thus supporting the expansion of the market over the next couple of years.

Cook Medical, Inc. (US), Boston Scientific Corporation (US), C. R. Bard, Inc. (US), Allium Medical Solutions Ltd (Israel), Medline Industries, Inc. (US), Pnn Medical A/S (Denmark), Applied Medical (US), Urovision (Germany), B. Barun melsungen (Germany), Coloplast (Denmark), Teleflex (US) are some of the prominent players in the global ureteral stents market profiled in this MRFR report. Other important participants of the global market are Urotech, Surgimedik Opti-Med, Goharshafa, ConMed, Mednova, W. L. Gore & Associates Inc., Micro-Tech Co., Ltd, Merit Endotek, Rontis Medical, and Smiths Medical.

Ureteral Stents Market Segmentation:

The key segments of the global ureteral stents market, on the basis of its type, are open end stents, closed end stents, double pigtail stents, and multiloop stents.

Based on the type of material, the ureteral stents market has been segmented into metal stents, plastic stents, polyurethane stents, silicone stents, hydrogel stents, and other.

The important applications identified for providing an informative insight into the ureteral stents market are lithotripsy, ureterorenoscopy, and others.

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Ureteral Stents Market Regional Analysis:

The geographical evaluation of the global ureteral stents market spans across five regions, which are North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa (MEA). North America is expected to generate considerable revenue from the market in the forthcoming years. The key factor facilitating the expansion of the ureteral stents market in the region is the developed healthcare infrastructure that enables the adoption of new techniques and procedures. The region’s penchant for technology is anticipated to drive the expansion of the regional market in the years to come. In addition, the region is witnessing a massive increase in the population of diabetic patients. This, in turn, is projected to expedite the proliferation of the ureteral stents market in the region over the next few years.

Europe is poised to show a healthy growth pattern in the upcoming years. The region is likely to benefit from the rising number of research & development projects being carried on in the healthcare sector. Moreover, the rising investments from the governments, in conjunction with the implementation of favorable laws supporting research projects, is expected to boost the revenue creation of the participants of the ureteral stents market in the region.

Asia Pacific is expected to exhibit positive growth over the next couple of years. The region is witnessing a boom in the healthcare sector coupled with technological advancements. These factors are projected to catapult the regional ureteral stents market on upward trajectory. In addition, the rising patient population of the region is also prognosticated to favor the proliferation of the regional market in the upcoming years. Meanwhile, the growth of the healthcare sector in the developing and developed economies of the Middle East is likely to drive the expansion of the ureteral stents market in MEA.