Global Ureteral Stents Market 2019 Insights Business Opportunities, Current Trends and Restraints Fo
Ureteral stents are soft hollow tubes that are used to allow for drainage around a kidney stone or increasing the pace of recovery after a surgery. The first ureteral stents came into use in the 1800s.Ureteral stents are also put in after a surgery so as to prevent swelling. According to a report published by Market Research Future, the global ureteral stents market is expected to grow at a CAGR of 8% during forecasted period 2017-2023.
A ureteral stent is used primarily to prevent or cure any sort of impediment to the urine flow from the kidney. There are many medical conditions which necessitate the usage of ureteral stent for example patients who have kidney stones and other related surgeries, in this situation the stents allow the residues to flow out freely without blocking the ureter. They are also used in case of a scratched ureter following an ureteroscopy.
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The market for ureteral stents has grown recently due to increase in the number of kidney related diseases. Due to better detection and medical expertise availability, these diseases can be treated at an earlier stage where preventative healthcare can still give positive results which require use of such stents. Factors such as sedentary lifestyle due to nature of work and increase in levels of convenience have led to an increase in the number of kidney related diseases. Increase in the population base of individuals over 60, poor intake of nutritious food leading to rise in the level of fast food consumed, limited or low levels of exercise are general causative factor for increase in the number of cases for kidney diseases. Thus when kidney problems develop in relation to these factors, surgeries like Ureteroscopy and Ureterorenoscopy require the use of these types of stents thereby giving rise to their markets worldwide.
Players and New Trends
With the entry of new industry players in the global ureteral stents market segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced product types in the segment. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Constant improvements in R&D strategies have to be devised so as to ensure better product quality.
The prominent players in the market include Boston Scientific Corporation (US), Cook Medical, Inc. (US), C. R. Bard, Inc. (US), Medline Industries, Inc. (US), Allium Medical Solutions Ltd (Israel), Pnn Medical A/S (Denmark), B. Barun melsungen (Germany), Urovision (Germany). Other prominent companies in this sector are Surgimedik, Coloplast (Denmark), Applied Medical (US), Teleflex (US), Urotech, Opti-Med, Goharshafa, Mednova, ConMed, W. L. Gore & Associates Inc., Merit Endotek, Micro-Tech Co., Ltd, Rontis Medical, Smiths Medical and many more.
Segments for Global Ureteral Stents Market
Global ureteral stents market is segmented into the following categories:
On the basis of type open end stents, double pigtail stents, closed end stents, multiloop stents.
On the basis of material type metal stents, silicone stents, plastic stents, hydrogel stents, polyurethane stents and other.
On the basis of application ureterorenoscopy, lithotripsy and other
Global Ureteral Stents Market - Regional Analysis
Regional Analysis for Global Ureteral Stents Market
The worldwide market is classified into materials, kinds, applications, and regions. Silicon, metal, hydrogel, plastic, polyurethane, etc. form the materials. The kinds encompass closed end, double pigtail, open end, and multiloop. Based on applications, the market consists of lithotripsy, ureterorenscopy, and others. Latin America, North America, Eastern Europe, Asia Pacific, Western Europe, and the Middle East & Africa constitute the geographies.
Emerging markets, such as Europe and North America are predicted to undergo swift expansion. Their increasing participants, research & developments, and urology incidences drive their sales. Asia Pacific would observe decent trends, as a consequence of its expanding medical infrastructure & supportive ‘patient-demographics.’ Asia Pacific is home to even more patients suffering from these diseases. With better fiscal conditions in India, China, and Brazil; majority of the business expansion could be ascribed to the collective demand from these nations. The Middle East specializes in advanced urology services.
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