Seattle, WA -- (SBWIRE) -- 11/06/2019 -- Growing prevalence of urolithiasis across the globe due to changes in lifestyle such as dietary habits or sedentary lifestyle is expected to fuel growth of the global ureteral stents market during the forecast period. Urolithiasis is a urologic disorder and places a significant burden on the healthcare system. According to a study published in the National Center for Biotechnology Information (NCBI), in October 2018, around 19% of the population in India is suffering from urolithiasis.
Ureteral plays a key role in human body, which is to hold the ureter and maintain drainage of urine. There are tubes made of smooth muscle fibers that propel urine from kidney to the urinary bladders. Generally, in adults, ureters are 10-12 inch long and 0.12-0.16 inch in diameter. These ureteral stents are used for several medical conditions such as lithotripsy, blockage of the ureter, and ureter healing. Urinary incontinence is a crucial medical condition, in which ureteral stents are used to control and regulate the urine flow. Furthermore, the duration of ureteral stent in treatment depends upon an individual's medical condition, which can be placed for short-term or long-term treatment. However, there are few adverse effects of ureteral stents such as difficulty in physical activities.
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The global ureteral stents market was valued at US$ 359.9 million in 2018, and is expected to witness a CAGR of 5.8% during the forecast period (2018 – 2026).
Furthermore, key players in the market are involved in various growth strategies such as product launches, capacity expansion, and acquisition, which is expected to propel growth of the global ureteral stents market in the near future. For instance, in April 2018, Dornier MedTech launched and availability of AXIS Single-Use Digital Flexible Ureteroscope and Stone Management Products such as ureteral stents and guidewires at the 2019 American Urology Association Meeting in Chicago, U.S. Moreover, in June 2019, Merit Medical Systems, Inc. acquired Brightwater Medical, Inc., to align Merit's resolve drainage catheter portfolio with the Brightwater's ConvertX biliary stent system to enhance the company's sales outside the U.S.
Moreover, facility expansions by market players is expected to contribute to the market growth. For instance, in March 2019, Pnn Medical A/S announced its entry in the France market through its own operating sales force in February 2019.
Growth is attributed to presence of key market players such as Becton, Dickinson and Company (Bard Medical), Cook Medical, and Teleflex Incorporated in the region. Moreover, growing prevalence of kidney disorders in the region is also expected to drive North America ureteral stents market growth. For instance, in November 2018, the National Health and Nutrition Examination Survey (NHANES), kidney stone cases in the U.S. in 2013–2014 were 10.1% of total population.
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For instance, in May 2018, Allium Medical received regulatory clearance from the China Food and Drug Administration (CFDA) to market its portfolio of urological systems that includes products such as minimally-invasive BPH implant and premium urological stents, in China.
Moreover, Europe is expected to witness significant growth, owing to high presence of key players in the region. For instance, major players such as Teleflex Incorporated offer a wide range of ureteral stents such as superglide ureteral stents, antireflux valve DD stents, special ureteral stents which include integral stents with one pigtail, and integral stents closed with tips on both sides among others.
Key players operating in the global ureteral stents market include HydrUStent, LDA, UROMED Kurt Drews KG, Taewoong Medical Co., Ltd., Pnn Medical A/S, Optimed Medizinische Instrumente GmbH, Applied Medical Resources Corporation, Allium Medical Solutions Ltd., Cook Group, Becton, Dickinson And Company, B. Braun Melsungen AG, Coloplast A/S, Q Urological Corporation, Boston Scientific Corporation, Olympus Corporation, and Teleflex Incorporated.
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