Ureteral stents are defined as small thin tubes that are inserted into the ureter to prevent or treat obstruction in urinary flow from the kidney. Market Research Future (MRFR) has published a research report about the global ureteral stents market that infers extension of this market at 8% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2023.
Observing the market structure, this report offers insights about factors affecting the market growth. Measuring the market size and foretelling the revenue, this reports examines and monitors the competitive developments of market players that include joint ventures, new product developments, mergers and acquisitions, research and developments (R&D), and strategic alliances.
The key factors that aid the growth of the global ureteral stents market include the adoption of a sedentary lifestyle, expanding elder population base, lack of exercise, and poor dietary habits. Other factors leading to market growth are advancements in stents composition materials, increasing obese population, and increasing the prevalence of metabolic ailments. However, two factors that can hamper the market growth are complications after removal of the stent, lack of skilled surgeons, and side effects of the treatment.
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Latest Industry News
An innovative treatment that can reduce the size of the prostate gland within 10 minutes without surgery has been successfully tested at the “Ziv” hospital in northern Israel. 7 JAN 2019
Boston Scientific has launched LithoVue Empower retrieval deployment device. This device has been designed to be used with the LithoVue single-use digital flexible ureteroscope during ureteroscopic kidney stone retrieval procedures. 21 SEP 2018
Players and New Trends
The key players in the global ureteral stents market include Allium Medical Solutions Ltd (Israel), Applied Medical (USA), B. Barun Melsungen (Germany), Boston Scientific Corporation (USA), Coloplast (Denmark), ConMed (USA), Cook Medical Inc. (USA), C. R. Bard, Inc. (USA), Gohar Shafa (Iran), Medline IndUSAtries, Inc. (USA), Mednova (China), Merit Endotek (USA), Micro-Tech Co. Ltd (South Korea), Opti-Med (Germany), Pnn Medical A/S (Denmark), Rontis Medical (Switzerland), Smiths Medical Inc. (USA), Surgimedik (India), Teleflex (USA), Urotech (India), Urovision (Germany), and W. L. Gore & Associates Inc. (USA).
‘Bard Medical’ is another renowned manufacturer that helps medical experts in ureteroscopic, cystoscopic, & nephroscopic methods. The past years have witnessed design changes in the form of drug-eluting stents, drug-coated stents, and localized stenting. Thus, many of the eminent companies focusing on product innovations and regional expansion are bound to generate higher revenues & recognition.
Segments for Global Ureteral Stents Market
The global ureteral stents market has been segmented on the basis of applications, material, type, and lastly, region. Via application-based segmentation, this market has been segmented into lithotripsy, ureterorenoscopy, and others. As per material-based segmentation, the market has been segmented into hydrogel stents, metal stents, plastic stents, polyurethane stents, silicone stents, and others. By type, the market has been segmented into closed-end stents, double pigtail stents, multiloop stents, and open end stents.
Regional Analysis for Global Ureteral Stents Market
The regional segmentation of the global ureteral stents market can segment the market into regional markets known as Latin America, North America, Europe, Asia Pacific, and the Middle East & Africa (MEA). During the forecast period, the developed economies in North America and Europe are expected to grow rapidly. Factors strengthening the market growth in these two regions are the availability of advanced medical facilities, constant R&D in the projects, the presence of the prominent market players, and rise in the number of urological surgeries. In North America, the USA and Canada are the most important country-specific markets.
In Latin America, Argentina and Brazil are two strong economies that have the potential to grow as suitable markets. Due to the factors same as the Americas, Western Europe is a bigger market than Eastern Europe. The major country-specific markets in Europe are France, Germany, Italy, Spain, and the UK, followed by the remaining countries of Western Europe and Eastern Europe.
During the forecast period, the Asia Pacific region is likely to witness the positive growth due to favorable patient demographics and emerging healthcare infrastructure. In this region, the crucial country-specific markets are Australia, India, China, Japan, and South Korea, followed by the other countries in the Asia Pacific region.
In the MEA region, the Middle East region has hospitals that are providing better services in the urology. In the African region, the market is low due to poor countries, lack of awareness, lack of advanced medical facilities, low standard of medical facilities, lack of education, lack of healthcare facilities, and most governments not considering healthcare a priority.
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Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
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