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A ureteral stent is a hollow tube inserted into ureter to cure the obstruction of urine flow and help in the proper functioning of the kidney. Where one end of the tube is placed at the kidney and the other end at the bladder which helps to prevent urinary blockage and flow of urine from the kidney to bladder during obstruction of normal urine flow. These stents are inserted along with cystoscope. Moreover, kidney stones, Kidney transplants, and others need the ureteral stent.
Rise in kidney disorders, rise in the geriatric population, rise in urbanization, increase in sedentary lifestyles are the major factors driving the market growth during the forecast period. Additionally, changes in diet consisting of more calcium, usage of dietary animal protein, vitamin supplements are others are also influencing the market growth owing to their negative influence on the normal functioning of the kidney. Furthermore, the manufacturer's interest in new product line development by advanced technology is propelling the growth of the market during the course of the period.
Key Market Driver -
Prevalence of kidney disorder, and increase in urinary tract infection
Key Market Restraint -
high cost of the procedures
For instance, bio-absorbable stents, smart phone apps that are helping urologists track the ureteral stents. Moreover, government initiative towards the creation of healthcare awareness, research, and development activities are triggering the ureteral stents market in the near future. For instance, robotic-assisted surgeries are helping in minimally invasive surgeries leading to faster recovery of the patient, decreased length of hospitalized stay.
However, lack of skilled professionals, lack in technology penetration, high cost of the procedure, and stringent regulations are hindering the growth of the market.
The major companies in the ureteral stents market report include Boston Scientific Corporation, Cook, Medtronic, Richard Wolf GmbH, Olympus Corporation, Teleflex Incorporated, Stryker, KARL STORZ, and Dornier MedTech
Geographically, the ureteral stents market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is dominating the market owing to the rise in the prevalence of urinary tract disorders, a rise in healthcare expenditure, early adoption of technology, and increased sedentary lifestyle. Along with this, owing to the presence of key players of the market in this region which include Skylar Surgical Instruments, and others.
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Europe is the second-largest contributor in the market owing to the rise in healthcare awareness and improved healthcare infrastructure. Asia Pacific is anticipated to witness lucrative growth owing to the rise in geriatric population, increase in healthcare awareness, and government initiatives related to healthcare treatments, increases in research and development activities. Middle East and Africa are also expected to experience lucrative growth during the forecast period.
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