Advanced product development, coupled with R&D activities helps the vendors to expand their presence, enhance market growth, and sustain their market position in the global ureteral stents industry.
According to the latest Arizton's market research report, the ureteral stents market size to be valued at approximately USD 371 million by 2026, growing at a CAGR of around 3% during the forecast period.
Global Ureteral Stents Industry Growth
Advanced product development, coupled with R&D activities helps the vendors to expand their presence, enhance market growth, and sustain their market position in the global ureteral stents industry. This in turn positively impacts the market and majorly contributes towards the future growth of the global ureteral stents market. The significant advantages of antimicrobial medical device coating material coupled with manufacturers increasing focuses on the development of antimicrobial coated ureteral stents are expected to fuel the growth of the global ureteral stents industry in the future.
Emergence of Innovative Metallic Stents
Metallic ureteral stent materials exhibit good mechanical strength and are commonly designed to treat malignant ureteral strictures and obstructions to provide long-term internal support and drainage from the kidney to bladder. Metallic ureteral stents impose a promising alternative that can be recruited to deal with ureteral pathologies that are difficult to be treated through common polymeric ureteral stents. In the current clinical applications of metallic ureteral stents for the treatment of both benign and malignant ureteral obstruction demonstrate quite promising results and the global ureteral stents industry is offering a new tool for long-term urinary drainage.
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by product, end-users, application, material, and geography
- Competitive Landscape – 5 Key Company Profiles and 22 Other Prominent Vendors
Global Ureteral Stents Industry – Geographic Analysis
North America has the highest share among all the regions and is likely to witness the highest incremental growth during the forecast period. In 2020, Canada accounted for a share of around 8% of the North America ureteral stents industry. The dominance of North America is mainly attributed to the high prevalence of kidney stone diseases and technological innovations in the ureteral stents. Players are focusing on developing innovative and advanced products that will offer improved treatment outcomes using ureteral stents in the region. The rising awareness of ureteral stents for ureteral disorders coupled with improved healthcare infrastructure, various favorable guidelines, and availability of technologically advanced stents are driving the growth of the ureteral stents industry in Europe.
The global ureteral stents industry is highly competitive with the presence of global, regional, and local players. Key players are dominating the global ureteral stents industry with substantially greater financial, manufacturing, marketing, and technical resources that enable well-established brands, widespread distribution channels, broader product offerings as well as established customer base. The companies have a wide geographic footprint, diversified product portfolio, and a strong focus on product innovation, R&D, and business expansion activities. Technological advancements and scientific discoveries are leading to rapid change in the global ureteral stents market. The market players are expected to drive sales and margin growth in their business by expanding sales organization and securing additional contracts with commercial payors in the global ureteral stents industry.
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