The global ureteral stents market size is anticipated to account for USD 723.6 million by 2027, according to a new report by Million Insights. The market is projected to register 7.0% CAGR over the forecast duration. The increasing number of kidney and urological diseases is driving market growth. Ureteral stents restore the urine flow through blocked ureters. In addition, these devices are used for several other medical conditions like urinary incontinence, kidney transplant and kidney stones. Therefore, an increasing number of these cases are positively affecting the market growth.
The geriatric population is more prone to develop kidney and urological problems. Increasing geriatric population globally is likely to drive the product demand over the forecast duration. As per the World Health Organization report of 2018, by 2050, the population of people aged 60 would reach around 2.0 billion.
Technological advancement and launch of new products are further anticipated to drive the ureteral stent market growth. For example, Boston Scientific, in 2019, introduced LithoVue Empower which is used during retrieval of kidney stones.
By material, a polymer made ureteral stents dominated the market and occupied more than 64.0% share in the market. Benefits such as biocompatibility and flexibility are driving the adoption of this material among physicians. In addition, it can be used for the minimally evasive procedure and help reduce the healing time.
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Further key findings from the report suggest:
• Depending on the material, polymer stents accounted for the highest share in the market of over 64.0% in 2019.
• Based on the application, kidney stones accounted for more than 36.0% share in the market.
• North America emerged as the leading share holder in the market in 2019 and occupied a 33.0% share in the market.
Million Insights has segmented the global ureteral stents market on the basis of material, application and region:
Ureteral Stents Material Outlook (Revenue, USD Million, 2016 - 2027)
• Metallic Ureteral Stents
• Polymer Ureteral Stents
• Silicone Stents
• Polyurethane Stents
• Hybrid Stents
Ureteral Stents Application Outlook (Revenue, USD Million, 2016 - 2027)
• Kidney Stones
• Kidney Transplantation
• Urinary Incontinence
Ureteral Stents Regional Outlook (Revenue, USD Million, 2016 - 2027)
• North America
• The U.S.
• The U.K.
• Asia Pacific
• South Korea
• Latin America
• The Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
List of Key Players of Ureteral Stents Market
• Boston Scientific Corporation
• B. Braun Melsungen AG
• Cook Medical
• Coloplast Ltd.
• Medline Industries
• Merit Medical Systems, Inc.
• Olympus Corporation
• Teleflex Incorporated