The global ureteral stent market is poised for substantial growth, with projections indicating a rise from US$ 385.9 Million in 2022 to a staggering US$ 616.8 Million by 2032, boasting a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period.
Ureteral stents, comprising fine plastic tubes designed to facilitate urine flow through obstructed ureters, are witnessing escalating demand driven by a spectrum of urinary tract disorders. These conditions necessitate interventions to restore normal urinary function, propelling the growth of the ureteral stent market.
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The adoption of ureteral stents is gaining momentum, owing to their efficacy in alleviating urinary blockages through a minimally invasive procedure known as ureteral stenting. Positioned within the ureters, these devices ensure unimpeded urine flow by bridging the gap between the kidney and the urinary bladder.
Crucially, technological advancements in interface platforms tailored for stent case management and patient safety are further catalyzing market expansion. These innovative solutions, catering to the needs of both healthcare providers and patients, are set to drive the demand for ureteral stents in the coming years.
“The growing prevalence of urinary tract disorders underscores the significance of ureteral stents as indispensable medical devices,” commented FMI. “With ongoing advancements in technology and a burgeoning demand for minimally invasive interventions, the ureteral stent market is poised for remarkable growth.”
As the global healthcare landscape continues to evolve, stakeholders within the ureteral stent market are primed to capitalize on emerging opportunities, driving innovation and enhancing patient outcomes.
Ureteral Stent Market: Drivers and Restraints
Drivers:
- Increasing Urological Procedures: The rise in the number of urological procedures is a significant driver for the ureteral stent market. Factors such as sedentary lifestyles and an expanding elderly population contribute to this increase.
- Demographic Factors: Factors like poor dietary habits, low fluid intake, increasing obesity levels, and a rising caseload of metabolic disorders contribute to the growth of the market by necessitating more urological interventions.
- Technological Advancements: Advancements in stent composition materials, such as those aimed at minimizing patient discomfort, as well as innovations in mesh stent design and construction, contribute positively to market growth by enhancing patient outcomes and satisfaction.
- Smartphone Applications: The availability of innovative smartphone applications for stent case management and patient safety has boosted market growth. These applications provide useful tools for both physicians and patients, improving overall care and management of ureteral stent cases.
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Restraints:
- Complex Procedure: The complexity of stent placement procedures poses a significant restraint to market growth. This complexity can lead to challenges in adoption and utilization, particularly in regions with limited access to skilled surgeons and healthcare facilities.
- Lack of Skilled Surgeons: A shortage of skilled surgeons specialized in ureteral stent placement and management acts as a restraint to market growth. This limitation can hinder the adoption of stent procedures and affect patient access to adequate care.
- Complications and Discomfort: Complications following stent removal, as well as discomfort associated with living with a ureteral stent, are major restraints for market growth. Side effects such as increased frequency and urgency of urination can impact patient satisfaction and adherence to treatment.
Overall, while factors such as increasing urological procedures and technological advancements drive the growth of the ureteral stent market, challenges such as procedural complexity, shortage of skilled surgeons, and patient discomfort pose significant barriers to its expansion.
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Ureteral Stent Market: Segmentation
Global ureteral stent market has been segmented on the basis of type, application, end user and region.
Based on the type, the global ureteral stent market is segmented into:
- Open end stents
- Closed end stents
- Double pigtail stents
- Multiloop stents
Based on the composition material, the global ureteral stent market is segmented into:
- Polyurethane stents
- Silicone stents
- Hydrogel stents
- Plastic stents
- Metal stents
- Coated Stents
Based on the application, the ureteral stent market is segmented into:
- Lithotripsy
- Ureterorenoscopy
- Schistosomiasis
Based on the end user, ureteral stent market is segmented into the following:
- Hospitals
- Gastrointestinal surgery clinics
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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