Ureteral Stents Market – By Product Type (Double Pigtail, Open-Ended, Close-Ended, Multiloop), By Application (Kidney Stones, Kidney Transplant, UTI), By Material (Metal, Polyurethane, Silicon, Hydrogel), By End-use – Global Forecast 2024 – 2032
Report ID: GMI8522
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Published Date: March 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 10
Tables & Figures: 306
Countries covered: 22
Pages: 180
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Ureteral Stents Market
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Ureteral Stents Market Size
Ureteral Stents Market size was valued at around USD 470.6 million in 2023 and is expected to reach around USD 792.2 million by 2032 at a CAGR of 6% during the forecast period. The market is expected to experience growth driven by the increasing prevalence of urological disorders coupled with the rising demand for minimally invasive procedures.
Ureteral stents are thin, flexible tubes made of medical-grade materials, designed for temporary placement within the ureters. These stents are used in medical procedures to alleviate obstruction or promote healing by providing a conduit for the passage of urine. A major factor contributing to the growing demand for ureteral stents is the rising incidence of kidney stone cases.
For instance, according to a study published by Science Direct, in 2022, Urolithiasis was one of the most common urologic diseases worldwide, with an estimated prevalence ranging from 1% to 13% in different regions across the globe. The steady increase in the prevalence of kidney stones globally is attributed to dietary habits, sedentary lifestyles, and inadequate hydration. As kidney stones obstruct the flow of urine from the kidneys to the bladder, ureteral stents play a pivotal role in relieving this obstruction and preventing complications such as hydronephrosis and renal damage.
Moreover, minimally invasive surgeries, such as endoscopic and laparoscopic procedures, are becoming more prevalent for treating urological disorders. Ureteral stents are often employed postoperatively to facilitate recovery, reduce complications, and enhance patient comfort. The evolution of these advanced techniques has led to a higher demand for these minimally invasive surgical instrument as an integral component of modern urological care, driving the market's growth.
Ureteral Stents Market Trends
Advancements in healthcare technology have played a pivotal role in shaping and improving various medical interventions, and this progress has significantly contributed to the growth and development of ureteral stents. These technological innovations have enhanced the design, placement procedures, and overall efficacy of ureteral stents, making them more efficient tools in the management of urological disorders.
Ureteral Stents Market Analysis
The market by product type is categorized into double pigtail, open-ended, close-ended, and multiloop. The double pigtail segment dominates the market with a revenue of around USD 177.8 million in 2023.
The ureteral stents market by application is categorized into kidney stones, kidney transplant, urinary tract infection, and other applications. The kidney stones segment dominates the market with a revenue of around USD 158 million in 2023.
Based on the material, the ureteral stents market is segmented into metal stents, polyurethane stents, silicon stents, and hydrogel stents. The metal stents segment is anticipated to reach USD 289.5 million by 2032.
The ureteral stents market by end-use is categorized into hospitals, ambulatory surgical centers, and other end-users. The hospitals segment dominates the market with a revenue of around USD 228.3 million in 2023.
North America ureteral stents market accounted for USD 190.6 million in revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline.
Ureteral Stents Market Share
The ureteral stents industry is fragmented in nature, with various large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel treatments with improved efficiency and cost-effectiveness are among a key market strategy for ureteral stent manufacturers.
Ureteral Stents Market Companies
Some of the eminent market participants operating in the ureteral stents industry include:
Ureteral Stents Industry News:
Ureteral Stents Market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 – 2032 for the following segments:
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Market, By Product Type
Market, By Application
Market, By Material
Market, By End-use
The above information is provided for the following regions and countries: