A ureteral stent is a slender tube inserted into the ureter to facilitate with the draining of urine from the kidney and to promote healing and urine drainage following surgery related to kidney stones or the kidney itself. Ureteral stents are designed to keep the ureters open, which are slender and flexible tubes that typically responsible for transporting urine from the kidneys to the bladder. These medical devices are utilized to either prevent or treat ureteral obstructions. Different types of ureteral stents are available, such as the double pigtail suture stent (PSS), which has a hydrophobic coating to decrease encrustation and biofilm formation and the multiloop ureteral stent that is meant to provide temporary drainage of urine from the kidney to the bladder.
According to projections, the global market for ureteral stents is expected to reach a worth of US$ 498.2 million by 2022 and is anticipated to demonstrate a CAGR of 5.6% from 2022 to 2030.
The rising prevalence of kidney disorders is anticipated to fuel the growth of the global market for ureteral stents during the projected duration.
The global market for ureteral stents is anticipated to experience growth during the projected period due to the rising prevalence of kidney diseases. As an example, the United States Renal Data System (USRDS) has reported that nearly 786,000 people in the US suffer from end-stage renal disease (ESRD), with 71% of them requiring dialysis and 29% requiring a kidney transplant. The incidence of ESRD in the United States has increased by 2.3% from 2017 to 2018, with 131,636 cases being diagnosed in 2018. While the unadjusted ESRD occurrence per million has risen by 1.5% between 2017 and 2018, the adjusted ESRD occurrence per million has only increased by 0.2%.
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The growth of the global market for ureteral stents is anticipated to be driven during the projected duration by the rise in product approvals from regulatory authorities.
The global market for ureteral stents is predicted to experience growth during the projected timeframe due to the rise in product approvals by regulatory agencies. An example of this is Allium Medical, an Israeli medical device firm specializing in minimally invasive solutions and technologies, which announced on May 14, 2018 that it had obtained regulatory clearance from the China Food and Drug Administration (CFDA) to sell its range of urological systems in China. As part of an exclusive strategic partnership with a distribution company is poised to benefit from this regulatory approval.
Impact of the COVID-19 Pandemic:
The growth of the global ureteral stents market is likely to be hindered by the COVID-19 pandemic, as surgeries are being delayed or postponed. An article published in the scientific journal PLOS ONE on July 6, 2021, noted the impact of COVID-19 on elective surgeries in Finland, indicating a significant decrease in the number of elective surgeries during the first wave of the pandemic in March 2020. Waiting times for gastrointestinal and genitourinary disorders and neoplasms were also longer in 2020.
Restraints:
The anticipated hindrance to the growth of the global market for ureteral stents during the projected duration is due to product recalls initiated by regulatory authorities or industry players. An example of this is the recall made by Coloplast Corp. on November 12, 2019, of their Biosoft Duo Double Loop Ureteral Stent Kit and Vortek Double Loop Ureteral Stent Kit. This recall was due to the potential for pouches from this batch becoming unsealed, which could compromise the sterility of the device. The lack of sterility in the device increases the patient’s risk of infection.
Regional Analysis:
The global market for ureteral stents is classified based on geographic regions such as Africa, Latin America, Asia Pacific, North America, Europe, and the Middle East.
The ureteral stents market is anticipated to experience profitable growth in North America due to the rising occurrence of chronic kidney disorders in the area. As an example, in 2021, chronic kidney disease affected approximately 15% of the adult population, or 37 million people, in the United States, according to the Centers for Disease Control and Prevention (CDC). Additionally, CKD occurs more frequently in adults over the age of 65 (38%) than in those aged 45–64 (12%) or 18–44 (6%) years old. In the United States, CKD is slightly more common in women (14%) than in men (13%).
Prominent players:
- Merit Medical Systems
- Medline Industries, LP.
- Boston Scientific Corporation
- TAEWOONG
- Allium Ltd.
- Applied Medical Resources Corporation
- Braun Melsungen AG
- Pnn Medical A/S
- Cook
- Coloplast Corp.
- Olympus America
- Becton, Dickinson and company
- Biomerics
- Teleflex Incorporated
- Richard Wolf GmbH
- HydrUStent SA
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| The market size value in 2023 |
Table of Contents with Major Points:
Executive Summary
- Introduction
- Key Findings
- Recommendations
- Definitions and Assumptions
Executive Summary
Market Overview
- Definition of Ureteral Stents Market
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Trends and Developments
Key Insights
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Ureteral Stents Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
Conclusion
Appendix
- Data Sources
- Abbreviations
- Disclaimer
TOC Continued…!
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