Report Explores the Ureteral Stents Market Likely to Emerge Over a Period of 2017 - 2023 | Boston Scientific, Coloplast, Medline, Olympus

Ureteral stents are used to enable the drainage of urine from blocked ureters in the case of various urological disorders such as kidney stones, tumors, urinary incontinence, and kidney transplantation.

Constant technological developments, the rise in the incidence of urological diseases, and an increase in medical tourism in the developing countries drive the growth of the market. However, lack of skilled urologists and complications related to ureteral stents are expected to limit the market growth.

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The global ureteral stents market was valued at $304 million in 2016 and is estimated to reach $449 million by 2023, growing at a CAGR of 5.7% from 2017 to 2023. The double pigtail stents segment held the highest market share in 2016.

The global ureteral stents market is segmented based on product, material, application, end user, and geography. On the basis of product, the double pigtail stents segment held the highest market share in 2016, owing to increased use of these instruments in surgical procedures.

By material, Metallic Stents segment held the highest market share in 2016, and Polymer Stents segment is expected to grow at the highest rate, registering the CAGR of 8.2% by 2023.

Based on application, metallic stents segment held the largest market share in 2016, due to the increase in geriatric population and sedentary lifestyle.

Based on the end user, hospitals have witnessed the highest number of urological surgeries, thus accounting for the highest market share in 2016.

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Market Players:

• Boston Scientific Corporation
• B. Braun Holding GmbH & Co. KG
• Cook Group Incorporated
• C. R. Bard Inc.
• Coloplast Ltd.

Key Findings of Ureteral Stents Market:

• Double pigtail stents segment dominated the market in 2016, and multiloop stents segment is projected to grow at the highest CAGR during the forecast period.

• The metallic stents segment accounted for the highest share in 2016.

• U.S. was the major shareholder in the North American ureteral stents
market in 2016.

• Asia-Pacific is expected to register the highest growth rate in future.

• India is expected to grow at the highest CAGR in the Asia-Pacific ureteral stents market.

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