Ureteral Stents Market 2019 | Rapidly Develop by Competitive Landscape? HydrUStent, LDA, UROMED Kurt Drews KG, Taewoong Medical Co., Ltd., Pnn Medical A/S, Optimed Medizinische Instrumente GmbH, Applied Medical Resources Corporation, Allium Medical Soluti

Increasing prevalence of urological and kidney related disorders is expected to result in a high demand for ureteral stents over the forecast period. For instance, according to the study published by the National Center for Biotechnology Information (NCBI), in October 2018, an estimated 1 to 19% of the population in India is suffering from urolithiasis.

Furthermore, increasing demand for kidney transplant procedures is expected to be another factor contributing to the market growth. For instance, according to the Global Observatory on Donation and Transplantation, 2016, around 89,823 kidney transplant surgeries were performed worldwide in 2016, which was an increase by 6.5% from 2015.

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Manufacturers in the ureteral stents market are engaged in product developments and technological innovations which is expected to drive the global ureteral stents market growth. Additionally, increasing focus of physicians towards minimally invasive treatment of ureteral stricture is a major reason driving growth of the market. For instance, C-Flex Double Pigtail Ureteral Stent product from Cook Medical is used for temporary internal drainage from the ureteropelvic junction to the bladder. Some of the key players offering pigtail stents are Boston Scientific, Olympus Medical Corporation, SILMAG, UROMED, Coloplast Ltd, and C.R Bard.

Increasing number of product developments and focus on product improvement are contributing significantly to the growth of the global ureteral stents market. For instance, in 2015, Coloplast A/S conducted a study on its Double Loop Ureteral stent endoscopic placement for Kidney Calculi indication in Europe. Through this study, the company focused on understanding the effects of a silicone hydro-coated double loop ureteral stent on symptoms and quality of life in patients undergoing ureteroscopy for kidney stone.

Companies are focused on developing technologies that can bypass limitations such as infection, discomfort, and other urological disorders. For instance, in January 2019, Q Urological Corporation developed an aqueous hydrogel biomaterial, pAguamedicina, and a patented processing method for production of very high aqueous content to produce 100% all hydrogel catheters and stents.

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Increasing number of product approvals from regulatory agencies is also expected to generate significant demand for ureteral stents during the forecast period. For instance, in November 2018, BrightWater Medical, Inc. received the U.S. FDA approval for its ConvertX Nephroureteral Stent System for ureteral obstructions.

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