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Ureteral Stent Market to Provide Lucrative Opportunities With Top Players HydrUStent, LDA, UROMED Kurt Drews KG, Taewoong Medical Co., Ltd., Pnn Medical A/S

07-22-2021 09:34 AM CET | Health & Medicine

Press release from: Coherent Market Insights

Ureteral Stent Market

Ureteral Stent Market

A ureteral stent is a thin flexible tube inserted directly into the ureter in order to prevent or remedy obstruction of the urinary passage from the ureter. The length of these stents used for adult patient’s ranges between 30 and 24 inches. Additionally, different diameters or sizes of stents are available, to suit different ureter sizes. This allows treatment options to be tailored to the individual, as well as to the extent of obstruction.

Urinary stents are made of either metal silicone or plastic. They are placed directly into the bladder via the urethra valve. Ureteral stents can either be made percutaneously, via surgery or by means of an outpatient procedure. Depending on the type of ureter that is affected, the procedure can be either a single needle or multiple needles.

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The growing prevalence of urological diseases around the globe is driving the growth of the ureteral stents market. Growth in the kidney transplant coupled with the technological advancement in the ureteral stents is again contributing to the growth of the market. According to the United States Renal Data System, nearly 750,000 patients per year in the United States and an estimated 2 million patients worldwide are affected by kidney failure. The need for donor kidneys in the United States is rising at 8% per year. African Americans are 3.5 times more likely to have kidney failure. Moreover, growing healthcare spending by key manufacturers is further anticipated to foster the growth of the ureteral stents market.

North America is projected to gain significant growth over the forecast period and this is attributed to the rapid adoption of advanced medical devices including ureteral stents in the region. Also, the manufacturer are introducing innovative products for improving the efficacy which is further projected to propel the growth of the market. For instance, in April 2019, Dornier MedTech (Dornier), a global urology company and a provider of kidney stone management, announced the launch of its new AXIS™ Single-Use Digital Flexible Ureteroscope (AXIS™) and Stone Management Products in the United States.

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Top Key Players:

HydrUStent, LDA, UROMED Kurt Drews KG, Taewoong Medical Co., Ltd., Pnn Medical A/S, Optimed Medizinische Instrumente GmbH, Applied Medical Resources Corporation, Allium Medical Solutions Ltd., Cook Group, Becton, Dickinson And Company, B. Braun Melsungen AG, Coloplast A/S, Q Urological Corporation, Boston Scientific Corporation, Olympus Corporation, and Teleflex Incorporated.

Key Developments:

1. In October 2020, Allium Medical Solutions Ltd., which specializes in minimally invasive technologies announced that its urological stents received CE Mark for a new indication for treating urethral fistula after a successful trial.

2. In November 2017, Fannin Innovation Studio has been awarded a $224,692 grant from the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK) to develop and test a novel medical device for removing ureteral stents in children.

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Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

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