Global ureteral stents market is expected to grow at a CAGR of 8% during forecasted period 2017-2023

Boston Scientific Corporation (US), Cook Medical, Inc. (US), C. R. Bard, Inc. (US), Medline Industries, Inc. (US), Allium Medical Solutions Ltd (Israel), Pnn Medical A/S (Denmark), B. Barun melsungen (Germany), Urovision (Germany), Surgimedik, Coloplast (Denmark), Applied Medical (US), Teleflex (US), Urotech, Opti-Med, Goharshafa, Mednova, ConMed, W. L. Gore & Associates Inc., Merit Endotek, Micro-Tech Co., Ltd, Rontis Medical, Smiths Medical are some of the prominent players at the forefront of competition in the Global Ureteral Stents Market and are profiled in MRFR Analysis. 

Global Ureteral Stents Market - Overview

Ureteral stents are used to treat or prevent the obstruction of urinary flow. It is a small tube inserted into ureter to remove the obstruction in the urinary flow. The major factor responsible for driving this market are increasing prevalence of number of acute and chronic kidney and urinary disease. Increase elder population, adoption of sedentary lifestyle and poor diet are responsible for causing many of the kidney and urinary tract problems. However, high cost of the treatment and side effects of the treatment are the major restraining factors for the market growth. Global ureteral stents market is expected to grow at a CAGR of 8% during forecasted period 2017-2023.

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The major risk factors for kidney disease incorporate high blood pressure, diabetes and history of kidney failure within the family, that are majorly found in individuals that are age 60 or older. Other risk factors that influence the rate of urolithiasis among the adult population include smoking, obesity and cardiovascular diseases. For instance, according to National Kidney Foundation it has been found that more than 73 million adults have high blood pressure and 29 million adults have high diabetes which are the major reason for urolithiasis. This is the reason behind increasing cases of urolithiasis among the adult population, which in turn is driving the growth of the ureteral stents market.

Moreover, poor nutrition is boosting the market growth. As diet plays an essential part in the advancement of kidney stones, particularly in individuals who are predisposed to the condition. The rate of stone disease tends to rise during times of affluence, and numerous specialists have inferred that kidney stone is, at least in part, a nutritional disease. The rise of kidney stone is not just found in adults but also in children. Kidney stones in children, once thought to be uncommon, are presently turning into a fairly common condition and are seen even in young ages. About 65 % of kidney stones are formed when oxalate, a by-product of specific sustenance, binds to the calcium particles present in the urine. The two major elements for this binding process are not drinking enough liquids and consuming excessive amounts of salt. They both increment the measure of calcium and oxalate in the urine. In children it is very common as they tend to drink very less water and avoid urinating. Most children are now facing kidney diseases due to poor nutrition resulting in the market growth globally.

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Global Ureteral Stents Market   - Competitive Analysis

Due to increasing prevalence of kidney diseases globally many of the companies are in the race of inventing the better treatment for ureteral stents market. Companies are using a trend of strategic alliance and acquisition to gain the market and minimize the competition in the market.

Boston Scientific a US based company is the leading company for the ureteral stents market. Contour, Percuflex and Polaris are the most successful and widely used product all over the world.

C. R. Bard, Inc. has introduced INLAY OPTIMA and BARDEX family of ureteral stents. It has been engineered to achieve optimal patient comfort by having an ultra-smooth surface and the ability to soften at body temperature.

Cook Medical which is one of the prominent vendor offers Universa, Sof-Flex and C-Flex and are widely accepted by peoples. They have introduced Resonance Metallic Ureteral Stent which is used for temporary stenting of the ureter in adult patients with extrinsic ureteral obstruction.

UroMed has introduced the UNIVERSAL CATHETER VALVE to control the emptying of the urinary bladder. Beside this NEPHROquick and STONIZER are the other widely used product of the company.

Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position.

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Global Ureteral Stents Market   - Regional Analysis

Geographically, North America accounts the highest market for ureteral stents. Due to increasing prevalence of kidney diseases and presence of many of the major player are responsible for the growth of the market. Europe is the second largest market for ureteral stents market which is followed by Asia Pacific. Due to increasing prevalence of many of the chronic urinary diseases in Asia Pacific is the fastest growing region. However, The Middle East and Africa has the lowest market for ureteral stents because of limited development in medical field.

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