According to Coherent Market Insights, the global ureteral stents market size is estimated to be valued at USD 498.2 million in 2022 and is expected to surpass USD 828.4 million by 2030, growing at a CAGR of 5.6% from 2022 to 2030.
Rising
prevalence of urolithiasis and increasing number of nephrolithotomy procedures
drives market growth. According to the National Kidney Foundation, more than
US$ 2.1 billion is spent annually on kidney stone treatment in the U.S. Ureteral
stents are predominantly used in procedures such as lithotripsy and
pyelolithotomy. It is used to prevent postoperative complications such as
ureteral obstruction and infections.
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Market Trends
Biodegradable
stents eliminate the need for secondary removal procedure after a certain
period of time. In October 2018, Surmodics, Inc. announced the commercial
launch of its biodegradable ureteral stent platform called Veyor.
Another trend
gaining traction is adoption of active ureteral stents. In October 2020,
Rocamed entered into a strategic alliance with PNN Medical A/S to distribute
its TULIP ureteral stent. TULIP is an active ureteral stent that generates
peristaltic contractions and simulate the natural ureter function.
Ureteral Stents Market Report Coverage
Report
Coverage Details Market
Revenue in 2022 $498.2
million Estimated
Value by 2030 $828.4
million Growth
Rate Poised
to grow at a CAGR of 5.6% Historical
Data 2017–2020 Forecast
Period 2022–2030 Forecast
Units Value
(USD Million/Billion) Report
Coverage Revenue
Forecast, Competitive Landscape, Growth Factors, and Trends Segments
Covered By
Product Type, By Material Type, By Application, By End User Geographies
Covered North
America, Europe, Asia Pacific, and Rest of World Growth
Drivers •
Increasing incidence of kidney diseases •
Increasing product approvals by regulatory authorities Restraints
& Challenges •
Product recall of ureteral stents
Market
Opportunities
Double pigtail
stents segment is expected to dominate the ureteral stents market. Double
pigtail stents feature a closed loop on both ends that prevent migration of the
stent. Their closed coil design allows them to conform to the anatomy of the
urinary tract comfortably. Their secure fit and low risk of migration make them
one of the most commonly used product types.
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Within the
material type segment, metal stents segment is poised to hold a dominant
position. Metal stents such as nitinol stents offer greater strength and
radiopaque properties. Metal stents radiopaque design allows for easy
visualization under x-rays. It facilitates precise placement and detection of
any mispositioning. They are suitable for management of complex ureteral
obstructions due to durable design and longer durability.
Key Market
Takeaways
The global
ureteral stents market is anticipated to witness a CAGR of 5.6% during the
forecast period. This is owing to the rising prevalence of urolithiasis and
kidney diseases globally.
On the basis of
product type, the double pigtail stents segment is expected to hold a dominant
position. This is owing to their secure fit and low risk of migration.
On the basis of
material type, the metal stents segment is expected to dominate over the
forecast period. This is due to their greater strength and radiopaque
properties facilitating precise placement.
On the basis of
application, the kidney stones segment is poised to be the leading segment.
This is due to increasing incidence of nephrolithiasis globally.
North America is
expected to hold a dominant position over the forecast period. This is owing to
the high caseload of urolithiasis and technological advancements.
Competitor
Insights - Boston
Scientific Corporation - Allium Ltd. - B. Barun
Melsungen AG - Cook,
Coloplast Corp. - Medline
Industries, LP. - Olympus America - Pnn Medical
A/S - Teleflex
Incroporated - Becton - Dickinson and
Company
Recent
Developments
In June 2022,
Boston Scientific Corporation was recognized with a Bronze Edison Award in
Science and Medical Category for its Tria Ureteral Stent. It is first stent
produced to offer protection against urine calcium and salt deposits.
In February
2023, Olympus Corporation announced acquisition of Taewoong Medical Co., Ltd.
It developed gastrointestinal metallic stents to strengthen GI Endo Therapy
capabilities.
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Detailed Segmentation: By Product Type: By Material Type: By Application: By End User: By Region: About Us: Coherent
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