Global Ureteral Stents Market by Application (Tumors, Kidney Stones, Kidney Transplantation, Urinary Incontinence), by Material (Polymer, Metallic) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global ureteral market size was estimated at USD 422.9 Million in 2019. It is projected to grow at a compound annual rate (CAGR of 7.0%) between 2020 and 2027. Market growth is mainly driven by the increasing incidence of kidney-related and urological disorders, and the adoption of advanced stents that allow for safe and effective procedures. A ureteral catheter is a narrow hollow tube that is placed into the ureter in order to block the flow of urine from the kidney. These stents can be used to treat kidney stones or urinary incontinence. These ureteral devices allow for the movement of any remaining fragments, without obstructing or clogging the ureter. To allow the ureter to heal properly, any urological or kidney-related procedure requires a ureteral catheter. Ureteral stents are required for any treatment, whether it is to treat prostate cancer or tumors or to prevent narrowing or scarring of the urinary tract.

According to the American Cancer Society estimates, approximately 191,930 men will develop prostate cancer by 2020. These increasing incidences have driven the market for ureteral and ureteral prostheses to increase, which is expected to drive market growth during the forecast period. Market growth is driven by the increasing incidence of urolithiasis, a condition that causes kidney and ureteral stone infections, and urinary incontinence, which can be caused by a variety of factors, including increased calcium intake, increased alcohol consumption, and lifestyle changes. According to a study published by the National Center for Biotechnology Information, (NCBI), 12.0% of Indians are suffering from urolithiasis in 2018. Of these, 50.0% could experience loss of kidney function. In the U.S., 1 in 11 people suffer from kidney stones. Ureteroscopy, ureterorenoscopy, and other procedures, require a ureteral stent to treat kidney stones. This market is booming. These conditions are caused by a combination of unhealthy lifestyle choices, such as drinking alcohol and obesity. This will likely boost the growth in the market for ureteral prostheses.

The demand for ureteral and peritoneal stents has also increased due to the increasing number of kidney transplants. According to the National Kidney Foundation (NKF), there were 121,678 Americans in 2016 waiting for organ transplants. Of these, 100,791 are awaiting kidney transplants. Each month, more than 3,000 people are added to the waiting list for kidney transplants. According to the NHS Blood and Transplant report, there were 4,915 adults on the U.K.'s active kidney transplant list in 2017. At a rate of 5-7% per annum, the number of patients is increasing. A ureteral catheter is placed into the patient's abdomen during a kidney transplant. This allows the new grafted kidney to adapt to the patient's body. Due to the increasing number of kidney transplants and rising concerns about renal dysfunction, ureteral prostheses have seen a rise in demand. This will further fuel the market growth for ureteral prostheses in the forecast period.

Due to an increasing number of kidney-related diseases, countries like Canada and the U.S. have seen an increase in urological surgery. Around 80.0 million Americans are at risk of chronic kidney disease. This is approximately 1 in 3 Americans. In the U.S., more than 661,000 Americans were diagnosed with renal failure in 2017. Among these, 200,000 are currently living with a kidney transplant. The increasing number of kidney problems has led to an increase in the need for renal transplants. It is expected to increase the market growth for ureteral prostheses during the forecast period. The market's growth is also supported by favorable reimbursement rates and a well-established infrastructure for healthcare in these countries.

Technological advancements in ureteral catheters, such as the use biodegradable materials that include antibacterial coatings, have resulted in better outcomes for patients with kidney and urinary disorders. Companies actively participate in product development, which helps reduce ureterovesical and stent migration as well as tissue irritation. Coloplast's flexible and biocompatible polymer ureteral catheters, such as Polyurethane or Silicone double loop Ureteral Stents, are well-liked by professionals who need them for long-term implantation in urological procedures. This will positively impact the market growth over the forecast period.

Material Insights

The segment of polymer ureteral and stents dominated the market for ureteral devices in 2019, accounting for 64.8% of the total revenue. This segment is projected to experience the fastest CAGR of 7.2% during the forecast period. The polymer ureteral and silicone stents can be further sub-segmented to form hybrid stents or polyurethane. This segment has seen a rise in popularity due to patients and physicians adopting these stents. The polymer is preferred material for the production of stents due to its many benefits, such as greater flexibility and biocompatibility, than the metallic. These advantages make polymer stents the best choice for long-term implantation. They are less likely to cause complications and infection. These factors will drive future segment growth.

The polymer ureteral and stents are minimally invasive, offer faster healing times, and reduce hospital stays. These stents have been highly adopted by both professionals and patients who need to undergo related surgeries. Because of several benefits, regulatory agencies are increasing approvals of polymer-based Ureteral Stents in different regions. This will fuel the market growth for ureteral prostheses over the forecast period.

Application Insights

In 2019, the kidney stones segment was dominant and represented 36.8% of the market's revenue. This segment has seen a rise in sedentary lifestyles, such as poor dietary habits, which can lead to urolithiasis. According to an NCBI study, around 600,000 Americans suffer from urinary stone every year. Ureteroscopy and ureterorenoscopy, among other methods, require a ureteral stent. This is what drives the segment growth.

The Others segment will see the highest CAGR at 7.8% between 2020 and 2027. This is due to increasing incidence of prostate cancer, Benign Prostatic Hyperplasia, (BPH), narrowing the ureter or scarring on ureter wall (ureteral stricture) and other conditions. These conditions are very common in males. They constrict urine flow and make it difficult to empty the bladder. Ureteral stents can be used to treat these conditions. The Others segment will likely grow significantly due to the increasing prevalence of such conditions.

Regional Insights

North America was the dominant market, accounting for 33.0% of the total revenue in 2019. It is expected to continue this trend in the future. The North American market is driven by a sedentary lifestyle that causes kidney-related and urological disorders like kidney stones, chronic kidney disease, and urine incontinence. Market growth is also being driven by the presence of market leaders such as Medline Industries, Boston Scientific Corporation, and Coloplast. There are also opportunities for growth due to increased government healthcare spending. According to the National Health Expenditure Accounts, (NHEA), 2018, the U.S. healthcare spending increased by 4.6% to USD 3.6 trillion (USD 11.172 per person).

Asia Pacific will see the largest CAGR of 7.5% during the forecast period. This market is driven by an aging population suffering from kidney-related diseases, increasing urological procedures, and improving healthcare infrastructure in emerging economies. Market growth will also be driven by the expanding medical tourism industry in developing countries like India, China, Japan. Other factors that contribute to the growth of this market include rising healthcare spending by the government, increased hospitalizations, improved reimbursement scenarios, and low manufacturing costs of ureteral Stents.

Market Share Insights & Key Companies

To stay competitive in the market, key companies have been focusing on Research and Development (R&D). University Hospitals Cleveland Medical Center is currently developing the REELIEF Ureteral Stent. This is in the experimental phase (clinical trials). It is designed to reduce urinary reflux and relieve symptoms. This disposable ureteral catheter with improved designs allows for the normal function of allowing urine to pass from the kidneys to the bladder. This will increase the market growth over the forecast period.

Collaborations, acquisitions and mergers are common in order to increase their product range, manufacturing capabilities and competitive diversity. Merit Medical Systems, Inc., a manufacturer of ureteral blockages treatment equipment, acquired Brightwater Medical, Inc. in June 2019. This acquisition will allow Brightwater's biliary system to be aligned with the company's product portfolio, and the company to market its products in the international market. Boston Scientific also announced in June 2019 the acquisition Vertiflex, Inc., to expand its range of minimally invasive devices. These companies are also working to create technologically advanced products to expand market penetration. This will increase the company's revenues over the next few years. The market leader in ureteral Stents is:

• Boston Scientific Corporation

• B. Braun Melsungen AG

• Cook Medical

• BD

• Coloplast Ltd.

• Medline Industries

• Merit Medical Systems, Inc.

• Olympus Corporation

• Teleflex Incorporated

Up Market Research published a new report titled “Ureteral Stents Market research report which is segmented by Application (Tumors, Kidney Stones, Kidney Transplantation, Urinary Incontinence), by Material (Polymer, Metallic), By Players/Companies Coloplast Ltd, Boston Scientific Corporation, Olympus Corporation, BD, Medline Industries, Merit Medical Systems Inc, B Braun Melsungen AG, Cook Medical, Teleflex Incorporated”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Ureteral Stents Market Report Segments:

The market is segmented by Application (Tumors, Kidney Stones, Kidney Transplantation, Urinary Incontinence), by Material (Polymer, Metallic).

Ureteral Stents Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Ureteral Stents Market

Overview of the regional outlook of the Ureteral Stents Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Ureteral Stents Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Ureteral Stents Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Tumors

                2. Kidney Stones

                3. Kidney Transplantation

                4. Urinary Incontinence

                1. Polymer

                2. Metallic

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Ureteral Stents Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Ureteral Stents Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.