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What Market Value Is The Urinary Stents Or Ureteral Stents Industry Expected To Reach By 2029, Starting From 2025 Levels?
The urinary stents or ureteral stents market size has witnessed significant growth in recent years. It is anticipated to increase from $0.48 billion in 2024 to $0.51 billion in 2025, at a compound annual growth rate (CAGR) of 5.4%. This historical growth can be attributed to an uptick in the incidence of urological conditions, rising demand for advanced urinary stent solutions, the increasing adoption of minimally invasive procedures, a heightened focus on patient comfort and reduced recovery times, and a growing emphasis on technological improvements in stent materials.
The market size for urinary stents or ureteral stents is anticipated to demonstrate robust growth over the next few years. It is projected to expand to $0.65 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.5%. This growth during the forecast period can be attributed to several factors, including the increasing demand for personalized urinary stent solutions, greater healthcare awareness among patients, a rising number of kidney stones, increased investment in healthcare, and the expanding geriatric population. Prominent trends expected in the forecast period encompass advancements in minimally invasive techniques, improvements in ureteral stent design, the introduction of new products, ongoing technological developments, and progress in biodegradable hydrogel stents.
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What Are The Top Growth Drivers Impacting The Urinary Stents Or Ureteral Stents Market Outlook?
The escalating occurrence of kidney diseases is expected to drive the future growth of the urinary stents or ureteral stents market. Kidney diseases include ailments such as chronic kidney disease (CKD), kidney stones, blockages in the urinary tract, and infections that impact the kidneys’ ability to function and their structure. These conditions are increasing worldwide due to the rising incidence of diabetes, hypertension, obesity, an aging population, poor lifestyle choices, environmental factors, and delayed diagnosis. Urinary stents are essential in managing kidney diseases by ensuring smooth urine flow, preventing obstructions, and supporting kidney function, particularly in chronic kidney disease, kidney stones, and urinary tract obstructions. For example, in December 2024, data from the Australian Institute of Health and Welfare, an Australia-based government agency, showed that mortality rates from chronic kidney disease (CKD) climbed from 4.2% in 2021 to 6.2% in 2022. Thus, the growing incidence of kidney diseases is a primary catalyst for the expansion of the urinary stents or ureteral stents market.
What Are The Major Segments Identified In The Urinary Stents Or Ureteral Stents Market?
The urinary stents or ureteral stentsmarket covered in this report is segmented –
1) By Product Type: Open End Stents; Closed End Stents; Double Pigtail Stents; Multiloop Stents
2) By Material: Metallic Stents; Polymer Stents; Biodegradable Hydrogel Stents
3) By Application: Kidney Stones; Kidney Failure; Urinary Tract Infection; Urinary Incontinence; Other Applications
4) By End-user: Hospitals And Specialty Centers; Ambulatory Surgical Centers; Academic and Research Institutes
Subsegments:
1) By Open End Stents: Standard Open End Ureteral Stents; Silicone Open End Stents
2) By Closed End Stents: Standard Closed End Ureteral Stents; Anti-reflux Closed End Stents
3) By Double Pigtail Stents: Coiled Double Pigtail Stents; Silicone Double Pigtail Stents
4) By Multiloop Stents: Metallic Multiloop Stents; Polymeric Multiloop Stents
What Are The Major Trends Driving The Growth Of The Urinary Stents Or Ureteral Stents Market?
Leading companies in the urinary stents or ureteral stents market are directing their efforts towards creating sophisticated products like novel stents, which are designed to alleviate patient discomfort and decrease the likelihood of infections. A novel stent signifies an innovative and new type of stent that introduces unique characteristics or enhancements over existing stent models. For example, in May 2022, University Hospitals, a US healthcare system, collaborated with the Ureteral Stent Company, a US manufacturing firm, to obtain FDA 510k clearance for the Relief Ureteral Stent. This stent incorporates advanced materials and a distinctive construction that improves patient comfort and lessens the risk of issues such as encrustation or migration. It is specifically engineered for greater durability and flexibility, ensuring superior long-term effectiveness for patients experiencing urinary tract obstructions. The FDA clearance for this product underscores its safety, effectiveness, and preparedness for clinical application, signifying a notable progression in the field of urology.
Who Are The Key Multinational Companies Dominating The Urinary Stents Or Ureteral Stents Market?
Major companies operating in the urinary stents or ureteral stents market are Becton, Dickinson and Company, Stryker Corporation, Boston Scientific Corporation, Coloplast A/S, Teleflex Incorporated, Cook Medical LLC, Merit Medical Systems Inc., Lepu Medical Technology Co. Ltd., Olympus Corporation, Applied Medical Resources Corporation, Ameco Medical Equipment LLC, Well Lead Medical Co. Ltd., Micro-Tech Nanjing Co. Ltd., Medi-Globe GmbH, Pnn Medical A/S, Taewoong Medical Co. Ltd., Rocamed SAM, HydrUStent SA, Urovision GmbH, MED PRO MEDICAL B.V.
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Which Region Is Expected To Witness The Fastest Growth In The Urinary Stents Or Ureteral Stents Market?
North America was the largest region in the urinary stents or ureteral stents market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the urinary stents or ureteral stents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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