Urethral Stricture Treatment Devices Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Urethral stricture is a condition in which the urethral opening becomes narrow due to injuries, scars, or infection. A stricture obstructs the free flow of the urine through the urethra. Therefore, urethral stents, catheters, or dilators are employed to maintain the flow as the urethral stricture treatment. The growing adoption of urethral stricture treatment devices can be attributed to the rising prevalence of benign prostatic hyperplasia & neurogenic bladder coupled with a rapidly growing geriatric population. According to the United Nations, the 60+ aged population was 962 million in 2017 which is more than twice that it was in 1980 at 382 million. The number of elderly people is expected to double again by 2050 and reach nearly 2.1 billion worldwide.

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According to UnivDatos Market Insights (UMI)’ research report “Global Urethral Stricture Treatment Devices Market Analysis, 2020”, the Urethral Stricture Treatment Devices market is projected to grow at a CAGR of around 6% during 2021-27F. With rapid advancements in technology, many of the industry players are focusing on launching new products in the market to expand their product portfolio, which will drive the market for urethral stricture treatment devices globally. For example, in December 2021, The US Food and Drug Administration (FDA) approved the Urotronic Optilume Urethral Drug Coated Balloon to treat urethral strictures in males. It serves as an alternative to traditional endoscopic stricture treatments for men suffering from urethral strictures.

Based on the stricture location, the market is fragmented into anterior and posterior. The anterior segment occupied the major share of the urethral stricture treatment devices market in 2020 and it is expected to grow with a substantial CAGR in the upcoming years as anterior urethral strictures are the most common and occur anywhere along the urethra from the urethral meatus at the tip of the penis, in the penile urethra or in the bulbar urethra, which is located behind the scrotum in males.

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Hospital Segment to Witness Robust growth

Based on end-users, the market is segmented into hospitals, specialty clinics, and others. In 2020, the hospitals segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the increasing number of hospitals and a surge in the number of urology surgeries in the hospital setting. Also, the presence of well-trained healthcare professionals, well-established infrastructure, and availability of technologically advanced devices in hospitals are some of the factors contributing to the growth of this segment. However, specialty clinics are also likely to witness lucrative growth during the forecast period.

North America to Grab Lion’s Share, and witnessed Explicit Growth

Based on the region, North America dominated the global Urethral Stricture Treatment Devices market in 2020. The region is projected to maintain its dominance during the forecasted period 2021-27 owing to the presence of well-established market players and frequent product launches in the region. North America is expected to skyrocket with a CAGR of XX% in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Global Urethral Stricture Treatment Devices Market Analysis, 2020”. 

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Urethral Stricture Treatment Devices Market include B Boston Scientific Corporation, Laborie, Cook Medical, B.Braun Melsungen AG, Allium Medical, Becton, Dickinson and Company, Teleflex Incorporated, Pnn Medical A/S, Med pro Medical B.V., and Coloplast, among others. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

“Global Urethral Stricture Treatment Devices Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for urethral stricture treatment devices providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1.      By Product Type (Urethral Dilators, Urethral Stents, Urethral Balloon Dilation Catheters, and Urinary Catheters)

2.      By Stricture Location (Anterior and Posterior)

3.      By End-Users (Hospitals, Specialty Clinics, and Others)

4.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.      By Company (Boston Scientific Corporation, Laborie, Cook Medical, B.Braun Melsungen AG, Allium Medical, Becton, Dickinson and Company, Teleflex Incorporated, Pnn Medical A/S, Med pro Medical B.V., Coloplast, etc.)

Key questions answered in the study:

1.      What are the current and future trends of the urethral stricture treatment devices industry?

2.      How the industry has been evolving in terms of product type, stricture location, and end-users?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the urethral stricture treatment devices industry?

5.      What is the customer orientation, purchase behavior, and expectations from urethral stricture treatment devices firms across various regions?

Table of Content –

1.   MARKET INTRODUCTION

2.   RESEARCH METHODOLOGY OR ASSUMPTION

3.   MARKET SYNOPSIS

4.   EXECUTIVE SUMMARY

5.   GLOBAL URETHRAL STRICTURE TREATMENT DEVICES MARKET COVID-19 IMPACT

6.   GLOBAL URETHRAL STRICTURE TREATMENT DEVICES MARKET REVENUE, 2019-2027F

7.   MARKET INSIGHTS BY PRODUCT TYPE

8.   MARKET INSIGHTS BY STRICTURE LOCATION

9.   MARKET INSIGHTS BY END-USERS

10.  MARKET INSIGHTS BY REGION

11.  URETHRAL STRICTURE TREATMENT DEVICES MARKET DYNAMICS

12.  URETHRAL STRICTURE TREATMENT DEVICES MARKET OPPORTUNITIES

13.  URETHRAL STRICTURE TREATMENT DEVICES MARKET TRENDS

14.  LEGAL & REGULATORY FRAMEWORK

15.  DEMAND AND SUPPLY SIDE ANALYSIS

16.  VALUE CHAIN ANALYSIS

17.  COMPETITIVE SCENARIO

18.  COMPANY PROFILED

19.  DISCLAIMER

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