A ureteral stent is a peculiarly designed thin hollow tube inserted into the ureter to avert or cure any kind of impediment in the urine flow from the kidney. Ureteral stent are used in urological surgeries to maintain the patency of the ureter to allow to allow proper urine drainage. Ureteral stent can be deployed on the right place using variegated endourological techniques, and generally inserted with the assist of a cystoscope. There are many medical conditions which require the usage of ureteral stent, such as in case of patients with kidney stones and associated surgeries the stents allows passage of residual fragments without blocking the ureter. Stents are also being used in case of a scratched ureter which might be an effect of ureteroscopy. In fact any form of surgery on the ureter generally requires a stent to allow proper healing of the ureter. Some other prominent reasons requiring the need for ureteral stents can be prevalence of prostate cancer and tumors or narrowing of the ureter or scarring on the wall of ureter. With rising prevalence of these incidences, the market for ureteral stents is anticipated to grow at a significant CAGR over the forecast period.
Global Ureteral Stents Market: Drivers and Restraints
The market for ureteral stents is primarily driven by the rising prevalence of medical conditions requiring ureteral stents. The globe is seeing an increasing number of cases of kidney stones, owing to various factors like rising quantity of calcium in our diet, usage of dietary animal protein, alcohol, vitamin supplements and also space travel. Among various methods to cure kidney stones, Ureteroscopy and Ureterorenoscopy always require the need for ureteral stent, henceforth driving the global market. On the same lines the rising number of kidney transplants also fuels the global demand for ureteral stents, as every kidney transplant requires ureteral stent to be placed in patient’s body for few days till newly placed kidney adapts to patient’s body.
However, some complications related to dislocation, infection and blockage might arise because of the usage of a urinary stent. The patient might also feel an increased urgency/frequency of urination, kidney pain and blood in urine. These factors provoke the medical R&D departments to still come out with a better alternative to ureteral stents, and can affect the market growth in the forecast period.
Global Ureteral Stents Market: Segmentation
On the basis of type ureteral stent market is segmented into:
- Double pigtail stent (JJ Stent)
- Expandable Stent
On the basis of end use medical situation the global ureteral stent market is segmented into:
- Kidney Stones
- Kidney Failure
On the basis of end use area the global ureteral stent market is segmented into:
On the basis of patients sex the global ureteral stent market is segmented into:
Global Ureteral Stents Market: Regional Outlook
Geographically, Ureteral Stents Market can be segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). North America with prominent medical facilities and prevalent kidney stone problems is anticipated to hold a big share in the global market for ureteral stents. Owing to high population and rising medical awareness, APEJ market is expected to grow at a significant CAGR over the forecast period. European regions increasing adoption towards a healthy lifestyle make them the next potential market for ureteral stents.
Global Ureteral Stents Market Players
Some of the players in the Global Ureteral Stent Market are: C. R. Bard, Inc., Boston Scientific Corporation, Cook Medical Inc., Pnn Medical, Medline, Medline Industries, Inc., etc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.