Urethral Stricture Treatment Devices Market: Current Analysis and Forecast (2021-2027)
$3999 – $7577
Emphasis on Product Type (Urethral Dilators, Urethral Stents, Urethral Balloon Dilation Catheters, Urinary Catheters); Stricture Location (Anterior, Posterior); End-Users (Hospitals, Specialty Clinics, Others); Region/Country
Detailed Analysis of COVID-19 Impact on the Urethral Stricture Treatment Devices Market
Global Urethral Stricture Treatment Devices Market is anticipated to grow with an elevated CAGR of around 6% over the forecast period (2021-2027).
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. Furthermore, 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.
Countries with the largest percentage share of older persons aged 65 years or over, 2019-2050
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, are some of the prominent players operating in the urethral stricture treatment devices market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with urethral stricture treatment devices.
Insights Presented in the Report
“Amongst Product Type, urethral balloon dilation catheters segment holds the major share”
Based on product type, the urethral stricture treatment devices market is segmented into urethral dilators, urethral stents, urethral balloon dilation catheters, and urinary catheters. The urethral balloon dilation catheters segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe as it is well-tolerated, safe, and offers various advantages such as minimal complications, less morbidity, and technically less challenging to perform.
“Amongst Stricture Location, anterior segment holds the major share”
Based on stricture location, the urethral stricture treatment devices market is divided 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.
“Amongst End-Users, hospitals segment holds the major share”
Based on end-users, the market is fragmented 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 represents one of the largest markets of Urethral Stricture Treatment Devices market”
For a better understanding of the market dynamics of the Urethral Stricture Treatment Devices market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the urethral stricture treatment devices market industry in 2020 owing to the strong healthcare infrastructure and growing adoption of urethral stricture treatment devices in the region.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
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|1.1. Market Definitions|
|1.3. Stake Holders|
|1.4. Currency used in Report|
|2.1. Research Process of the Urethral Stricture Treatment Devices Market|
|2.2. Research Methodology of the Urethral Stricture Treatment Devices Market|
|2.3. Forecasting Method|
|2.4. Respondent Profile|
|2.5. Main Objective of the Urethral Stricture Treatment Devices Market Study|
|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|
|7.1. Urethral Dilators|
|7.2. Urethral Stents|
|7.3. Urethral Balloon Dilation Catheters|
|7.4. Urinary Catheters|
|9.2. Specialty Clinics|
|10.1. North America Urethral Stricture Treatment Devices Market|
|10.1.1. United States|
|10.1.3. Rest of North America|
|10.2. Europe Urethral Stricture Treatment Devices Market|
|10.2.3. United Kingdom|
|10.2.6. Rest of Europe|
|10.3. Asia Pacific Urethral Stricture Treatment Devices Market|
|10.3.5. Rest of Asia Pacific|
|10.4. Rest of World Urethral Stricture Treatment Devices Market|
|11.1. Market Drivers|
|11.2. Market Challenges|
|11.3. Impact Analysis|
|12. URETHRAL STRICTURE TREATMENT DEVICES MARKET OPPORTUNITIES|
|13. URETHRAL STRICTURE TREATMENT DEVICES MARKET TRENDS|
|14. LEGAL & REGULATORY FRAMEWORK|
|15.1. Demand Side Analysis|
|15.2. Supply Side Analysis|
|16. VALUE CHAIN ANALYSIS|
|17.1. Competitive Landscape|
|17.1.1. Porter’s Five Forces Analysis|
|18.1. Boston Scientific Corporation|
|18.3. Cook Medical|
|18.4. B.Braun Melsungen AG|
|18.5. Allium Medical|
|18.6. Becton, Dickinson and Company|
|18.7. Teleflex Incorporated|
|18.8. Pnn Medical A/S|
|18.9. Med pro Medical B.V.|
Research Methodology for the Global Urethral Stricture Treatment Devices Market Analysis (2021-2027)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global urethral stricture treatment devices market were the three major steps undertaken to create and analyze the adoption of urethral stricture treatment devices in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global urethral stricture treatment devices market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the urethral stricture treatment devices through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the urethral stricture treatment devices market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as product type, stricture location, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of Urethral Stricture Treatment Devices across the globe.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the urethral stricture treatment devices. Further, we conducted factor analysis using dependent and independent variables such as product type, stricture location, and end-users. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the urethral stricture treatment devices sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the urethral stricture treatment devices market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of urethral stricture treatment devices across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the urethral stricture treatment devices market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the urethral stricture treatment devices market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product type, stricture location, and end-users of the urethral stricture treatment devices market.
The main objective of the Urethral Stricture Treatment Devices Market Study
The current & future market trends of urethral stricture treatment devices were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of urethral stricture treatment devices in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product type, stricture location, and end-users
- Define and analysis of the regulatory framework for the urethral stricture treatment devices industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the urethral stricture treatment devices market for the major region
- Major regions studied in the report include North America, Europe, Asia-Pacific and Rest of the world
- Company profiles of the urethral stricture treatment devices market and the growth strategies adopted by the market players to sustain in the fast-growing market
Deep dive regional level analysis of the industry