Global Urethral Stricture Treatment Devices Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth
- Vikas Kumar
- July 11, 2022
- HEALTHCARE, NEWS
- Urethral Stricture Treatment Devices Market, Urethral Stricture Treatment Devices Market Forecast, Urethral Stricture Treatment Devices Market Growth, Urethral Stricture Treatment Devices Market News, Urethral Stricture Treatment Devices Market Report, Urethral Stricture Treatment Devices Market Share, Urethral Stricture Treatment Devices Market Size, Urethral Stricture Treatment Devices Market Trend
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The Global Urethral Stricture Treatment Devices market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 6% during 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 urine through the urethra. Therefore, urethral stents, catheters, or dilators are employed to maintain the flow as the urethral stricture treatment.
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The global urethral stricture treatment devices market is anticipated to witness an uptick with the development of social society leading to changes in diet and other lifestyles. This along with the rapidly growing aging population across the globe is causing an increase in the number of patients having cancer specifically in the pelvic region such as colorectal and prostate cancer. For instance, according to the American Cancer Society, about 1 in 8 men will be diagnosed with prostate cancer during their lifetime and around 60% of cases are diagnosed in men aged 65 or older. Also, globally colorectal cancer is the third most diagnosed cancer and in 2020 around 1,880,725 people were diagnosed with it. Owing to these glaring statistics there is an increase in the number of people taking cancer treatment such as radiation therapy, surgery for enlarged prostate, and others. Moreover, the risk of developing urethral strictures has escalated in such patients receiving external beam radiation therapy or radical prostatectomy which in turn will boost demand for urethral stricture treatment devices in the forthcoming years.
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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.
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.
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Additionally, the report provides detailed report also provides insights into the global Urethral Stricture Treatment Devices market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated in 2020 owing to the well-established market players and increasing geriatric population.
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 key players operating in the global Urethral Stricture Treatment Devices market. Several M&As along with partnerships have been undertaken by these players to develop new products.
Global Urethral Stricture Treatment Devices Market Segmentation
Market Insight, by Product Type
- Urethral Dilators
- Urethral Stents
- Urethral Balloon Dilation Catheters
- Urinary Catheters
Market Insight, by Stricture Location
Market Insight, by End-Users
- Specialty Clinics
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Boston Scientific Corporation
- Cook Medical
- B.Braun Melsungen AG
- Allium Medical
- Becton, Dickinson and Company
- Teleflex Incorporated
- Pnn Medical A/S
- Med pro Medical B.V.