By 2021, the global urethral dilator market is valued at approximately US$218.71 million and is expected to grow at a high rate of over 5.5% over the forecast period from 2022 to 2029. Urethral dilators are often used as a treatment when the urethra is so narrow that urine is difficult to pass through. The market for urethral dilators is expanding due to factors such as an increase in the incidence of chronic kidney disease, an increase in the number of patients with urethral strictures and MEAtal, and a rapid increase in the baby boomer population.
This disorder, known as urinary incontinence, is very common throughout the world. A study published in the NCBI found that between 32.0% and 64.0% of pregnant women experience urinary incontinence. Consequently, the demand for urethral dilators for postoperative convenience has increased due to the increasing incidence of urinary dysfunction. This is expected to have a positive impact on the development of the industry. According to the National Kidney Foundation, more than 10% of the world’s population suffers from chronic kidney disease every year.
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Hence, the high prevalence of CKD in the region contributes to the growth of the market. In addition, the use of urethral dilators with pressure gauges, electron microscopy devices and pistons opens up new opportunities in the market. However, the low success rate of urethral dilatation may hinder the growth of the market.
The key regions considered to explore the global urethral dilators market include Asia Pacific, North America, Europe, Latin America and the rest of the world. North America has dominated the market in terms of revenue due to an increase in the prevalence of conditions such as bladder obstruction, urinary incontinence, benign prostatic hyperplasia (BPH), urinary retention, and bladder cancer. The Asia-Pacific region is expected to grow significantly during the forecast period due to factors such as the significant number of people suffering from kidney and other urological diseases, the development of medical facilities and the availability of insurance policies.
In February 2022, the US Food and Drug Administration (FDA) approved Medtronic’s NuVent™ Eustachian Tube Dilation Balloon for the treatment of chronic obstructive Eustachian tube dysfunction.
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With the NuVentTM balloon, surgeons can treat in an outpatient or office environment. Since the balloon is partially flexible, it can be placed according to the patient’s anatomy. In July 2020, Allium Medical launched a new line of devices called the Alliums Urological Stent for the treatment of ureteral fistulas. This business sells and manufactures minimally invasive medical devices for the healthcare industry.
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The purpose of the study is to determine the market size of various segments and countries in recent years and predict its value for the coming years. The report aims to include both qualitative and quantitative aspects of the industry in the participating countries.
The report also provides details on key aspects such as drivers and challenges that will shape the future growth of the market. In addition, it includes potential investment opportunities for stakeholders in the micro market, as well as a detailed analysis of the competitive environment and products used by key players. The detailed market segmentation and sub-segments are explained below:
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Post time: May-23-2023