According to the latest report by IMARC Group “Ureteral Stents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global ureteral stents market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during the forecast period (2021-2026).
Ureteral stents assist in decreasing the pain associated with the blockage, allowing the kidney to function normally, and keeping the ureter open. They also aid in treating and managing conditions like kidney transplants, kidney stones, and urinary incontinence. Consequently, they are mainly utilized for draining urine from the kidney. Besides this, they are used in the treatment of prostate cancers and tumors around the world.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Due to the increasing number of individuals who consume alcohol, there is a rise in the incidences of kidney and ureteral stones worldwide. This, along with the growing number of renal transplants, represents one of the primary factors positively influencing the market. Besides this, the rising concern about renal dysfunction is also catalyzing the demand for ureteral stents across the globe. Furthermore, leading market players are utilizing biodegradable materials in the manufacturing of ureteral stents. They are also focusing on reducing tissue irritation and stent migration during the procedure, which is creating a favorable market outlook.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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