New York, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Urethral dilators are surveyed to have a total market value of around US$ 230 Million in 2022, and from that year to the following ten years, it is predicted to grow at a pace of 5.5%. The overall urethral dilators market share is expected to be valued at nearly US$ 393 Million by the conclusion of this estimated period in the year 2032.
The increased prevalence of certain disorders such as bladder blockage, UI, benign prostate hyperplasia (BPH), urine retention, and bladder cancer is the key factor driving the demand for urethral dilators in the United States and Canada. Since urethral dilators are utilized in these treatments, the market is anticipated to be driven by the rising demand for minimally invasive treatment procedures throughout the course of the forecast period.
Older people are more likely to experience UI, which lowers their quality of life and increases morbidity rates. The Overactive Bladder (OAB) and urinary urgency are most common in adults 40 years of age and older, according to the National Association for Continence. As a result, increased urethral dilators are anticipated throughout the projected period due to an increase in the frequency of kidney-related illnesses raises and healthcare expenses.
The rising cases of urological infection are the prominent reason that drives the sales of urethral dilators. For instance, the Urology Care Foundation estimates that between 25 and 30 percent of men and women in the U.S. and 33 million individuals worldwide suffer from overactive bladder.
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Key Takeaways from the Urethral Dilators Market Study
- Likewise, there has been a 34% volume increase for the prostate cancer program, a 20% increase in the kidney cancer program, and a 50% increase in advanced bladder cancer treatments in the last two years, all of which are expected to drive the demand for urethral dilators including hollow urethral sound instrument in the near future.
- Urethral strictures are typically the consequence of repeated medical treatments making it the fastest-growing segment for the target market based on application.
- Over the course of the projected period, several benefits of disposable urethras dilators are anticipated to fuel the growth of this segment higher than the reusable dilators.
- Hospitals offer a wide range of treatments, along with effective and efficient patient care, and a secure atmosphere which makes it the most preferred end-user vertical for the product.
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Competitive Landscape for the Urethral Dilators Market
Key players operating in the global urethral dialators market are B. Braun Melsungen AG, BD, Cook Medical, MED pro Medical BV, Teleflex Inc., UROMED, Boston Scientific Corporation, Smiths Medical (ICU Medical), Urovision-Urotech, and Coloplast among others.
Recent developments in the Urethral Dilators market industry include
- B. Braun Melsungen AG began offering virtual support services in June 2020 during the COVID-19 crisis to assist frail patients with urgent bladder issues who were at home. Through FaceTime video lectures and guidance on distribution methods, this service brings continence and ostomy care supplies to patients at home.
- In February 2019, Coloplast agreed to a three-year contract for its urological products with Premier Inc., which is a healthcare improvement firm based in the United States. Urethral drainage devices, urethral dilators instrument, catheters, and other accessories are all part of the basic urethral dilator set price, which has increased the product's penetration into a new region and marketplace.
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