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United States, NY ,The global urethral dilators market is experiencing a steady growth trajectory due to the increasing prevalence of urological disorders and rising demand for minimally invasive procedures. Urethral dilation is a medical procedure that involves the insertion of a dilator into the urethra to widen the narrow or strictured portion. The market for urethral dilators is witnessing substantial growth due to the increasing adoption of advanced technologies, such as flexible ureteroscopes, laser lithotripsy, and minimally invasive surgical techniques. Moreover, the rising trend of outpatient procedures and increasing investment in healthcare infrastructure are expected to further drive the growth of the urethral dilators market.
The total valuation of global urethral dilators is estimated to be around US$ 230 Million in the current year 2022, and it is anticipated to increase at a rate of 5.5% from 2022 to 2032. By the end of this forecasted period in 2032, the overall valuation of the market share is predicted to reach almost US$ 393 Million.
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The application of urethral dilation is widespread across various urological disorders such as urethral strictures, bladder neck contractures, and urethral obstructions. The market for urethral dilators is primarily driven by the increasing prevalence of urethral strictures, which are most commonly caused by scarring due to infections or injuries. Moreover, the expanding geriatric population and rising prevalence of prostate cancer are also contributing to the growth of the market. The urology clinics and hospitals are the major end-users of urethral dilators.
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North America and Europe dominate the global urethral dilators market due to the presence of well-established healthcare infrastructure, increasing prevalence of urological disorders, and the adoption of advanced technologies. The Asia-Pacific region is expected to witness the highest growth rate in the coming years, primarily due to the rising healthcare expenditure, increasing awareness about urological disorders, and growing demand for minimally invasive procedures. The market players are also targeting the emerging markets in the Asia-Pacific region to expand their customer base and increase their market share.
The urethral dilators market is highly competitive, with a large number of players operating in the market. The key players in the market are focusing on product launches, partnerships, collaborations, and acquisitions to strengthen their position in the market. For instance, in 2020, Boston Scientific Corporation launched the LithoVue Empower Retrieval Deployment Device, which is designed for use with the LithoVue Single-Use Digital Flexible Ureteroscope to simplify ureteroscopic stone retrieval. In another instance, in 2019, Cook Medical acquired Taewoong Medical, a leading provider of minimally invasive solutions for urological disorders.
What is the Competition Status in the Global Urethral Dilators Market?
Some of the eminent players in the world include B. Braun Melsungen AG, BD, Cook Medical, MED pro-Medical BV, Teleflex Inc., EUROMED, Boston Scientific Corporation, Smiths Medical (ICU Medical), Urovision-Urotech, and Coloplast among others.
To increase their share of the market, urethral dilator companies are continually releasing new items and expanding geographically. In order to sell and deliver their goods internationally or in certain nations, several urethral dilator manufacturers have collaborated with important medical device wholesalers having an international presence through extensive distribution channels.
Strategic partnerships are, therefore, fairly prevalent among the urethral dilator’s prominent market players. These partnerships not only assist the urethral dilator producers in obtaining the rights to market their goods but also lessen their responsibility in the event of any product failure and recall.
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Key Segments Covered in the Urethral Dilators Industry Report
Urethral Dilators Market by Usage
Urethral Dilators Market by Application
Urethral Dilators by End User
Urethral Dilators Market by Region
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