Urethral Dilator Market to reach $390.1 million by 2031, at a CAGR of 6.1%, says Coherent Market Insights

BURLINGAME, Calif. , April 8, 2024 /PRNewswire/ -- The global Urethral Dilators Market was valued at US$ 243.3 Million in 2023 and is expected to reach US$ 390.1 Million by 2031, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Urethral dilators are medical devices used to widen or enlarge the urethra and are commonly used during urological procedures or to treat urethral strictures. They come in different sizes and are made of materials such as metal, plastic, or silicone.

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Market Dynamics:

The Urethral Dilators Market is driven by the increasing prevalence of urethral strictures, which is leading to a growing demand for minimally invasive treatment options such as urethral dilators. Additionally, technological advancements in urethral dilators are also contributing to market growth by providing safer and more effective treatment options for patients.

Global Urethral Dilators Market Report Coverage

Market Trends:

One key trend in the Urethral Dilators Market is the increasing adoption of hydrophilic-coated urethral dilators, which help reduce friction and trauma during procedures, resulting in improved patient outcomes. Another trend is the rising demand for reusable urethral dilators, driven by cost-effectiveness and environmental sustainability considerations among healthcare providers.

Market Opportunities: 

The market for urethral dilators is witnessing significant growth due to the rising prevalence of urethral strictures. Urethral strictures are a common condition, especially in men, leading to narrowing of the urethra and causing difficulties in urination. This has led to an increased demand for urethral dilators, which are used to widen the urethra and alleviate the symptoms of urethral strictures.

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With a dominating segment being urethral stricture applications, the market for urethral dilators is expected to witness considerable growth in the coming years. Hospitals are the major end-users for urethral dilators, further driving the market growth. The key players in this market, such as B. Braun Melsungen AG and Cook Medical, are focusing on developing innovative products to meet the growing demand for urethral dilators.

The growing adoption of minimally invasive procedures, such as urethral dilatation, is also contributing to the market opportunity for urethral dilators. Minimally invasive procedures offer several advantages over traditional surgical methods, including shorter recovery times, reduced pain, and lower risk of complications. Urethral dilators play a crucial role in these procedures by facilitating the dilation of the urethra without the need for major surgery.

With a dominating region being North America, the market for urethral dilators is expected to witness substantial growth in the forecast period. Key players like BD and MED pro Medical BV are investing in research and development to introduce advanced urethral dilators with improved features and better patient outcomes. This increasing focus on innovation is expected to drive the market for urethral dilators in the coming years.

Key Market Takeaways:

Urethral Dilators is anticipated to witness a CAGR of 6.1% during the forecast period 2024-2031, owing to the rising prevalence of urethral strictures and the increasing adoption of minimally invasive procedures.

On the basis of usage, the disposable segment is expected to hold a dominant position due to its convenience and cost-effectiveness.

In terms of applications, urethral stricture is the dominating segment driving market growth. Hospitals are the major end-users of urethral dilators, further fueling market demand.

In terms of region, North America is expected to hold a dominant position over the forecast period, driven by the increasing adoption of minimally invasive procedures.

Key players operating in the Urethral Dilators market include B. Braun Melsungen AG, BD, Cook Medical, and MED pro Medical BV, who are focusing on innovation to meet the growing demand for urethral dilators. This market is poised for significant growth in the coming years, driven by the increasing prevalence of urethral strictures and the shift towards minimally invasive procedures.

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Market Segmentation:

By Usage:

• Disposable
• Reusable

By Application:

• Urethral Stricture
• Meatal Stenosis
• Kidney Stone Removal
• Others

By End User:

• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Others

By Region:

• North America
  - U.S.
  - Canada
• Latin America
  - Brazil
  - Mexico
  - Rest of Latin America
• Europe
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
• Asia Pacific
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - Rest of Asia Pacific
• Middle East & Africa
  - South Africa
  - GCC Countries
  - Rest of Middle East & Africa

Related Reports:

Surgical Equipment Market, By Product [Handheld Surgical Equipment(Forceps & Spatulas, Retractors, Dilators, Clamps, Trocars, Others), Surgical Sutures & Staplers, Electrosurgical Devices, and Others], By Application (Neurosurgery, Plastic Surgery, Orthopedics, Cardiovascular Surgery, Obstetrics & Gynecology, and Others), By End User (Hospitals, Clinics, and Ambulatory Surgical Centers), And by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Urethral Stricture Treatment Market, By Type (Posterior Urethral Stricture, Anterior Urethral Stricture), By Treatment (Urethral Dilation, Direct Vision Internal Urethrotomy (DVIU), Urethroplasty (Anastomotic Urethroplasty, Substitution Urethroplasty), Others), By Disease Indication (Latrogenic, Idiopathic, Infection-induced, Trauma, Others), By End User (Hospitals, Ambulatory Surgical Centers, Others), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Plasma Resectoscope Market, By Product Type (Monopolar Plasma Resectoscope and Bipolar Plasma Resectoscope), By Application (Transurethral Resection of the Prostate (TURP), Bladder Tumor Resection, Urethral Stricture Resection, and Others), By End User (Hospitals, Ambulatory Surgery Centers, Specialty Clinics, Others), By Distribution Channel (Direct Sales and Distributor Sales), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Nephrology and Urology Devices Market, By Device Type (Dialysis Devices (Hemodialysis Equipment, Peritoneal Dialysis Equipment), Kidney Stone Devices (Shockwave Lithotripsy, Laser Lithotripsy, Stone Retrieval Basket, Ureteral Stents), Ureteral Stents UI & POP Devices (Sacral Neuromodulation, Mesh & Slings, Urethral Inserts & Pessaries), BPH Devices (Catheterization Ablation, Prostatic Stents, Other Devices), Endoscopy Devices)

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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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SOURCE Coherent Market Insights