LONDON--(BUSINESS WIRE)--The global urethral dilator market is expected to post a CAGR of more than 6% during the period 2019-2023, according to the latest market research report by Technavio.
It is a chronic disease in which the urethral opening becomes narrow due to genetic disorders, scars, injuries, and infections such as sexually transmitted diseases (STDs). The growing number of treatments for prostate cancer, kidney stones, obesity, and other medical conditions require urethral dilators, which is propelling the demand for urethral stricture treatments. Further, easy insertion and removal of stents and catheters using dilators, without major surgeries, is also driving the adoption of urethral stricture treatment.
As per Technavio, increasing adoption of minimally invasive treatments will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global urethral dilator market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
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Global urethral dilator market: Increasing adoption of minimally invasive treatments
Minimally invasive procedures are gaining immense popularity for diagnosing and treating urological conditions, such as diseases of the kidney, bladder, and prostate. Small tools via tiny keyhole cuts are inserted to diagnose and treat kidney stones, prostate cancer, and other urological issues. Urologists in North America increasingly use minimally invasive procedures for treating urological diseases, instead of urethroplasty, as it is believed that urethroplasty should be done after the frequent failure of minimally invasive procedures or endoscopic methods.
“With the increasing geriatric population and changing lifestyle patterns, the number of diseases that require surgeries is increasing significantly. As a result, several hospitals have started investing in the expansion of various devices and instruments, including endoscopy instruments, to improve disease diagnosis and treatment. The increasing investments by hospitals for the development of advanced devices and expansion of endoscopy instruments will boost market growth during the forecast period,” says a senior research analyst at Technavio.
Global urethral dilator market: Segmentation analysis
This market research report segments the global urethral dilator market by product (hydraulic urethral dilators and others), by end-user (hospitals, ASCs, and others) and geographic regions (North America, Europe, ROW, and Asia).
The hospitals segment held the largest urethral dilator market share in 2018. The growth of the hospitals segment is driven by the high incidence of urological diseases and a high turnover of patients with such diseases in hospitals.
The North America region led the market in 2018, followed by Europe, Asia, and ROW respectively. The market growth in North America can be attributed to the increasing the prevalence of diseases that require endoscopic procedures, rising geriatric population, and the introduction of technologically advanced products.
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Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
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Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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