GLOBAL URETHRAL DILATORS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market Challenges And Opportunities

Global Urethral Dilators Market- Drivers

• Increasing number of kidney stone removal surgery: Increasing number of kidney removal surgery is expected to drive the growth of the market over the forecast period. For instance, in December 2023, according to data published by UpToDate, Inc., approximately 10 to 20 percent of all kidney stones require surgical removal.
• Increasing demand for minimally invasive surgeries: The demand for minimally invasive surgeries has been steadily rising in the recent past owing to various benefits they offer such as lesser pain, fewer complications, lower risk of infection, shorter hospital stay, and quicker recovery time for patients. Minimally invasive procedures require only very small incisions as compared to traditional open surgeries resulting in less damage to tissues and minimal dislocations. This has increased the acceptability of such surgeries among patients.
• Increasing prevalence of chronic kidney disorders: Increasing prevalence of chronic kidney disorders is expected to drive the growth of the market over the forecast period. For instance, in May 2023, according to data published by Centers for Disease Control and Prevention (CDC), more than 1 in 7 U.S. adults–about 35.5 million people, or 14%–are estimated to have chronic kidney disorder (CKD).

Global Urethral Dilators Market- Opportunities

• Emerging economies in Asia Pacific and Latin America: Emerging economies in Asia Pacific and Latin America present a great opportunity for growth in the global urethral dilators market. These regions have growing populations and economies which is increasing healthcare spending and focus on quality of life. Countries like India, China, Brazil, and Mexico are projected to witness major gross domestic product (GDP) growth over the next few years according to data provided by the World Bank in 2022. This economic development will undoubtedly improve access to healthcare for millions. As disposable incomes rise across urban and rural areas, people will be able to afford important medical devices and procedures to treat urological conditions.
• Rise in number of ambulatory surgical centers: Increasing number of ambulatory surgical centers (ASCs) globally is expected to drive significant growth in the urethral dilators market. ASCs are modern medical facilities that are focused on providing same-day surgical care including diagnostic and preventive procedures. They allow performing minor surgeries without an overnight hospital stay, thus offering more convenient options for patients. For instance, in December 2022, according to Ambulatory Surgery Center Association, there were approximately 6,701 ASC in the U.S. As ASCs continue expanding worldwide, it will allow performing more urological procedures like urethral dilatations, a nonsurgical treatment for urethral stricture disease in ambulatory settings. This is anticipated to drive volume growth for urethral dilators

Global Urethral Dilators Market - Restraints

• High cost of urethral dilator devices: The high cost of urethral dilator devices is posing a notable challenge for the global urethral dilators market expansion. Urethral dilators are essential medical devices that are employed for widening the urethra to facilitate various urological procedures like catheter insertion. However, these devices come with a hefty price tag which limits their widespread adoption, especially in price-sensitive developing nations with limited healthcare budgets.
• Risk of infection associated with dilatation procedures: The risk of infection that is associated with urethral dilatation procedures is one of the major restraints impacting the growth of the global urethral dilators market. Urethral dilatation which is also known as urethral sounding, involves inserting devices into the urethra to expand or widen it. However, any foreign object inserted into the body poses certain infection risks. Since the urethra has direct access to the bladder, any infection during the procedure can potentially spread to the upper urinary tract as well. This makes urethral infections a serious concern. For instance, in May 2023, according to data published by Cleveland Clinic, urethral dilation has a low long-term success rate. Risk includes mild burning or bleeding on passing urine for a short period after the operation, urinary incontinence, extravasation, and among others.