The global urethral strictures market is anticipated to touch USD 1.53 billion by 2023, as per an insightful report by Market Research Future (MRFR). It is expected to expand at a 7.30% CAGR during the assessment period (2018-2023). Urethral stricture is a condition caused to the urethra due to scarring or injury which restricts normal urine excretion from the body. The restriction can cause numerous problems, including infection and inflammation.
Increasing incidence of urinary incontinence (UI) is the primary driver of the market. Demand for cost-effective treatments for treating urethral strictures coupled with development of minimally invasive surgeries in India and China are likely to fuel market demand over the forecast period. Stringent regulations and lack of awareness among patients can restrain market growth. But prevalence of urological disorders and adoption of advanced methods can offer new opportunities for growth
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This report allows the user to gain a deeper understanding of the current events and trends in the market for urethral strictures. By correlating the historical data with key market dynamics, our analysts were able to make highly accurate projections in the report. MRFR’s report includes a thorough segmental analysis of the global urethral strictures market segmented on the basis of type, condition, cause, treatment, gender, end-user, and region with astute insights. This report has been prepared to assist industry participants in making informed decisions on growth strategies and operation management. Users will also come across drivers, trends, opportunities, and restraints which are likely to influence the growth of the market during the assessment period.
By type, the urethral strictures market has been segmented into anterior and posterior urethral strictures. The posterior urethral stricture segment is expected to be the biggest revenue generator for the market till 2023. By condition, the market is segmented into hypospadias & epispadias, incontinence, and others. By gender, the market is segmented into male and female. The male segment accounted for a large market share in 2017 and possesses the potential to dominate the market till 2023.
By cause, the market is segmented into infection-induced, idiopathic, iatrogenic, and trauma. The iatrogenic segment was projected to be worth USD 468.8 million in 2017. By treatment, the market is segmented into direct vision internal urethrotomy (DVIU), urethroplasty, urethral dilation, and others. Major market end-users include ambulatory surgical centers (ASCs), urologic clinics, hospitals, and others. The hospital segment is touted to remain the top end-user till 2023.
The segments and sub-segments covered in the report are analyzed under four major regions – Americas, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA), with respective country-level market sizing. For the scope of research, the standard definition of the product/service “urethral strictures” is included in the report. The report discusses and interprets the current and future opportunities of the industry by delivering an unbiased growth assessment.
Boston Scientific Corporation, Cook Medical Incorporated, Olympus Corporation, Bard Medical, Inc., Stryker Corporation, and others are noteworthy players in the urethral strictures market. Players in the market are focusing on strengthening their supply chain by acquiring oilfields and expanding their product offerings to cater to demands from various industrial sectors.
The report offers comprehensive profiles on these market players and assesses their current standing in the urethral strictures market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are outlined in the report.
Market Research Future (MRFR) uses a combination of primary and secondary research to compile market reports. Primary data is accumulated from interviewing industry stalwarts and secondary research is collated by studying white papers and annual reports of leading players. Our analysts use top-down and bottom-up approaches to validate the findings of the report. The report comprises news, current trends, and future prospects related to the market, all of which can provide a thorough understanding of the market to clients. Industry leaders can make accurate business decisions based on our insights.
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