Urinary Tract Obstruction Treatment Devices Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Urinary Tract Obstruction Treatment Devices Market is segmented By Product Type (Urinary Catheters, Urinary Stents, Shock , Wave Lithotripters, Ureter....
Urinary Tract Obstruction Treatment Devices Market Size
Market Size in USD
CAGR5.2%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 5.2% |
| Market Concentration | Low |
| Major Players | B. Braun Melsungen AG, Boston Scientific Corporation, Cook Medical, Becton, Dickinson, and Company, Teleflex Incorporated |
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Urinary Tract Obstruction Treatment Devices Market Analysis
The Global Urinary Tract Obstruction Treatment Devices Market is estimated to be valued at USD 1.41 billion in 2024 and is expected to reach USD 2.03 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031. The aging global population that is more susceptible to urinary diseases and disorders along with the rising prevalence of prostate cancer, kidney stones and other urinary conditions are major factors driving the demand for these devices.
The market is also witnessing increased adoption of minimally invasive procedures over conventional surgery due to the benefits of minimal incision, reduced risk of infection, lesser complications, faster recovery and reduced hospital stay. Additionally, the development of advanced devices such as ureteral stents, ureterorenoscopes and stone baskets for effective removal of urinary tract obstructions is expected to provide new opportunities for market players. Growing healthcare expenditure and improved access to healthcare services in developing economies will further aid the growth of this market over the forecast period.