Industry Background:
The urethral stricture is a narrowing of the urethra. The urethra is a canal that carries urine from the bladder so it can be expelled from the body. A urethral stricture restricts the flow of urine from the bladder and can cause a variety of medical problems in the urinary tract including inflammation or infection.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Stryker Corporation (United States), Richard Wolf GmbH (Germany), Cook Medical Incorporated (United States), Olympus Corporation (Japan), Boston Scientific Corporation (United States), Karl Storz GmbH & Co Healthtronics, Inc. (Germany), Lumenis Ltd. (Israel), Jena Surgical GmbH (Germany), StarMedTec GmbH (Germany) and Urotronic, Inc. (United States) |
According to AMA, the market for Urethral Stricture is expected to register a CAGR of 6.5% during the forecast period to 2027. This growth is primarily driven by Increased Prevalence of Urinary Tract Infection, Increased Number of Patients with Prostate Population and Rise in Government Investment in Healthcare Sector.
Globally, a noticeable market trend is evident High Demand for Efficient Treatment for Urethral Strictures The Health Care Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Stryker Corporation (United States), Richard Wolf GmbH (Germany), Cook Medical Incorporated (United States), Olympus Corporation (Japan), Boston Scientific Corporation (United States), Karl Storz GmbH & Co Healthtronics, Inc. (Germany), Lumenis Ltd. (Israel), Jena Surgical GmbH (Germany), StarMedTec GmbH (Germany) and Urotronic, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 8th February 2018, Urotonic, Inc. has received a license to begin treating urethral strictures with its Optilume drug-coated balloon (DCB) in Canada. The development is expected to have a significant impact across Canada, where just a handful of physicians currently perform a majority of all stricture treatments.
Urethral Stricture Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increased Prevalence of Urinary Tract Infection
- Increased Number of Patients with Prostate Population
- Rise in Government Investment in Healthcare Sector
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Influencing Trends | - High Demand for Efficient Treatment for Urethral Strictures
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Restraints | - Limited Access and Availability of Treatment Facilities
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Gaps & Opportunities | - Growing Demand for Cost-Effective Medications for Urethral Stricture
- Rising Geriatric Population Worldwide
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Urethral Stricture Market
- Analysis about New Entrants in Urethral Stricture Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Urethral Stricture Study Sheds Light on
The Urethral Stricture Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Urethral Stricture industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Urethral Stricture industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.