URETHRAL STRICTURE TREATMENT MARKET ANALYSIS

Global urethral stricture treatment market is estimated to be valued at US$ 1,657.4 million in 2023 and is expected to exhibit a CAGR of 6.2% during the forecast period (2023-2030).

Analysts’ Views on Global Urethral Stricture Treatment Market:    

Increasing inorganic strategies such as partnership by the key market players is expected to drive the global urethral stricture treatment market growth over the forecast period. For instance, in October 2020, Laborie, a diagnostic and therapeutic medical technology company, announced today that it has acquired Pelvalon, Inc., a privately held medical device company located in Redwood City, California,  which currently conducting clinical trials to support regulatory approval of optilume, a drug-coated balloon (DCB) technology for usage in urethral strictures.                                 

Figure 1. Global Urethral Stricture Treatment Market Share (%), By Type, 2023

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Global Urethral Stricture Treatment Market – Drivers

Increasing inorganic strategies such as approvals by the key market players from the regulatory authorities is expected to drive the global urethral stricture treatment market growth over the forecast period. For instance in February 2022, Laborie, a diagnostic and therapeutic medical technology company, announced that the Therapeutic Goods Administration (TGA) regulation authority in Australia has approved the use of Optilume, a urethral drug coated balloon (DCB) technology for the treatment of anterior urethral stricture.

Figure 2. Global Urethral Stricture Treatment Market Value (US$ Million), By Region, 2023

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Global Urethral Stricture Treatment Market—Regional Analysis

Among all regions the North America is ecpexted to hold the dominant postion in the global urethral stricture treatment market over the forecast period, due to increase in prevalence of urethral strictures. For instance in October 2022,  a data was published in the National Center for Biotechnology Information (NCBI), according to which Urethral strictures are common, with its prevalence in the US being around 200/100,000 in younger men and more than 600/100,000 in men older than 65. The estimated annual incidence rate in The US is 0.9%. Male urethral strictures account for 5,000 hospital admissions annually and 1.5 million visits to clinics

Global Urethral Stricture Treatment Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others faced problems regarding transportation of drugs from one place to another.

COVID-19 affected the global urethral stricture treatment market negatively. For instance, in April 2021, according to an article published by the Elsevier, a scientific journal and publisher, priority 1 patients, who normally should undergo surgery within 30 days, were on the waiting list for a mean (SD) time of 60.51 (20.14) days. They were mainly patients with ureteral lithiasis (25.6%), high-risk or muscle-invasive bladder cancer (20.9%) and high-risk prostate cancer (13.9%). The mean waiting time had already significantly exceeded the mean time to surgery in 2019 

Global Urethral Stricture Treatment Market- Segmentation

Global urethral stricture treatment market report is segmented into type, treatment, disease indication, end user, and region.        

Based on Type, the market is segmented into posterior urethral stricture and anterior urethral stricture. Out of which, the anterior urethral treatment is expected to hold the dominant position in the global urethral stricture treatment market over the forecast period, due to increasing number of urethral stricture in males.

Based on Treatment, the market is segmented into urethral dilation, direct vision internal urethrotomy (DVIU), Urethroplasty (Anastomotic Urethroplasty and Substitution Urethroplasty), and others. Out of which, the urethral dilationsegment is expected to hold a dominant position in the global urethral stricture market over the forecast period, due to increasing number of treatment by this method.

Based on Disease Indication, the market is segmented into latrogenic, idiopathic, infection-induced, trauma,and others. Out of which, the idiopathic segment is expected to hold a dominant position in the global urethral stricture treatment market over the forecast period.

Based on End User, the market is segmented into hospitals, ambulatory surgical centers, and others. Out of which, hospitals segment is expected to be dominant in the global urethral stricture treatment market over the forecast period, owing to increasing number of surgical equipments from hospitals.

Based on Region, The market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Out of which the North America is expected to hold dominant position in the global urethral stricture treatment market over the forecast period.

Global Urethral Stricture Treatment Market- Cross Sectional Analysis

In disease indication, latrogenic segemnt hold a dominant position in Europe region, due to increasing, urethral stricture following transurethral prostate surgery occurs in between 4.5-13% of patients, transurethral surgery is the most common cause of latrogenic urethral stricture accounting for 41% of all causes.

Global Urethral Stricture Treatment Market: Key Developments

Increasing inorganic strategies such as acquisition by the key market players is expected to drive the global urethral stricture treatment market growth over the forecast period. For instance in October 2021, Laborie, a medical technology company, announced that it has acquired Pelvalon, Inc., a privately held medical device company, to increase its product portfolio.

Global Urethral Stricture Treatment Market: Key Trends

Increasing incidence of urethral stricture

Increasing incidence of urethral stricture, and high success rate of the procedure is expected to drive growth of the urethroplasty segment during the forecast period. For instance, according to the British Association of Urological Surgeons (BAUS) Limited, urethroplasty is the most preferred procedure for treatment of urethral strictures, and has a success rate of over 85.0% as compared to other procedures.

Global Urethral Stricture Treatment Market: Restraint

High Cost of the Treatment

Urethral stricture treatment requires highly efficient & technologically advanced procedures. Technologically advanced procedures offer fast recovery with no down time and reduces recurrence. However, high cost of surgical procedures is expected to hamper growth of the market, as individuals in lower middle income economies cannot afford the treatment. According to the Elsevier , the cost of first treatment of Direct Vision Internal Urethrotomy (DVIU) is US$ 3,375.0, and the cost of second term treatment of DVIU is US$ 7,522.5 that is very expensive for patients in low and middle income countries. The cost of the treatment could be reduced by making of surgical intruments in house

Global Urethral Stricture Treatment Market - Key Players

Major players operating in the global urethral stricture treatment market include Becton, Dickinson and Company, Amecath, Zhejiang Chuangxiang, Medical Technology Co., Ltd, Allium Ltd., SURGIMEDIK, Cook Group, Taewoong Medical Co., Ltd., Teleflex Incorporated, B. Braun Melsungen AG, Coloplast A/S, Boston Scientific Corporation, and Pnn Medical A/S, and Laborie.

*Definition: Urethral stricture is the narrowing of the urethra due to scar tissue that leads to obstructive voiding dysfunction with potentially serious consequences for the entire urinary tract. It produces obstructive and irritative urinary symptoms, and can ultimately impair renal function.