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As per the report published by Fior Markets, the global urethral dilator market is expected to grow from USD XX million in 2018 to USD XX million by 2026 at a CAGR of XX% during the forecast period from 2019-2026. Increasing geriatric population, the growing occurrence of diseases requiring endoscopic procedures, and development of technologically advanced products are some of the factors that led to the growth of urethral dilator market in North America region.

Urethral Dilator Market by Type (Hydraulic Urethra Dilator, Others), Application (Hospitals, Clinics, Ambulatory Surgical Center), Region and Global Forecast 2019-2026.

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Prominent companies in the industry include Cook Medical, Medline Industries, Inc., Bard Medical, Boston Scientific, Teleflex, Ace Medical Devices, Envaste, Rontis Medical, Smiths Medical, Urotech, Medline Industries, Inc., Zhejiang Chuangxiang Medical Technology, and among others are offering greater opportunities and major players are continuously focused on new product developments and venture capital investments to obtain market share.

Type segment includes hydraulic urethra dilator and others. The hydraulic urethra dilator segment held the highest market share in the global urethral dilator market due to its use in treating routine dilation of the urethra. The application segment covers hospitals, clinics, and ambulatory surgical center. The hospitals segment is anticipated to grow with the highest growth rate owing to the high turnover of patients with urological diseases in hospitals.

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Demand are increasing healthcare expenditure in developed countries, new product launches, and R&D activities are the key driving factors for the urethral dilator market. In addition, increasing adoption of minimally invasive treatments will lead the growth of urethral dilator market in couple of years. The high cost of products may limit the growth of market. However, growing adoption of minimally invasive treatments and increasing occurrence of urethral stricture disease is expected to boost the urethral dilator market over the forecast period.

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