Artificial Urethra Market To Reach USD 841.44 Million by 2026 | AT a CAGR 10.5% – Reports and Data
According to the current analysis of Reports and Data, the Global Artificial urethra market is expected to reach USD 841.44 million by the year 2026, in terms of value at a CAGR of 12.5%. The efflux of urine is a common condition, which affects the patient’s quality-of-life. Incontinence may arise as a consequence of a weakness of the urinary bladder or sphincter dysfunction, usually over-activity. The artificial urethra also called as artificial urinary sphincter consists of a cuff or ring that is placed around the urethra. There is a pump placed in the wall of the scrotum which can be manually squeezed. Upon squeezing the pump, fluid is shifted from the cuff to a balloon or reservoir that is placed behind the abdominal muscles.
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Increase in investments in the market, which are supporting the technological advancements, and rise in healthcare expenditure are estimated to shape the growth of the artificial urethra market. The technological advancements in the artificial urethra include development of enhanced silicone rubber designs, advanced slings, and other flow securing devices. Due to these advancements in recent times, artificial urethras have demonstrated lesser adverse effects and greater efficacy and symptomatic relief in patients with prostate gland disorders as compared to conventional methods. Likewise, the potential benefits of artificial urethra therapy, such as long-term efficacy for 10 to 15 years, are projected to facilitate growth over the study period.
The pharma and healthcare industry is expected to observe significant growth over the coming years attributed to the increasing incidence of chronic diseases across the globe, growing geriatric patient pool, availability of advanced and minimally invasive surgical and diagnostics procedures, favorable reimbursement scenario, and presence of a robust product pipeline of drugs and therapeutics. In addition, growing integration of IoT, ML, and AI in medical procedures and equipment along with rapid progress in drug design and development. Combination of innovation and technology has brought about massive changes in the healthcare industry and the rapid adoption of telemedicine, remote consultation, and e-prescription have significantly contributed to the revenue growth of the market.
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Asia Pacific is expected to lead the market growth over the coming years owing to rapid advancements in healthcare sector in APAC countries such as India, China, and Japan. North America is anticipated to register highest market growth over the forecast period attributed to increasing availability of robust healthcare and clinical settings, legalization of medical marijuana, favorable reimbursement scenario, presence of key market players, and rapid technological advancements in the region.
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Key findings from the report suggest
- The silicone elastomers segment of global artificial urethra market is expected to grow at a high CAGR by 2026. The significant share is due to long term effects of silicone elastomers.
- As no single device to manage incontinence is appropriate for all situations, a diverse range of products are available on the market. some of the key issues of continence care along with the the current technology and recent product development strategies, assessment & treatment of incontinence through novel procedures are expected to drive the demand in analysis period. However, the high cost of the surgery is still a restraining factor.
- By application, it has been observed that men are using the artificial urethra to a greater extent due to the increase in prostate infections. According to the National institute of Diabetes and Digestive and Kidney Diseases (NIDDK, 2014), prostatitis accounts for about two million visits to health care providers in the U.S. each year affecting 10 to 15 percent of the U.S. male population.
- The increasing geriatric population across the world is a major driving factor for artificial urethra market.
Companies considered and profiled in this market study
Boston Scientific Corporation, Zephyr Surgical Implants, GT Urological, Myopowers Medical Technologies SAS, and Promedon are some of the major players in the artificial urethra market.
- This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the artificial urethra market into product types, incontinence types, disease type, sales channel types, end use type and region.
By Product: (Revenue, USD Million; 2016-2026)
- Silicone elastomers
By Incontinence Type (Revenue, USD Million; 2016-2026)
- Stress Incontinence
- Urge Incontinence
- Overflow Incontinence
- Functional Incontinence
By Sales channel (Revenue, USD Million; 201-2026)
- Channel sales
- Direct sales
By End-user: (Revenue, USD Million; 2016-2026)
- Specialty Clinics
- Research institutes
By Region (Revenue, USD Million; 2016-2026)
- North America
- Rest of the Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Other Countries
Growing popularity of over-the-counter medications driving market growth
Growing incidence of acute and chronic diseases and lesser access to advanced medical facilities owing to low disposable income levels are driving the demand for over-the-counter medications. Availability of generic and low-cost alternatives to medical therapies are some other factors playing a major role in driving demand for over-the-counter medications.
Restriction on product launches and R&D activities to hamper market growth
Imposition of strict government regulations and shortage of funds have put a halt on the product launches and R&D activities and are expected to restrain market growth over the forecast period. In addition, launch of expensive drugs and therapies and increasing regulations regarding safety and approvals are also hampering market growth.
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