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Artificial Urinary Sphincters Market: Overview

Urinary sphincters are two muscles that control the passage of urine in the urinary bladder through the urethra. These muscles play a vital role in retention and release of urine. These two muscles are external urethral sphincter and internal urethral sphincter. When one of the muscles contracts, the urethra is shut and hence the passage of urine is stopped. The two muscles have some differences in men and women. Reflux of seminal fluids into the male bladder is prevented by the internal urethral sphincter during ejaculation. The external sphincter in women consists of three parts: urethrae, urethrovaginal muscle, and the compressor urethrae. Artificial urinary sphincters are used to treat urine incontinence among men and women.

Artificial Urinary Sphincters Market: Key Trends

The global artificial urinary sphincters market is driven by increase in the number of patients with urinary incontinence, technological advancements in artificial urinary sphincters, and rise in demand for safe and effective products for the treatment of urinary incontinence. Additionally, major research institutes are conducting clinical trials for innovating new approaches for urinary incontinence. Researchers at Sant’Anna School Biorobotics Institute tested a magnetically controlled endourethral artificial urinary sphincter used in minimally invasive surgery. However, growth of the market is projected to be restrained by various factors such as product recalls by regulatory authorities such as the U.S. Food and Drug Administration (FDA) and the Therapeutics Goods Administration (TGA) and availability of alternatives to urinary sphincters. Moreover, developing minimally invasive solutions to urinary incontinence in men and women is expected to present significant opportunities in the market.

Artificial Urinary Sphincters Market: Segmentation

The global artificial urinary sphincters market can be segmented based on target group, end-user, and region. In terms of target group, the market can be classified into male and female. Based on end-user, the global artificial urinary sphincters market can be categorized into hospitals, ambulatory surgical centers, and others. The ambulatory surgical centers segment is expected to expand at a high CAGR in the next few years, owing to increase in the number of urinary incontinence surgeries in these centers.

Artificial Urinary Sphincters Market: Regional Analysis

The global artificial urinary sphincters market can be segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to account for significant market share owing to increase in the use of urinary incontinence devices by patients. The market in North America is anticipated to be driven by increase in the number of market players conducting research on urine incontinence, surge in awareness about availability of surgical treatment for urological disorders, and rise in the importance of surgical management of stress urinary incontinence. Moreover, adoption of new approaches for sphincter placement have paved a way towards new dimensions for surgical procedures. This is expected to boost the growth of the market. In January 2019, robotic assisted placement of urinary sphincter was performed at the Boston Children's Hospital. In Europe, a number of research institutes are currently analyzing safety and efficacy of artificial urinary sphincter treatment of stress urinary incontinence. The market in the region is anticipated to be driven by focus on research in urology and presence of market players offering artificial urinary sphincters. The market in Asia Pacific is expected to expand at a high CAGR due to rise in prevalence of urinary incontinence, increase in the geriatric population, and surge in the number of health care centers such as hospitals offering treatment of urological conditions. According to the Continence Foundation of Australia, nearly 5 million people in Australia experience bladder or bowel control problems. Additionally, increase in the number of urology care centers with technologically advanced surgical devices fuels the growth of the global artificial urinary sphincters market.

Artificial Urinary Sphincters Market: Competitive Landscape

Key players operating in the global artificial urinary sphincters market are Boston Scientific Corporation, Zephyr Surgical Implants, Myopowers Medical Technologies SAS, and Promedon.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Artificial Urinary Sphincters Market

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