Transurethral resection of the prostate (TURP) is a surgical procedure to remove excess part of the prostate gland which obstructs normal urine flow. The prostate gland is a vital part of the male reproductive system which secretes fluid that nourishes and protects sperms. This obstructive condition of prostate is also referred as benign prostatic hyperplasia (BPH). Initial signs and symptoms of BPH are often vague, variable, and nonspecific, making its diagnosis challenging. During TURP procedure, prostate gland is investigated through the cystoscope (surgical instrument) and a small surgical tool is inserted through the cystoscope to remove the enlarged prostate. Sometimes, the fluid that is used to flush bladder during transurethral resection enters into bloodstream and causes severe problems such as hypothermia, bradychardia and hypoxia. This condition is known as TUR syndrome and is temporary in nature.

For more than 60 year, TURP has been the gold standard for treating lower urinary tract obstructions caused by benign prostatic hyperplasia (BPH) and benign prostatic obstruction (BPO). Current technological advancements such as continuous-flow instruments, bipolar TURP and video-TURP have substantially decreased the mortality and morbidity due to urino-genital infections. Globally increasing elderly population has been identified as one of the major factors contributing to the growing demand for transurethral resection procedures. As per the U.S National Library of Medicine, 60% of men over the age of sixty years and 80% of men over the age of 80 years have been diagnosed as BPH patients. Visual, hands-on access to the prostate, immediate removal of excess tissue and ability to combine with other procedures are some of the advantages of TURP over other available treatment options for lower urinary tract infections. Some major minimally invasive treatment options for BPH include lasers, microwave, radio waves, photoselective laser vaporization of the prostate (PVP) and ultrasound. These treatment options are expected to serve the market for TURP as growth restraints during the forecast period from 2014 to 2019. Moreover, medications, another possible treatment option such as alpha 1-blockers, antibiotics, finasteride and dutasteride to decrease the size of the prostate are also restraining the current TURP market.

Resectoscopes, catheters and resectoscopes electrodes (monopolar electrodes bipolar electrodes, grooved roller turp electrodes and straight cutting loop turp electrodes) are some major devices that are widely used during TURP procedures.Based on geography, the TURP market has been analyzed as North America, Asia-Pacific,Europe, and the Rest of the World (RoW). North America and Europe held the largest shares in terms of market revenue of the global TURP market in 2013. The primary reasons for North America and Europe holding the leading positions in the global TURP market are high prevalence of lower urinary tract diseases such as BPH and BPO, and well established healthcare infrastructure in both the regions. According to the American Urological Association, 15 million men in the United States are symptomatic to BPH and in the approximately 150,000 people have TURPs performed each year. However, Asia-Pacific is expected to witness highest growth rate during the forecast period from 2014 to 2020. A number of factors such as increasing prevalence of urinary tract infections, aging population, increasing focus on research and development would be fuelling the growth of TURP market in Asia-Pacific in coming years. According to the Department of Economic and Social Affairs, United Nations, 23 million individuals aged 80 years or over were living in China in 2013. The Department of Economic and Social Affairs further states that nearly 10 million and 9 million individuals aged 80 years or over were living in India and Japan, respectively in 2013.Some of the major players in TURP market include Olympus Corporation, Richard Wolf, Degania Silicone Ltd, Limbs & Things Ltd and KARL STORZ GmbH & Co. KG.

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.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Transurethral Resection Prostate Market

Pre Book