Urinary control system is an implanted medical device used to treat moderate to severe stress urinary incontinence. It is also known as artificial urinary sphincter, which is designed for men. A urinary control system varies with design and other technology. However, a common urinary control system is a thread like structure which is used in mechanical constriction mechanism around the urethra. Externally accessible control mechanism allows a user to relieve the constriction and helps in urination. Its unique design and easy handling features ensure better functional ability, and also increases the demand of the urinary control systems from the research and pathology laboratory in near future. However, improvement in urology surgical technique and rise in prevalence of postprostatectomy urinary incontinence (PPUI) among the geriatric population have increased usage of urinary control systems.
The two techniques used in urinary control system are surgical (slings, tension-free tape, suspension, and others) and non-surgical (occluder devices and others) used in different urology surgeries. Suspension and slings used for urinary control systems are the most widely adopted devices. However, promising results of occluder devices in terms of efficiency during various urology surgeries is expected to drive the non-surgical segment in the next few years. Applications of urinary control system include urinary bladder surgery and prostrate surgery. Urinary bladder surgery uses the urinary control system to stop unwanted flow of urine due to moderate-to-severe stress during surgical procedure. Various clinical trials are under way for the application of urinary control system in other major surgery procedures.
Major factors expected to drive the urinary control system market during the forecast period are rise in prevalence of bladder cancer and urinary infection, surging geriatric population leading to high infection rate of urinary tract, increase in applications of urinary control system in different urinary or prostrate surgeries. Favorable reimbursements and technologically advanced designs introduced by manufacturers such as occlusive cuff or pumps attached with implant in the global market are also likely to propel the global urinary control system market during the forecast period. However, rise in surgical costs and side effects of urinary bladder surgery are likely to hamper the growth of the urinary control system market during the forecast period.
In terms of region, the global urinary control system market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the global urinary control system market from 2017 to 2025, owing to factors such as increase in geriatric patient population suffering from urinary disorders, rise in number of devices receiving regulatory approvals, surge in demand for new and advanced urinary control system, and favorable reimbursement policies for surgery. Rise in incidence of bladder cancer and urinary tract infections are also expected to drive the market in the region during the forecast period. According to American Cancer Society estimates, about 79,030 new cases of bladder cancer have been reported in the U.S. alone in 2017. Bladder cancer accounts for about 5% of all new cancers in the country. Also, the increasing approvals on different surgical procedures techniques by surgeons & researchers develops wide opportunities for the market players to operate the urinary bladder using urinary control system in the North America region. However, rise in incidence of prostate cancer surgeries in Asia Pacific and increase in health care expenditure are expected to augment the urinary control system market in Asia Pacific from 2017 to 2025.
Key players operating in the global urinary control system market include Coloplast Group, C. R. Bard, Boston Scientific Corporation, Medtronic, Solace Therapeutics, RBM MEDICAL SERVICES LIMITED, Silimed, Zephyr Surgical Implants, and GT Urological, LLC.
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
- 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.