Genitourinary Prosthetics Market Global Industry Analysis, Trends and Forecast, 2017-2027
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Genitourinary prosthetics are used to treat urinary incontinence and are available in distinct types as prosthetic devices, prosthetic implants, and genitourinary prosthetic grafts. Genitourinary prosthetic implant is a medical device that replaces or supports a missing or damaged biological structure in the body, respectively. They are made up of either silicon, titanium or apatite depending upon the requirement of the occupational therapists or prosthetist. The implantable prosthetic devices have been developed to restore genitourinary function and evolved from the electrical stimulation techniques to increase outlet resistance of urethra. Whereas, genitourinary graft is a surgical procedure in which tissue from one site of the body is transferred to another site. Two types of grafts, namely, synthetic mesh and biological mesh are used to treat genitourinary diseases. Genitourinary prosthetics are utilized in management of a distinct number of urologic conditions so as to restore function of infected area and improves the life of affected patients. Erectile dysfunction is one of the most common type of genitourinary dysfunction. As per U.S.
Department of Health and Human Services, about 30 million men in the United States have been affected by it which ultimately leads to depression, anxiety, unsatisfied life. Urologists and healthcare professionals prefer to choose penile prosthetics to treat erectile dysfunction and provide a quality life to the patient. Thus the rising incidence of erectile dysfunction and infectious disease is driving the demand for genitourinary prosthetics, thereby increasing revenue generation in global genitourinary prosthetics market. There are several risk factors for developing erectile dysfunction that would drive the growth for genitourinary prosthetics market.
Some of these risk factors include hormonal and physical changes, type 2 diabetes, atherosclerosis, chronic kidney disease, Peyronie’s disease, surgery for bladder cancer and others. Due to the rising prevalence of risk factors associated with erectile dysfunction, genitourinary prosthetics market registers a robust growth.
Genitourinary Prosthetics market is growing worldwide as women and men across the globe are lately experiencing urinary conditions that could be wisely treated using genitourinary prosthetics. Genitourinary prosthetics market includes various types that involves testicular prosthetics, artificial urinary sphincter, and penile prosthetics. The Genitourinary Prosthetics market lately has been categorized on the basis of type of material used to manufacture prosthetics as: silicon, titanium and apatite.
Genitourinary Prosthetics: Market Dynamics
Steady innovation in the prosthetics technology, availability of advanced materials for manufacturing prosthetic devices including low-temperature polyethylene therephthalate (LPET), polyetheretherketone (PEEK), silicon and rising adoption of these medical devices over the globe are some of the key factors driving the growth of genitourinary prosthetics market. Rise in risk factors associated with onset of chronic infectious diseases and growing preference of women and men for treatment of genitourinary conditions coupled with the rise in awareness among patients regarding genitourinary prosthetics is further boosting genitourinary prosthetics market across the globe. However, low reimbursement cuts associated with genitourinary prosthetics and high costs for advanced technology is expected to restrain the genitourinary prosthetics market growth.
Genitourinary Prosthetics Market: Overview
Based on treatment type, artificial urinary sphincter implants aremost commonly used genitourinary prosthetics over others followed by penile implants and grafts. Urinary sphincter implants in genitourinary prosthetic implants segment accounts for the largest revenue share in genitourinary prosthetics market. The segment is anticipated to follow the same trend in genitourinary prosthetics market over the coming years as it is more preferred by men over psychotherapies in order to attain fast results.
Genitourinary Prosthetics Market: Region-wise Outlook
On the basis of geography, global genitourinary prosthetics market is segmented into seven key regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa. North America holds the largest revenue shares followed by Europe in the global genitourinary prosthetics market on the account of rising demand for genitourinary prosthetics and availability of enhanced technology in genitourinary prosthetic devices. However, Asia-Pacific is anticipated to register the fast growth in genitourinary prosthetics market during the forecast period due to the rising incidence for diabetes and chronic infections in genitourinary system. Also, Western Europe is anticipated to register a slow growth in global genitourinary prosthetics market over the coming years.
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Genitourinary Prosthetics Market: Key Players
Some of the key players present in global genitourinary prosthetics market are Boston Scientific Corporation, Zephyr Surgical Implants SÀRL, Coloplast Care, Promedon, UroMed, and others
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