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    Market Data

    Urological Device Market to Make Steady Growth

    New report shows sector almost doubling before the end of the decade.

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    01.26.12
    According to a new report by iData Research, the U.S. urological device market was valued at more than $3.5 billion in 2011 and is expected to reach almost $6 billion by 2018. The fastest-growing segment in 2011 was the market for prostate cancer treatment devices, which includes brachytherapy, cryotherapy, robotic prostatectomy and external beam radiation therapy. Growth in the urological devices will be fueled by sales of intermittent urinary catheters and urological endoscopes, according to the study's authors.

    “The total prostate cancer treatment device market is expected to grow at double-digit rates over the forecast period, primarily driven by sales of robotic prostatectomy and EBRT capital equipment,” said Dr. Kamran Zamanian, CEO of iData. “Not only is the incidence of prostate cancer increasing but the procedure of robotic prostatectomy has been gaining acceptance by urologists, due to their clinical benefits over traditional methods.”

    According to the report, external beam radiation therapy was the most popular procedure performed on patients diagnosed with prostate cancer in 2011, accounting for almost 80 percent of the total number of procedures performed that year. Robotic prostatectomy, however, grew at double-digit rates and is expected to continue to see strong growth through 2018. Within the prostate cancer treatment market, Intuitive Surgical monopolized robotic prostatectomy with its daVinci surgical system, while Varian Medical Systems and Siemens dominated the external beam radiation therapy market, and C.R. Bard dominated the brachytherapy market.

    Additionally, the intermittent catheter market is set to continue its double-digit growth through 2018 with Coloplast, C.R. Bard and Covidien battling for control of this segment.

    “The significant increase in intermittent catheter sales can be contributed to changes made by the Centers for Medicare and Medicaid Services for the reimbursement of intermittent urinary catheters, as well as the growing demand for hydrophilic-coated catheters,” said Zamanian. “These factors have caused the total urinary intermittent catheter market to grow significantly in the past year.”

    iData is based in Vancouver, British Columbia, Canada.
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