Challenges Abound as Demand for Urinary Incontinence Devices Grows, Says Frost & Sullivan.Business Editors & Health/Medical Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--June 26, 2001 The U.S. urological devices market will continue to grow due to steady product demand from an aging patient population suffering from a range of urinary-related afflictions. New analysis from the healthcare group at Frost & Sullivan (www.healthcare.frost.com), "U.S. Urological Devices Market," shows revenues growing from approximately $473 million in 2000 to more than $562 million by 2007. "With nearly 25 million people in the U.S. suffering from urinary incontinence Urinary Incontinence Definition Urinary incontinence is unintentional loss of urine that is sufficient enough in frequency and amount to cause physical and/or emotional distress in the person experiencing it. , demand for urological devices will increase as patients gain greater awareness of the available treatment options and products," says Frost & Sullivan Medical Device Analyst Collin Tam. "Regardless of patient awareness and demand for such equipment, the lack of healthcare provider reimbursement presents a big challenge for this market." Gaining approval for a new product by the Food and Drug Administration (FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. ) does not necessarily materialize into reimbursement by Medicare. Manufacturers should be prepared for extensive clinical testing to prove cost-effectiveness of the device. Only then can products receive the necessary Medicare reimbursement codes. Another challenge facing market participants The term market participant is used in United States constitutional law to describe a U.S. State which is acting as a producer or supplier of a marketable good or service. When a state is acting in such a role, it may permissibly discriminate against non-residents. is the common occurrence of urinary tract infections urinary tract infection (UTI), n infection in one or more of the structures that make up the urinary system. Occurs more often in women and is most commonly caused by bacteria. experienced by many patients. Developing new, innovative catheters with lower infection rates can help manufacturers expand their market share. Market participants who have developed anti-microbial products have experienced an increased patient base as these innovations reduce the rate of infection. Urinary implants (UI), which are utilized in urethral urethral pertaining to or emanating from urethra. urethral agenesis, urethral atresia failure of development of all or part of the urethra: characterized by complete urine retention. A rare cause of neonatal uremia. sling sling (sling) a bandage or suspensory for supporting a part. mandibular sling a structure suspending the mandible, formed by the medial pterygoid and masseter muscles and aiding in operations, are also forecast for steady growth as urethral sling procedures increase in popularity due to an impressive success rate in eliminating incontinence. "The urethral sling procedure is the main choice for women with severe stress incontinence stress incontinence n. A sudden, involuntary release of urine caused by muscular strain accompanying laughing, sneezing, coughing, or exercise, seen primarily in older women with weakened pelvic musculature. . As this procedure continues to grow, more companies are expected to focus on sling technologies," states Tam. Frost & Sullivan presents the 2001 Marketing Engineering Awards to companies that have worked diligently to make a positive contribution to the urological devices industry. These market specific awards are presented to Bard Urological, Carbon Medical Technologies and Empi. Frost & Sullivan is a global leader in international strategic market consulting and training. This ongoing research is part of the frost.com Medical Devices Monitor Service, which includes market analyses on the U.S. Endoscope endoscope, any instrument used to look inside the body. Usually consisting of a fiber-optic tube attached to a viewing device, endoscopes are used to explore and biopsy such areas as the colon and the bronchi of the lungs. Markets and the U.S. Needles, Syringes and Needleless Device Markets. Frost & Sullivan also offers custom consulting to a variety of national and international companies. Executive summaries and interviews are available to the press. U.S. Urological Devices Market Report: 7760-54 |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion