The global genitourinary prosthetics market is on the brink of substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period from 2023 to 2033. By 2023, the market is expected to accumulate a value of US$ 577.9 million, increasing significantly from a value CAGR of 3.5% during the historical period from 2018 to 2022.
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Pioneering Genitourinary Prosthetics for Enhanced Healthcare
The genitourinary prosthetics market is at the forefront of medical innovation, providing advanced prosthetic solutions to enhance the quality of life for patients. These prosthetic devices are particularly instrumental in addressing the needs of individuals with genitourinary issues, offering them renewed confidence and functionality.
Key Drivers:
Several key factors are driving the robust growth of the genitourinary prosthetics market:
- Advanced Materials: Developed countries, such as the USA and Germany, are witnessing a mounting availability of advanced materials for manufacturing prosthetic devices. This has led to the development of more effective and comfortable prosthetic solutions.
- Chronic Infectious Diseases: The growing risk factors associated with the onset of chronic infectious diseases are boosting the demand for genitourinary prosthetics. As healthcare awareness increases, so does the need for improved prosthetic options.
Transforming Healthcare and Quality of Life
The growth of the genitourinary prosthetics market represents a significant step forward in the field of healthcare. By offering advanced prosthetic solutions and addressing the unique needs of patients, this market is poised to enhance the quality of life for individuals facing genitourinary challenges.
The key development in the Genitourinary Prosthetics market is as follows:
- Boston Scientific Corporation launched a backboard device that prevents retropulsion and simplifies the procedure in February 2022. The Stone Cone Nitinol Retrieval Coil is an efficient backboard for simple cases. It strengthens procedural efficiency by preventing stone retropulsion up the ureter and into the kidney.
- Over 200,000 patients are diagnosed with Boston Scientific Corporation’s AMS 800TM Artificial Urinary Sphincter, which was introduced in April 2022. Following prostate surgery, artificial urinary sphincters are the gold standard treatment for male stress urinary incontinence (SUI).
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Key Segments:
By Product Type:
- Devices
- Catheter
- Electronic Stimulator Device
- Stent
- Implants
- Artificial Urinary Sphincter Implants (AUS)
- Inflatable Penile Implant (IPP)
- Testicular Prosthetic Implants
- Grafts
- Synthetic Mesh
- Biological Mesh
- Allograft
- Xenograft
- Suture Anchors
By Material Type:
- Silicon
- Titanium
- Apatite
By End User:
- for Hospitals
- for Clinics
- for Rehabilitation Centers
- for Outpatient Surgical Centers
By Region:
- North America Market
- Latin America Market
- Europe Market
- Asia Pacific Market
- Middle East & Africa Market
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