Transurethral resection of the prostate (TURP) devices are those which can be used to remove excess parts of the tissues present in the prostate gland, which blocks normal urine flow in the human body. TURP is done using a device namely, a resectoscope, which is a thin metal tube containing a camera, light, and loop of wire. The tube passed along your urethra until it reaches your prostate, which means no cuts (incisions) need to be made in the skin. The wire is then heated with an electric current and can be used to cut away the section of the prostate part, which is unwanted. During the TURP procedure, the prostate gland is investigated through the cystoscope (surgical instrument), and a small surgical tool is inserted through the cystoscope to remove the enlarged prostate.
COVID-19 scenario analysis:
The infected population is increasing due to which the management of the disease is a great challenge. The medical devices which are used in the management of infected population include ventilators, oxygen support systems and the monitors to keep a track on the progress of recovery. Furthermore, COVID-19 the medical supplies to avoid the spread of infection through direct contact are demanded more during the current scenario. These medical supplies are mainly the personal protective Equipments and the sanitizers which avoids the infection susceptibility. With rise in number of COVID-19 cases worldwide, the need for medical supplies keeps on mounting among, both from healthcare professionals and civil population for precautionary measures. The manufacturers of these medical devices and supplies are attaining maximum revenue in the forecast period.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The key factors which would help the market grow include the rise in the geriatric population and the surge in the inclination towards the minimally invasive procedures in the coming years. The increase in the technological advancements in the TURP devices would help the industry to gain maximum revenue in the forecast period. The advantages offered by the TURP devices such as direct removal of the excessive tissue, and visual, hand –on access which would help the industry of TURP devices to grow in the next few years.
New product advancements to flourish the market
In April 2020, Olympus, a global technology leader in designing and delivering innovative solutions for medical and surgical procedures, announced today the FDA de Novo classification of the iTind device, a non-surgical device for the minimally invasive treatment of Benign Prostatic Hyperplasia (BPH). The iTind device was developed by the Israeli-based medical device manufacturer Medi-Tate.
Through an investment in Medi-Tate, Olympus holds the exclusive right to distribute Medi-Tate products, including the iTind device, in the U.S. This deliberate investment and the introduction to the United States market of this novel device, reinforces the already robust Olympus urology portfolio by offering expanded options in enhanced patient care.
Surge in mergers and acquisitions to boost the market
In November 2018, Olympus Corporation announced that it had entered into a final agreement for an investment in the Israeli company, Medi- Tate. The agreement includes the right to distribute the company’s products and a call option that, if exercised, would allow Olympus to acquire 100% of the company. This acquisition would help the key leaders to gain attention in the industry and hence help the industry to grow in the forecast period.
The growth in the mergers and acquisition numbers would help in gaining the attention in the market and hence help in boosting the industry in the forecast period. The agreements help in the expansion of the product portfolios of the major market leaders and improve the distribution access propelling the industrial growth in the coming years.
Key benefits of the report:
- This study presents the analytical depiction of the global TURP Devices industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global TURP Devices market share.
- The current market is quantitatively analyzed to highlight the global TURP devices market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the TURP devices market.
- The report provides a detailed global TURP devices market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the TURP Devices Market research report:
- Who are the leading market players active in the TURP Devices market?
- What are the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in tasking further strategic steps?
TURP Devices Market Report Highlights
| Aspects | Details |
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 By Indication |
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 By End User |
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 By Region |
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 Key Market Players | Covidien, Boston Scientific, Manfred Sauer, Olympus, Cook Medical, Hollister, Wellspect HealthCare, Karl Storz, Lumenis, Teleflex |
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