About Transurethral Resection of the Prostate (TURP)
Transurethral resection of the prostate (TURP) is a surgical procedure to remove excess part of the prostate gland which obstructs normal urine flow According to the American Urological Association, 15 million men in the United States are symptomatic to BPH and in the approximately 150,000 people have TURPs performed each year. This increasing number of prostate surgeries has increased the market growth of TURP. The Transurethral resection of the prostate market is expected to experience steady growth in the coming years, driven by the increasing prevalence of BPH, technological advancements, and rising awareness. However, the high cost of the procedure and the availability of alternative treatments remain challenges that the market needs to address.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Transurethral Resection of the Prostate market is expected to remain competitive in the coming years. Established players will need to adapt to changing market dynamics and technological advancements to maintain their market share. Meanwhile, new entrants with innovative technologies and cost-effective solutions have the potential to disrupt the market and gain a foothold. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Transurethral Resection of the Prostate (TURP) market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
KARL STORZ GmbH & Co. KG.(Germany), Degania Silicone Ltd (Israel), Limbs & Things Ltd (United Kingdom), Olympus Corporation (Japan), Richard Wolf (United States), Boston Scientific Corporation, Ace Medical Devices (India), Biolitec (Germany) and Convergent Laser Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Teleflexed Incorporated (United States), Coloplast A/S (Denmark), Erbe Elektromedizin GmbH (Germany), Lumenis (Israel) and Medtronic PLC (Ireland).
Segmentation Overview
AMA Research has segmented the market of Global Transurethral Resection of the Prostate (TURP) market by , Application (Hospital, Clinic and Laboratory) and Region.
On the basis of geography, the market of Transurethral Resection of the Prostate (TURP) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Transurethral Resection of the Prostate (TURP) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Trend for Bipolar TURP and Video-TURP
Market Growth Drivers:
Rising Awareness Among People Regarding TURP and Growing Prevalence of Lower Urinary Tract Diseases such as BPH And BPO
Challenges:
Availability Alternative Treatment Options such as Microwave or Radio Waves
Restraints:
Higher Cost of Transurethral Resection of The Prostate Surgery and Risks and Potential Complications
Opportunities:
Medical Reimbursement Facilities and Government Initiatives Across The Globe, Increasing Investment in Research and Development and Globally Increasing Elderly Population
Market Leaders and their expansionary development strategies
In September 2023, Olympus enters a strategic partnership with University College London (UCL) to research and develop novel TURP techniques and technologies. This collaboration aims to leverage UCL's academic expertise with Olympus' technological advancements to improve TURP outcomes.
In September 2023, Erbe Elektromedizin GmbH debuts the VersaPulse™ Urology Generator in select markets. This generator offers versatile settings for various urological procedures, including TURP.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.