TURP Device Sales in Spain, France and the U.K. Drive Growth in the BPH Treatment Market
VANCOUVER, April 24, 2012 /PRNewswire/ - According to a new report by iData Research (www.idataresearch.net), the leading global authority in medical device market research, the European urological device market, was valued at over €1 Billion in 2011. Growth will be fueled by increased sales of robotic prostatectomy for the treatment of prostate cancer, particularly in Germany and Italy. The BPH treatment market is also expected to grow rapidly, driven by sales of Laser BPH and TURP devices, particularly in Spain, France and the UK.
"In 2011, interventional BPH was the fastest-growing urological procedure performed in Europe," says Dr. Kamran Zamanian, CEO of iData. "Growth is being fueled by improved diagnosis and early treatment due to increased awareness and a decline in social stigma associated with many urological disorders."
The report states that AMS and Lumenis are battling for control of the rapidly-growing laser BPH market, while Olympus and Karl Storz are vying for control of the TURP device market. Increased use of bipolar electrodes is driving up the value of the TURP market, as the devices are significantly more expensive than monopolar electrodes and accounted for more than 87% of devices used.
Additionally, the robotic prostatectomy is expected to be the fastest-growing segment within the overall urological device market. Intuitive Surgical is currently the sole competitor in Europe with its da Vinci® systems.
"The robotic prostatectomy market in Europe is being fueled by adoption by surgeons as an effective technique for the treatment of prostate cancer," says Dr. Zamanian. "The technique is considered to have increased precision and safety over other options such as open or laparoscopic prostatectomy."
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iData's 3-report series on the: "Markets for Urological Devices 2012" includes the U.S., Europe (15 countries) and Asia-Pacific (3 countries) and covers the treatment of benign prostatic hyperplasia (BPH), prostate cancer, urinary incontinence and urological stones.
About iData Research
iData Research (www.idataresearch.net/idata/discoveridata.php) is an international market research and consulting group focused on providing market intelligence for medical device, dental and pharmaceutical companies. iData covers research in: urology, endoscopy, women's health and more.
SOURCE iData Research Inc.