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An article on our latest research regarding the US market for urology devices was published on Med Device Online written by iData Research Analyst Nick Choy, and CEO Kamran Zamanian. A political, economic, social, and technological (PEST) analysis of the U.S. urological device market with a focus on the possible impacts that policy changes can have on Medicare and Medicaid Reimbursements, procedure volumes, sales volumes, and market values of medical devices. The following is an excerpt of the published article.

The interplay between political, economic, sociodemographic, and technological factors will likely contribute to the growth of the U.S. urological device market in the near future. Many Americans can reap the benefits generated by the most technologically advanced generation of humankind. These improvements afford us longer lives, the ability to spend more time with our loved ones, and improved quality of life — just in time to service the largest population of men and women over the age of 60 years in history. Sociodemographic factors will likely drive demand for medical devices in the U.S., but healthcare reform will probably have one of the most significant impacts on the decisions stakeholders in the medical industry will make. The Affordable Care Act (ACA) ushers changes that affect the economic incentives of physicians, manufacturers, insurance providers, and other players along the healthcare provision continuum. These changes arise from the seemingly competing priorities of lowering costs while raising quality, and will likely have diverse effects in various markets.

Read the full article on Med Device Online

For Further Information
More on the markets for urology devices can be found in this latest edition report published by iData entitled U.S. Market for Urological Devices, which covers the U.S. as a whole, as well as market segments for urinary incontinence devices, stone management devices, BPH treatment devices, urological endoscopes, prostate cancer treatment devices, urodynamic equipment, and nephrostomy devices.

The iData series on the market for urological devices also covers the U.S., India, China, Japan, and 15 countries in Europe. Full reports provide a comprehensive analysis including units sold, procedure numbers, market value, forecasts, as well as detailed competitive market shares and analysis of major players’ success strategies in each market and segment.

Register online or email us at [email protected] for an U.S. Market for Urological Devices report brochure and synopsis.

About Procedure Tracker
Procedure number data is available from iData’s Procedure Tracker service, which allows subscribers to define and analyze procedure data segmented by State, region, hospital, surgery centre, and physician. A customizable dashboard sorts procedure data for further analysis and research.

About Reimbursement Tracker
iData Research’s Reimbursement Policy Tracker enables medical device, dental, pharmaceutical and healthcare professionals to receive real-time policy updates from hundreds of insurance companies and 60,000+ policies across all therapeutic areas in the United States.

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