Urinary incontinence (UI) is affecting a large number of men and women around the world and it lowers the quality of life dramatically. A large number of treatments have been introduced, but they require invasive surgeries associated with infections and loss of privacy. In this paper, a novel device is introduced which is designed for permanent or temporary treatment of incontinence in men and women, providing more convenience and control. This design provides a urethral stent having a magnetically controlled valve for patients suffering from incontinence due to diseases like bladder sphincter dyssynergia and neurogenic bladder. The new device provides an effective way for controlling the urination time and voiding the bladder, with a simple design, easy to insert, remove, and operate. In this paper, first a review on the urinary system diseases causing incontinence is presented, and then treatment options, indications for their use, and relevant clinical observation are discussed. Finally, the new device is introduced and its characteristics and applications are addressed.