The benign prostatic hyperplasia treatment market is projected to reach USD 14.1 billion by 2026 from USD 10.8 billion in 2021, at a CAGR of 5.3% from 2021 to 2026.
Factors Driving the Market Growth:
The growth of this market is driven by the increasing prevalence of benign prostatic hyperplasia, the rising preference for minimally invasive surgeries, increasing obesity rate, and investments, funds, and grants for research in the field of BPH treatment.
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Drug treatment is expected to hold the largest share of the benign prostatic hyperplasia treatment market, by type in 2021.
Based on the type, the BPH treatment market is segmented into drug treatment and surgical treatment. Drug treatment is the largest and the fastest-growing segment in this market. This can primarily be attributed to the use of medications as the first line of treatment among men with mild to moderate symptoms of BPH.
Home healthcare is expected to hold the largest share of the benign prostatic hyperplasia treatment market, in 2021.
Based on the end user, the market is segmented into home healthcare and hospitals & clinics. In 2019, home healthcare accounted for the largest share of this market, as most patients are prescribed medications over surgery. Patients are also advised to continue taking medications for a few weeks post-surgery and may even require catheters for a few days. As a result, the emphasis in his market is skewed toward home healthcare over hospital care.
North America commanded the largest share of the benign prostatic hyperplasia treatment market in 2021.
On the basis of region, the benign prostatic hyperplasia treatment market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. In 2019, North America commanded the largest share of the benign prostatic hyperplasia treatment market. The large share of this market segment can be attributed to the rising geriatric and obese population and the availability of research funding are the major factors driving the market growth. Initiatives by key players are also expected to contribute to the market.
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Key Players Driving the market:
The major players operating in this market are Boston Scientific Corporation (US), Coloplast Group (Denmark), Teleflex Incorporated (US), Olympus Corporation (Japan), GlaxoSmithKline PLC (UK), Eli Lilly (US), Pfizer, Inc. (US), Abbott (US), Asahi Kasei Corporation (Japan), Merck & Co., Inc. (US), Astellas Pharma Inc. (Japan), Allergan plc (Ireland), Alembic (India), IPG Photonics Corporation (US), Richard Wolf GmbH (Germany), Unilab, Inc. (Philippines), Pharex Health Corporation (Philippines), Biolitec AG (Austria), Urologix, LLC (US), Advin Health Care (India), Medifocus, Inc. (Canada), Asclepion Laser Technologies GmbH (Germany), Pnn Medical A/S (Denmark), Surgical Lasers Inc. (Canada). Quanta Systems (Italy), Allium Ltd. (Israel), Lumenis Ltd. (Israel), KARL STORZ SE & Co. KG (Germany), and SRS Medical (US).
Benign Prostatic Hyperplasia Treatment
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HOME ❯ TOP MARKET REPORTS ❯ BENIGN PROSTATIC HYPERPLASIA TREATMENT MARKET
Benign Prostatic Hyperplasia Treatment Market by Type [Drug (Alpha
Blockers(Tamsulosin, Doxazosin), 5-Alpha Reductase Inhibitors
(Finasteride, Dutasteride), Surgical Treatment (TURP, TUMT, TUNA],
End User (Hospitals) - Global Forecast to 2026
[158 Pages Report] The benign prostatic hyperplasia treatment market is projected to reach USD
14.1 billion by 2026 from USD 10.8 billion in 2021, at a CAGR of 5.3% from 2021 to 2026. The
presence of a large geriatric and target patient population and the improving healthcare
infrastructure in several APAC countries are expected to offer growth opportunities in the market
during the forecast period.
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Covid -19 Impact On The Benign Prostatic Hyperplasia Treatment Market
The market for BPH treatment is anticipated to be considerably affected due to the outbreak of
COVID-19. Since hospitals would face a huge demand for resources to fight against a possible
increase of COVID-19 cases, elective surgeries of benign pathology had been recommended to be
delayed until the strain on the hospital system from COVID-19 decreases. Owing to this, surgical
procedures such as TURP, HoLEP, ThuLEP, and PVP had been postponed.
According to a recent study, nearly 2.5 million urological benign surgeries were estimated to be
canceled during the peak of disruption by COVID-19. However, the number of alternative surgical
procedures has increased. For instance, laser treatment can be adopted by additional surgery
centers and other outpatient facilities not focused on COVID-19 patients.
DRIVER:Increasing prevalence of benign prostatic hyperplasia
BPH refers to the nonmalignant growth of prostate tissue and is a frequent cause of low