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Benign Prostatic Hyperplasia Treatment Market to Reach Value Over US$ 11.9 Bn by 2031, TMR Study

WILMINGTON, DE / ACCESSWIRE / August 15, 2022 / Transparency Market Research Inc. – The value of the global benign prostatic hyperplasia treatment market stood at US$ 6.9 Bn in 2021. The global market is expected to surpass value of US$ 11.9 Bn by 2031. The global benign prostatic hyperplasia treatment market is estimated to rise at a CAGR of 5.5% during the forecast period, from 2022 to 2031. There are several medical treatments for treating benign prostatic hyperplasia, including BPH drugs, surgical procedures, as well as minimally invasive operations.

Transparency Market Research inc., Monday, August 15, 2022, Press release picture

Demand analysis of benign prostatic hyperplasia treatment forecast that higher incidence of benign prostatic hyperplasia brought on by an elderly male populace, physical inactivity, and obesity is anticipated to drive growth of the market. In addition to that, the global market is anticipated to benefit from growing consumer knowledge about the disease and availability of medications for the condition.

One of the most prevalent benign tumors seen in males worldwide right now is benign prostatic hyperplasia. Benign prostatic hyperplasia is more common in men over 40 years than in younger men. Rising prevalence of this condition is expected to present lucrative growth opportunities for the leading players in the benign prostatic hyperplasia treatment market.

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Key Findings of Market Report

  • Benign prostatic hyperplasia is predicted to present a significant burden to all healthcare systems due to the constant rise in aging population and also changing demographics in almost all nations. It is projected that men will experience it more often, which is likely to propel the global benign prostatic hyperplasia treatment market during the forecast period.
  • The most popular method of treating benign prostatic hyperplasia at the moment is transurethral resection of the prostate (TURP), which is expected to dominate the global market. Its is one of the important recent developments in the benign prostatic hyperplasia treatment.
  • Due to several benefits including shorter hospital stay, less post-operative discomfort, quicker recovery, and reduced blood loss, minimally invasive operations are becoming more and more popular. This is probably going to drive the future market demand for benign prostatic hyperplasia treatment.

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Global Benign Prostatic Hyperplasia Treatment Market: Growth Drivers

  • In 2021, North America dominated the market for benign prostatic hyperplasia treatment. The regional market is being boosted by rapidly aging population, a properly structured health care sector, and increasing prevalence of benign prostatic hyperplasia.

Global Benign Prostatic Hyperplasia Treatment Market: Key Players

Some of the key market players are

  • Olympus Corporation
  • Endo International plc.
  • Boston Scientific Corporation
  • Urologix, LLC
  • Teleflex Incorporated
  • LISA Laser

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Global Benign Prostatic Hyperplasia Treatment Market: Segmentation

Treatment

  • Drug Class
  • Minimally Invasive Surgeries
  • Laser Therapy
  • Others

End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Others

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