Benign Prostatic Hyperplasia (BPH) Devices Market Size to Reach Revenues of around USD 800 Million by 2020 - Arizton

Benign Prostatic Hyperplasia (BPH) Devices Market Size to Reach Revenues of around USD 800 Million by 2020 - Arizton

PR Newswire

CHICAGO, Dec. 14, 2020

CHICAGO, Dec. 14, 2020 /PRNewswire/ -- The global benign prostatic hyperplasia (BPH) devices market is expected to grow at a CAGR of over 22% during the period 2019−2025.

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Key Highlights Offered in the Report:  

  1. The growing prevalence of BPH coupled with increasing elderly population will result in an incremental growth of more than USD 1.5 billion during the forecast period.
  2. North America and Europe are expected to grow faster than the global market CAGR, due to high penetration minimally invasive surgical procedures for treating BPH.
  3. The US is likely to witness the highest incremental growth of around USD 1 billion and is expected to grow at significant rate during the forecast period.
  4. Increasing patients' interest to undergo MI surgeries in specialty clinics will result in the domination of specialty urology clinics with around 48% share in 2025 compared to other end-user segments.
  5. Vendors need to strategically focus on the development and commercial launches of advanced BPH treatment devices that can be used in in-office settings to penetrate and tap the huge growth potential prevailing in the market.

Key Offerings:

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Benign Prostatic Hyperplasia (BPH) Devices Market – Segmentation

Benign Prostatic Hyperplasia (BPH) Devices Market by Procedure

Benign Prostatic Hyperplasia (BPH) Devices Market by End-user 

Benign Prostatic Hyperplasia (BPH) Devices Market – Dynamics

The prevalence of BPH among the elderly men population is high globally. To overcome this high prevalence, vendors are upcoming with technologically advanced treatment and various devices to treat this high prevalence of BPH. Medication is the primary line of treatment preferred by many patients, but around 45 to 60% of patients tend to drop medication and opt for advanced therapy to get relief from lower urinary tract symptoms (LUTS) and other complications immediately. There are a number of treatments for the BPH condition that aim to eliminate or reduce swollen prostate tissues. One of the new, minimally invasive procedure urologists are advising to opt for is called UroLift. It is a Teleflex product that enables treatment in outpatient centers right in the doctor's office.

Key Drivers and Trends fueling Market Growth:

Benign Prostatic Hyperplasia (BPH) Devices Market – Geography

North America has many major BPH device manufacturers who focus on the innovative launch of new BPH treatment devices that improves the quality of care. In addition, there is a high penetration of laser therapy due to the availability of sophisticated healthcare infrastructure. Many clinics and urology centers have laser equipment that is used to treat the patient population, which boosts the BPH devices market in the region. Though the high cost of BPH devices can affect the market adversely, the presence of reimbursement coverage for both invasive and MI treatment options will have a positive impact on the growth of the market.

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Benign Prostatic Hyperplasia (BPH) Devices Market by Geography

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Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

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