Benign Prostatic Hyperplasia (BPH) Treatment Equipment Market to Grow with a CAGR of 4.40% through 2028
Rising aging population and increasing healthcare expenditure
are factors driving the global Benign Prostatic Hyperplasia (BPH) Treatment Equipment
market in the forecast period 2024-2028
According to TechSci Research report, “Benign
Prostatic Hyperplasia (BPH) Treatment Equipment Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the
Global Benign Prostatic Hyperplasia (BPH) Treatment Equipment Market stood at USD 11.07 Billion in 2022 and is anticipated to grow with a CAGR of 4.40% in the
forecast period, 2024-2028. The global
Benign Prostatic Hyperplasia (BPH) treatment equipment market is witnessing
remarkable growth, driven by a range of factors that are shaping the healthcare
landscape. BPH is a common condition affecting aging men, characterized by the
enlargement of the prostate gland, leading to urinary symptoms. With an increasing
aging population and a growing awareness of available treatment options, the
market for BPH treatment equipment has been experiencing substantial expansion.
One of the
most significant factors propelling the growth of the BPH treatment equipment
market is the global aging population. BPH is predominantly an age-related
condition, and as the world's population continues to age, the prevalence of
BPH is expected to rise. This demographic shift increases the demand for BPH
treatment equipment, including minimally invasive procedures and surgical
instruments, to address the symptoms associated with an enlarged prostate.
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The healthcare industry is continually
advancing in terms of technology, and the field of BPH treatment equipment is
no exception. Innovative technologies and minimally invasive procedures have
gained prominence in recent years, offering more effective and patient-friendly
treatment options. Laser therapies, robotic-assisted surgeries, and other
cutting-edge techniques have gained popularity due to their reduced side
effects, quicker recovery times, and improved treatment outcomes. These
advancements are driving both healthcare providers and patients to opt for
modern BPH treatment equipment. Increased awareness about BPH and the
available treatment options has played a pivotal role in driving market growth.
As information becomes more accessible through the internet and various
educational campaigns, patients are more likely to seek medical attention for
their BPH symptoms. Additionally, healthcare professionals are better equipped
to diagnose and recommend appropriate treatments, leading to an uptick in
demand for BPH treatment equipment.
Reimbursement policies and healthcare
financing mechanisms are essential drivers of market growth. In many countries,
governments and private insurance providers cover the cost of BPH diagnosis and
treatment to varying extents. Favorable reimbursement policies not only
encourage patients to seek treatment but also incentivize healthcare providers
to invest in the latest BPH treatment equipment. This, in turn, boosts market
growth. The Global Benign Prostatic Hyperplasia (BPH)
Treatment Equipment Market is segmented into type, end user and company. Based on end user, the Hospitals & Clinics segment has
emerged as the predominant market leader. Hospitals and clinics often engage in clinical research
and trials to evaluate new BPH treatment modalities and equipment. This
commitment to innovation drives the adoption of cutting-edge technologies in
the field. Hospitals and clinics are easily accessible to patients, even in remote
areas. This accessibility ensures that individuals from diverse backgrounds can
receive timely and appropriate BPH treatment.
Based on region, North America segment is expected to
grow during the forecast period. Health insurance coverage and
reimbursement policies in North America often provide substantial support for
BPH treatment. This financial support eases the burden on patients and
encourages them to seek timely medical intervention, thereby increasing the
demand for treatment equipment. The Asia Pacific region is experiencing rapid market
growth. Healthcare awareness and education campaigns in Asia
Pacific have raised awareness about BPH and its treatment options. Men are
increasingly informed about the importance of regular check-ups and early
intervention, which has driven the demand for BPH treatment equipment.
Major companies operating in Global Benign
Prostatic Hyperplasia (BPH) Treatment Equipment Market are:
- Urologix, LLC
- Olympus Corporation
- Boston Scientific Corporation
- Teleflex Incorporated
- Zenflow Inc.
- Sonablate Corporation
- Richard Wolf Gmbh
- Karl Storz SE
- Terumo Medical Corporation
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“The global BPH treatment equipment market is poised
for significant expansion in the coming years, driven by a combination of
demographic, technological, and healthcare infrastructure factors. As the aging
population continues to grow, technological advancements improve treatment
options, and awareness increases, the demand for BPH treatment equipment is
expected to surge. Furthermore, favorable reimbursement policies, healthcare
infrastructure development, and strategic collaborations are contributing to
the market's sustained growth.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Benign Prostatic Hyperplasia (BPH) Treatment
Equipment Market By Type
(Laser-based Equipment, Microwave-based Equipment, Radiofrequency-based
Equipment, Other), By End user (Hospitals & Clinics, Ambulatory Care
Centers, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Benign Prostatic Hyperplasia (BPH)
Treatment Equipment Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Benign
Prostatic Hyperplasia (BPH) Treatment Equipment Market.
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