26.12.2019 Медицина и фармацевтика

Benign Prostatic Hyperplasia (BPH) Procedures industry Growth Opportunities – Global Market Demand Analysis

The worldwide benign prostatic hyperplasia (BPH)market stood at 671,307 procedures performed in 2016, and it is projected to display a CAGR of 2.3% during the forecast period (2017–2023). The market is being driven by the increasing awareness about BPH owing to its rising prevalence, surging geriatric population, and popularity of minimally invasive surgeries. The enlargement of the prostate gland is termed as benign prostatic hyperplasia, which is an age-related condition, where men in the age group of 50–80 are affected.

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Another factor influencing the growth of the BPH procedures market is the rising awareness about BPH and related disorders. In North America, National Prostate Health Month is observed in September every year for creating awareness about prostate gland-related diseases and disorders. Many pharmaceutical companies are also initiating campaigns for educating the masses about diseases and their possible cures. For instance, to spread awareness about BPH symptoms and treatments, GlaxoSmithKline PLC launched a campaign, #SeatsupforSanta, in December 2016.

Therefore, the market for BPH procedures is slated to advance in the forecast period owing to the rising geriatric population that is resulting in increasing cases of prostate-related ailments, thereby driving the demand for BPH procedures.
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