Positive Impact Of COVID 19 On Benign Prostatic Hyperplasia Therapeutics Market

According to a new report titled Allied Market Research (Author Prostate Hyperplasia Therapeutics Market, Therapeutics Class and Therapy: Global Opportunity Analysis and Industry Forecast, 2018-2025), this market was valued at $166 million in 2017 and was in 2025 It reached $ 20,097 million, an average annual growth of 8.1% from 2018 to 2025.

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Benign prostatic hyperplasia (BPH) is a medical condition in which the size of the male prostate is abnormally increased. This condition increases urination problems, weak urine flow, inability to empty the bladder, and usually increases urine frequency at night. BPH treatments are drugs that fall into three different classes: alpha blockers, 5-alpha reductase inhibitors, and phosphodiesterase-5 inhibitors. The drug relieves BHP symptoms by relaxing soft bladder muscles or reducing abnormal prostate growth. When the bladder muscles relax, the prostate grip of the urethra will loosen, allowing urine to flow more freely. On the other hand, shrinking the size of the prostate reduces the pressure exerted by the prostate on the urethra, resulting in free flow of urine.

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Increased prevalence of prostatic hyperplasia, an increase in the elderly population worldwide, and awareness of urology and prostate cancer worldwide are driving the growth of the market for benign prostatic hyperplasia worldwide. However, the higher the adoption rate of minimally invasive surgical therapies instead of BPH treatments, the more likely it is to hinder market growth. Conversely, the high market potential and the presence of multiple pipeline products in the emerging economies are expected to provide many opportunities during the forecast period.

The utilization rate of alpha blockers is high because of the high availability of these products with high success rates and low side effects. However, the 5-alpha reductase inhibitor segment is expected to grow at high CAGR during the forecast period.

The single drug therapy segment is the largest segment of the market for benign prostatic hyperplasia worldwide, expanding to moderate CAGR during the forecast period. Meanwhile, the combination drug therapy sector is expected to record high CAGR during the forecast period.

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The main results of the market for the treatment of benign prostatic hyperplasia:
• The Phosphodiesterase-5 inhibitor segment occupied nearly a sixth of the world's market for benign prostatic hyperplasia in 2017.
• The single drug therapy segment is expected to grow at an average annual rate of 7.6% from 2018 to 2025.
• Europe accounted for about one third of the world market in 2017.
• LAMEA offers profitable market growth opportunities and is expected to grow at an annual average of 9.6% from 2018 to 2025.

North America has been a major source of revenue for the market for benign prostatic hyperplasia worldwide in 2017 and is expected to dominate the market during the forecast period. This is due to the early approval of BPH drugs and the high adoption of drugs in this area. However, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period due to improved economics, a surge in healthcare spending, and increased awareness of safe BPH drugs.

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