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Elderly Men Creating Huge Requirement for BPH Treatment Drugs and Devices
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In recent years, BPH drug and device manufacturers, such as Boston Scientific Corporation, Advin Urology, NeoTract Inc., Lumenis Ltd., Convergent Laser Technologies, Medtronic plc, Karl Storz GmbH & Co. KG, NxThera Inc., Olympus Corporation, Urologix LLC, and Richard Wolf GmbH, have been emphasizing on product launches to reach out to a greater number of customers. For example, Olympus Corporation received the de Novo classification for iTind, in April 2020. iTind is a non-surgical device designed for minimally invasive BPH treatment procedures.
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According to P&S Intelligence, North America was the largest consumer of BPH treatment drugs and devices in 2020, globally. This is due to the booming geriatric population, which is highly prone to BPH and other diseases related to the lower urinary tract. Moreover, the increasing number of innovations in BPH devices and mounting awareness about urinary tract diseases will also fuel the adoption of BPH treatment solutions in the coming years. Additionally, the high reimbursement coverage being offered by BPH devices producing companies will also augment the usage of these devices in the region in the foreseeable future.
Therefore, the booming geriatric population and the rising cases of BPH will create a huge requirement for BPH treatment drugs and devices in the upcoming years.
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