Press release
Benign Prostatic Hyperplasia (BPH) Market to Reach USD 18.4 Billion by 2034
Benign Prostatic Hyperplasia
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The BPH market is undergoing a shift toward less invasive procedures, improved drug formulations, and precision diagnostics, making it an attractive and evolving segment within the urology and men's health industry.
Market Overview
The global BPH market was valued at USD 10.6 billion in 2024 and is projected to reach USD 18.4 billion by 2034, expanding at a CAGR of 5.8%.
Key Market Highlights
• Aging population significantly increasing disease incidence.
• Growing preference for minimally invasive surgical techniques over traditional open surgery.
• Availability of effective pharmacological therapies such as alpha-blockers, 5-alpha-reductase inhibitors, and combination drugs.
Challenges
• Side effects associated with long-term drug use.
• Limited awareness in low-income regions.
• Reimbursement barriers in certain healthcare systems.
Segmentation Analysis
By Treatment Type
• Pharmacological Therapies
o Alpha-Blockers
o 5-Alpha-Reductase Inhibitors
o Combination Therapy
• Minimally Invasive Surgical Therapies (MIST)
o Transurethral Microwave Thermotherapy (TUMT)
o Transurethral Needle Ablation (TUNA)
o Prostatic Urethral Lift (PUL)
o Rezūm Water Vapor Therapy
• Surgical Procedures
o Transurethral Resection of the Prostate (TURP)
o Open Prostatectomy
o Laser Therapies (HoLEP, GreenLight)
By End-User
• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics
Summary:
Pharmacological treatments remain first-line therapy, but minimally invasive surgical approaches are experiencing rapid adoption due to quicker recovery times and reduced complications.
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Regional Analysis
North America
• Largest share due to high diagnosis rates, advanced treatment infrastructure, and strong insurance coverage for BPH procedures.
• Widespread adoption of laser and PUL procedures.
Europe
• Germany, France, and the UK lead in MIST adoption.
• Increasing government support for early diagnosis programs.
Asia-Pacific
• Fastest-growing market due to large aging male population, rising awareness, and growing access to urology care in China, India, and Japan.
• Expanding use of affordable generic drugs.
Latin America
• Brazil and Mexico driving regional growth with improved healthcare spending and physician training programs.
Middle East & Africa
• Growth in urban centers with rising adoption of imported medical devices; rural access remains limited.
Summary:
While North America and Europe dominate in adoption, Asia-Pacific presents the greatest growth opportunity through population demographics and healthcare modernization.
Market Dynamics
Key Growth Drivers
• Rising prevalence of BPH due to aging populations.
• Expanding use of minimally invasive surgical techniques.
• Technological advancements in laser and imaging systems.
• Growing availability of combination drug therapies.
Key Challenges
• Drug side effects and patient adherence issues.
• Limited access to advanced devices in developing countries.
• Regulatory approval delays for innovative devices.
Latest Trends
• Integration of imaging guidance in BPH surgeries.
• AI-based symptom assessment and treatment planning.
• Outpatient-based procedures gaining traction.
• Development of novel drug delivery systems to reduce side effects.
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Competitive Landscape
Major Players
• Boston Scientific Corporation
• Teleflex Incorporated
• Olympus Corporation
• Lumenis Ltd.
• Richard Wolf GmbH
• Karl Storz SE & Co. KG
• GlaxoSmithKline plc (GSK)
• Sanofi S.A.
• Abbott Laboratories
• Eli Lilly and Company
Competitive Strategies
• Mergers and acquisitions to expand device portfolios.
• Launch of next-generation laser platforms and water vapor therapies.
• Partnerships with hospitals for physician training in MIST techniques.
Conclusion
The BPH market is positioned for robust growth as medical technology, surgical innovation, and patient-centric care converge. The transition toward less invasive, highly effective treatments will define the market's trajectory, offering both clinical and economic benefits.
Key Takeaways:
• Pharmacological therapies dominate early-stage treatment, but MIST is rapidly expanding.
• North America remains the largest market, while Asia-Pacific is the fastest-growing.
• Technological innovation and accessibility will be key drivers of market expansion.
This report is also available in the following languages : Japanese (良性前立腺肥大症市場), Korean (양성 전립선 비대증 시장), Chinese (良性前列腺增生市场), French (Marché de l'hyperplasie bénigne de la prostate), German (Markt für benigne Prostatahyperplasie), and Italian (Mercato dell'iperplasia prostatica benigna), etc.
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