The latest Laser BPH Devices Market research report offers a thorough analysis of growth opportunities and development trends until 2030. Using qualitative and quantitative research, it explores market drivers and challenges, providing valuable insights for businesses to make informed decisions and identify growth areas.
Global Laser BPH Devices Market is valued at approximately USD 460.3 million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.2% over the forecast period 2022-2029.
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Laser BPH Devices refer to medical devices used for treatment of Benign prostatic hyperplasia (BPH). Benign prostatic hyperplasia (BPH), also called enlargement of the prostate gland is a common health problem that affects elder adults. Its symptoms include blocking urine flow from the bladder because of an enlarged prostate gland. It also results in issues with the kidneys, bladder, as well as urinary system. Although the intensity of symptoms varies among those with enlarged prostate glands, and largely get worse over time. The increasing incidence of benign prostatic hyperplasia (BPH) and growing geriatric population are key factors driving the market growth.
The rising number of geriatric individuals is contributing towards the growth of the Global Laser BPH Devices market, as aging individuals are at high risk of developing benign prostatic hyperplasia (BPH). For instance – according to the World Bank Group, the world’s old population was 727 million in 2020, and it is predicted to treble over the next three decades, reaching 1.5 billion in 2050. Furthermore, as per World Economic Forum (WEF) estimates – as of 2019, in Japan around one-third population is over 65, and around 2.3 billion people are in their 70s. Also, rising preference towards minimally invasive procedures and growing healthcare infrastructure in developing regions would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Laser BPH Devices stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Laser BPH Devices Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading market players as well as rise in the number of individuals suffering from benign prostatic hyperplasia. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising geriatric and target populations, and growing healthcare infrastructure in the region.
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Major market players included in this report are:
Boston Scientific Corporation
OmniGuide
Metrum Cryoflex
Richard Wolf GmbH
Coloplast
Biolitec AG
Agiliti Health, Inc.
HealthTronics, Inc.
Endo Pharmaceuticals Inc.
Teleflex Incorporated
Recent Developments in the Market:
In July 2020, Lumenis Ltd., one of the leading medical device companies for aesthetic, surgical and ophthalmic applications, launched its new MOSES 2.0, platform for urology care. This new platform demonstrates up to 85% greater stone ablation in lithotripsy procedures and same-day discharge, and also offers catheter-free procedures for BPH.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Type
Holmium laser
Thulium laser
Green light laser
Others
By Procedure
Photoselective Vaporisation of the Prostate
Holmium laser ablation of the prostate
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By End User
Hospitals
Clinics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Some Questions Answered in the Laser BPH Devices Market Report:
- What is the projected size of the global Laser BPH Devices market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the global Laser BPH Devices industry?
- What are the major market trends that are affecting the expansion of the Laser BPH Devices market?
- What obstacles must be overcome in order to achieve sustained growth in the Laser BPH Devices market?
- What opportunities and threats do vendors in the global Laser BPH Devices market face?
- What are the raw materials and manufacturing equipment used in the production of Laser BPH Devices, and what is the manufacturing process?
- What are the different types and applications of Laser BPH Devices, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Laser BPH Devices market?
- What factors are driving the growth of the Laser BPH Devices market in the top regions worldwide?
- Who are the major players in the global Laser BPH Devices market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Laser BPH Devices market?
- What are the main findings of a five forces analysis of the global Laser BPH Devices market?
Here are the key highlights of the report:
- Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
- In-depth analysis of the competitive landscape, identifying key trends within the industry.
- Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER’s five forces.
- Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
- Guidance provided for new market entrants, assisting them in navigating the industry landscape.
- Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
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