The “Prostate Health Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Prostate Health Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global prostate health market size was US$ 32.83 billion in 2021. The global prostate health market size is forecast to reach US$ 69.70 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.1% during the forecast period from 2022 to 2030.
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Prostate glands are part of the male reproductive system. Three conditions typically affect the prostate: Prostatitis: inflammation of the prostate; Benign Prostatic Hyperplasia (BPH): enlargement of the prostate caused by aging; and Prostate cancer: the growth of cancerous cells inside the prostate that may spread to other parts of the body.
Factors Influencing Market Growth
A major factor driving the global market growth is the rising prevalence of benign prostatic hyperplasia, obesity, funding, and grants allocated to research in BPH treatment, the rising prevalence of prostate cancer, the increasing demand for hormone therapy drugs, and the increasing incidence of prostatitis.
Despite the fact that both drugs and surgery are effective for treating BPH, both have significant side effects, which may slow down global market growth.
There are several factors that are forecast to boost the global prostate health market growth, including a large target patient population, rising health care expenditures, rising awareness, and significant growth in the geriatric population.
Many players are developing innovative treatment devices, creating opportunities for the prostate health market growth over the forecast period.
Impact Analysis of COVID-19
The prostate health market suffered a loss of business. Unfavorable changes in regulations and guidelines slowed this industry’s growth. In addition, several hospitals and cancer treatment centers severely restrict or postpone screenings, diagnostic exams, and surgical procedures. This disrupted the prostate health market. As a result of the factors listed above, hospitals and caregivers experience delays in elective surgeries and screening procedures in order to give preference to the COVID-19 patients. Thus, the COVID-19 pandemic had negatively impacted the global market growth.
Regional Insights
North America accounted for the largest share in 2021. Due to the high prevalence of BPH and treatment innovations, the region is forecast to grow. Additionally, favorable reimbursement rules, a solid healthcare infrastructure, research funding, and product introductions have fueled this market’s growth.
The Asia Pacific region is forecast to record a high CAGR in the global market during the forecast period. The emerging economies (China, India, Brazil, Mexico) will likely offer significant growth prospects for market participants in the following years. Several factors, such as the presence of a well-targeted patient group, high healthcare spending, physician awareness, and substantial increases in the geriatric population, are forecast to drive demand for the prostate health market.
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Leading Competitors
The leading prominent companies profiled in the global prostate health market are:
Abbott Laboratories
Amgen Incorporated
Astellas Pharma Incorporated
AstraZeneca PLC
Bayer AG
Bristol-Myers Squibb Co.
Eli Lilly and Company
Endo Pharmaceuticals Incorporated
Ferring Pharmaceuticals Incorporated
GlaxoSmithKline PLC
Johnson & Johnson, Merck & Co., Incorporated
Pfizer Incorporated
Siemens Healthcare AG
Other Prominent Players
Scope of the Report
The global prostate health market segmentation focuses on Disease Indication, Modality, Treatment, and Region.
Segmentation based on Disease Indication
Prostate Cancer
AR Directed Therapies
Hormone ADT
Cytotoxic Agents
PARP Inhibitors
Others
Benign Prostate Hyperplasia (BPH)
Alpha-Blockers
Alfuzosin
Doxazosin
Tamsulosin
Silodosin
Other Alpha Blockers
5 Alpha Reductase
Finasteride
Dutasteride
Others
Prostatitis
Prescription
Over the counter
Segmentation based on Modality
Diagnosis
Treatment
Segmentation based on Treatment
Surgery
Radiation Therapy
Therapeutics
Hormone Therapy
Chemotherapy
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the key findings of the report?
?This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
?The report offers the current state of the market and future prospects for various geographical regions.
?This report provides both qualitative and quantitative information about the competitive landscape of the market.
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