Prostate Health Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global market.
The global Prostate Health market size is projected to reach USD 48.6 billion by 2026 at a CAGR of 9.1% from USD 31.9 billion in 2021 during the forecast period to 2030.
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Prostrate is a gland in the human male reproductive system which is shaped like a walnut. It is located below the bladder and surrounds the urethra. Its basic size increase with increasing age but if the increase is more then it may result in the compression of the urethra leading to the non-passage of the urine.
Increased incidents of prostate cancer along with rising problem of obesity are some of the factors that have supported long-term expansion for Prostate Health Market.
Regional Analysis
North America is expected to be the largest market of during the forecast period. The increasing population long with the increased incidents o BPH and prostate cancer and the high disposable income and rapid development in healthcare has led to the expansion of market in the region.
Recent Developments of Prostate Health Market:
Butterfly Medical received a funding of USD 7 million in a Series B round for the development of an anatomically shaped nitinol implant positioned in the prostatic urethra.
Zenflow a Californian start-up announced a USD 31.4-million Series A financing round to continue its minimally invasive approach to treating BPH.
Key Players of Prostate Health Market
- Eli Lilly and Company
- Pfizer Inc.
- Merck & Co., Inc.
- GlaxoSmithKline plc.
- Abbott
- Astellas Pharma Inc.
- Abbvie
- Johnson & Johnson Services, Inc. and More
Prostate Health Market is segmented into Disease Indication and geography.
On the basis of disease indication
- Prostate Cancer
- Benign Prostate Hyperplasia
- 5 Alpha Reductase
- Prostatitis
On the basis of Region
- Asia Pacific
- North America
- Europe
- South America
- Middle East & Africa
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