(MENAFN- Alliance News) Report Ocean introduces a fresh report examining the Laser BPH Devices Market , encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the markets future trajectory.
Obtain a comprehensive report on the Laser BPH Devices Market, which includes a full table of contents, over 200 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
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. 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.
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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 worlds 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.
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
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
Reasons to Consider Purchasing the Laser BPH Devices Market Report: Comprehensive Market Insights : Delve into the depths of the Laser BPH Devices Market Report to gain an all-encompassing and meticulous analysis of the market landscape. Uncover details such as market size, share, trends, and growth catalysts, which provide invaluable perspectives on both the present market scenario and its promising future prospects.
Reliable Projections : Rely on the reports dependable forecasts and projections, which are underpinned by rigorous research methodologies, insights into industry expenditures, and assessments of market expansion rates. These foresights empower businesses to make well-informed decisions and chart out effective strategies for the times ahead.
In-depth Competition Analysis : Equip yourself with an extensive evaluation of key market players, their array of products, and the strategies they employ. This comprehensive understanding arms businesses with the knowledge needed to not only comprehend their rivals but also to craft strategies that position them ahead in the dynamic market arena.
Clear Market Scope and Segmentation : Gain clarity on the broad expanse of the market through the reports clear delineation of market scope. With detailed insights into diverse market segments and their growth potential, businesses can discern and capitalize on opportunities that align with their objectives.
Insightful Regional Examination : Assess the markets performance across different regions, enabling enterprises to pinpoint lucrative markets and tailor their approaches accordingly. With region-specific insights, businesses can adapt strategies that resonate with the unique dynamics of each area.
Evaluation of Industry Technology : Grasp the pulse of technological progress within the Laser BPH Devices market. The report dissects cutting-edge advancements and trends, providing businesses with a window into emerging technologies that have the potential to reshape the industry.
Dynamics of Supply and Demand : Acquire a profound comprehension of supply-demand dynamics. This understanding empowers businesses to optimize production, distribution, and inventory management processes, resulting in enhanced operational efficiency.
Informed Investment Decision Making : Leverage the reports critical information and data-driven insights to facilitate informed investment choices within the Laser BPH Devices market. Equipped with this knowledge, businesses can confidently allocate resources to avenues with the greatest potential for returns.
Unveiling Long-Term Growth Avenues : Through the scrutiny of trends and growth stimulants, the report illuminates the enduring opportunities the Laser BPH Devices market holds. By identifying these sustainable growth prospects, businesses are poised to set a course for lasting success.
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