Laser BPH Devices Market Expected To Reach $765.4 Million By 2031 | CAGR Of 5.2%

Laser BPH devices industry size

Laser bph devices market report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics.

PORTLAND, OREGON, UNITED STATES, December 11, 2023 /EINPresswire / -- Laser BPH devices market was valued at $460.25 million in 2021, and is estimated to reach $765.4 million by 2031, growing at a CAGR of 5.2% from 2022 to 2031. Prostate enlargement, commonly known as benign prostatic hyperplasia (BPH), is a noncancerous expansion of the prostate gland. Frequent urination, difficulty starting to urinate, a weak stream, the inability to urinate, or a loss of bladder control are examples of symptoms. Urinary tract infections, bladder stones, and ongoing renal issues are examples of complications. Laser devices such as holmium laser, thulium laser, green light laser, and others such as diode laser, Nd:YAG laser, KTP/Nd: YAG laser are used to treat benign prostatic hyperplasia.

List of Key Players :
HealthTronics, Inc., Metrum Cryoflex, Coloplast, Teleflex Incorporated, Boston Scientific Corporation, Biolitec AG, OmniGuide, Agiliti Health, Inc., Richard Wolf GmbH, Endo Pharmaceuticals Inc.

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Based on type, the market is segmented into holmium laser, thulium laser, green light laser, and others. The holmium laser segment dominated the market in 2021 and is expected to continue this trend during the forecast period, owing to rise in number of product launch and products approvals for holmium laser and increase in number of companies who manufactures laser BPH devices.

Based on procedure, the market is bifurcated into photoselective vaporization of the Prostate (PVP) and holmium laser ablation of the prostate (HoLAP). The holmium laser ablation of the prostate (HoLAP) segment dominated the market in 2021 and is expected to continue this trend during the forecast period, owing to increase in the prevalence of benign prostate hyperplasia and rise in number of geriatric populations.

Based on end user, the market is divided into hospitals, clinics, and others. The hospitals segment dominated the market in 2021 and is expected to continue this trend during the forecast period, owing to rise in expenditure by government to develop healthcare infrastructure and increase in number of hospitals and clinics.

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North America accounted for most of the global laser BPH devices market share in 2021 and is anticipated to remain dominant during the forecast period. This is attributed to rise in the number of product launch and product approval, increase in the number of laser BPH devices industry, and developed healthcare infrastructure. Asia-Pacific is anticipated to witness lucrative growth during the forecast period, owing to rise in expenditure by government organization to develop the healthcare sector and increase in awareness regarding benign prostate hyperplasia.

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