Global Drugs For Benign Prostatic Hypertrophy Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

21 Oct, 2021

The drugs for benign prostatic hypertrophy market consists of sales of benign prostatic hypertrophy drugs to treat enlarged prostate glands. Benign Prostatic Hypertrophy is commonly seen in men older than age 50.

Global Drugs For Benign Prostatic Hypertrophy Market Size And Drivers:

The global drugs for benign prostatic hypertrophy market is expected to grow from $4.15 billion in 2020 to $4.79 billion in 2021 at a compound annual growth rate (CAGR) of 15.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $6.30 billion in 2025 at a CAGR of 7.1%. The rising male geriatric population globally is driving the market for benign prostatic hypertrophy drugs as the condition is commonly seen in men aged over 50 years.

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Trends In The Global Drugs For Benign Prostatic Hypertrophy Market

Increasing adoption of minimally invasive surgeries due to advancements in technology is restraining the growth of benign prostatic hyperplasia drugs market. Minimally invasive surgeries cause less pain and are generally conducted on an outpatient basis. This eliminates the need to consume benign prostatic hyperplasia drugs, acting as a restraint on the market. Some of the minimally invasive surgeries used to treat benign prostatic hyperplasia include laparoscopic prostatectomy, transurethral microwave thermotherapy (TUMT) and transurethral needle ablation (TUNA).

Global Drugs For Benign Prostatic Hypertrophy Market Segments:
The global drugs for benign prostatic hypertrophy market is further segmented –
By Type: Alpha Blocker, 5-alpha Reductase Inhibitor, Phosphodiesterase-5 Inhibitor, Others
By End User: Hospital Pharmacies, Retail Pharmacies, Others
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
By Geography: The global drugs for benign prostatic hypertrophy market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Drugs For Benign Prostatic Hypertrophy Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides drugs for benign prostatic hypertrophy market overviews, analyzes and forecasts market size and growth for the global drugs for benign prostatic hypertrophy market, drugs for benign prostatic hypertrophy market share, drugs for benign prostatic hypertrophy market players, drugs for benign prostatic hypertrophy market segments and geographies, drugs for benign prostatic hypertrophy market’s leading competitors’ revenues, profiles and market shares. The drugs for benign prostatic hypertrophy market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.