The global prostate health market size was USD 32.07 Billion in 2021 and is expected to register a revenue CAGR of 9.1% during the forecast period, according to the latest analysis by Emergen Research. Technological advancements in prostate health treatments and rising investments, funds, and grants for research in BPH treatment are factors projected to support market revenue growth between 2022 and 2030. For example, on 02 July 2019, as a part of the European Innovation Council pilot, ProArc received a USD 2.2 million grant from Horizon 2022 program. This will help in ProArc’s ClearRing BPH implant to be studied scientifically in greater detail and made available for purchase. In addition, rising prevalence of obesity across the globe, changes in endocrine function, oxidative stress, an uptick in inflammatory process, and increase in intra-abdominal pressure promote growth of BPH among men. Moreover, rising expenditures by governments of various countries to improve healthcare infrastructure and rising disposable income are factors driving revenue growth of the market.
However, complications and side effects related to treatments are expected to hamper revenue growth of the market. Prostate cancer and its therapies, such as surgery, radiation, and hormone therapy, can also cause erectile dysfunction. These factors are expected to restrain revenue growth of the market.
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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2022-2030. According to the regional analysis, the market is primarily spread over key geographical regions as follows:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some Key Highlights From the Report
- The AR-directeded therapies segment is expected to register a significant revenue growth rate over the forecast period. This therapy employs medications to pinpoint and target prostate cancer cells while causing minimal harm to healthy cells. This treatment reduces levels of male hormones, in the body, or stops them from fueling prostate cancer cell growth.
- The pharmacy segment accounted for largest revenue share in 2021 owing to offering quick supplies without any delay or wait. Pharmacy stores are convenient and are also ideal options for emergencies, which is expected to drive revenue growth in this segment.
- The North America market accounted for largest revenue share in 2021. This is due to rising prevalence of prostate cancer and benign prostate hyperplasia among men and growing awareness regarding prostate health in countries in the region.
The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.
Prominent Players Analyzed in the Report:
Pfizer Inc., Lilly, Bayer AG, Abbott, GSK plc., Merck KGaA, ProArc, Nucleai, Inc., Sanofi, and AbbVie Inc.
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Furthermore, the report divides the prostate health market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.
Emergen Research has segmented the global prostate health market based on disease indication, treatment, distribution channel:
- Disease Indication Outlook (Revenue, USD Billion; 2019–2030)
- Prostate Cancer
- Prostatitis
- Alpha Blockers
- Benign Prostate Hyperplasia
- Others
- Treatment Outlook (Revenue, USD Billion; 2019–2030)
- Cytotoxic Agents
- Hormone ADT
- AR Directed Therapies
- PARP Inhibitors
- Others
- Distribution Channel Outlook (Revenue, USD Billion; 2019–2030)
- Pharmacy
- E-Commerce Stores
- Others
Additionally, the report also gives an insight into product portfolios, costs, sales, production capacities, and market players. Raw materials, demand analysis, product flow, and distribution channels have been studied and surveyed extensively in this research report. The key growth trends and opportunities are offered through a thorough investigation and examination of the market. A detailed course of development is offered in the report along with insights into businesses connected with it, which include firms, industries, organizations, vendors, and local manufacturers.
Overview of the prostate health Market Report:
- Introduction, Product Scope, Market Overview, and Opportunities
- Analysis of the Manufacturers with sales, revenue, and price analysis
- Comprehensive analysis of the competitive landscape
- Extensive profiling of the key competitors along with their business strategies and market size
- Regional analysis of the market along with sales, revenue, market share, and global position
- Country-wise analysis of the market along with types, applications, and manufacturing
- Strategic recommendations to established players as well as new entrants
- In-depth analysis of the risks, restraints, and limitations in the prostate health industry
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