Benign Prostatic Hyperplasia Therapeutics Market Size to Reach USD 12.9 Billion by 2032 growing at 5.1% CAGR - Exclusive Report by Acumen Research and Consulting

Author: Acumen Research and Consulting

According to Acumen Research & Consulting, the global Benign Prostatic Hyperplasia Therapeutics Market was valued USD 7.9 Billion in 2022 and is estimated to be worth USD 12.9 Billion by 2032, rising at a CAGR of 5.1% over the forecast period

In recent years, there has been an increase in the demand for benign prostatic hyperplasia (BPH) therapeutics. BPH is a widespread disorder that mostly affects ageing males, and the prevalence of BPH is growing as the world population ages. This has increased the demand for treatment approaches that can successfully control symptoms and enhance quality of life in people with BPH.

One of the primary elements boosting demand is individuals' rising knowledge of BPH and its influence on their health and well-being. People are more likely to seek medical care and treatment choices when they become more aware of the symptoms and effects of BPH. This greater awareness has contributed greatly to the demand for BPH treatments.

BPH symptoms, such as frequent urination, poor urine flow, and nocturia, can have a major influence on an individual's quality of life. Demand for effective treatments is driven by the need for symptom alleviation and the capacity to live a normal and comfortable life. People are increasingly looking for therapy solutions that can relieve their symptoms and enhance their overall well-being.

Benign Prostatic Hyperplasia Therapeutics Market Statistics

Benign Prostatic Hyperplasia Therapeutics Market Statistics

  • With a 5.1% CAGR (2023-2032), the worldwide benign prostatic hyperplasia therapeutics market revenue is estimated to reach USD 7.9 billion in 2022
  • North America represented over 39% of the benign prostatic hyperplasia therapeutics market share in 2022
  • The Asia-Pacific benign prostatic hyperplasia therapeutics market growth is expected to rise at a CAGR of more than 6% between 2023 and 2032
  • The alpha blockers therapeutic class covered over 50% share of raw material in 2022
  • Based on therapies, the combination drug therapy occupied US$ 4.6 billion in 2022
  • Expansion of minimally invasive procedures and devices is the new benign prostatic hyperplasia therapeutics market trend

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Benign Prostatic Hyperplasia Therapeutics Market Dynamics

Increasing Prevalence of BPH among Aging Male Population Fuels the Benign Prostatic Hyperplasia Therapeutics Market Value

The rising prevalence of benign prostatic hyperplasia (BPH) in the ageing male population is a major driver of BPH treatment demand. BPH is a widespread disorder that mostly affects older men, and the number of people with BPH is increasing as the world population ages. Because of this demographic transition, there is a greater demand for therapies that may successfully control BPH symptoms and enhance quality of life for those who are affected.

The chance of having BPH increases as men age. According to studies, a considerable number of men over the age of 50, and virtually all men over the age of 80, have some degree of prostate enlargement caused by BPH. The ageing population, particularly in industrialised nations, contributes to the rising prevalence of BPH and, as a result, increases demand for treatments.

Urinary symptoms associated with BPH include frequent urination, urgency, poor urine flow, and incomplete bladder emptying. These symptoms can have a substantial influence on a person's quality of life, causing discomfort, disrupting everyday activities, and decreasing general well-being. As a result, people suffering with BPH look for effective treatment alternatives to reduce their symptoms and enhance their quality of life.

The rising frequency of BPH in the ageing male population emphasizes the need of healthcare practitioners addressing this problem. As more people are diagnosed with BPH, there is a rising need for healthcare services such as diagnosis, treatment, and long-term management. This need extends to BPH therapies, where consumers and healthcare professionals are looking for safe and effective treatment alternatives to meet the unique demands of BPH patients.

Development of Novel and Targeted BPH Medications Will Generate Surplus Benign Prostatic Hyperplasia Therapeutics DPA Market Opportunities

In the realm of BPH treatments, the discovery of innovative and targeted drugs for Benign Prostatic Hyperplasia (BPH) has been a major emphasis. These drugs are intended to give more effective and specialized therapies for BPH, targeting the condition's underlying causes and increasing symptom alleviation.

Exploration of novel pharmacological targets and pathways implicated in BPH pathogenesis is one field of research. Researchers are looking at chemicals and receptors involved in prostate development, inflammation, and smooth muscle contraction, among other things. Novel drugs that target these specific pathways can provide more tailored and perhaps more effective therapeutic benefits.

Aside from finding novel targets, drug research efforts are also focused on improving the effectiveness and safety of established treatment classes. For example, work is being done to create next-generation alpha blockers with higher selectivity and fewer adverse effects. These drugs are designed to provide symptom alleviation while minimising side effects such as orthostatic hypotension.

The discovery of combination medicines with unique mechanisms of action is another field of innovation. Combining multiple classes of drugs or combining a medication with additional treatment techniques, such as minimally invasive procedures or innovative drug delivery systems, falls under this category. The objective is to produce synergistic effects and improve treatment results for BPH patients.

Furthermore, the use of tailored drug delivery systems is being investigated in order to improve the efficacy of BPH treatments. These methods attempt to deliver drugs directly to the prostate, perhaps enhancing treatment success while minimizing adverse effects and lowering systemic exposure. Various techniques, such as nanoparticles, microspheres, and intraprostatic implants, are being studied for their capacity to accurately deliver drugs to prostate tissue.

Benign Prostatic Hyperplasia Therapeutics Market Segmentation

  • The global market has been categorized into therapeutics class, therapy and regions
  • The raw material segment is split into alpha blockers, 5-alpha reductase inhibitors, phosphodiesterase-5 inhibitors, and others
  • Therapeutics class segment includes mono drug therapy and combination drug therapy
  • The market is divided into five regions that are North America, Europe, Latin America, Asia-Pacific, and The Middle East and Africa (MEA)

Benign Prostatic Hyperplasia Therapeutics Market Share

The alpha blockers sub-segment will have the biggest market share between 2023 and 2032, according to the benign prostatic hyperplasia therapies industry forecast.

The combination medication therapy application sub-segment accounted for a large market share in 2022 and is expected to do so in the years ahead, according to the benign prostatic hyperplasia therapeutics industry analysis.

Benign Prostatic Hyperplasia Therapeutics Market Regional Outlook

The United States, in particular, has a well-established healthcare system with modern medical infrastructure. Because of an ageing population, the region has a high prevalence of BPH. The availability of a wide variety of treatment choices, robust research and development efforts, and favourable reimbursement policies drive the BPH therapeutics market in North America.

The Asia Pacific region's BPH therapies market is rapidly expanding. A high ageing population, rising healthcare expenditures, and improved healthcare infrastructure all contribute to the market's growth. Because of their vast populations, countries such as China, Japan, and India are important contributors to the regional market. The Asia-Pacific market is distinguished by a mix of generic pharmaceuticals, novel treatment alternatives, and a rising interest in less invasive treatments.

Benign Prostatic Hyperplasia Therapeutics Market Players

Some prominent benign prostatic hyperplasia therapeutics companies covered in the industry include Abbott Laboratories, Abbott Laboratories, Astellas Pharma Inc., AbbVie (Allergan Plc), Boehringer Ingelheim Pharma GmbH & Co. KG, GlaxoSmithKline plc., Eli Lilly and Company, Merck & Co., Inc. (Merck Sharp & Dohme Corp), Sanofi, Pfizer Inc., and Teva Pharmaceutical Industries Limited.

Benign Prostatic Hyperplasia Therapeutics Business Strategies

  • In May 2022, Abbott revealed good findings from a Phase 3 clinical study of delafloxacin, an experimental medication, for the treatment of community-acquired bacterial pneumonia (CABP). The study found that delafloxacin was not inferior to moxifloxacin, a routinely used antibiotic, in treating CABP patients.
  • In October 2021, AbbVie gained FDA clearance for Relugolix, an oral drug used in conjunction with estradiol and norethindrone acetate to treat excessive menstrual bleeding caused by uterine fibroids. This clearance opened up a new non-surgical therapy option for patients suffering from uterine fibroids and excessive monthly bleeding.

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