Prostate Health Market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
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The global Prostate Health market size is projected to reach USD 48.6 billion by 2026 at a CAGR of 9.1% from USD 31.9 billion in 2021 during the forecast period 2021-2028.
Prostrate is a gland in the human male reproductive system which is shaped like a walnut. It is located below the bladder and surrounds the urethra. Its basic size increase with increasing age but if the increase is more then it may result in the compression of the urethra leading to the non-passage of the urine.
Increased incidents of prostate cancer along with rising problem of obesity are some of the factors that have supported long-term expansion for Prostate Health Market.
Key Players of Prostate Health Market
· Eli Lilly and Company
· Pfizer Inc.
· Merck & Co., Inc.
· GlaxoSmithKline plc.
· Abbott
· Astellas Pharma Inc.
· Abbvie
· Johnson & Johnson Services, Inc. and More
Regional Analysis
North America is expected to be the largest market of during the forecast period. The increasing population long with the increased incidents o BPH and prostate cancer and the high disposable income and rapid development in healthcare has led to the expansion of market in the region.
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Recent Developments of Prostate Health Market:
In October 2020, Butterfly Medical received a funding of USD 7 million in a Series B round for the development of an anatomically shaped nitinol implant positioned in the prostatic urethra.
In February 2018, Zenflow a Californian start-up announced a USD 31.4-million Series A financing round to continue its minimally invasive approach to treating BPH.
Prostate Health Market is segmented into Disease Indication and geography.
On the basis of disease indication
· Prostate Cancer
· Benign Prostate Hyperplasia
· 5 Alpha Reductase
· Prostatitis
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
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· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Key Features of Global Market Report:
· Analyze competitive developments like expansions, deployments, new product launches, and acquisitions.
· Identify growth opportunities for stakeholders by pinpointing high-growth segments.
· Study global industries status and forecast, focusing on key regions.
· Conduct an in-depth analysis of product segments and applications, offering strategic recommendations for competitive advantage.
· Provide a comprehensive analysis of key regions, including SWOT and Porter's Five Forces analyses.
· Assist in making strategic business decisions and investment plans.
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