Benign Prostatic Hyperplasia Treatment Market

Increasing prevalence of benign prostatic hyperplasia is driving the market growth

Men frequently experience symptoms in the lower urinary tract due to benign prostatic hyperplasia, a non-cancerous development of prostate tissue. BPH is regarded as a typical aspect of male aging and is hormonally reliant on the generation of testosterone and dihydrotestosterone (DHT). By the ages of 60 and 85, 50% and 90% of males, respectively, show histopathologic benign prostatic hyperplasia. It is estimated that 14 million men in the US and 30 million men worldwide experience the symptoms of benign prostatic hyperplasia. 

BPH was diagnosed in over 7,600,000 persons in 2010, and grew by 1.2 million in 2017 according to data from the Health Insurance Review and Assessment (HIRA) agency in 2018. This reflects a total increase of 58% from 2010 and an annual growth of roughly 7%.

According to the WHO, there may be 100 million Chinese citizens who are 80 years of age or older by 2050. According to NHS data, there were five million men in the U.K. in 2019. By the end of 2050, there should be approximately nine million men living there.

The rise in benign prostatic hyperplasia prevalence and the expanding worldwide male geriatric population are both important factors driving the growth of the BPH treatments market. In addition, increased sympathetic nerve activity, altered endocrine status, a heightened inflammatory response, and oxidative stress all have a role in the development of BPH in obese individuals. The body's hormonal fluctuations also lead to BPH by causing prostate enlargement. 

As a result, this fuels the market for treatments for benign prostatic hyperplasia. Increased government and non-profit initiatives, as well as key players in the Benign Prostatic Hyperplasia Therapeutics market, to raise awareness for various urological disorders, including benign prostatic hyperplasia, also play a critical role in doing so and thereby support market growth.

The expiration of the patency of significant branded products has sparked the development of numerous generic medications, collaboration among the key players for the development of new BPH therapeutics for better drug efficacy and safe therapy for already existing medications, as well as upcoming new molecular entities. These developments have further fueled the market's expansion. A significant increase in healthcare spending around the world has further stimulated the market. 

Population growth, particularly among the elderly, and greater use of medical services are the main causes of the rise in healthcare costs. However, it is anticipated that a higher adoption rate of minimally invasive surgical therapies than of BPH therapeutics will restrain market expansion. Thus, driving the Benign Prostatic Hyperplasia Treatment market revenue.

The Global Benign Prostatic Hyperplasia Treatment Market Industry is poised for substantial growth, with projections indicating a market value of 12.4 USD Billion in 2024 and an anticipated increase to 22.4 USD Billion by 2035. This growth trajectory suggests a robust compound annual growth rate (CAGR) of 5.5% from 2025 to 2035. Such figures reflect the increasing demand for effective treatment options, driven by factors such as the rising prevalence of BPH, advancements in treatment modalities, and growing awareness among the population. These projections underscore the market's potential and the necessity for continued innovation in BPH therapies.

The global increase in the geriatric population is a crucial factor propelling the Global Benign Prostatic Hyperplasia Treatment Market Industry. As life expectancy rises, a larger segment of the population is entering the age bracket most susceptible to BPH. This demographic trend is particularly pronounced in developed regions, where healthcare access and longevity are improving. Consequently, the demand for effective BPH treatments is likely to surge, as older adults often seek medical intervention for managing their symptoms. This trend is expected to contribute significantly to the market's growth trajectory in the coming years.

Heightened awareness regarding benign prostatic hyperplasia and its associated symptoms is fostering growth in the Global Benign Prostatic Hyperplasia Treatment Market Industry. Educational campaigns and initiatives by healthcare organizations are encouraging men to seek early diagnosis and treatment, thereby reducing the stigma associated with prostate health. This proactive approach is leading to increased screening rates, which in turn drives demand for various treatment options. As awareness continues to rise, it is anticipated that the market will expand, with projections indicating a market value of 22.4 USD Billion by 2035, underscoring the importance of early intervention.

Technological advancements in treatment modalities for benign prostatic hyperplasia are significantly influencing the Global Benign Prostatic Hyperplasia Treatment Market Industry. Innovations such as minimally invasive surgical techniques and novel pharmacological agents are enhancing patient outcomes and satisfaction. For instance, the introduction of laser therapies and prostatic artery embolization has revolutionized the management of BPH, offering alternatives to traditional surgical approaches. These advancements not only improve efficacy but also reduce recovery times, thereby attracting more patients to seek treatment. The market is expected to grow at a CAGR of 5.5% from 2025 to 2035, driven by these ongoing innovations.

Supportive regulatory frameworks and favorable reimbursement policies are enhancing the landscape of the Global Benign Prostatic Hyperplasia Treatment Market Industry. Governments and health authorities are increasingly recognizing the need for effective BPH treatments, leading to the establishment of guidelines that facilitate patient access to necessary therapies. Additionally, favorable reimbursement policies are encouraging healthcare providers to offer a wider range of treatment options, thus promoting market growth. As these supportive measures continue to evolve, they are likely to create a more conducive environment for the development and adoption of innovative BPH treatments.

The increasing incidence of benign prostatic hyperplasia (BPH) among the aging male population is a primary driver of the Global Benign Prostatic Hyperplasia Treatment Market Industry. As men age, the likelihood of developing BPH escalates, with studies indicating that approximately 50% of men aged 50 and older experience some degree of BPH. This demographic shift contributes to a growing demand for effective treatment options, thereby propelling market growth. The Global Benign Prostatic Hyperplasia Treatment Market is projected to reach 12.4 USD Billion in 2024, reflecting the urgent need for innovative therapies to address this prevalent condition.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Benign Prostatic Hyperplasia Treatment Market dominated this market in 2022 (45.80%). This is due to the high prevalence of BPH and other lower urinary tract symptoms that go along with it. For instance, according to information from the National Institute of Health, the prevalence of benign prostatic hyperplasia can reach 50% to 60% in guys in their 60s and rise to 80% to 90% in those over 70. 

Further, the U.S. market of Benign Prostatic Hyperplasia Treatment held the largest market share, and the Canada market of Benign Prostatic Hyperplasia Treatment was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil. 

Figure 2: BENIGN PROSTATIC HYPERPLASIA TREATMENT MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe Benign Prostatic Hyperplasia Treatment market accounted for the healthy market share in 2022. This is due to an increase in BPH prevalence, unhealthy lifestyles that cause obesity, the presence of important actors, and rising healthcare costs in the area. Further, the German market of Benign Prostatic Hyperplasia Treatment held the largest market share, and the U.K market of Benign Prostatic Hyperplasia Treatment was the fastest growing market in the European region

The Asia Pacific Benign Prostatic Hyperplasia Treatment market is expected to register significant growth from 2023 to 2032. This is brought on by an increase in the region's elderly population, R&D activity, urological disease outbreaks, unmet medical needs, and investments in the healthcare industry. 

Moreover, China’s market of Benign Prostatic Hyperplasia Treatment held the largest market share, and the Indian market of Benign Prostatic Hyperplasia Treatment was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the market of Benign Prostatic Hyperplasia Treatment, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Benign Prostatic Hyperplasia Treatment Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Benign Prostatic Hyperplasia Treatment Industry to benefit clients and increase the market sector. In recent years, the Benign Prostatic Hyperplasia Treatment Industry has offered some of the most significant advantages to medicine. 

Major players in the market of Benign Prostatic Hyperplasia Treatment, including Abbott Laboratories, AbbVie (Allergan Plc), Astellas Pharma Inc., Boehringer Ingelheim Pharma GmbH & Co. KG, Eli Lilly and Company, GlaxoSmithKline plc., Merck & Co., Inc. (Merck Sharp & Dohme Corp), Pfizer Inc., Sanofi, and Teva Pharmaceutical Industries Limited, are attempting to increase market demand by investing in research and development operations.

Pharmaceuticals of all kinds are discovered, developed, produced, and sold by Astellas Pharma Inc (Astellas). Marketed treatments for the treatment of a variety of urological disorders, infectious diseases, cancer, nephrology, and metabolic diseases, immunodeficiency diseases, and transplantation are included in the company's product portfolio. Its pipeline includes drug candidates for the treatment of various diseases, including acute myeloid leukemia (AML), urothelial cancer, gastric cancer, gastroesophageal junction cancer, anemia linked to chronic kidney disease (CKD) in dialysis patients, rheumatoid arthritis, and non-dialysis patients. 

With the help of a network of subsidiaries and affiliates, it conducts business in the Americas, Australia, Europe, Asia, and Oceania. Tokyo, Japan serves as the headquarters of Astellas. In June 2022, Xyphos Biosciences, Inc., a fully owned subsidiary of Astellas, and GO therapies, Inc., announced that they had entered into a strategic research collaboration and license agreement to develop new immuno-oncology therapies.

GSK plc (GSK) is a healthcare organization with a focus on the development, production, and marketing of generic medications, speciality medications, and vaccines. It provides medications to treat conditions like HIV, respiratory, cancer, immuno-inflammation, antiviral, central nervous system (CNS), metabolic, cardiovascular, and urogenital, antibacterial, dermatological, and uncommon disorders. 

The business also sells over-the-counter (OTC) items for gastrointestinal disorders, nutrition, skin health, and pain treatment. Hepatitis, diphtheria, tetanus, whooping cough, rotavirus and HPV infections, measles, and bacterial meningitis are just a few of the diseases that are covered by GSK's vaccine portfolio. The business offers its goods through wholesalers, pharmacies, hospitals, doctors' offices, and other organizations all around the world. The UK's Brentford, in Middlesex, serves as the home base for GSK. A combination between GlaxoSmithKline (GSK) and Pfizer Inc. was announced for July 2020.