Prostate Health Market - Trends Forecast Till 2028

Market Overview

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.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Due to the unfavourable policies and regulations the market has witnessed a sharp decline.

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.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Eli Lilly and Company
• Pfizer Inc.
• Merck & Co., Inc.
• GlaxoSmithKline plc.
• Abbott
• Astellas Pharma Inc.
• Abbvie
• Johnson & Johnson Services, Inc.

Recent Developments

• 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.

Reasons to Acquire

• 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
• Gain authentic and granular data access for Prostate Health market so as to understand the trends and the factors involved behind changing market situations
• 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

Report Scope