Global Prostate Laser Surgery Market By Type (Photoselective Vaporization of the Prostate (PVP), Holmium Laser Ablation of the Prostate (HoLAP), Holmium Laser Enucleation of the Prostate (HoLEP)), End User (Hospitals, Specially Clinics, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Prostate Laser Surgery Market
Global prostate laser surgery market is set to witness a substantial CAGR of 7.42% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to increasing demand for benign prostatic hyperplasia (BPH) treatment.
Market Definition: Global Prostate Laser Surgery Market
Prostate laser surgery is used in treatment of urinary symptoms caused by a prostate gland enlargement known as benign prostatic hyperplasia (BPH). Chance of BPH increase as men gets older. Benign prostatic hyperplasia (BPH) can cause painful urinary indications such as blockage in the urine bladder out flow, bladder and urinary tract or kidney problems. Surgeons insert a scope into the tube that carries urine from bladder and focuses scope to deliver laser energy to shrink or removes excess tissue which is preventing urine flow. The demand for prostate laser surgery has widely increased as the surgery helps surgeons to reduce risk of bleeding and provide quicker recovery after procedures. Demand for prostate laser surgery is furthered expected to increase with increasing number of benign prostatic hyperplasia cases and increasing demand for minimally invasive surgeries.
- Increase in geriatric population is expected to drive the growth of the market
- Increasing prevalence of benign prostatic hyperplasia is also driving this market growth
- Increasing technological advancement acts as a market driver
- Increasing preference for minimally invasive surgeries is expected to enhance growth of the market
- High cost of treatment is expected to restrain the market growth
- Prostate laser surgery is associated with risks such as Dry orgasm, Temporary difficulty in urinating, urinary tract infection can hinder the market growth
- Availability of other alternative treatments for benign prostatic hyperplasia is expected to restrict the market growth in the forecast period
Segmentation: Global Prostate Laser Surgery Market
- Photoselective Vaporization of the Prostate (PVP)
- Holmium Laser Ablation of the Prostate (HoLAP)
- Holmium Laser Enucleation of the Prostate (HoLEP)
By End User
- Specially Clinics
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
Key Developments in the Market:
- In OCTOBER 2018, Boston Scientific Corporation has Acquired Augmenix Inc. which is a manufacturer of SpaceOAR Hydrogel System developer which is used to reduce debilitating and common and side effects which men might experience post radiotherapy to treat prostate cancer. The acquisition will help company to increase its urology and pelvic health product portfolio
- In December 2018, Medifocus, Inc. has received FDA Post Market Approval (PMA) supplement approval for the Prolieve Thermodilatation Device after new labeling based on successful completion of FDA post approval study (PAS). The approval will help company to increase its revenue generation as Prolieve is the only FDA approved and patented thermodilatation device available in the market
Global prostate laser surgery market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of prostate laser surgery market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in global prostate laser surgery market are Olympus Europa SE & Co. KG, Limmer Laser GmbH, Urologix, LLC, Boston Scientific Corporation, Unique Medical Devices, Asclepion Laser Technologies GmbH, KARL STORZ SE & Co. KG, Richard Wolf GmbH, CoreTherm Medical Inc., Lumenis, Medifocus, Inc. among others.
Research Methodology: Global Prostate Laser Surgery Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global prostate laser surgery market outlook in the developed and emerging markets.
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)