
Published On: Oct 2022
Published On: Oct 2022
At 7.4% CAGR, the Europe Benign Prostatic Hyperplasic Devices Market is projected to be worth US$ 994.84 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe benign prostatic hyperplasic devices market was valued at US$ 648.39 million in 2022 and is expected to reach US$ 994.84 million by 2028, registering an annual growth rate of 7.4% from 2022 to 2028. Widening product approvals and launches and growing investments, funds, and grants for research in BPH treatment.
The benign prostatic hyperplasic devices market includes many small and big companies. Market players are adopting various strategies to increase their market shares; these include new product launches, regional expansion, and technological advancements. With continued innovation, benign prostatic hyperplasic devices are becoming safer, and treatments are becoming easier and more effective than ever. This is driving the acceptance of benign prostatic hyperplasic devices across the region. A few of the recent developments in the benign prostatic hyperplasic devices market are: In April 2020, Olympus announced the approval of iTind, its nonsurgical medical device, for the minimally invasive surgery of BPH. This is a temporarily urethral opening device that has been given a De Novo classification by the FDA and is a Class II medical device. The active participation of market players in product innovation and development, and an increase in the approvals of products are likely to fuel the growth of the benign prostatic hyperplasic devices market during the forecast period.
On the contrary, restricted awareness about prostate health among men.
Key players dominating the Europe benign prostatic hyperplasic devices market are KARL STORZ SE & Co. KG; Olympus Corporation; Boston Scientific Corporation; Teleflex Incorporated; and Richard Wolf GmbH among others.
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