US Benign Prostatic Hyperplasia Procedures Share, Growing Demand

1. Aging Population Driving U.S. Benign Prostatic Hyperplasia Procedures Market Growth 1 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

2. This growth is driven by the rising incidence of BPH and technological enhancements in diagnostic and therapeutic procedures. The disease, wherein the prostate gland becomes enlarged, is common among aging men. The prostate gland surrounds the urethra, and as the prostate enlarges, it can partly block or squeeze the urethra, thus causing trouble while urinating. Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/us-bph- procedures/report-sample Thus, a key factor propelling the market growth is the booming aging population in the country. Men aged 50 years and above are more susceptible to the disease and, therefore, opt for various BPH treatment procedures. As per the U.S Department of Health and Human Services, the population of people aged 60 and above in the nation rose from 50.7 million to 68.7 million during 2006– 2016. Moreover, the favorable reimbursement scenario for BPH procedures is expected to generate lucrative market opportunities in the coming years. Apart from this, continuous research and development (R&D) activities have led to the production of technologically improved BPH therapies and devices, which is eventually boosting the U.S. benign prostatic hyperplasia procedures market growth. Some of the recently launched the targeted sterile water vapor therapy (Rezum) and prostatic urethral lift (UroLift system). Rezum is a minimally invasive procedure that utilizes steam for the treatment of BPH. Both therapies can be performed in an outpatient facility or clinic, thus reducing the cost incurred due to hospital surgeries and stay. The type segment of the U.S. benign prostatic hyperplasia procedures market is classified into laser-based procedure, surgical procedure, UroLift, and other energy-based procedure. Amongst these, the laser-based procedure category accounted for the largest market share in 2016, as these procedures are more effective than other procedures and less likely to cause complications. The UroLift category will exhibit the fastest growth throughout the forecast period, on account of the low cost of the procedure, booming geriatric population, and expanding insurance coverage for the procedure by numerous insurers. Key players in the U.S. benign prostatic hyperplasia procedures market are launching advanced BHP treatment devices and gaining private and public insurance coverage for a competitive edge. For example, NeoTract Inc., in May 2017, announced that its patent UroLift system is insured by Cigna Insurance Services Co. Other key players offering devices for BPH procedures in the country include Boston Scientific Corporation, Convergent Laser Technologies, NxThera Inc., and Urologix LLC. These companies are also focusing on acquiring other players to provide 2 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

3. innovative equipment for BPH treatment procedures and, in turn, widen their customer base in the U.S. For example, in September 2017, Teleflex Incorporated announced its acquisition agreement with NeoTract Inc. to leverage the potential long-term advantages from the second-generation UroLift system of NeoTract Inc. The widening product portfolio of these companies is, therefore, facilitating the U.S. benign prostatic hyperplasia procedures market growth. Thus, the growing population of the elderly and surging availability of advanced BPH treatment products in the U.S. is expected to fuel the market growth in the coming years. The research offers historical numbers of the BPH proceduresfor the period 2013 – 2016 and procedures forecast for the period 2017 – 2023. U.S. BPH PROCEDURES, BY TYPE Laser based procedure • oGreen light lasers oHolmium lasers oThulium lasers oOthers Surgical procedure • oTransurethral resection of the prostate (TURP) oTransurethral incision of the prostate (TUIP) UroLift Other energy based procedure Transurethral microwave thermotherapy (TUMT) Transurethral needle ablation (TUNA) Rezūm High-intensity focused thermotherapy • • o o o ultrasound (HIFU) and water-induced o 3 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

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