The surging geriatric population, on account of the rising life expectancy and the falling birth rates, is one of the main factors fueling the growing requirement for benign prostatic hyperplasia (BPH) procedures across the world. As elderly people are highly vulnerable to various diseases and need extensive medical care, on account of their long recovery times and low immunity levels, their increasing population is massively boosting the demand for BPH procedures.
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As per the United Nations Department of Economic and Social Affairs (UNDESA), the number of people in the age group-60 years or above is increasing rapidly. According to the organization’s global aging population reports, the population of the people in the age group-60 years or above will rise by 56.0% or from 901 million in 2015 to 1.4 billion by 2030. Furthermore, this number is predicted to grow to 2.1 billion by 2050.
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The players operating in
the BPH industry are launching many campaigns for raising public awareness
about BPH procedures and various prostate-related diseases. For instance, GlaxoSmithKline
plc started a campaign with the name ‘#SeatsupforSanta’ for spreading awareness
among people about BPH treatments and symptoms. Because of these reasons, the global
benign
prostatic hyperplasia (BPH) procedures market is predicted to register
huge growth in the coming years. Laser-based and surgical procedures are the
main types of BPH procedures performed around the world.
Hence, it is safe to say
that the demand for benign prostatic hyperplasia procedures would surge across
the world in the forthcoming years, mainly because of the rising prevalence of
BPH and the increasing public awareness about these procedures.
