The global demand for Prostatic Artery Embolization Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Prostatic artery embolization (PAE) is a minimally invasive treatment that assists improve lower urinary tract signs caused by benign prostatic hyperplasia (BPH). Prostatic disorders are amongst the most critical issue surrounding men's health. Benign prostatic hyperplasia causes a noncancerous enlargement of the prostate gland. Prostatic artery embolization is performed through a small puncture in the groin. A catheter is introduced through the artery and directed toward the prostate. The catheter is positioned in the artery to supply blood to the prostate. Later, tiny particles are injected that plug up the artery and block blood flow.
Market Dynamics
Expanding geriatric population, rising prevalence of benign prostatic hyperplasia, and growing preference for minimally invasive treatments drive the growth of the global prostatic artery embolization market. Benign prostatic hyperplasia is a common condition in the aging population that results in bothersome symptoms and decreased quality of life. Benign prostatic hyperplasia affects over 50% of men by the age of 60 years and up to 80% of men older than 70 years, and its burden is increasing as the population ages. As per United Nations, Department of Economic and Social Affairs, Population Division, there were 703 million individuals aged 65 years or over in 2019. The number of older persons is projected to double to 1.5 billion in 2050. Increasing awareness about improved diagnostics and treatment procedures and growing medical advances amplifies the growth of the global prostatic artery embolization market. However, PAE-treated patients may experience nausea, pelvic pain, and frequent urination, which is likely to refrain them from opting for this treatment.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of prostatic artery embolization. The growth and trends of prostatic artery embolization industry provide a holistic approach to this study.
Market Segmentation
This section of the prostatic artery embolization market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Guidewires
- Microcatheter
- Microspheres
- Others
By End User
- Hospitals
- Ambulatory Surgical Centers
- Clinics
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Prostatic Artery Embolization market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Prostatic Artery Embolization Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the prostatic artery embolization market include Merit Medical Systems, Boston Scientific, Mentice, Siemens Healthcare, Terumo Europe NV, General Electric Company, Tampa General Hospital, UNC Health Care, Henry Ford, and Spire Healthcare. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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