The global benign prostatic hyperplasia therapeutics market is
expected to witness significant growth, as increased number of effective
treatments are available for cancer. Increasing awareness regarding various
cancer treatment drugs, technological advancements, and growing demand for safe
and effective medications are acting as the major growth drivers for the benign
prostatic hyperplasia therapeutics market. Globally, regulatory bodies are
adding to the growth of the market with provision of funding, grants and
designations. Thus, these regulatory bodies are amplifying the drug development
process.
Benign prostatic hyperplasia is also known as benign
prostatic obstruction or benign prostatic hypertrophy, is a disease state in
men, caused by prostate gland enlargement. Prostate develops in dual phase in
entire life – the first phase occurs in initial phase of puberty, followed by
the second phase that usually begins at the age of twenty-four and remains for
most of a person’s life. Benign prostatic hyperplasia is a common problem in
men aged above 50 years, and it occurs in the second phase of growth of
prostate. However, the disease can also arise in men aged below 40 years, with
the probabilities of its occurrence increasing with age.
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Aging population is the major factor on which the
benign prostatic hyperplasia therapeutics market is mostly dependent. Asia-Pacific
and European markets for benign prostatic hyperplasia therapeutics are likely
to observe significant growth rates, during the forecast period, due to
increase in aging population in these regions. The Latin American and North
American markets for benign prostatic hyperplasia therapeutics are also
projected to observe strong growth rates, during the forecast period.
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Some of the key players operating in the global
benign prostatic hyperplasia therapeutics market include Sandoz, Inc., Sanofi
Aventis, Labopharm, Inc., Pfizer, Inc., and Teva Pharmaceuticals, Inc.
