BPH Laser Therapy Devices Market Size, Share, Growth, Trends, and Global Industry Analysis: By Laser Source (Nd YAG, Holmium YAG, Others), By End User (Hospitals, Clinics, Ambulatory Surgical Centers) and by Region  

BPH Laser Therapy Devices Market size was valued at US$ 568.3 million in 2023 and is expected to grow at a CAGR of 6.3% from 2024 to 2030. BPH Laser Therapy Devices are defined as lasers used to melt away (vaporize) excess prostate tissue and enlarge the urinary channel. This process is generally utilized to treat prostates that are mild to moderately enlarged. Holmium laser ablation of the prostate(HoLAP). The factors driving the BPH Laser therapy devices market have been stimulated several aspects like increasing patient awareness of available treatment options, rising prevalence of urological disorders and technological advancements in the healthcare infrastructures, Moreover, rising demand for innovative minimally and non-invasive technologies like laser (HoLEP and ThuLEP) and Aquablation treatments produces fewer adverse effects on top of faster recovery periods than open surgical procedures, which in turn is expected to bolster the demand for the growth of the BPH laser therapy devices.

Consequently, the market for the devices utilized to treat BPH is escalating further at an augmented rate owing to the increasing elderly population. For instance, according to the report of the WHO (World Health Organization), about 80% of the aging population by 2050 will reside in nations with low or middle income. The probability of being diagnosed with BPH increases with age, which is a major factor. Consequently, the BPH laser therapy devices market, as per the study is anticipated to have a hotheaded rise in the forecast period as the geriatric population rises.

Moreover, the collaboration between the hospitals and market players is anticipated to drive the market in the future years. However, the challenges of the BPH laser therapy devices market are the high cost of laser treatment devices, limited awareness and patient education, reimbursement challenges, bleeding, urethral orifice injury, bladder neck injury, rectal injury, TURP syndrome, urethral stricture disease, refractory OAB symptoms remain substantial barriers that hamper the growth of the BPH laser therapy devices market in the forecast period. However, the key opportunities associated with the BPH laser therapy devices market are technological advancement, minimally invasive techniques, aging population, market expansion in emerging economies, and geographical expansion by the market players generates lucrative opportunities for the BPH Laser therapy devices market in the forecast period.

BPH Laser Therapy Devices Market Key Developments:

• In January 2021, Cook Medical launched Litho EVO holmium laser designed for laparoscopic and endoscopic surgical practices for lithotripsy and soft tissue processes in urology, gastroenterology, and general surgery.