Global Prostatic Artery Embolization Market Overview:
Prostatic Artery embolization (PAE) is arising as a viable insignificantly obtrusive treatment for lower urinary tract symptoms due to benevolent prostatic hyperplasia. Benevolent prostatic hyperplasia influences over half of the men by the age of 60 years and up to 80% of men more established than 70 years, and its commonness is expanding as the population ages. Lower urinary tract side effects are related to diminished personal life. PAE is a negligibly obtrusive treatment that is safe and viable. PAE is in fact requesting, and fruitful results require gritty information on the kind of prostatic hyperplasia sickness measure, patient assessment, and the pelvic arterial vessel systems. Therefore, Prostatic artery embolization is performed through a small puncture in the groin in which a catheter is inserted through the artery and directed toward the prostate and once the catheter is situated in the vein providing blood to the prostate, little particles have infused that stop up the course, hindering bloodstream.
Growth Drivers
- Increase awareness about prostate hyperplasia
- Growing medical advancements in urology-related procedures
Roadblocks
- Post PAE syndrome is a side effect associated with prostatic arterial embolization
- High Cost is associated with prostatic artery embolization
Opportunities
- Formulation of standard rules and regulations by regulatory bodies across the nations
- Make continuous research and development to reduce side effects after prostatic artery embolization
Challenges
- Development of research and development infrastructure in emerging countries
- Cost-effective treatment of prostatic artery embolization
Competitive Landscape:
This industry is fragmented by market-leading players, and those are strongly focusing on developing new methodologies by collaborating with the other company and try to get excellence. With the increase in market opportunities, the organizations are making mergers and acquisitions and availing competitive advantages.
Some of the key players profiled in the report are Merit Medical (United States), Mentice (United States), Boston Scientific (United States), Siemens Healthcare (Germany), UNC Health Care (United States), Tampa General Hospital (United States), Henry Ford Health System (United States) and Spire Healthcare (United Kingdom). Analyst at AMA Research see United States Players to retain maximum share of Global Prostatic Artery Embolization market by 2026.
Latest Market Insights:
On 21 Jan 2021, Boston Scientific announced that it has entered into a definitive agreement to acquire Preventice Solutions, Inc., a privately-held company that offers a full portfolio of mobile cardiac health solutions and services, ranging from ambulatory cardiac monitors – including short and long-term Holter monitors – to cardiac event monitors and mobile cardiac telemetry.
The food and Drug Administration (FDA) is the regulatory authority in the United States is involved in the formulation of different rules and regulations with respect to the utilization of Prostatic Artery Embolization treatment. Also, FDA is the authority that provides guidelines regarding research and development in Prostatic Artery Embolization.
What Can be Explored with the Prostatic Artery Embolization Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Prostatic Artery Embolization Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Prostatic Artery Embolization
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Prostatic Artery Embolization market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Prostatic Artery Embolization market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Pharmaceuticals Companies, Government Regulatory Bodies, Private Research Institutions, Industrial Associations and Government Research Institutions.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.