The “Global Prostate Cancer Therapeutics Market” report offers comprehensive insights into factors affecting demand, growth, opportunities, challenges, and limitations. It covers global and regional industry dynamics, including research & development, new product launches, and responses from leading players in both global and local markets. The report provides visual representations and regional breakdowns of the Prostate Cancer Therapeutics Market.
Global Prostate Cancer Therapeutics Market is valued approximately at USD 9.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.68% over the forecast period 2020-2027.
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According to data released by the World Cancer Research Fund International, more than 1.1 million cases of prostate cancer have been registered in 2012, accounting for around 8 percent of the total tumor cases. Although the exact cause of prostate cancer is not known, the factors associated with it include overweight, obesity, and the history of any other tumor growth. And patients with cardiovascular disease are vulnerable to cancer metastases. As a result, the rising incidence rate of the above-mentioned conditions is driving market growth. The introduction of emerging technologies in screening and diagnostic tests is expected to drive development. The integration of multiparametric MRI (mp-MRI) will greatly enhance tumor detection and also validate the need for tissue biopsy. In addition, market players are investing in research to develop therapeutic drugs for the treatment of such tumors. For example, there is a strong pipeline of products such as Tc-99 m (Progenics), radium-223 dichloride (Xofigo, Bayer), ODM-201 (Orion and Bayer), which are in phase 3 studies and are expected to enter the market in the near future.
In addition, due to the expiry of the patents of the major existing products, many generic products are expected to reach the market during the forecast period. As a result, these factors are expected to drive growth. In addition to screening and diagnostic testing, recognition of the availability of drugs to the public is also of the utmost importance to break down the social stigma associated with tumor therapy and to enable patients to be offered prompt care. Governments in developing countries are making efforts to undertake and introduce programs to raise awareness of screening tests, such as Prostate-specific antigen (PSA) blood tests and Digital Rectal Exam (DRE) for male patients over 50 years of age. Prostate Cancer Canada has been founded to promote research, care and prevention of prostate cancer. Such awareness campaigns are also being introduced in developing countries such as China, India and Brazil.
The regional analysis of global Prostate Cancer Therapeutics Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is expected to dominate the market share over the forecast period (2020-2027). Rising prevalence and high mortality rates of prostate cancer in the U.S. are the primary reasons for North America ‘s market supremacy. In addition, this region is experiencing a high level of investment in R&D to develop newer immunotherapy and targeted drug therapies to treat these tumors.
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Major market player included in this report are:
Bayer AG
Johnson & Johnson
Ipsen Group
Amgen, Inc.
Endo Pharmaceuticals, Inc.
AbbVie, Inc.
Pfizer, Inc.
AstraZeneca
Sanofi
Sanpower Group
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Therapy:
Hormone Therapy
Targeted Therapy
Chemotherapy
Biologic Therapy
By Distribution Channel:
Hospital Pharmacies
Online Sales
Retail Pharmacies
Others
By Region:
North America: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
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Report Overview:
This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the Prostate Cancer Therapeutics market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.
Market Dynamics:
Encompassing a global perspective, this study presents insights into the influential entities within the worldwide Prostate Cancer Therapeutics market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global Prostate Cancer Therapeutics market.
Marketing Insights:
The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global Prostate Cancer Therapeutics market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global Prostate Cancer Therapeutics market. It encapsulates indispensable insights extracted from the Prostate Cancer Therapeutics Market domain, facilitating informed decision-making processes.
This report covers several key questions related to the global Prostate Cancer Therapeutics market, including:
- What can be expected for the Prostate Cancer Therapeutics market in the next decade?
- What are the primary drivers of growth in the global Prostate Cancer Therapeutics market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Prostate Cancer Therapeutics market vary based on the size of the end market?
- What is the breakdown of Prostate Cancer Therapeutics by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Prostate Cancer Therapeutics market?
Our most recent research report showcases the thriving expansion of the global Prostate Cancer Therapeutics Market and offers in-depth insights into the projected market size, share, and revenue until 2031.
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