The latest research study “Prostate Cancer Treatment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global prostate cancer treatment market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.
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Global Prostate Cancer Treatment Overview:
Prostate cancer treatment represents medical therapies and medications that are used to treat severe malignant tumors caused by the uncontrollable division and expansion of several abnormal cells in the prostate gland present in men. They consist of chemotherapy, biological therapy, hormone therapy, immunotherapy, cryotherapy, surgery, radiation therapy, etc. These prostate cancer treatment procedures are provided to the patients based on their age, types of symptoms, previous health history, etc. They aid in destroying cancer cells and reduce the severity of the diseases. Consequently, prostate cancer treatment methods and items are extensively utilized in hospitals and other healthcare establishments across the globe.
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2022
Historical Period: 2017-2022
Forecast Period: 2023-2028
Prostate Cancer Treatment Market Trends and Drivers:
The elevating prevalence of prostate cancer, especially amongst the growing geriatric population, is primarily driving the prostate cancer treatment market. In addition to this, the increasing availability of favorable medical reimbursement plans and the launch of numerous policies by government bodies across countries aimed at introducing patient assistance programs (PAPs) are acting as significant growth-inducing factors.
Furthermore, the expanding technological advancements, such as the integration of multiparametric-magnetic resonance imaging (mp-MRI) devices with metastatic hormone nave (mHNPC) and non-metastatic castration-resistant (nmCRPC) settings to detect prostate cancer at early stages and mitigate diagnostic errors, is also positively influencing the global market.
Besides this, the rising research and development (R&D) activities related to genomics and proteomics and the introduction of strong pipeline drugs are further stimulating the market growth. Moreover, the escalating availability of therapeutic products online and the development of novel cytotoxic medicines and anti-prostate-specific membrane antigen therapies are expected to propel the prostate cancer treatment market over the forecasted period.
Global Prostate Cancer Treatment Market 2023-2028 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Prostate Cancer Treatment Companies:
Astellas Pharma Inc., AstraZeneca plc, Bayer Aktiengesellschaft, Dendreon Pharmaceuticals LLC. (Sanpower Group Co. Ltd.), F. Hoffmann-La Roche AG, Ferring B.V., GlaxoSmithKline Plc, Ipsen (Mayroy SA), Novartis International AG, Takeda Pharmaceutical Company Ltd. and Tolmar Pharmaceuticals Inc.
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The report has segmented the market on the basis of drug type and distribution channel.
Breakup by Drug Type:
- Biological Therapy
- Hormone Therapy
Breakup by Distribution Channel:
- Hospitals Pharmacies
- Drug Stores and Retail Pharmacies
- Online Pharmacies
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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