Latin America Prostate Cancer Market Size, Trends, Analysis, Review and Forecast 2016-2021

The Latin America Prostate Cancer Market was worth $5.28 billion in 2016 and estimated to be growing at a CAGR of 10.32%, to reach $8.63 billion by 2021.

Prostate cancer is one of the serious health issues among men that has large socioeconomic impact on the society. There has been much growth in the prostate cancer therapeutics market over the past decade, with a number of products targeting advanced forms of the disease and showing greatly increased efficacy over their antecedents.

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The Asia-Pacific prostate cancer market is poised to increase at a major pace, due to high unmet clinical need, partial survival benefits, increasing prevalence rates and fast emerging treatment modifications. The market growth would turn around the novel breakthrough treatments accountable for reaping survival benefits. The survival benefit would be instrumental in leading the peak sales and market penetration of novel approved drugs. Clinical trial challenges are obstructing the growth of the market.

The Latin America Prostate Cancer market is segmented on the basis of diagnostic techniques into Digital Rectal Exam (DRE) and Prostate Specific Antigen Test (PSA). Based on surgery the market is segregated into Radical Prostatectomy, Orchidectomy and Trans Urethral Resection (TUR). By radiation therapy, the market is bifurcated into External Beam Radiation Therapy and Brachytherapy. External bean radiation therapy segment is further divided among 3D Conformal Radiation Therapy, Intensity Modulated Radiation Therapy, Stereotactic Body Radiation Therapy and Proton Beam Radiation Therapy. Brachytherapy segment is sub segmented into Permanent Brachytherapy and Temporary Brachytherapy. On the basis of chemotherapy, segments are Docetaxel, Etoposide, Vinblastine, Carboplatin and Vinorelbine.

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Based on geography the market is analysed under various regions namely, Mexico, Brazil and Argentina. Mexico is leading the market and likely to grow at highest CAGR.

Major companies include Sanofi S.A, GlaxoSmithKline, AstraZeneca, AbbVie, Varian Medical Systems, Elekta, Theragenics, Pfizer, Novartis, Roche, Bayer, Johnson & Johnson, Abbott Laboratories, and Genentech etc. The market registered substantial growth in the recent years, due to the various strategies such as opting for agreements and collaborations, adopted by leading market players.

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