Prostate Cancer Medicine Market Projected to Gain Significant Value by 2023

Prostate cancer is the development of cancer in the prostate, a gland in the male reproductive system. This cancer develops slowly, with no early detectable symptoms for many years. The precise cause of prostate cancer is unknown; however, factors such as obesity, high calcium diet, lack of exercise, ethnicity (African American men), and old age contribute to its occurrence.

Increase in geriatric population globally and rise in the prevalence of prostate cancer due to hectic lifestyle, ethnicity, unhealthy diet, and lack of awareness are expected to fuel the market growth. According to the National Cancer Institute, in the U.S., prostate cancer is estimated to cause about 26,730 deaths in 2017.

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In addition, R&D activities in the field of prostate cancer drugs and emerging economies in developing countries are expected to present new opportunities during the forecast period. However, stringent government regulations, the high cost of prostate cancer medicines and low awareness of prostate cancer restrict the growth.

The prostate cancer medicine market is segmented on the basis of drug type and geography. Based on the drug type, it is divided into hormonal therapy drugs, chemotherapy drugs, immunotherapy drugs, and target therapy drugs. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Major Players :

•AstraZeneca Plc
•Active Biotech
•Bristol Myers-Squibb
•Teva Pharmaceuticals Industries Ltd.
•Johnson & Johnson
•Pfizer Inc.
•Bayer AG
•Abbott Laboratories
•Astellas Pharma Inc.
•Roche Holding AG

Key Benefits:

• The study provides an in-depth analysis of the global prostate cancer medicine market, with current trends and future estimations to elucidate the investment pockets.

• Comprehensive analysis of factors that drive and restrict the growth of the market is provided.

• The report presents a quantitative analysis to help the stakeholders to capitalize on prevailing market opportunities.

• Extensive analysis of different segments facilitates to understand various products of the market.

• Key players are profiled and their strategies are analyzed thoroughly to predict the competitive outlook of the market.

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