Canadian Prostate Cancer Drugs Market Evolution Segmentation and Insight of Trends 2023 to 2028 with Top Countries Data

Report Overview

The Canadian Prostate Cancer drugs market size stood at around USD 110 million in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Prostate cancer is the most common type of cancer in Canadian men, followed by colorectal, lung, and bladder cancers. It is 3rd leading cause of death from cancer in men in Canada. Recent analyses from the Canadian Cancer Society suggest that 1 in 7 men will be diagnosed with prostate cancer in their lifetime and that 1 in 29 will die from the disease. Prostate cancer develops when abnormal cells in the prostate gland are forming a malignant tumor in an uncontrolled way. In 2020, an estimated 23,300 new cases of prostate cancer were diagnosed in Canada.Early (localized) prostate cancer refers to cancer cells that have grown but do not appear to have spread beyond the prostate.

Market Drivers

The rise in prevalence of Prostate Cancer, growing awareness about various types of Cancers, Advancements in the Healthcare Field are major market drivers for the Prostate cancer drugs market in Canada, it is the most common cancer diagnosed in men in Canada and the 3rd most common cause of cancer death in men. On average, 64 Canadian men will be diagnosed with prostate cancer, and 11 Canadian men will die from prostate cancer every day. The prostate cancer market has a high demand for novel drugs that concentrate on unmet needs, such as improved survival time, less toxicity, better progression-free survival, improved effectiveness, and lesser cost. Altering lifestyle, technological advancements in researching for new techniques to fight prostate cancer, increase in the funding in both the public and private sectors in the field of drug advancement are some of the key reasons driving the growth of the Canadian prostate cancer market.

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Major Players

Canada presents lucrative opportunities for the key players operating in the prostate cancer treatment market, owing to growth in awareness about prostate cancer treatment and the rise in adoption of prostate cancer treatment products. Moreover, improvement in healthcare infrastructure, rise in the number of hospitals equipped with advanced medical facilities, developing R&D sector, rise in healthcare reforms, and technological advancements in the field of healthcare further contribute to the market growth.

Recently, Health Canada has approved AstraZeneca's and Merck's jointly developed Lynparza (olaparib) for the treatment of men with a specific form of mutated metastatic castration-resistant prostate cancer. In 2019, the Janssen Pharmaceutical Companies of Johnson & Johnson announced that Health Canada, following a Priority Review, has approved ERLEADA® (apalutamide) for the treatment of patients with metastatic castration-sensitive prostate cancer.

Key players profiled in this report include Sanofi, AstraZeneca plc, Bayer AG, Roche AG, GlaxoSmithKline Plc, Ipsen Pharma, Johnson & Johnson, etc.

The Canadian Prostate Cancer Drugs Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Canadian Prostate Cancer Drugs market. This report explores all the key factors affecting the growth of the global Canadian Prostate Cancer Drugs market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Market Segmentation

By Drug Type:

Based on drug type, the market is categorized into chemotherapy, biological therapy, and hormone therapy. Presently hormone therapy dominates the prostate cancer treatment market and is anticipated to continue this trend throughout the forecast period. The key factors that drive the market growth include an increase in the prevalence of prostate cancer, surge in demand for hormone therapy drugs, availability of generic drugs, rise in geriatric population, increase in the number of pharmaceutical companies, and rise in public awareness toward prostate cancer treatment.

By Distribution:

Based on the distribution channel, the market is divided into hospital pharmacies, drug stores & retail pharmacies, and online pharmacies. Currently, the hospital pharmacies segment accounted for the majority of prostate cancer treatment market share, owing to the strong presence of hospital pharmacies, increase in the number of hospitalized prostate cancer patients, and convenience offered by hospital pharmacies. Online pharmacies are the fastest-growing segment during the forecast period, owing to a rise in awareness regarding online pharmacies, an increase in the number of internet users, and a surge in preference for online purchasing of drugs over the traditional methods.

Major Players

Canada presents lucrative opportunities for the key players operating in the prostate cancer treatment market, owing to growth in awareness about prostate cancer treatment and the rise in adoption of prostate cancer treatment products. Moreover, improvement in healthcare infrastructure, rise in the number of hospitals equipped with advanced medical facilities, developing R&D sector, rise in healthcare reforms, and technological advancements in the field of healthcare further contribute to the market growth.

Recently, Health Canada has approved AstraZeneca's and Merck's jointly developed Lynparza (olaparib) for the treatment of men with a specific form of mutated metastatic castration-resistant prostate cancer. In 2019, the Janssen Pharmaceutical Companies of Johnson & Johnson announced that Health Canada, following a Priority Review, has approved ERLEADA® (apalutamide) for the treatment of patients with metastatic castration-sensitive prostate cancer.

Key players profiled in this report include Sanofi, AstraZeneca plc, Bayer AG, Roche AG, GlaxoSmithKline Plc, Ipsen Pharma, Johnson & Johnson, etc.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Canadian Prostate Cancer Drugs Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global Canadian Prostate Cancer Drugs Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Canadian Prostate Cancer Drugs market
Chapter 2: Exclusive Summary - the basic information of the Canadian Prostate Cancer Drugs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Canadian Prostate Cancer Drugs
Chapter 4: Presenting the Canadian Prostate Cancer Drugs Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Canadian Prostate Cancer Drugs market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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