Kenya Prostate Cancer Drug Market 2023 : Projected to Deliver Greater Revenues during the Forecast Period 2028

The Kenya Prostate Cancer Drug 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 Kenya Prostate Cancer Drug market. This report explores all the key factors affecting the growth of the global Kenya Prostate Cancer Drug market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Overview

The Prostate cancer drugs market size in Kenya stood at USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period

In Kenya, Prostate Cancer is the most common cancer among males with an Age-Standardized Incidence Rate (ASR) of 40.6 per 100,000). Prostate cancer is mostly asymptomatic in the early stages. In 80% of the cases, it is diagnosed after progression to an advanced stage with more aggressive tumours, when the prognosis is poor. According to GLOBOCAN 2020, the number of new cases reported were 3,412 which accounted for 21.9% of all cancer cases among men. Prostate cancer contributes remarkably to the mortality in Africa and is anticipated to continue increasing as a result of urbanization and growth in the population.

Market Drivers

The market is majorly driven by rise in the prevalence of prostate cancer among men in Kenya. Screening remains the key strategy for the reduction of mortality through early detection of prostate cancer among men considered at risk.

An increase in the investment in research for the development of therapeutic products to treat prostate tumours is expected to propel the market growth.

According to the Kenya Demographic Health Survey, the screening rate for prostate cancer is 3%, 4.3% and 2.6% among men aged 1549years, 4044years and 4549years, respectively.

However, despite high mortality occurring in developing countries like Kenya due to prostate cancer, the screening rates are still very low. This has been associated with various barriers including low knowledge, awareness level and negative beliefs. This contributes to restraining growth in the prostate cancer drug market.

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Market Segmentation

By Therapy Type:

Kenya prostate cancer drug market has been segmented based on the therapy type. It comprises of biological therapy, chemotherapy, hormone therapy and others.

Hormonal therapy, also called as Androgen Deprivation Therapy (ADT), aims to reduce levels of the male hormone, called androgens that stimulate the growth of cancer. The hormonal therapy includes Luteinizing Hormone-Releasing Hormone (LHRH) agonist, LHRH antagonist, and anti-androgen drugs. Hormone therapy segment dominates the market share and is projected to grow tremendously as it is considered gold standard treatment for prostate cancer.

By Distribution Channel:

On the basis of distribution channel, the market for prostate cancer drugs can be segmented into hospital pharmacies, retail pharmacies, and online pharmacies. The hospital segment is expected to dominate the market throughout the forecast period. As screening remains a much- debated issue in Kenya, prostate cancer is diagnosed at advanced stages of cancer leading to increased hospital admissions and death.

Major Players

The prostate cancer drug market is fragmented in terms of number of players. Key players operating in the market are Johnson & Johnson, Pfizer, Inc., AstraZeneca, Bayer AG, F. Hoffmann La-Roche and Sanofi.

Pfizer, Inc. was the second-largest shareholder and Johnson & Johnson accounted for the third-largest share of the prostate cancer therapeutics market in 2018. Zytiga, manufactured by Janssen Biotech, Inc. (subsidiary of Johnson & Johnson Limited) is the major brand sold for the treatment of prostate cancer.

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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 Kenya Prostate Cancer Drug 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 Kenya Prostate Cancer Drug Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Kenya Prostate Cancer Drug market
Chapter 2: Exclusive Summary - the basic information of the Kenya Prostate Cancer Drug Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Kenya Prostate Cancer Drug
Chapter 4: Presenting the Kenya Prostate Cancer Drug 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 Kenya Prostate Cancer Drug 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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In conclusion, the Kenya Prostate Cancer Drug Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and PESTLE analysis is also incorporated in the report.

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