Press release
Prostate Cancer Treatment Market Is Projected To Reach $9,904 Million By 2026, Registering A CAGR Of 4.6% From 2019 To 2026
The global prostate cancer treatment market size was valued at $6,887 million in 2018, and is projected to reach $9,904 million by 2026, registering a CAGR of 4.6% from 2019 to 2026.Prostate Cancer Treatment market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlight on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which gives brief strategy of market growth during the forecast period. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments.
Men's prostate glands contain a variety of aberrant cells that can divide and grow out of control, leading to prostate cancer, a type of severe malignant tumour. It can be treated using a variety of therapies, including medicines, vaccinations, and treatments. Chemotherapy, immunotherapy, cryotherapy, surgery, hormonal, targeted, and radiation therapy are a few of the most popular forms of treatment that help slow the spread of cancer cells in the body. These treatments are given to the patient based on a variety of evaluations, including the patient's age, the intensity of the symptoms they are experiencing, their current health status, and their medical history.
Market Overview:
A malignant tumour of the prostate gland, which is a gland in the male reproductive system that surrounds the urethra and secretes a fluid that functions in part as semen, is known as prostate cancer. The seminal vesicles and associated lymph nodes are among the surrounding tissue that the prostate malignant cells can enter and devastate. The prostate gland is the initial site of prostate cancer, which slowly spreads to other regions of the body, primarily the bones and lymph nodes. Age, family history, and race are the main prostate cancer risk factors. The prostate-specific antigen (PSA) test is the main method of diagnosing prostate cancer. Digital rectal examination (DRE), transrectal ultrasonography (TRUS), and biopsy are further diagnostic methods.
Due to the frequent development and approval of new technologies and therapies, the market share for prostate cancer treatments is expanding quickly. The growing use of targeted medicines, which are created to specifically target the genetic abnormalities and signaling pathways that fuel prostate cancer growth, is one of the market's most important trends. Abiraterone acetate, enzalutamide, and apalutamide are a few of the treatments that have been proven to be quite successful in treating advanced prostate cancer.
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Global Prostate Cancer Treatment Market: Segmentations
Global Prostate Cancer Treatment Market: Major Players
Astella, Inc.
Bayer AG
Sanofi
AstraZeneca
Ipsen
Dendreon Corporation
Johnson & Johnson
Global Prostate Cancer Treatment Market: By Types
Hormonal Therapy
Chemotherapy
Immunotherapy
Targeted Therapy
Global Prostate Cancer Treatment Market: By Applications
Hospitals Pharmacies
Drug Stores & Retail Pharmacies
Online Pharmacies
Global Prostate Cancer Treatment Market: Regional Analysis
The countries covered in the regional analysis of the Global Prostate Cancer Treatment market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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The increasing use of immunotherapies, which employ the patient's own immune system to combat cancer, is a significant trend in the market size for prostate cancer treatments. These treatments include PD-1 inhibitors like pembrolizumab and nivolumab, which have been found to be effective in treating advanced prostate cancer, as well as medications like sipuleucel-T, a dendritic cell vaccine that has been demonstrated to be helpful in treating prostate cancer.
Growth Factors:
The use of novel screening and diagnostic methods is anticipated to promote the use of therapies, which is accelerating market expansion. Prostate cancer treatment market factors driving the growth of the prostate cancer treatment business include an increase in the elderly population, the availability of novel prostate cancer treatments, and the introduction of innovative, cost-effective treatments. The rise of the prostate cancer treatment sector is being supported by an increase in demand for hormonal therapies in cases with metastatic hormone-naive and non-metastatic castration-resistant prostate cancer (mHNPC) and nmCRPC.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
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