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Prostate Cancer Diagnostics Market Report 2023-2032: Growing Trends, Size, Industry Analysis, Market Statistics And Insights | F. Hoffman-La Roche AG, Bayer AG, Thermo Fisher Scientific Inc., Abbott Laboratories Inc., Siemens Healthineers AG
Prostate Cancer Diagnostics Market
The Business Research Company's Prostate Cancer Diagnostics Global Market Report 2023 identifies increasing prevalence of prostate cancer as the major driver for the Prostate Cancer Diagnostics market's growth in the forecast period. Prostate cancer is a condition in which cancer arises in the prostate gland, a component of the male and female reproductive systems. Prostate cancer diagnostics helps patients to diagnose the disease early with various tests, including prostate-specific antigen (PSA) testing and sophisticated imaging techniques.
The global prostate cancer diagnostics market size is expected to grow from $3.37 billion in 2022 to $3.86 billion in 2023 at a compound annual growth rate (CAGR) of 14.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of prostate cancer diagnostics market is expected to reach $6.31 billion in 2027 at a CAGR of 13.1%.
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Major competitors in the Prostate Cancer Diagnostics market are F. Hoffman-La Roche AG, Bayer AG, Thermo Fisher Scientific Inc., Abbott Laboratories Inc., Siemens Healthineers AG.
A key trend in the Prostate Cancer Diagnostics market includes Technological innovations. Major companies operating in prostate cancer diagnostics are introducing innovative AI-powered prostate cancer diagnosis tools to sustain their position in the market. For instance, in March 2023, Qritive, a Singapore-based company that develops diagnostic tools, launched QAi Prostate, an advanced AI-powered prostate cancer diagnosis tool for pathologists. These tools include advanced machine learning algorithms that identify the prostatic adenocarcinoma region and analyze whole slide images of prostate core needle biopsies. This tool helps pathologists to perform accurate diagnoses quickly and reduces the time taken for the treatment.
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The Prostate Cancer Diagnostics market is segmented -
1. By Products: Instruments, Reagents And Consumables, Accessories
2. By Test Type: Preliminary Tests, Confirmatory Tests
3. By Prostate Cancer: Squamous Cell Cancer, Small Cell Carcinoma, Transitional Cell Cancer, Prostatic Adenocarcinoma, Ductal Adenocarcinoma, Small Cell Prostate Cancer, Acinar Adenocarcinoma
4. By Peer Groups: Adult, Pediatric, Geriatrics
5. By End User: Hospitals, Independent Diagnostic Laboratories, Cancer Research Institutes, Other End-Users
6. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Prostate Cancer Diagnostics market.
The Business Research Company's "Global Prostate Cancer Diagnostics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Prostate Cancer Diagnostics Market Include:
1. Executive Summary
2. Prostate Cancer Diagnostics Market Characteristics
3. Prostate Cancer Diagnostics Market Trends And Strategies
4. Prostate Cancer Diagnostics Market - Macro Economic Scenario
……
32. Global Prostate Cancer Diagnostics Market Competitive Benchmarking
33. Global Prostate Cancer Diagnostics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Prostate Cancer Diagnostics Market
35. Prostate Cancer Diagnostics Market Future Outlook and Potential Analysis
36. Appendix
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