Press release
Prostate Cancer Nuclear Medicine Diagnostics Market Strategies 2024-2033 | Insights, Demand, Outlook
"The new report published by The Business Research Company, titled ""Prostate Cancer Nuclear Medicine Diagnostics Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the prostrate cancer nuclear medicine diagnostics market size has grown rapidly in recent years. It will grow from $0.75 billion in 2023 to $0.86 billion in 2024 at a compound annual growth rate (CAGR) of 14.5%. The prostrate cancer nuclear medicine diagnostics market size is expected to see rapid growth in the next few years. It will grow to $1.49 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%.
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Fueling Growth In Prostate Cancer Nuclear Medicine Diagnostics Market
The rise in the prevalence of prostate cancer is expected to propel the growth of the prostate cancer nuclear medicine diagnostics market going forward. Prostate cancer is a type of cancer that occurs in the prostate, a small walnut-shaped gland in males that produces seminal fluid, which nourishes and transports sperm. The rising prevalence of prostate cancer is due to the aging population, lifestyle changes, and genetic factors. Prostate cancer nuclear medicine diagnostics provide valuable insights that enable clinicians to deliver more precise, effective, and personalized care to patients with prostate cancer. For instance, in January 2024, according to the American Cancer Society, a US-based health organization, there are about 2.99 million new cases of prostate cancer and 35,250 deaths from prostate cancer. Furthermore, in 2021, according to the National Cancer Institute, a US-based government agency, the rate of new cases of prostate cancer was 116.5 per 100,000 men per year. Therefore, the rise in the prevalence of prostate cancer drives the prostate cancer nuclear medicine diagnostics market.
Advancements In Prostate Cancer Nuclear Medicine Diagnostics With Innovations, Therapies, and Regulatory Clearance
Major companies operating in the prostate cancer nuclear medicine diagnostics market are developing innovative diagnostic imaging techniques and getting US Food and Drug Administration (FDA) approval. FDA clearance for diagnostics ensures that healthcare providers and patients can access safe and practical tests for diagnosing and managing various medical conditions. For instance, in March 2022, Novartis, a Switzerland-based pharmaceutical corporation, launched Pluvicto(lutetium Lu 177 vipivotide tetraxetan) for treating adult patients diagnosed with metastatic castration-resistant prostate cancer (mCRPC) of a specific type known as prostate-specific membrane antigen-positive (PSMA-positive) that has spread to other areas of the body. Pluvicto combines a targeting compound (ligand) with a therapeutic radioisotope (a radioactive particle), providing a precision cancer treatment that targets prostate cancer cells expressing the prostate-specific membrane antigen (PSMA).
The prostate cancer nuclear medicine diagnostics market covered in this report is segmented -
1) By Type : Single Photon Emission Computed Tomography (SPECT), Photon Emission Computed Tomography (PET)
2) By Test Type: Preliminary Tests, Confirmatory Tests
3) By End User: Hospitals, Clinics, Other End Users
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Major companies operating in the prostate cancer nuclear medicine diagnostics market are Cardinal Health, General Electric, Bayer AG , Novartis AG, Siemens Healthineers AG, GE Healthcare, Lantheus, CURIUM PHARMA, Telix Pharmaceuticals Ltd., Eckert & Ziegler AG, Point Biopharma Global Inc., Point Biopharma, Alliance Medical Ltd., SHINE Medical Technologies LLC , PETNET Solution, NorthStar Medical Radioisotopes LLC, Global Medical Solutions LLC , Isotope Technologies Garching (ITG), Jubilant Pharma Limited, Blue Earth Diagnostics Inc., Institute of Isotopes Co. Ltd. , Radiopharm Theranostics, Bracco Diagnostic Inc., NCM-USA LLC, ABX Advanced Biochemical Compounds GmbH
Contents of the report:
1. Executive Summary
2. Prostate Cancer Nuclear Medicine Diagnostics Market Report Structure
3. Prostate Cancer Nuclear Medicine Diagnostics Market Trends And Strategies
4. Prostate Cancer Nuclear Medicine Diagnostics Market - Macro Economic Scenario
5. Prostate Cancer Nuclear Medicine Diagnostics Market Size And Growth
…..
27. Prostate Cancer Nuclear Medicine Diagnostics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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