Press release
Surge In Prostate Cancer Incidences Fueling The Growth Of The Market Due To Aging Population And Increased Life Expectancy: Strategic Insights Driving Prostate Cancer Therapeutics Market Momentum in 2025
Prostate Cancer Therapeutics
How Large Will the Prostate Cancer Therapeutics Market Size By 2025?
In recent times, there has been a significant growth in the market size of therapeutics for prostate cancer. It's projected to expand from $11.92 billion in 2024 to $12.88 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 8.0%. The growth seen in the past years can be linked to factors such as the increasing global cases of prostate cancer, a heightened awareness for early cancer screening and diagnostic programs, a rise in the population of older males, and a growing demand for personalized and targeted treatments.
How Big Is the Prostate Cancer Therapeutics Market Size Expected to Grow by 2029?
The market size of prostate cancer treatments is projected to witness substantial expansion in the coming years. It is set to surge to "$17.77 billion by 2029, with a compound annual growth rate (CAGR) of 8.4%. The escalation during the forecast period can be linked to increased health spending in developing nations, escalating commitments in oncology medicine, enhanced accessibility of high-tech imaging and diagnostic equipment, and proliferating preference for minimally invasive and non-operative therapies. The forecast period will see key trends like improvements in targeted cancer treatments, incorporation of precision cancer care, tech-enabled diagnostic imaging tools, progress in radioligand-based therapies, and forward strides in prostate cancer immunotherapy.
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Which Key Market Drivers Powering Prostate Cancer Therapeutics Market Expansion and Growth?
The growth of the prostate cancer therapeutics market is expected to be driven by the rising incidence of prostate cancer. Prostate cancer, which usually affects older men, is a condition in which the cells in the prostate gland become malignant. The growing number of aging people raises the risk of the disease, as it mostly increases with age and extended life expectancy now makes it possible for more men to develop the condition. Prostate cancer therapeutics offer a management strategy for the disease by targeting the cancer cells, slowing the disease progress, and enhancing the quality of life with treatments like surgery, radiation, hormone therapy, and recently added options such as immunotherapy. For example, the National Health Service in the UK reported in October 2024 that overall cancer diagnoses among men increased by 7% in 2022, escalating from 167,917 to 180,877 cases. This increase was mostly due to a significant rise in prostate cancer cases, which leapt by over 25% to 54,732. Therefore, the escalating incidence of prostate cancer is boosting the growth of the prostate cancer therapeutics market.
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Which Emerging Trends Are Transforming the Prostate Cancer Therapeutics Market in 2025?
Key companies in the prostate cancer therapeutics market are investing their efforts towards the development of cutting-edge therapeutics like a daily oral pill for advanced prostate cancer. This is aimed at enhancing the overall patient experience and effectiveness of treatments. The daily oral pill for advanced prostate cancer pertains to the daily medications used to manage metastatic castration-resistant prostate cancer by hindering the influence of testosterone on cancer cells. For instance, Zydus Lifesciences, a company based in India, unveiled Rexigo in January 2024, marking it as the first Indian oral once-daily pill that contains relugolix meant for patients suffering from advanced prostate cancer. This cost-effective and accessible substitute to the injectable hormone therapies quickly restrains testosterone, thereby helping to manage the spread of cancer. Additionally, it offers a superior cardiovascular safety record. Being an oral treatment, it removes the necessity of injections administered by healthcare professionals, affirming the convenience for the patient. The introduction of this medication denotes a significant stride in the management of prostate cancer in India, offering a safe, cost-effective, convenient treatment alternative for patients and physicians.
What Are the Emerging Segments in the Prostate Cancer Therapeutics Market?
The prostate cancer therapeutics market covered in this report is segmented -
1) By Therapy: Hormonal Therapy, Chemotherapy, Immunotherapy, Targeted Therapy, Other Therapies
2) By Drug Class: Androgen Receptor Inhibitors, GnRH Receptor Antagonists, PARP Inhibitors, Immune Checkpoint Inhibitors, Other Drug Classes
3) By Route Of Administration: Oral, Injectable
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Sales
5) By End User: Clinics, Hospitals, Other End Users
Subsegments:
1) By Hormonal Therapy: Luteinizing Hormone-Releasing Hormone (LHRH) Agonists, LHRH Antagonists, Anti-Androgens, Androgen Synthesis Inhibitors
2) By Chemotherapy: Docetaxel, Cabazitaxel, Mitoxantrone, Combination Chemotherapy Regimens
3) By Immunotherapy: Sipuleucel-T, Immune Checkpoint Inhibitors, Cancer Vaccines, Cytokine-Based Therapies
4) By Targeted Therapy: PARP Inhibitors, Radioligand Therapy, Tyrosine Kinase Inhibitors
5) By Other Therapies: Radiotherapy, Bone-Targeted Therapies, Cryotherapy, High-Intensity Focused Ultrasound
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Who Are the Global Leaders in the Prostate Cancer Therapeutics Market?
Major companies operating in the prostate cancer therapeutics market are Johnson & Johnson, Merck & Co. Inc., AbbVie Inc., Novartis AG, AstraZeneca plc, Sanofi S.A., Astellas Pharma Inc., Jiangsu Hengrui Medicine Co. Ltd., Telix Pharmaceuticals, Bayer AG, Curium Pharma SAS, Dendreon Pharmaceuticals, Myovant Sciences GmbH, Clovis Oncology Inc., Ipsen S.A., Veru Inc., Bristol-Myers Squibb Company, F. Hoffmann-La Roche Ltd, Dendreon Pharmaceuticals LLC, Pfizer Inc., Fusion Pharmaceuticals Inc., Ferring B.V., Tolmar Pharmaceuticals Inc.
Which are the Top Profitable Regional Markets for the Prostate Cancer Therapeutics Industry?
North America was the largest region in the prostate cancer therapeutics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the prostate cancer therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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