Press release
Prostate Cancer Treatment Market to Hit US$ 28.10 Billion by 2033, Driven by Advanced Radioligand Therapies
Prostate Cancer Treatment Market
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Rising incidence rates-1.57 million new cases in 2024 projected to reach 1.80 million by 2030-are a key market driver, alongside an aging global population, lifestyle-associated risks, and the expansion of advanced therapies such as Radioligand Therapy (RLT). North America leads the market due to strong healthcare infrastructure, early adoption of innovative treatments, and favorable reimbursement structures.
Key Highlights from the Report
➤ Global market to reach US$ 28.10 billion by 2033 at a CAGR of 7.8%.
➤ Radioligand therapy segment dominates, targeting PSMA-positive metastatic prostate cancer.
➤ North America holds the largest market share due to access to advanced therapies and strong infrastructure.
➤ FDA approvals, such as Novartis' Pluvicto, expand treatment accessibility and indications.
➤ Europe accounts for the highest incidence rate with 0.48 billion cases in 2024.
➤ Lifestyle changes, aging populations, and better diagnostics increase global prevalence.
Market Segmentation
The market is segmented by stage, therapy, and region.
By therapy, Radioligand Therapy (RLT) is set to dominate due to its ability to deliver targeted radiation to PSMA-expressing cancer cells while minimizing damage to healthy tissue. Novel agents like Pluvicto have secured regulatory approvals for use earlier in treatment lines, boosting adoption. Other therapies include hormone therapy, immunotherapy, chemotherapy, and targeted therapies, each playing a role in managing different disease stages.
Regional Insights
North America
North America leads globally in market share, supported by advanced diagnostics, strong adoption of novel therapeutics, and comprehensive insurance coverage. The U.S. FDA's proactive approach, as seen in the expanded approval of 177Lu-PSMA-617, is enabling wider patient access to RLT.
Europe
Europe records the highest incidence rate of prostate cancer globally at 0.48 billion cases in 2024. Increased awareness, screening programs, and robust healthcare systems drive high detection rates, leading to sustained demand for innovative therapies.
Asia Pacific
Asia Pacific is experiencing growth through expanded access to modern treatments, improving healthcare infrastructure, and rising diagnosis rates in countries such as Japan, China, and Australia.
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Market Dynamics
Market Drivers
The rise in prostate cancer prevalence-driven by aging populations and improved screening-is a primary growth driver. Increased investment in advanced treatment modalities like RLT and targeted therapies is reshaping the therapeutic landscape.
Market Restraints
High costs of treatment, particularly in metastatic stages, limit accessibility in low-resource settings. For example, metastatic prostate cancer treatment costs can exceed US$ 31,000 annually.
Market Opportunities
Opportunities lie in expanding access to RLT in emerging markets, the development of novel targeted treatment combinations, and investments in precision diagnostics for patient-specific therapy selection.
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Reasons to Buy the Report
✔ Detailed market forecasts and segmentation breakdowns through 2033.
✔ Insights into emerging therapies, regulatory approvals, and clinical trial pipelines.
✔ Analysis of regional market leaders and growth hotspots.
✔ Competitive profiling of top global and regional companies.
✔ Review of factors driving adoption of advanced prostate cancer therapies.
Frequently Asked Questions (FAQs)
◆ How big is the global prostate cancer treatment market in 2024?
◆ Which therapy segment dominates the market?
◆ What is the projected CAGR for the market during 2025-2033?
◆ Which region holds the largest market share?
◆ Who are the leading companies in the prostate cancer treatment sector?
Company Insights
Astellas Pharma
AstraZeneca
Bayer AG
Dendreon Pharmaceuticals
Exelixis Inc
Ferring B.V
Johnson & Johnson (Janssen Pharmaceuticals)
Pfizer Inc
Sumitomo Pharma Co., Ltd
Novartis
Tolmar, Inc
Recent Developments
March 2025: Novartis received FDA approval for Pluvicto in the pre-chemotherapy setting for PSMA-positive mCRPC patients.
February 2025: RedHill Biopharma initiated Phase II trials combining opaganib and darolutamide for mCRPC, targeting poor-prognosis patients using lipid biomarker testing.
Conclusion
The global prostate cancer treatment market is poised for strong growth through 2033 driven by innovation in targeted therapy, particularly Radioligand Therapy, and the rising global incidence of the disease. North America stands at the forefront with early adoption of advanced therapeutics and robust infrastructure, while Europe reports the highest incidence rates. Strategic clinical advancements, supportive regulatory frameworks, and expanded treatment accessibility will be key in shaping the future landscape of prostate cancer care.
Contact Us
Mr. Sai Kiran
DataM Intelligence 4market Research LLP Ground floor
DSL Abacus IT Park, Industrial Development Area
Uppal, Hyderabad, Telangana 500039
USA: +1 877-441-4866
Email: Sai.k@datamintelligence.com
Visit Our Website: https://www.datamintelligence.com
About Us
DataM Intelligence 4Market Research is a comprehensive market intelligence platform offering syndicated and customized reports along with expert consulting across multiple industries, including chemicals, healthcare, agriculture, food & beverages, and more. With extensive experience and a strategy-focused approach, DataM provides businesses and individuals with reliable market insights, statistical forecasts, and personalized research solutions to help them make informed decisions and successfully bring innovations to market.
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