The Prostate Cancer Market is accruing and expected to gain further prominence over the forecast period mainly due to the growing prevalence of prostate cancer, technological advancements and availability of effective treatments. According to a recent study report published by the Market Research Future, The global market of Prostate Cancer is projected to accrue at a rapid pace during the forecast period (2017 – 2027). Worldwide Prostate Cancer Marketis growing due to the increasing prevalence of prostate cancer attributed to medication or toxins and innovation in the drugs to cure this disease. Heady or changing lifestyles are the major reason responsible for increasing occurrences to the disease eventually contributing to the market growth.
Major Key Players of Prostate Cancer Market are OncoGenex Pharmaceuticals Inc. (US), Bayer Pharma AG (Berlin), Progenics Pharmaceuticals, Inc. (US), Tolmar Inc. (US), OncBioMune Pharmaceuticals Inc. (US), Endo Pharmaceuticals Inc., and Tokai Pharmaceuticals, Inc. are some of the prominent players profiled in MRFR Analysis and are competing in the Global Prostate Cancer Industry.
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Medical oncologists are medical doctors who specialize in the treatment of cancer. Medical oncologists treat prostate cancer with a variety of medical therapies, including chemotherapy, immune/vaccine, and hormonal therapy. The Market is forecasted to account for upsurge accretions by 2027with a staggering CAGR during 2017 and 2027
Radiation oncologists are specialists who treat cancer with ionizing radiation. Such as external beam radiation therapy or internally through the placement of small radioactive pellets into the prostate like brachytherapy.
Prostate Cancer Market – Segments
The Prostate Cancer Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Product Types: Comprises Hormone Therapy, Targeted Therapies, Therapeutic Vaccines and other.
Segmentation By End Users: Comprises Hospitals, Clinics and others.
Segmentation By Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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Robotic Surgery or robot surgeon is the current trend that observed in the market as patients are more inclined towards robotic surgeries. Centres that could not afford expensive machines are shutting down rapidly. Almost 40% of global hospitals have adopted robots to perform prostate surgery. Hospitals are investing heavily into new and sometimes unproven technologies which have a direct impact on the type of care patients receive.
However, cost associated with the Prostate Cancer treatment which is slightly on the higher side, side effects of surgery like urinary incontinence & impotence and surgical risks like heart attack, stroke, and blood clots are some of the factors posing a challenge to the market growth. Also, Loss of patent protection for drugs is considered as one of the major factor impeding the market growth.
Urologists are the specialists involved in the diagnosis of prostate cancer initially and will perform the prostate biopsy. Depending on the grade and stage of the prostate cancer at the time of the diagnosis, additional specialists may be involved in the care. Urologists perform surgical based treatments for prostate cancer like radical prostatectomy, minimally invasive treatments such as cryotherapy, brachytherapy and prescribe medications like hormonal therapy.
Prostate Cancer Market – Regional Analysis:
Globally North America is the largest market for Prostate Cancer. The North American market for Prostate cancer is expected to grow at a significant rate of CAGR by the end of the forecasted period. This is increasing as there is continuous input for innovative drugs to cure the diseases.
Europe is expected to be the second-largest market for Prostate cancer which is expected to grow at a considerable rate of CAGR.
North America and Europe will be close competition during the forecasted period. However, it is anticipated that North America will continue to dominate over Europe by 2027. As of now U.S. and Canada are the leading countries with respect to revenue generation and market penetration across the globe.
On the other hand, Asia Pacific region will be with China, India, Japan, South Korea, Taiwan, Singapore, Malaysia, Australia, New Zealand and others its forefront will lead the market further to next 10 years and will continue with this trend through the forecast period.
Major TOC for Prostate Cancer Market:
Market factor analysis
Global Prostate Cancer market, by treatment
Global Prostate Cancer market, by route of administration
Global Prostate Cancer market, by end users
Global Prostate Cancer market, by region
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