Prostate Cancer Diagnostics Market Is Supposed To Reach USD10.0 Bn over the forecast period 2018-2025 – QY Research

“Prostate Cancer Diagnostics Market”
Global Prostate Cancer Diagnostics market in its database that provides an in-depth analysis of the key market insights, its future trends, and developments, profiles of leading players, key restraints and drivers, segmentation and forecasting. The report highlights the Prostate Cancer Diagnostics market size and CAGR of the important segments, thus providing a quick relevant information of the global Prostate Cancer Diagnostics market.
QY Research has publicized the release of a new report titled “Global Prostate Cancer Diagnostics Market Research Report 2018.” This report offers an encyclopedic study of the global prostate cancer diagnostics market focusing on market competition, segmentation, regional growth, and other key aspects.

In 2017, the global prostate cancer diagnostics market attained a valuation of about US$ 10.0 Bn. It recorded a 7.7% average growth rate in the past few years. It will be encouraging for players to know that the market developed rapidly in the recent years.

However, in the next five years, the gross margin is expected to follow a declining trend. In 2017, it reached a 71.65%, reducing from a 73.15% touched in 2013.

Global Prostate Cancer Diagnostics Market: Drivers

One of the major factors augmenting the demand in the global prostate cancer diagnostics market is continuous technological development. On the other hand, increasing incidence of prostate cancer is raising the level of demand in the market.

Improving awareness about advanced cancer diagnostics technologies in developing economies and government initiatives taken to support it are expected to drive the growth of the global prostate cancer diagnostics market.

High demand for prostate cancer diagnostics in emerging countries such as China and Japan is strengthening the market. Furthermore, the availability of sophisticated healthcare infrastructure in North America is foreseen to promise growth to the prostate cancer diagnostics market.

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Global Prostate Cancer Diagnostics Market: Forecast by End User and Product

On the basis of end user, the global prostate cancer diagnostics market sees a classification into >75 years, 55-75 years, and

By product, the global prostate cancer diagnostics market is segmented into biopsy, imaging, tumor biomarker tests, and others. In 2017, tumor biomarker tests bagged a 59.6% share of the market. However, the biopsy method is mostly used for prostate cancer diagnostics.

Global Prostate Cancer Diagnostics Market: Regional Analysis

By sales, North America takes the leading position in the global prostate cancer diagnostics market. In 2017, the region secured a consumption share of 47.7% in terms of value. In the same year, Europe treaded upon the heels of North America, collecting a 28.5% consumption share of the market.

North America is also the largest supplier that accounted for a 47.8% revenue share of the global prostate cancer diagnostics market in 2017. Europe achieved the second position in the same year as it secured a 39.0% revenue share of the market.

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Global Prostate Cancer Diagnostics Market: Key Players

Siemens Healthcare, OPKO, Abbott, and Genomic Health are some of the players leading the global prostate cancer diagnostics market. These companies have secured strong positions in the market as they deal with premier customers and hold important patents and technologies.

According to the analysts authoring the report, the market competition is quite intense.

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