Global Prostate Cancer Diagnostics and Treatment Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of 6.5% during forecast period.
Global Prostate Cancer Diagnostics and Treatment Market Overview:

One of the most common types of cancer is prostate cancer. Many prostate cancers are slow-growing and limited to the prostate gland, where they are unlikely to cause substantial harm. The majority of prostate malignancies are discovered through screening. Early prostate tumours rarely generate symptoms; however, symptoms caused by more advanced tumours can lead to their discovery.
Global Prostate Cancer Diagnostics and Treatment Market Dynamics:

Rising cases of Prostate Cancer worldwide is expected to majorly drive the market growth during forecast period.

One of the key factors driving demand for diagnostic tools is the rising prevalence of prostate cancer. According to the National Cancer Institute, around 174,650 new cases of cancer were identified in the United States in 2019. The primary drivers fuelling the market in the forecast period are increased attention on the illness burden and increased knowledge about the disease. Diagnostics for prostate cancer are critical for early identification and effective therapy of the illness. Prostate cancer is becoming more common, the geriatric population is growing, there are more investments in the field of prostate cancer diagnostics, and there is a growing awareness of the disease's early diagnosis. The Australian government and the Movember Foundation announced a partnership to fight prostate cancer in 2018, spending AUD 12 million in ground-breaking new research teams dedicated to undertaking life-saving prostate cancer research and reducing the number of fatalities caused by the disease.

During the forecast period, technological developments in diagnostic tests are projected to boost market growth even further. Researchers are currently studying the use of Artificial Intelligence (AI) to identify prostate cancer, according to the National Cancer Institute. Artificial intelligence (AI) is used to identify questionable spots identified during an MRI scan that require biopsies to confirm the presence of malignant cells. Another factor that is expected to fuel the growth of the prostate cancer diagnostics market in the near future is the increasing number of new market entrants. Gregor Diagnostics, for example, committed USD 9, 00,000 in July 2018 to boost its attempts to create a unique at-home screening test. In comparison to standard PSA testing, this device is predicted to provide very sensitive test findings.

The report has profiled nineteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for future hot spot in APAC region.
Global Prostate Cancer Diagnostics and Treatment Market Segment Analysis:

The Global Prostate Cancer Diagnostics and Treatment Market is segmented on the basis of Type, Diagnosis and Treatment.

Based on Diagnosis, the Transrectal Ultrasound segment is anticipated to dominate the global market during the forecast period. The Transrectal ultrasound (TRUS) guided biopsy is another popular diagnostic method for prostate cancer that is still regarded as a feasible option. It is rapid and convenient for the provider, with a method that most urologists are familiar with and a low risk of urine retention. TRUS is a good choice with clinical benefits for patients who cannot have MRI procedures owing to claustrophobia, metal implants, or a lack of insurance coverage. The TRUS biopsy, which is the most popular and useful alternative transperineal method, has been endorsed by the American Urology Association and the European Association of Urology in recent years. Patients with related disorders are frequently treated with TURS biopsy, which has a significant advantage over other treatments. As a result, it is widely known and recognised.

In 2019, PCA3 held the largest market share in diagnostic testing. It's a biomarker that can help improve the accuracy of a prostate cancer diagnosis. Due to its relatively high sensitivity and specificity during diagnostic procedures, the biomarker is recommended.

Based on Treatment, the Therapeutics segment is expected to hold dominant market share XX% by 2026. The segment is further divided into Hormonal Therapy, Chemotherapy and Other Treatments. Hormone therapy is a medication that prevents your body from manufacturing testosterone, the male hormone. Testosterone is required for prostate cancer cells to proliferate. Cancer cells may die or develop more slowly if their testosterone supply is cut off. In the year 2019, the hormone therapy sector dominated the market, accounting for 31.65% of the total market share. The rise in prostate cancer prevalence, an increase in demand for hormone therapy, promising pipeline medications, and the evolving treatment of prostate cancer treatment are all contributing to this trend. Hormone therapy is occasionally used before radiation therapy to treat prostate cancer that hasn't spread. It aids in the reduction of tumour size and improves the efficiency of radiation therapy.

Global Prostate Cancer Diagnostics and Treatment Market

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Global Prostate Cancer Diagnostics and Treatment Market Regional Insights:

North America is expected to account for larger market share during forecast years.

Owing to factors such as rising prostate cancer prevalence, more awareness, and more research and development in this region, North America is expected to dominate the market share. According to the American Cancer Society, there were estimated to be 164,690 new prostate cancer cases and 29,430 deaths in the United States in 2018. The market dominance is owing to the higher acceptance of advanced technologies, well-established healthcare diagnostic facilities, the surging incidence of prostate cancer, and the enactment of numerous initiatives for raising awareness about the disease in the region.
APAC is expected to witness lucrative growth during forecast period.

Due to rising knowledge of prostate cancer treatment and adoption of prostate cancer treatment products, Asia-Pacific delivers the attractive potential for key players in the prostate cancer treatment market. Furthermore, developments in healthcare infrastructure, an increase in the number of hospitals with superior medical facilities, a growing R&D sector, increased healthcare reforms, and technical breakthroughs in the field of healthcare all contribute to market growth. Other factors driving the growth of the prostate cancer treatment market in Asia-Pacific include leading manufacturers' increased focus on expanding their geographic presence in emerging Asia-Pacific countries to capture high growth opportunities in the market, a large population base, and high disposable incomes.

The report also helps in understanding Global Prostate Cancer Diagnostics and Treatment Market dynamics, structure by analyzing the market segments and project the Global Prostate Cancer Diagnostics and Treatment Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Prostate Cancer Diagnostics and Treatment Market make the report investor’s guide.
Global Prostate Cancer Diagnostics and Treatment Market, Key Developments:

• Biograph Vision Quadra Extended Axial FoV PET/CT Scanner was launched by Siemens Healthcare GmbH in October 2020. This scanner is the most sensitive extended field view scanner in the business, and it's designed for clinical and research use. The product has a wide range of clinical applications and will enhance demand for cancer diagnostic procedures, as well as the company's revenue.
Global Prostate Cancer Diagnostics and Treatment Market Scope: Inquire before buying

Global Prostate Cancer Diagnostics and Treatment Market 2

Global Prostate Cancer Diagnostics and Treatment Market, By Region:

• North America
• Europe
• South America
• MEA
• APAC
Global Prostate Cancer Diagnostics and Treatment Market, Key players:

• MDx Health
• Myriad Genetics, Inc.
• Abbott Laboratories
• F. Hoffman-La Roche AG
• Genomic Health
• Siemens Healthcare GmbH
• OPKO Health, Inc.
• Beckman Coulter, Inc.
• Biomérieux SA
• Diasorin S.P.A.
• ACON Laboratories, Inc.
• HUMASIS
• Teco Diagnostics
• Hologic Inc.
• Accuquik Test Kits
• Metamark Genetics, Inc.
• Prostatype Genomics
• Fujirebio
• Proteomedix

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