Market Synopsis
Competitive Market Growth, Size, Share and Forecast to 2027 for Prostrate Cancer Diagnostics Market, By Type (Screening Tests (Digital Rectal Exam (DRE), Prostate-Specific Antigen (PSA) Test), Confirmatory Tests (PCA3Test, Transrectal Ultrasound, Prostate Biopsy, MRI Fusion), Blood-Based Assay, Others); By Cancer Types (Acinar Adenocarcinoma, Ductal Adenocarcinoma, Transitional Cell (Or Urothelial) Cancer, Squamous Cell Cancer, Small Cell Prostate Cancer);
Market Snapshot
The Prostrate Cancer Diagnostics Market will reach USD 7.65 billion by 2027 at a CAGR of 13.20% , according to the Absolute Markets Insights Comprehensive Research Report titled Prostrate Cancer Diagnostics Market
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Market Overview
Prostate cancer is a form of cancer that affects the prostate gland, which is a small gland in the pelvis of men located next to the bladder. It is caused due to abnormal growth of cells in the prostate and is highly influenced by an individual’s age, race, family history, obesity, amongst others factors. If not diagnosed and treated early, prostate cancer can lead to severe health conditions. The cancer can spread to bones, rectum, and other body parts. Furthermore, severe discomforts in the pelvic area, coupled with urinary issues can be experienced by the individual as the cancer spreads. The World Cancer Research Fund International states that prostate cancer is the second most commonly occurring cancer in men, and the fourth most commonly occurring cancer overall. There were around 1.3 million new cases in 2018. There is a rise in the number of individuals that are being affected by prostate cancer. However, early detection of prostate cancer ensures in higher success rate in terms of treatment and reduces fatalities .The detection of prostate cancer when it is still confined to the prostate gland is of utmost importance for effective treatment. The growing awareness of the importance of early detection of prostate cancer is increasing demand for diagnostics amongst individuals. The diagnostics of prostate cancer includes a wide array of digital and biological tests for screening and confirming the presence of malignant tumour as well as the cancer stage. Companies such as OPKO Health, Inc. and Abbott are providing testing equipment for prostate cancer. Thus, the prevalence of prostate cancer and the growing demand for early detection and treatment, especially among men above the age of 55, is driving the growth of the prostate cancer diagnostics market.
The term Prostrate Cancer Diagnostics Market is influenced by a number of variables, such as forward/backward integration, economies of scale, the proportion of different distribution channels, elements influencing consumer behavior, such as brand loyalty, price, and accessibility of the product, capital investments, the regulatory environment, production rights and patents, marketing strategies, and other customer preferences. It is likely that the stakeholders in the sector will find this information beneficial and that it may even motivate them to take action.
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Prostrate Cancer Diagnostics Market Competitive Landscape:
The prominent companies in the Prostrate Cancer Diagnostics Market are:
Exosome Diagnostics, Genomic Health, Inc., MDxHealth, MINOMIC, Roche Diagnostics and Siemens Healthcare Private Limited,amongst others.
Impact of COVID-19:
This article discusses consumer behavior, demand movements, shopping trends, supply chain restructuring, market forces dynamics, and significant government involvement. The new paper offers more information, analyses, projections, and estimates of the market effects of COVID-19.
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Key Benefits of Global Prostrate Cancer Diagnostics Market Report:
- A lot of work has been spent considering both the present and the future as part of the examination into global Prostrate Cancer Diagnostics Market patterns.
The Global Prostrate Cancer Diagnostics Market Growth Research Report offers comprehensive details on the Market Introduction, Market Summary, Global Market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and Regional and National levels.
Researching global Prostrate Cancer Diagnostics Market trends might be useful for identifying business prospects.
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Prostrate Cancer Diagnostics Market Regional Insights
North America region accounted for the highest share in the global prostate cancer diagnostics market in 2018. This can be attributed to the high prevalence of prostate cancer in the geriatric and overweight populace. The National Cancer Institute, an agency under the U.S Department of Health and Human Services, stated that around 174,650 new cases were diagnosed across the country in 2019. The growing number of prostate cancer patients in the region is creating high demand for diagnostics devices. Government agencies have recognized the rise in demand and have initiated a number of programs for prostate cancer diagnostics. Approval for new products are also under way. For instance, FoundationOne Liquid CDx from Foundation Medicine Inc., and BRACAnalysisCDx from Myriad Genetics, Inc, are some of the products that have received clearance from the U.S Food and Drug Administration agency in recent years. Thus, the growing number of prostate cancer patients in the region, coupled with the emergence of new market players with novel offerings, is aiding in the growth of the North American prostate cancer diagnostics market.
In terms of revenue, global prostate cancer diagnostics market was valued at US$ 732.64 Mn in 2018 and is anticipated to grow at a CAGR of 9.59% over the forecast period. The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
The study offers a thorough analysis of several elements, including the distribution of the Prostrate Cancer Diagnostics Market in important geographic areas. Latin America, North America, Europe, and Asia-Pacific are the study’s primary geographic focus regions.
Why the Prostrate Cancer Diagnostics Market Report is Beneficial?
- The study covers a significant amount of information on the most recent product and technology breakthroughs in the Prostrate Cancer Diagnostics Market and provides a thorough analysis of the market competition for the Prostrate Cancer Diagnostics Market .The study was created utilizing a thorough and contemporary research approach.
- The numerous analyses of how these updates might impact the continued expansion of Prostrate Cancer Diagnostics Market.
- The research report for the Prostrate Cancer Diagnostics Market study contains a wealth of historical information and analysis.
- The Prostrate Cancer Diagnostics Market report’s insights are evident and straightforward to understand because to the graphical data representations employed, such as bar graphs, statistics, pie charts, etc.
Prostrate Cancer Diagnostics Market Segmentation:
Various categories have been created within the Prostrate Cancer Diagnostics Market market based on the components of the product and the intended use for which it is designed. Market share and growth rates for each market segment are assessed. The experts have also considered prospective areas where the producers might make money in the future. The accurate volume and value estimates provided by the geographical analysis aid market participants in better understanding the overall industry.
Global Prostate Cancer Diagnostics Market:
By Type
- Screening Tests
- Digital rectal exam (DRE)
- Prostate-specific antigen (PSA) test
- Confirmatory Tests
- PCA3Test
- Transrectal Ultrasound
- Prostate Biopsy
- MRI Fusion
- Blood-based assay
- Others
By Cancer types
- Acinar Adenocarcinoma
- Ductal Adenocarcinoma
- Transitional Cell (Or Urothelial) Cancer
- Squamous Cell Cancer
- Small Cell Prostate Cancer
Global Prostrate Cancer Diagnostics Market by Region Prostrate Cancer Diagnostics Market
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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