US Prostate Cancer Diagnostics and Therapeutics Market Size & Forecast to 2025

Posted by Rishabh on March 17th, 2020

US prostate cancer market diagnostics and therapeutics are forecast to augment at a CAGR of 10.4% during the forecast period. The major factors for the growth of the market include the high prevalence of prostate cancer in the country. As per the World Health Organization, in US prostate cancer is the most prevalent cancer among men. Around 212,000 new cases of prostate cancer have been registered in 2018 in the country which is around 18.5% of the overall cancer cases. Moreover, it is the sixth-highest reason for mortality in the country due to cancer. In 2018, around 29,000 mortalities were registered in the country. According to the American Cancer Society, nearly billion in treatment is spent every year for prostate cancer treatment. In addition, the adoption of innovative technologies for the diagnosis of prostate cancer such as biomarkers and the adoption of personalized medicine for treatment is expected to fuel the market. 

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US prostate cancer diagnostic market is segmented on the basis of diagnostic techniques and therapeutics. By diagnostic technique, the market is further divided into prostate-specific antigen test, digital rectal examination, prostate biopsy, imaging techniques. Prostate biopsy is expected to hold a significant market share during the forecast period. By therapeutics, the market is further divided into hormonal therapy, chemotherapy, immunotherapy, radiation therapy, targeted therapy, surgery. During the forecast period, chemotherapy is expected will hold a major market share in the country. 

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The companies which are contributing significantly in the market include Abbott Laboratories, AbbVie Products, LLC, Amgen Inc., Ferring Pharmaceuticals Inc., Johnson & Johnson, Siemens Healthcare AG, Amgen Inc., AstraZeneca PLC, Bayer AG, Endo Pharmaceuticals Inc., Bristol-Myers Squibb Co., GlaxoSmithKline PLC, Johnson & Johnson, Pfizer Inc., and others.

Secondary Sources Include

  • Financial reports of companies involved in the market.
  • Whitepapers, research-papers, and news blogs.
  • Company websites and their product catalog.

Market Segmentation

US Prostate Cancer Market by Diagnostic Techniques

  • Prostate-Specific Antigen Test (PSA)
  • Digital Rectal Examination
  • Prostate Biopsy
  • Imaging Techniques

US Prostate Cancer Market by Therapeutics 

  • Hormonal Therapy
  • Chemotherapy
  • Immunotherapy
  • Radiation Therapy
  • Targeted Therapy
  • Surgery

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Joined: June 18th, 2019
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