The global Prostate Cancer Therapeutics Market size was valued at USD 11.14 billion in 2021, growing at a CAGR of 6.6% during the forecast period 2022-2028. By Drug Class (Chemotherapeutic agents, Immune System Modulators, Hormones, Others), By Route of Administration (Oral, Parenteral, Other), By Distribution Channel (Retail Pharmacy, Hospital Pharmacy, Others), and Geography- Global/Region/Country Forecast to 2028.”.

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Technological advancements in prostate cancer treatment are expected to drive the Prostate Cancer Therapeutics Market:

When cells in the prostate gland start growing uncontrollably, prostate cancer begins. The prostate found only in males and it is an exocrine gland. This type of cancer is the most common kind of cancer amid men, however often it may be treated successfully. It shows no signs in initial stages however it can produce difficulty in urination, pain in pelvis. Moreover, it can cause low RBC levels and tiredness. Exact cause of prostate cancer is not known however it generally causes due to unhealthy lifestyle and diet. It is usually linked to hereditary causes. Family history, obesity and age are the primary risk factors of prostate cancer. This type of cancer can be diagnosed by prostate imaging, biopsy and different other techniques. Both the large and small players are working in the prostate cancer therapeutics market. This market is highly competitive. These players focus on adopting mergers and collaborations like strategies.

Technological developments in prostate cancer treatment such as targeted and radiation therapy are anticipated to fuel the prostate cancer therapeutics market. This market is speedily growing because of the increasing patients of prostate cancer and growing ageing population. On the other hand, patients in developing and underdeveloped regions cannot afford the high cancer diagnosis and treatment costs, which can hamper the growth of market. Moreover, low diagnostic rate because of the unconsciousness regarding prostate cancer symptoms is hindering the market of prostate cancer therapeutics market.

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North America accounted for major share in the Prostate Cancer Therapeutics Market:
Among all the regions, North America anticipated to witness major market share due to the high rate of prostate cancer incidents, growing research and development and developed healthcare infrastructure. According to the American Cancer Society prediction, approximately 161,360 novel diagnoses of prostate cancer will be there and around 26,730 fatalities will occur in 2017 due to the prostate cancer in America alone. Europe is expected to witness considerable growth rate because of the increasing developed healthcare infrastructure facilities and increasing prevalence rates. Asia Pacific anticipated to be rapidly growing region because of the growing R&D emphasize on cancer therapeutics.

Competitive Analysis - Global Prostate Cancer Therapeutics Market

There are major players operating in the global prostate cancer therapeutics market such as Johnson & Johnson Services Inc. (U.S.), AbbVie, Inc.(U.S.), Amgen, Inc.(U.S.), AstraZeneca (U.K), Ipsen Group(France) and Sanofi (France).

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