Prostate Cancer Therapeutics Market – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026
NEW YORK CITY, NEW YORK, UNITED STATES, January 31, 2020 /EINPresswire.com/ — According to the report, global demand for the Prostate Cancer Therapeutics Market was valued at nearly USD 9,801.69 Million in 2019 and is expected to generate revenue of around USD 16,557.08 Million by end of 2026, growing at a CAGR of over 7.82 % between 2020 and 2026.
Our study offers precise market attractiveness analysis, thereby succoring the buyer in exploring the huge growth aspects of the Prostate Cancer Therapeutics market over the time span from 2020 to 2026. The report also provides data about the market from 2016 to 2019. Moreover, the market is segmented into therapy, distribution channel, and region.
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Current knowhow vis-à-vis the relevance of DNA damage repair mutations in patients having prostate cancer is predicted to create new growth frontiers for prostate cancer therapeutics business over the years to come. Moreover, the past decade has witnessed new breakthroughs in prostate cancer therapeutics including radium-233, enzalutamide, cabazitaxel, abiraterone acetate, and sipuleucel-T. In addition to this, the induction of new therapies such as immunotherapy, PARP inhibition, and radiopharmaceuticals can bring a paradigm shift in the prostate cancer therapeutics industry over the years ahead.
Furthermore, precision medicine utilizing the nutraceutical methodology is one of the major patterns used for developing the non-toxic therapeutics that can act synergistically with current anti-cancer agents in the countries like the U.S. Moreover, precision medicine helps in choosing of apt therapies for treating prostate cancer through proper genetic mapping. All these factors are likely to upsurge the expansion of the prostate cancer therapeutics market in the foreseeable future. Apart from this, breakthroughs in the oncology can result in early diagnosis of prostate cancer leading to on-time treatment of the disease. This will expand the scope of the business over the years to come.
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Additionally, drug repositioning strategy has helped the firms in determining non-cancer medicines having anti-cancer properties along with tolerable side effects on the health of the patients. This aspect will further add to the market size over the forecast period.
Hospital Pharmacies Segment To Account For Major Market Share By 2026
Hospitals have remained the most preferred locations for admitting prostate cancer patients for the treatment. This has resulted in the huge popularity of the hospital pharmacies, thereby adding to its growth.
North America To Dominate The Overall Market Surge Over 2020-2026
Ongoing research programs, breakthroughs in the domain of biotechnology, and launching of vaccines like Sipuleucel-T have contributed massively towards the ascent of the prostate cancer therapeutics industry in North American sub-continent. The industry growth in the region is likely to persist even during the forecast timeline.
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The key players involved in the prostate cancer therapeutics business are Bayer AG, Johnson & Johnson, Ipsen Group, Amgen, Inc., Endo Pharmaceuticals, Inc., AbbVie, Inc., Pfizer, Inc., AstraZeneca, Sanofi, and Sanpower Group.
This report segments the Prostate Cancer Therapeutics market as follows:
Global Prostate Cancer Therapeutics Market: By Therapy Segment Analysis
Global Prostate Cancer Therapeutics Market: By Distribution Channel Segment Analysis
Global Prostate Cancer Therapeutics Market: By Regional Segment Analysis
Middle East and Africa
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Source: EIN Presswire