Prostate Cancer Treatment Market Size Worth $23.86 Billion By 2032 | CAGR: 7.8%

The global prostate cancer treatment market size is expected to reach USD 23.86 billion by 2032, according to a new study by Polaris Market Research. The report “Prostate Cancer Treatment Market Share, Size, Trends, Industry Analysis Report, By Treatment Therapy; By Distribution Channel; (Hospital Pharmacies, Online Pharmacies, Retail Pharmacies) By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The key factors driving the growth of the market are the surge in generic products, rise in the prevalence of prostate cancer, improved R&D investment by drug innovators, rise in public awareness of the treatment of prostate cancer, and accessibility of new prostate cancer treatments.

Prostate cancer occurs when abnormal cells develop and infiltrate the prostate gland uncontrollably. Prostate cancer ranks sixth and tenth in terms of death from any disease in terms of cancer-related mortality in males.

However, top companies are concentrating on creating cutting-edge and new medicines. During the forecast period, many businesses plan to release goods that are in their product pipelines. For Instance, In March 2022, Merck launched keylynk-010, a study for lynparza with keytruda in patients with metastatic castration-resistant prostate cancer.

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Due to the frequent development and approval of new technologies and therapies, the market share for prostate cancer treatments is expanding quickly. The growing use of targeted medicines, which are intended to selectively target the genetic abnormalities and signaling pathways that fuel prostate cancer growth, is one of the market's most important developments.

Prostate cancer can be treated with radiation, surgery, biological treatment, and hormone therapy. Prostatic adenocarcinoma, benign prostatic hyperplasia, small cell carcinoma, and other types of prostate cancer are treated and managed using a variety of diagnostic and therapeutic devices.

Prostate Cancer Treatment Market Report Highlights

• Hospital pharmacy segment accounted for a maximum share in 2022 due to pharmacies having prompt availability and access to medications also patients get supplies of essential medicines.
• However online pharmacies is expected to grow significantly which is mainly by e-prescription for medicine, and doorstep delivery is available for all kinds of medication.
• North America dominated the global market in 2022 due to expansion in release of potential new pharmaceuticals in the biologics and hormone therapy sectors. And the incidence of the disease is rising, and there is a big demand in the region for products that treat prostate cancer.
• The global key market players include AstraZeneca plc, GlaxoSmithKline Plc, F. Hoffmann-La Roche AG, Sanofi S.A., Tolmar Inc., Ipsen Pharma, Takeda Pharmaceutical Company Ltd, Johnson & Johnson, Indevus Pharmaceuticals, Bristol-Myers Squibb Company, and Novartis AG.

Polaris Market Research has segmented the prostate cancer treatment Market report based on treatment therapy, distribution channel, and region:

Prostate Cancer Treatment, Treatment Therapy Outlook (Revenue - USD Billion, 2019 - 2032)

• Chemotherapy
  • Systemic Therapy
  • Regional Chemotherapy
• Hormonal Therapy
  • Anti-Androgens
  • LHRH Antagonists
  • LHRH Analogs
• Targeted Therapy
  • Apoptosis inducing drugs
  • Angiogenesis inhibitor
  • Signal transduction inhibitor
• Immunotherapy
  • Vaccines

Prostate Cancer Treatment, Distribution Channel (Revenue - USD Billion, 2019 - 2032)

• Hospital Pharmacies
• Online Pharmacies
• Retail Pharmacies

Prostate Cancer Treatment, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa