Industry Background:
Prostate Cancer testing is an unusual and unbounded growth of cells in the prostate glands of the male. Prostate Cancer testing market has high growth prospects due to increasing prevalence of disease requiring surgical treatment and introduction of advanced technologies in minimally invasive surgeries. The major companies are adding more proven post-operative recovery and lower post-operative complications in Asia-Pacific countries as these countries are focused on fastest-growing verticals for the healthcare domain. Further, increasing demand for bariatric surgeries and rising applications in insurance coverage expected to drive the market over the forecasted period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Genomic Health (United States), OPKO (United States), Siemens Healthcare (Germany), DiaSorin (Italy), BioMeriux (France), Roche (Switzerland), MDx Health (Belgium), Beckman Coulter (United States), Myriad Genetics (United States) and Ambry Genetics (United States) |
This growth is primarily driven by Increase Prevalence of Prostate Cancer and Growing Awareness Regarding the Diseases.
Globally, a noticeable market trend is evident increasing demand in Asia Pacific region
The Health Care Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Genomic Health (United States), OPKO (United States), Siemens Healthcare (Germany), DiaSorin (Italy), BioMeriux (France), Roche (Switzerland), MDx Health (Belgium), Beckman Coulter (United States), Myriad Genetics (United States) and Ambry Genetics (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In October 2018, Novartis acquired Endocyte to expand its RLT pipeline in prostate cancer. This acquisition is beneficial for treatments of oncology with imaging agents designed to assist in therapy selection.
In July 2019, MDNA Life Sciences launched a new prostate cancer test in United Kingdom, which is beneficial in providing diagnostic tests of individuals and strengthening its product portfolio by introducing the new Mitomic Prostate Test (MPT) for clinical use.
Prostate Cancer Testing Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increase Prevalence of Prostate Cancer
- Growing Awareness Regarding the Diseases
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Influencing Trends | - increasing demand in Asia Pacific region
- Rise in government initiatives to enhance research associated with effective diagnosis and treatment
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Restraints | - High Cost Associated With Prostate Cancer Testing
- Accuracy and Efficiency of Testing Hamper the Market
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Gaps & Opportunities | - Upsurge Demand for Healthcare Expenditure to its Various Health Benefits.
- Technological Advancements such as MRI and Fusion Biopsy
- Approval of new diagnostic tests
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Prostate Cancer Testing Market
- Analysis about New Entrants in Prostate Cancer Testing Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Prostate Cancer Testing Study Sheds Light on
The Prostate Cancer Testing Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Prostate Cancer Testing industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Prostate Cancer Testing industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.