Hormone Refractory Prostate Cancer Market Scope
Hormone-refractory prostate cancer treatment options include secondary hormonal manipulations, chemotherapy, experimental options, and best supportive care. Hormone refractory prostate cancer is a peculiar type of cancer that relapses even after hormonal therapy. It recurs after having hormonal therapy treatment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | AbbVie Inc. (United States), Acceleron Pharma Inc. (United States), AB Science SA (France), AstraZeneca Plc. (United Kingdom), Astellas Pharma Inc. (Japan), Boston Biomedical, Inc. (United States), Dendreon Corporation (United States), Sanofi S.A (France) and Johnson & Johnson (United States) |
CAGR | 9.64% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA estimates that Global Players will contribute to the maximum growth of Global Hormone Refractory Prostate Cancer market throughout the predicted period.
AbbVie Inc. (United States), Acceleron Pharma Inc. (United States), AB Science SA (France), AstraZeneca Plc. (United Kingdom), Astellas Pharma Inc. (Japan), Boston Biomedical, Inc. (United States), Dendreon Corporation (United States), Sanofi S.A (France) and Johnson & Johnson (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Hormone Refractory Prostate Cancer market by Type and Region with country level break-up.
On the basis of geography, the market of Hormone Refractory Prostate Cancer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In September 2023, Bayer acquired Noria Therapeutics and PSMA Therapeutics in 2021, gaining access to promising investigational drugs targeting PSMA-positive prostate cancer, including HRPCA. The company is actively developing these drugs and expects to initiate clinical trials shortly.
In October 2023, J&J remains a major player with Zytiga, another established androgen receptor signaling inhibitor for HRPCA. The company is currently focusing on expanding access programs and conducting research to explore potential combination therapies involving Zytiga.
Influencing Trend:
Increased Demand for Advanced Treatment for Cancers and Growing Investments in Research and Development Activities
Market Growth Drivers:
Increased Prevalence of Prostate Cancer and Rise in the Number of Hospitals and Clinics
Challenges:
Stringent Government Rules and Regulations
Restraints:
Recurrence of the Prostate Cancer
Opportunities:
Growth in the Healthcare Industry Worldwide and Increased Government Initiatives for Cancer Research and Development
Key Target Audience
Pharmaceutical Companies, Distributors, Emerging Companies, Research Professionals and End-users