Pune, India, April 21, 2017 --(PR.com
)-- The latest market report shows “Prostate Cancer Treatment Market – Market Growth, Future Prospects, Competitive Analysis and Pipeline Analysis, 2017 – 2025,” the prostate cancer treatment market was valued at US$5.63 Bn in 2016, and is expected to reach US$ 18.4 Bn by 2025 expanding at a CAGR of 12.3% from 2017 to 2025.
The key risk factors for prostate cancer development are old age, genetics, obesity and race. Around 99% of the cases for prostate cancer are most commonly seen after the age of 50 years. The currently available treatments are biological therapy and chemotherapy. Biological therapy is considered as the largest segment of the prostate cancer treatment market as it is the preferred first line of treatment.
Chemotherapy is an option to patients who are resistant to the Biological therapy. The key factors assisting the growth of prostate cancer treatment market are growing prevalence of prostate cancer coupled with growing public awareness, rising healthcare expenditure in the developed and developing regions and developing technology of pharmaceutical companies leading to more target specific drugs with lesser side effects and strong emerging pipeline. On the other hand, insufficient funding in developing and under developed countries and high cost involved in the treatment of the disease are hindering the market growth of prostate cancer treatment.
Pipeline of prostate cancer treatment market is dense and comprises a combination of biological drugs and chemotherapy drugs. However, the no. of biological therapy molecules is more in the phase III of clinical trials compared to chemotherapy. Global Pharma Industry have estimated sales of very specific molecules based on the type (biological or chemical), disease prevalence, sponsor, depicted peak sales by leading market experts and other factors.
Key Market Movements:
-Rising prevalence of prostate cancer in developed and developing countries
-Aging population, in developed countries is expected to boost the market
-Government and non-government initiatives to fight prostate cancer and supporting reimbursement policies
-Rising public awareness with early disease diagnosis and strong emerging pipeline is expected to boost the Prostate cancer treatment market
Get link for Sample @ http://globalpharmaindustry.com/2017/04/17/prostate-cancer-treatment-market-is-expected-to-reach-us-18-4-bn-by-2025/