The global hormone refractory prostate cancer (HRPCA) market is forecast to reach USD 15.64 Billion by 2026, according to a new report by Reports and Data.
The global hormone refractory prostate cancer (HRPCA) market is forecast to reach USD 15.64 Billion by 2026, according to a new report by Reports and Data. Hormone refractory prostate cancer (HRPCA), also known as Castrate-Resistant Prostate Cancer (CRPC), is a particular type of cancer that recurs even after hormonal therapy. It has been categorized under prostate cancer in present times. Due to the low deliverance of clinical needs associated with limited survival periods, HRPCA prevalence is intensified along with fast-emerging treatment methodologies. The global HRPCA market is anticipated to witness unprecedented growth. Most prostate cancers are found during screening with a rectal exam or prostate-specific blood test. Initially, prostate cancers don’t show any symptoms, but on advancing stages, sometimes symptoms can be seen. On the situation where Hormone Refractory Prostate Cancer is suspected based on the outcomes of screening tests, further tests are needed to confirm the diagnosis.
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The drivers for Hormone Refractory Prostate cancer market are promising pipeline drugs, evolving methods of treatment, along with growth in patient awareness. A large untapped pool of patients would opt for the treatment of Hormone Refractory Prostate Cancer, which will boost the revenue in the market. On the other hand, premium drugs for Hormone Refractory Prostate Cancer, limited period of survival, and indeterminate reimbursement policies would hinder the growth of the market over the forecast period.
The population of Asia Pacific has been shifting towards the youth, and the purchasing potential of this young populace is also increasing. Because of the rising cases of prostate cancer in this region, which mainly affects the older age group, the situation here attracts a large quantity of medicine manufacturers. Further research on these preventive as well as curtailing drugs are being promoted in this region.
Further key findings from the report suggest:
- Cytotoxic agents are set to expect the highest CAGR of 9.1% during the forecast period. These drugs have been in the market for some time and the growth of this segment is imminent because of the availability as well as cost effective nature of these drugs.
- Hormonal Therapy segment held the largest market share of 59.7% in the year 2018. This methodology is utilized due to availability of treatment in most clinics and hospitals. A major consensus resorts to this treatment method because of the high research in this technique.
- Ambulatory Surgical Centres are set to experience the highest CAGR of 10.0% during the forecast period. This is because of the benefits of ambulatory treatment where the patient is to let go without a stay at the centre. This treatment method is easy to deliver as well as a larger number of patients can be catered.
- Asia Pacific is forecasted to have the highest CAGR of 9.4% during the forecast period. Countries like India and China are rapidly catching up with the growth in the pharmaceuticals market. With high cases of prostate cancer and the research regarding pertaining, the market is set to observe significant growth.
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Top Companies Profiled in the Report:
AbbVie Inc., Acceleron Pharma Inc., AB Science SA, AstraZeneca Plc., Astellas Pharma Inc., Boston Biomedical, Dendreon Corporation, Sanofi S.A, and Johnson & Johnson, among others.
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Hormone Refractory Prostate Cancer Market Segmentation:
Agents Type Outlook (Revenue, USD Billion; 2016-2026)
- Cytotoxic Agents
- Anti-Androgens
- Vaccines
- Radio-Pharmaceuticals
Treatment Type Outlook (Revenue, USD Billion; 2016-2026)
- Chemotherapy
- Hormonal Therapy
- Immunotherapy
- Radiation Therapy
- Surgery
- Others
End-Users Outlook (Revenue, USD Billion; 2016-2026)
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Others
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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