Europe Prostate Cancer Diagnosis and Therapy Market Research Report Forecast to 2027
Market Overview
The Europe prostate cancer diagnosis and therapy market was valued at USD 4,002.70 million in 2020 and is expected to register a CAGR of 5.05% during the assessment period. Prostate cancer is a type of cancer that affects only males in the prostate gland cells and is highly treatable in the early stages. There are various approaches to diagnose and treat prostate cancer available in the market.
The Europe prostate cancer diagnosis and therapy market is emerging due to the rising prevalence rate of prostate cancer. The increasing expenditure on oncology medicine research is anticipated to drive the growth of the market during the forecast period. Additionally, the launching of new products will provide growth opportunities for the market in the future. However, the side effects of Therapy and shortage of skilled and experienced oncologists might hamper the market's growth in the forecast period.
Market Segmentation
Based on stage, the Europe prostate cancer diagnosis and therapy market is segmented into stage I, stage II, stage III, and stage IV. The Europe prostate cancer diagnosis and therapy market is driven due to the increasing consumption of oncogene-activating components such as tobacco and unhealthy lifestyle. Stage II held the largest market in 2020
Based on type, the Europe prostate cancer diagnosis and therapy market is segmented into prostatic adenocarcinoma, small cell carcinoma, and others. The other segment includes squamous cell carcinoma, neuroendocrine tumors, soft tissue sarcoma, and transitional cancer. Prostatic adenocarcinoma holds the largest market size owing to a large patient pool. The other factor contributing to the increase in prostatic cases are aging, smoking, and obesity.
In terms of components, the Europe prostate cancer diagnosis and therapy market is segmented into diagnosis and therapy. The diagnosis segment is further sub-segmented into tissue biopsy, diagnostic imaging, and others. The therapy segment is sub-segmented into chemotherapy, hormonal therapy, and immunotherapy. The diagnostic imaging segment is expected to hold the largest market size by diagnosis method during the forecast period. The Europe prostate cancer diagnosis and therapy market based on end user has been segmented into hospitals & clinics, specialty centers, and others. The others segment includes ambulatory surgical centers and research institutions.
Regional Analysis
The growing aging population, rising prevalence rate of prostate cancer across Europe, and the increasing awareness among the individuals coupled with the various government initiatives to promote the Therapy of prostate cancer in the early stages are some of the prominent factors driving the growth of the Europe prostate cancer diagnosis and therapy market. For instance, as per GLOBOCAN, in 2020, Europe reported 518.11 new prostate cancer cases per 100,000 population. Similarly, according to the European Alliance for Personalized Medicine, the number of men being diagnosed with prostate cancer in Europe has increased over recent years.
Major Players
The market players include Astellas Pharma, Inc., Johnson & Johnson Services, Inc, Bayer AG, Roche Holding AG, Ipsen S.A., Tolmar Inc., Ferring B.V., and Esaote Spa.
Companies Mentioned
Astellas Pharma
Inc.
Johnson & Johnson Services
Inc
Bayer AG
Roche Holding AG
Ipsen S.A.
Tolmar Inc.
Ferring B.V.
and Esaote Spa
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