Availability of Large Patient Pool to Boost the Global Prostate Cancer Drugs Market Through 2020: Technavio

Technavio publishes a new market research report on the global prostate cancer drugs market from 2016-2020. (Photo: Business Wire)

LONDON--()--According to the latest market study released by Technavio, the global prostate cancer drugs market is expected to post an impressive revenue of more than USD 10 billion by 2020.

This research report titled ‘Global Prostate Cancer Drugs Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

“The advances in early stage diagnosis of prostate cancer with the development of new diagnostic tests such as phi test, and Progensa are expected to substantially increase the patient pool, thereby driving market growth,” says Sapna Jha, a lead analyst at Technavio for in-vitro diagnostics research.

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The global prostate cancer drugs market can be categorized based on therapy into four segments:

  • Hormonal therapy
  • Chemotherapy
  • Immunotherapy
  • Targeted therapy

Hormonal therapy

Hormonal therapy involves the application of several pharmacologic agents that help in the reduction of testosterone levels in men. Hormonal therapy dominated the prostate cancer market with a share of 80% in 2015. Hormonal therapies such as Johnson & Johnson’s Zytiga and and Astellas Pharma’s Xtandi will continue to drive the market during the forecast period.

Chemotherapy

Though chemotherapy is not a standard treatment for early prostate cancer, it is used in cases where hormonal therapy does not work. Chemotherapy drugs enter the bloodstream and travel throughout the body. This treatment is basically useful for cancers that have metastasized to distant organs. Sanofi’s Taxotere and Jevtana are the key drugs in the global chemotherapy prostate cancer drugs market. These drugs reported a revenue of approximately USD 500 million in 2015. In addition, the emergence of combination drugs is expected to have a positive impact on the market growth.

Immunotherapy

Immunotherapy is a treatment option for advanced or recurrent forms of prostate cancer. This therapy makes use of the body's immune system to fight cancer. Immunotherapy works by either stimulating the immune system to attack cancer cells or by providing the immune system with antibodies to compete with cancer. This treatment method may be used alone or in combination with other treatments, such as radiation therapy and hormone therapy.

“Immunotherapies are gaining traction in this market and are expected to garner significant share during the forecast period, owing to its specificity and efficacy,” says Sapna.

Targeted therapy

Targeted therapy is used as a treatment option for prostate cancer when the cancer recurs or when a patient's tumor can be brought under control at an earlier stage by manipulating its growth signals. This therapy makes use of drugs that help identify and attack cancer cells, while little damage is done to the normal cells.

Bayer HealthCare’s Xofigo reported a revenue of USD 285 million in 2015, reporting a YoY growth of 37%. This indicates growing interest, leading to increased adoption of targeted therapies during the forecast period.

The top vendors highlighted by Technavio’s healthcare and life sciences research analysts in this report are:

  • AbbVie
  • Astellas Pharma
  • AstraZeneca
  • Johnson & Johnson
  • Sanofi

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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global prostate cancer drugs market is expected to post an impressive revenue of more than USD 10 billion by 2020.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com