Prostate Cancer Therapeutics Market (Therapy: Hormone Therapy, Chemotherapy, Biologic Therapy, and Targeted Therapy; Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Sales, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2030

Description

Prostate Cancer Therapeutics Market - Product Differentiation to Create Fructuous Opportunities

According to a recent report published by the prostate cancer therapeutics market was valued at ~US$ 10 Bn in 2019, and is projected to arrive at a value tantamount to ~US$ 19.6 Bn by 2027, expanding at a CAGR of ~8% during the period of 2019-2027. The rise of prostate cancer at an alarming rate - ~1.6 Mn new diagnosed cases of prostate cancer were registered in 2017 - as found by the American Cancer Society, is a crucial factor influencing patients into availing prostate cancer therapeutics. However, the key success factor propelling notable cancer therapeutics uptake is attributable to advancements in oncology, leading to the early diagnosis of prostate cancer.

The movement of the prostate cancer therapeutics market, however, could be hampered, in light of the reluctance evinced by patients towards premium cancer therapies and drugs. However, private and public sector investments made for underpinning the research and development activities of market players will catapult the growth trajectory of the market.

Biotechnology - A Novel Technology Driving Effectiveness of Therapeutics

Recent developments in prostate cancer therapeutics encompass various bioinformatics programs to achieve optimal cancer treatment. Market players approach prostate cancer therapeutics with an innovative approach, including proteome profiling, exome sequencing, and whole-genome, to develop a pathway for an effective cure and treatment.

An example of this can be taken from Biopep Solutions, Inc. The company is centering its efforts towards the development of BPS-001, which is a complex and multivalent biologic drug that possesses anti-tumor attributes. The drug is said to inhibit the progression of tumor cells, thereby curbing the future progression of prostate cancer.

Emerging trends have also identified the rapid growth in oral drugs intake. Surgeons recommend the intake of oral drugs on a regular basis for chemotherapy, in light of their long-time-to-effectiveness. In addition, drugs administered through intravenous therapies are highly likely to cause side effects to the hair, bone marrow, and intestines, which further upkeeps the popularity of oral therapeutics.

Hospital Pharmacies to Drive Significant Prostate Cancer Therapeutics

Despite the growing number of ambulatory surgical centers and clinics centered at offering therapies for the treatment of prostate cancer, hospitals remain the preferred medium of care. This leads to the high sales of prostate cancer therapeutics through hospital pharmacies, which is likely to account for half of the market share in 2027, by recording an above-average CAGR of ~9% during 2019-2027.

The technological lead of North America, centered at the development of novel technologies to improve the effectiveness of prostate cancer therapeutics, and the advent of vaccines such as Sipuleucel-T, are projected to remain intact during the forecast period. In 2019, North America will account for ~41% market share, followed by Europe and Asia Pacific.

The growth of the European prostate cancer therapeutics market will remain influenced by the high incidence of prostate cancer reported in France and Norway, which has led to the rise in the development of early detection and treatment therapies. That being said, Asia Pacific will demonstrate an exponential improvement in market performance, given the spurt in the number of medical tourists seeking cost-effective treatment in developing countries.

Analysts’ Viewpoint

Authors of the study maintain a promising outlook on the growth of the prostate cancer therapeutics market during 2019-2027. In this consolidated market, research & development initiatives made towards intensifying focus on ‘patient-centric’ care are projected to foster innovation regarding effective drugs and therapies. However, market players could experience a pull, in light of patients’ dependency on the availability and coverage of reimbursements from health insurance companies.

Since androgen-independent prostate cancer drugs evince lesser side-effects, patients show high confidence in these drugs, which market players can take note of to increase their production rates. Shifting of production facilities to developing countries of Asia Pacific can help market players reduce overhead costs, and, in turn, bring down the high prices of prostate cancer therapeutics.

Prostate Cancer Therapeutics Market: Overview

The global prostate cancer therapeutics market was valued at ~US$ 9.6 Bn in 2018, and is projected to expand at a CAGR of ~8% from 2019 to 2027.

Rise in the prevalence of prostate cancer, launch of promising emerging therapies, innovation in the development of new drugs & therapeutic biological products, and high growth in hormone-refractory prostate cancer drugs due to lesser side effects are the key factors that are fueling the growth of the global prostate cancer therapeutics market.

Prostate cancer is the most common non-cutaneous cancer occurring globally. Consistent rise in the geriatric population, sedentary lifestyle of people in developed countries, and incidence of urological disorder at an early age augment the prevalence of prostate cancer, globally.

The last decade has seen substantial advances in androgen receptor targeting in prostate cancer. Additionally, advances have been made in immunotherapy and radiopharmaceutical-based therapy, although their optimal use in the clinic remains unclear.

Important advances in prostate cancer therapeutics, including enzalutamide, abiraterone acetate, sipuleucel-T, cabazitaxel, and radium-233 have also been made in the last decade.

By targeting the androgen receptor (AR) with high affinity and impacting its translocation and function within the nucleus, enzalutamide represents a considerable advance over first-generation antiandrogens.

Global Prostate Cancer Therapeutics Market: Drivers & Restraints

Increase in healthy living in developed economies has increased the geriatric population, which, in turn, has led to high incidence of prostate cancer. According to the Prostate Cancer Foundation, a majority of prostate cancer cases are diagnosed in men over 65. Hence, consistent increase in the geriatric population, sedentary lifestyle of people in developed countries, and incidence of urological disorder at an early age augment the prevalence of prostate cancer, globally. This propels the need for and demand for prostate cancer therapeutics. According to the Urology Care Foundation, around 1 in 7 men are diagnosed with prostate cancer, and approximately 1 in 35 men succumb to this disease.

Various emerging diagnostic techniques have revolutionized prostate cancer detection at an early phase. Measurement of prostate-specific antigen (PSA) level has helped the diagnosis of prostate cancer. Promising new therapies in phase II and phase III trials include new cytotoxic agents, hormonal agents, and other antiprostate-specific membrane antigen therapies. According to the Mayo Foundation for Medical Education and Research (MFMER), a combination of hormonal and anti-cytotoxic T-lymphocyte-associated antigen (CTLA) treatment strategies can provoke a focused immune response against prostate tumors.

Prominent players in the prostate cancer treatment market are emphasizing on R&D and manufacture of therapeutics for the long-term survival of patients. Castration resistant prostate cancer (CRPC) has driven the approvals of effective & potent systemic agents as first and second-line treatments. Currently, a number of molecular agents are in the early phase of clinical trials for the treatment of prostate cancer.

Prostate cancer therapeutics include various forms of treatments such as hormonal therapy, chemotherapy, and biological & targeted therapy. However, the high cost of targeted therapies & other immunotherapies is expected to be a major restraint of the global market. According to the Global Oncology Trend Report, global pricing associated with oncology drugs and supportive care medicines increased by 11.5% in 2015, wherein, the U.S. accounted for ~46% of the global revenue in the oncology market.

High costs associated with targeted therapies for prostate cancer hamper the adoption of these therapies among the population. Low awareness about technological advancements in the therapeutic area of prostate cancer in developing countries is likely to restrain the prostate cancer therapeutics market during the forecast period. Chemotherapy exhibits poor response rates in later stage prostate cancer, and hence, it was reserved as a palliation for patients with hormone-refractory disease. Most oncologists do not consider systemic therapies in early-stage prostate cancer due to negative perception toward early systemic therapy.

Global Prostate Cancer Therapeutics Market: Segment Analysis

The global prostate cancer therapeutics market has been segmented based on therapy, distribution channel, and region

In terms of therapy, the global market has been classified into hormone therapy (luteinizing hormone-releasing hormone analogs, luteinizing hormone-releasing hormone antagonists, and antiandrogens), chemotherapy (systemic chemotherapy and regional chemotherapy), biologic therapy, and targeted therapy.

The hormone therapy segment dominated the global prostate cancer therapeutics market in 2018, and the trend is projected to continue during the forecast period.

Based on distribution channel, the global market has been divided into hospital pharmacies, retail pharmacies, online sales, and others.

The hospital pharmacies segment dominated the global market in 2018, due to an increase in admissions of geriatric patients in hospitals and laboratories for the diagnosis of old age-related diseases.

Global Prostate Cancer Therapeutics Market: Regional Segmentation

In terms of region, the global prostate cancer therapeutics market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America

North America was a major market for prostate cancer therapeutics in 2018. The demand for prostate cancer therapeutic products is high in the region due to a rise in the disease prevalence. However, growth of the market in North America is attributed to the launch of promising emerging therapies in the biologic and hormone therapy segments. The expected launch of some pipeline products is likely to drive the market in the region during the forecast period.

 Europe

Manufacturers are anticipated to focus on hormone therapy segments such as antiandrogens in the prostate cancer therapeutics market in Europe. The hormone therapy segment is expected to continue to be a potentially viable segment for investment during the forecast period. The expected launch of pipeline products late in the forecast period is likely to boost market growth. However, restrictions on the use of few drugs by the European Medicines Agency for the treatment of prostate cancer are anticipated to hamper the market in the region 2019 and 2027.

 Asia Pacific

Manufacturers in the prostate cancer therapeutics market in Asia Pacific are anticipated to focus on therapies such as antiandrogens and luteinizing hormone-releasing hormone antagonists. The hormone therapies segment is expected to continue to be a potentially-viable segment for investment during the forecast period. Rise in awareness programs by associations and companies is a major factor likely to boost the growth of the market in the region in the near future.

Global Prostate Cancer Therapeutics Market: Major Players

Key players operating in the global prostate cancer therapeutics market include

  • Amgen, Inc.
  • Johnson & Johnson (Janssen Biotech, Inc.)
  • Pfizer, Inc. 
  • AstraZeneca
  • AbbVie, Inc.
  • Bayer AG
  • Ipsen Group
  • Sanofi
  • Endo Pharmaceuticals, Inc.
  • Sanpower Group (Dendreon Corporation).

Prostate Cancer Therapeutics Market - Key Questions Answered

The report on the prostate cancer therapeutics market answers key concerns encircling the growth of the market.

  • What are the recent developments and market shifts observed in the market?
  • What are the key winning imperatives for leading and prominent players functioning in the market?
  • What are the significant trends stimulating the growth of the market?
  • Which end-use industry will exert strong influence on the market?

Prostate Cancer Therapeutics Market - Segmentation

Therapy

  • Hormone Therapy
  • Luteinizing Hormone-releasing Hormone Analogs
  • Luteinizing Hormone-releasing Hormone Antagonists
  • Antiandrogens
  • Chemotherapy
  • Systemic Chemotherapy
  • Regional Chemotherapy
  • Biologic Therapy
  • Targeted Therapy

Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Sales
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

TABLE OF CONTENT

1. Preface
    1.1. Report Scope and Market Segmentation 
    1.2. Research Highlights

2. Assumptions and Research Methodology
    2.1. Assumptions
    2.2. Research Methodology

3. Executive Summary
    3.1. Global Prostate Cancer Therapeutics Market Snapshot, 2018

4. Market Overview
    4.1. Therapy Overview
    4.2. Global Prostate Cancer Therapeutics Market Size (US$ Mn) Forecast, 2017–2030
    4.3. Global Prostate Cancer Therapeutics Market Outlook
    4.4. Global Prostate Cancer Therapeutics Market : Key Industry Events
    4.5. Global Prostate Cancer Therapeutics Market : Pipeline Analysis
    4.6. Global Disease Prevalence & Incidence
    4.7. Overall Prostate Cancer (2017–2030)
    4.8. By Clinical Stages (2018)

5. Market Dynamics
    5.1. Drivers
        5.1.1. Increasing prevalence of prostate cancer 
        5.1.2. Launch of promising emerging therapies
        5.1.3. Innovation in the development of new drugs and therapeutic biological products
        5.1.4. High growth in hormone-refractory prostate cancer drug due to lesser side effects
    5.2. Restrains
        5.2.1. High cost of treatment
        5.2.2. Reluctance toward adoption of premium treatments
    5.3. Opportunities
        5.3.1. Large undiagnosed patient population
        5.3.2. Rise in funding from both public and private sector in the field of drug development
    5.4. Key Trends 
        5.4.1. Increasing application of biotechnology in anticancer drugs development
        5.4.2. New drugs entering the market with higher costs 
        5.4.3. Oral drugs account for a large share of the oncology drugs market

6. Global Prostate Cancer Therapeutics Market Analysis, by Therapy
    6.1. Key Findings
    6.2. Introduction
    6.3. Global Prostate Cancer Therapeutics Market Value Share Analysis, by Therapy
    6.4. Prostate Cancer Therapeutics Market Analysis, by Therapy 
        6.4.1. Hormone Therapy
            6.4.1.1. Luteinizing Hormone-Releasing Hormone Analogs
            6.4.1.2. Luteinizing Hormone-Releasing Hormone Antagonists
            6.4.1.3. Antiandrogens
        6.4.2. Chemotherapy
            6.4.2.1. Systemic Chemotherapy
            6.4.2.2. Regional Chemotherapy
        6.4.3. Biologic Therapy
        6.4.4. Targeted Therapy
    6.5. Global Prostate Cancer Therapeutics Market Attractiveness Analysis, by Therapy, 2019–2030
    6.6. Key Trends

7. Global Prostate Cancer Therapeutics Market Analysis, by Distribution Channel
    7.1. Key Findings
    7.2. Introduction
    7.3. Global Prostate Cancer Therapeutics Market Value Share Analysis, by Distribution Channel
    7.4. Prostate Cancer Therapeutics Market Analysis, by Distribution Channel
        7.4.1. Hospital Pharmacy
        7.4.2. Retail Pharmacy
        7.4.3. Online Sales
        7.4.4. Others
    7.5. Global Prostate Cancer Therapeutics Market Attractiveness Analysis, by Distribution Channel, 2019–2030
    7.6. Key Trends

8. Global Prostate Cancer Therapeutics Market Analysis, by Region
    8.1. Global Prostate Cancer Therapeutics Market Snapshot, by Country
    8.2. Global Prostate Cancer Therapeutics Market Value Share Analysis, by Region
    8.3. Prostate Cancer Therapeutics Market Forecast, by Region
    8.4. Prostate Cancer Therapeutics Market Attractiveness Analysis, by Region, 2019–2030 

9. North America Prostate Cancer Therapeutics Market Analysis
    9.1. Market Outlook
    9.2. North America Prostate Cancer Therapeutics Market Overview
    9.3. North America Market Value Share Analysis, by Therapy
    9.4. North America Market Forecast, by Therapy
        9.4.1. Hormone Therapy
            9.4.1.1. Luteinizing Hormone-Releasing Hormone Analogs
            9.4.1.2. Luteinizing Hormone-Releasing Hormone Antagonists
            9.4.1.3. Antiandrogens
        9.4.2. Chemotherapy
            9.4.2.1. Systemic Chemotherapy
            9.4.2.2. Regional Chemotherapy
        9.4.3. Biologic Therapy
        9.4.4. Targeted Therapy
    9.5. North America Market Value Share Analysis, by Distribution Channel
    9.6. North America Market Forecast, by Distribution Channel
        9.6.1. Hospital Pharmacy
        9.6.2. Retail Pharmacy
        9.6.3. Online Sales
        9.6.4. Others
    9.7. Market Analysis, by Country
    9.8. Market Value Share Analysis, by Country
    9.9. Market Size (US$ Mn) Forecast, by Country, 2019–2030
        9.9.1. U.S.
        9.9.2. Canada
    9.10. Market Attractiveness Analysis
        9.10.1. By Therapy
        9.10.2. By Distribution Channel
        9.10.3. By Country
    9.11. Market Trends

10. Europe Prostate Cancer Therapeutics Market Analysis
    10.1. Market Outlook
    10.2. Europe Prostate Cancer Therapeutics Market Overview
    10.3. Europe Market Value Share Analysis, by Therapy
    10.4. Europe Market Forecast, by Therapy
        10.4.1. Hormone Therapy
            10.4.1.1. Luteinizing Hormone-Releasing Hormone Analogs
            10.4.1.2. Luteinizing Hormone-Releasing Hormone Antagonists
            10.4.1.3. Antiandrogens
        10.4.2. Chemotherapy
            10.4.2.1. Systemic Chemotherapy
            10.4.2.2. Regional Chemotherapy
        10.4.3. Biologic Therapy
        10.4.4. Targeted Therapy
    10.5. Europe Market Value Share Analysis, by Distribution Channel
    10.6. Europe Market Forecast, by Distribution Channel
        10.6.1. Hospital Pharmacy
        10.6.2. Retail Pharmacy
        10.6.3. Online Sales
        10.6.4. Others
    10.7. Market Analysis, by Country/Sub-region
    10.8. Market Value Share Analysis, by Country/Sub-region
    10.9. Market Size (US$ Mn) Forecast, by Country/Sub-region, 2019–2030
        10.9.1. U.K.
        10.9.2. Germany
        10.9.3. Italy
        10.9.4. France
        10.9.5. Spain
        10.9.6. Russia
        10.9.7. Rest of Europe
    10.10. Market Attractiveness Analysis
        10.10.1. By Therapy
        10.10.2. By Distribution Channel
        10.10.3. By Country/Sub-region
    10.11. Market Trends

11. Asia Pacific Prostate Cancer Therapeutics Market Analysis
    11.1. Market Outlook
    11.2. Asia Pacific Prostate Cancer Therapeutics Market Overview
    11.3. Asia Pacific Market Value Share Analysis, by Therapy
    11.4. Asia Pacific Market Forecast, by Therapy
        11.4.1. Hormone Therapy
            11.4.1.1. Luteinizing Hormone-Releasing Hormone Analogs
            11.4.1.2. Luteinizing Hormone-Releasing Hormone Antagonists
            11.4.1.3. Antiandrogens
        11.4.2. Chemotherapy
            11.4.2.1. Systemic Chemotherapy
            11.4.2.2. Regional Chemotherapy
        11.4.3. Biologic Therapy
        11.4.4. Targeted Therapy
    11.5. Asia Pacific Market Value Share Analysis, by Distribution Channel
    11.6. Asia Pacific Market Forecast, by Distribution Channel
        11.6.1. Hospital Pharmacy
        11.6.2. Retail Pharmacy
        11.6.3. Online Sales
        11.6.4. Others
    11.7. Market Analysis, by Country/Sub-region
    11.8. Market Value Share Analysis, by Country/Sub-region
    11.9. Market Size (US$ Mn) Forecast, by Country/Sub-region, 2019–2030
        11.9.1. China
        11.9.2. Japan
        11.9.3. India
        11.9.4. Australia & New Zealand
        11.9.5. Rest of Asia Pacific
    11.10. Market Attractiveness Analysis
        11.10.1. By Therapy
        11.10.2. By Distribution Channel
        11.10.3. By Country/Sub-region
    11.11. Market Trends

12. Latin America Prostate Cancer Therapeutics Market Analysis
    12.1. Market Outlook
    12.2. Latin America Prostate Cancer Therapeutics Market Overview
    12.3. Latin America Market Value Share Analysis, by Therapy
    12.4. Latin America Market Forecast, by Therapy
        12.4.1. Hormone Therapy
            12.4.1.1. Luteinizing Hormone-Releasing Hormone Analogs
            12.4.1.2. Luteinizing Hormone-Releasing Hormone Antagonists
            12.4.1.3. Antiandrogens
        12.4.2. Chemotherapy
            12.4.2.1. Systemic Chemotherapy
            12.4.2.2. Regional Chemotherapy
        12.4.3. Biologic Therapy
        12.4.4. Targeted Therapy
    12.5. Latin America Market Value Share Analysis, by Distribution Channel
    12.6. Latin America Market Forecast, by Distribution Channel
        12.6.1. Hospital Pharmacy
        12.6.2. Retail Pharmacy
        12.6.3. Online Sales
        12.6.4. Others
    12.7. Market Analysis, by Country/Sub-region
    12.8. Market Value Share Analysis, by Country/Sub-region
    12.9. Market Size (US$ Mn) Forecast, by Country/Sub-region, 2019–2030
        12.9.1. Brazil
        12.9.2. Mexico
        12.9.3. Rest of Latin America
    12.10. Market Attractiveness Analysis
        12.10.1. By Therapy
        12.10.2. By Distribution Channel
        12.10.3. By Country/Sub-region
    12.11. Market Trends

13. Middle East & Africa Prostate Cancer Therapeutics Market Analysis
    13.1. Market Outlook
    13.2. Middle East & Africa Prostate Cancer Therapeutics Market Overview
    13.3. Middle East & Africa Market Value Share Analysis, by Therapy
    13.4. Middle East & Africa Market Forecast, by Therapy
        13.4.1. Hormone Therapy
            13.4.1.1. Luteinizing Hormone-Releasing Hormone Analogs
            13.4.1.2. Luteinizing Hormone-Releasing Hormone Antagonists
            13.4.1.3. Antiandrogens
        13.4.2. Chemotherapy
            13.4.2.1. Systemic Chemotherapy
            13.4.2.2. Regional Chemotherapy
        13.4.3. Biologic Therapy
        13.4.4. Targeted Therapy
    13.5. Middle East & Africa Market Value Share Analysis, by Distribution Channel
    13.6. Middle East & Africa Market Forecast, by Distribution Channel
        13.6.1. Hospital Pharmacy
        13.6.2. Retail Pharmacy
        13.6.3. Online Sales
        13.6.4. Others
    13.7. Market Analysis, by Country/Sub-region
    13.8. Market Value Share Analysis, by Country/Sub-region
    13.9. Market Size (US$ Mn) Forecast, by Country/Sub-region, 2019–2030
        13.9.1. Saudi Arabia
        13.9.2. South Africa
        13.9.3. UAE
        13.9.4. Rest of Middle East & Africa
    13.10. Market Attractiveness Analysis
        13.10.1. By Therapy
        13.10.2. By Distribution Channel
        13.10.3. By Country
    13.11. Market Trends

14. Company Profiles
    14.1. Prostate Cancer Therapeutics Market Share Analysis, by Company, 2018 (Estimated)
    14.2. Competition Matrix
    14.3. Company Profiles
        14.3.1. Amgen, Inc.
        14.3.2. Johnson & Johnson (Janssen Biotech, Inc.)
        14.3.3. Pfizer, Inc.
        14.3.4. AstraZeneca
        14.3.5. AbbVie, Inc.
        14.3.6. Bayer AG
        14.3.7. Ipsen Group
        14.3.8. Sanofi
        14.3.9. Endo Pharmaceuticals, Inc.
        14.3.10. Dendreon Corporation (Sanpower Group Co. Ltd.)

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