Castrate-resistant Prostate Cancer Market

Castrate-resistant Prostate Cancer Market by Therapy (Chemotherapy, Hormonal Therapy, Immunotherapy, and Radiotherapy), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-750
  • Author: Growth Market Reports
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  • No. Of Pages: 144
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The global castrate-resistant prostate cancer market size was valued at USD 8.5 billion in 2019 and is estimated to expand at a CAGR of 8.4 % during the forecast period, 2021–2028. The growth of the market is attributed to the increasing prevalence of castrate-resistant prostate cancer, increased use of novel drugs, unhealthy lifestyle, demand for fast treatments and increased investments in R&D by key players.

Castrate-resistant Prostate Cancer Market Key Takeaways

When cells in the body begin to grow out of control, cancer develops. Cancer cells can develop in almost any organ of the body and spread to other parts of the body. Prostate cancer refers to a kind of cancer that affects the male reproductive system. Prostate cancer is usually slow-growing and stable, though it can occasionally migrate from the prostate (gland) to other parts of the body, such as the bone and lymph node. Prostate cancer has no symptoms at first, but in extreme cases, it can cause pain when urinating and problems during sexual intercourse. Prostate cancer that has become resistant to hormone treatment is known as castrate-resistant prostate cancer. Hormone therapy, commonly known as androgen deprivation therapy (ADT), reduces testosterone levels in the body significantly. The levels of testosterone are similar to those found in males who have had their testicles surgically removed. Castration is a term used to describe the surgical removal of the testes, though orchiectomy is a more formal term. Androgens are produced by the testicles, hence their removal lowers hormone levels. Male sex hormones are referred to as androgens. Prostate cancer normally progresses slowly when testosterone levels are low. Despite the drop in testosterone, men with castrate-resistant prostate cancer still have progressive cancer growth. If prostate cancer progresses and becomes castrate resistant, there are treatments that can help slow the disease's progression but do not cure it. One of the most important goals is to prevent the cancer from spreading. Cancer that spreads from the prostate gland to other regions of the body, such as the spine, lungs, and brain, is known as metastatic cancer. Genetic predisposition, aging population, unhealthy food, pharmaceutical exposure, and many sexual partners are all risk factors for castration-resistant prostate cancer. Prostate imaging, biopsy, tumour marker, and staging test are all used to diagnose castration-resistant prostate cancer. The fact that castration-resistant prostate cancer is resistant to medical and surgical therapy is crucial. Hormone therapy, immunological modulation, antiangiogenic treatment, and bone focused medicines are some of the additional therapeutic options on the market.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing prevalence of castrate-resistant prostate cancer due to increasing patient of prostate cancer is projected to boost the market growth during the forecast period.
  • Growing application of novel drug and new product development in pipeline are expected to propel the market growth in the coming years.
  • Increasing advancements in innovative medication and demand for effective treatment is anticipated to drive the market growth in the forecast period.
  • Lack of a standard treatment pattern and variable choice of treatments based on patient characteristics and physician preference are projected to hamper the market growth.
  • Increased R&D investment and technological advancements are projected to offer lucrative opportunities for the market players.

Scope of the Report

The report on the global castrate-resistant prostate cancer market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Castrate-resistant Prostate Cancer Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Therapy (Chemotherapy, Hormonal Therapy, Immunotherapy, and Radiotherapy)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Sanofi; Johnson & Johnson Services, Inc.; Pfizer, Inc.; Astellas Pharma, Inc.; Bayer AG


Market Segment Insights

Hormonal therapy segment is expected to account for a key share of the market
Based on therapy, the castrate-resistant prostate cancer market is segmented into Chemotherapy, Hormonal Therapy, Immunotherapy, and Radiotherapy. The hormonal therapy segment is expected to account for a key share of the market during the forecast period owing to the presence of a large number of authorized drugs, the launch of new drugs, and the expansion of product indications. Furthermore, the market for castrate-resistant prostate cancer is expected to grow due to the increasing development of innovative medications to address unmet requirements and existing treatment choices.

On the other hand, the immunotherapy therapy segment is anticipated to expand at a rapid pace during the forecast period owing to increasing prevalence of advanced prostate cancer. Chemotherapy is one of the treatment options for Castrate-resistant Prostate Cancer (CRPC), and it is utilized as the first treatment. Docetaxel (Taxotere) and prednisone are two authorized chemotherapy medicines.

Castrate-resistant Prostate Cancer Market By Therapy

North America is anticipated to dominate the market
On the basis of regions, the castrate-resistant prostate cancer market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market at an impressive CAGR during the forecast period. The regional market growth can be attributed to increasing prevalence of the castrate-resistant prostate cancer, the presence of key players, changing lifestyle and favorable reimbursement policies. The presence of regulatory bodies in North American countries is expected to accelerate the development of therapies. This is mostly due to the fact that these organizations play a critical role in raising public awareness regarding immunotherapy's effectiveness in cancer treatment.

On the other hand, Europe is expected to exhibit a rapid growth rate in the coming years owing to initiatives by both government and private institutions such as European Organization for Research and Treatment of Cancer (EORTC) and the European Medicines Agency (EMA), to develop unique programs focusing on multiple approaches in drug development.

On the other hand, Asia Pacific is expected to exhibit a rapid growth rate in the coming years owing to presence of key oncology companies, increased R&D investments in countries such as China and Japan. As a result, there has been a surge in the development of prostate cancer treatments. In addition, clinical trials in developing countries are less expensive than in developed countries.

 Castrate-resistant Prostate Cancer Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Castrate-resistant Prostate Cancer Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Castrate-resistant Prostate Cancer Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Castrate-resistant Prostate Cancer Market - Supply Chain
  4.5. Global Castrate-resistant Prostate Cancer Market Forecast
     4.5.1. Castrate-resistant Prostate Cancer Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Castrate-resistant Prostate Cancer Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Castrate-resistant Prostate Cancer Market Absolute $ Opportunity
5. Global Castrate-resistant Prostate Cancer Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Castrate-resistant Prostate Cancer Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Castrate-resistant Prostate Cancer Demand Share Forecast, 2019-2026
6. North America Castrate-resistant Prostate Cancer Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Castrate-resistant Prostate Cancer Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Castrate-resistant Prostate Cancer Demand Share Forecast, 2019-2026
7. Latin America Castrate-resistant Prostate Cancer Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Castrate-resistant Prostate Cancer Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Castrate-resistant Prostate Cancer Demand Share Forecast, 2019-2026
8. Europe Castrate-resistant Prostate Cancer Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Castrate-resistant Prostate Cancer Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Castrate-resistant Prostate Cancer Demand Share Forecast, 2019-2026
9. Asia Pacific Castrate-resistant Prostate Cancer Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Castrate-resistant Prostate Cancer Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Castrate-resistant Prostate Cancer Demand Share Forecast, 2019-2026
10. Middle East & Africa Castrate-resistant Prostate Cancer Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Castrate-resistant Prostate Cancer Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Castrate-resistant Prostate Cancer Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Castrate-resistant Prostate Cancer Market: Market Share Analysis
  11.2. Castrate-resistant Prostate Cancer Distributors and Customers
  11.3. Castrate-resistant Prostate Cancer Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Sanofi
     11.4.2. Johnson & Johnson Services, Inc.
     11.4.3. Pfizer, Inc.
     11.4.4. Astellas Pharma, Inc.
     11.4.5. Bayer AG
Segments Covered in the Report
The global castrate-resistant prostate cancer market has been segmented on the basis of

Therapy
  • Chemotherapy
  • Hormonal Therapy
  • Immunotherapy
  • Radiotherapy
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Sanofi
  • Johnson & Johnson Services, Inc.
  • Pfizer, Inc.
  • Astellas Pharma, Inc.
  • Bayer AG

Key players competing in the castrate-resistant prostate cancer market include Sanofi; Johnson & Johnson Services, Inc.; Pfizer, Inc.; Astellas Pharma, Inc.; Bayer AG.

Companies' strategic initiatives to develop and fund clinical trials of investigational candidates, such as collaboration and partnership, are projected to accelerate market growth. For example, in July 2020, Ipsen joined the Exelixis and Roche clinical trial alliance and contributed to the funding of the Phase III CONTACT-02 pivotal trials. The trial compares the safety and efficacy of cabozantinib in conjunction with atezolizumab to a second Novel Hormonal Therapy (NHT) in patients with mCRPC who have already received one NHT.

Key market players are growing into emerging markets as a result of the rising prevalence of CRPC by applying strategies such as diversification of product portfolios. Additionally, companies seek investment as part of a portfolio to accelerate the development of new medications. For example, in June 2020, Cardiff Oncology, Inc., engaged into a securities purchase agreement with Acorn Bioventures & CAM Capital. Onvansertib's development is likely to be accelerated as a result of the collaboration. Some of the biggest players in the castrate-resistant market.

Castrate-resistant Prostate Cancer Market By Key Players

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