By the year 2020, the prostate cancer drugs market is projected to reach nearly two folds from the current market due to the introduction of new as well as expensive drugs.
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What is a Prostate Cancer?
Prostate cancer is an evolution of cancer in the prostate, a gland present in the male reproductive system which exists directly under the bladder in front of the rectum. The cancer cells may extend from the prostate to the other parts of the body, i.e. the lymph nodes and the bones. Soon after next levels of cancer, it can cause blood in the urine, trouble in urination, etc. Family history, race and Old age are the factors that add to the risk of prostate cancer. The prostate creates the liquid that sustains sperm on their excursion to combine with a female ovum, or egg, and deliver human life. The prostate powers and gets these liquids out in sexual climax.
By the year 2020, the prostate cancer drugs market is projected to reach nearly two folds from the current market due to the introduction of new as well as expensive drugs. Therapeutics companies have long expected successfully launching new drugs to drive the market. This pressure is only likely to enhance. Product channels are decreasing and patents are expiring. Severity measures in numerous nations are growing national and local challenges for market access. At once launches of drugs are becoming more competitive, more numerous, and as well as smaller.
Still, their current track record is sobering at best. Around two-thirds of new drugs fall short to meet prelaunch accord sales prospects for their first year on the market, and those that fails usually continue to under deliver for the coming years. Each launch of the drugs has its own set of triumph.
Approximately one in four launches engage drugs that are strongly differentiated from competing products and treat diseases with a high perceived burden. Examples like Zytiga, Johnson & Johnson’s drugs for prostate-cancer treatment. These drugs launches run a significant risk of companies believing that the product’s high quality guarantees high sales volume.
Italian study asserts
A new Italian study asserts that drinking three or more cups of caffeinated coffee a day may diminish the risk of prostate cancer about 50 percent. It also sheds light on the role of coffee prepared the Italian, and specifically caffeine, in relation to prostate cancer. Italians prepare their coffee thoroughly, with very high water temperature, under high pressure, and without filters.
Global Prostate cancer drugs in the market
The introduction of premium priced therapies for the cure of prostate cancer. Renub Research predicts that the launch of drugs for the treatment of localized prostate cancer and castration-resistant prostate cancer (CRPC). Xtandi, Gonax, Zytiga, Lupron and Taxotere etc drugs are helpful in the treatment of hormone sensitive’s prostate cancer. Decapeptyl, Taxotere, Jevtana and Provenge are some other popular prostate cancer drugs in the market globally.
Key Segments Outlook
By therapy type, the market has been classified into chemotherapy, hormone therapy targeted therapy and Immuno therapy. The market segments have been analyzed based on cost-effectiveness, accessible approved products, and inclination from oncologists for treating the prostate cancer with numerous drugs. The market size and forecast for each of these segments have been provided for the period from 2015 to 2020.
By distribution channels, the global prostate cancer therapeutics market has been classified into retail pharmacy, online sales, hospital pharmacy and others. The market segments have been comprehensively analyzed on rising in demand for disease treatment among prostate cancer patients. Hospital pharmacy drives the market share due to increased patient hospitalizations for the treatment of prostate cancer.
The growing diseased population and a revolutionary healthcare infrastructure will support the expansion of the prostate cancer therapeutics market in North America and Europe. Apart from that Asia Pacific is likely to emerge as the promising market.
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