The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global prostate cancer diagnostics market is expected to grow from $3.37 billion in 2022 to $3.86 billion in 2023 at a compound annual growth rate (CAGR) of 14.3%. The size of prostate cancer diagnostics market is expected to reach $6.31 billion in 2027 at a CAGR of 13.1%.

North America held the largest prostate cancer diagnostics market share, and Asia-Pacific was the fastest-growing region in 2022.

Prostate Cancer Diagnostics Market Driver
The increasing incidence of prostate cancer is set to drive the growth of the prostate cancer diagnostics market. Prostate cancer originates in the prostate gland, a component of the reproductive systems in both males and females. Prostate cancer diagnostics play a crucial role in early detection through tests like prostate-specific antigen (PSA) testing and advanced imaging techniques. For instance, data from the Global Cancer Observatory in December 2020 indicated that prostate cancer is expected to affect 1,414,259 individuals globally, accounting for approximately 7.3% of all cancer cases. Additionally, the number of deaths related to prostate cancer reached 375,304, representing 3.8% of total cancer-related deaths. Therefore, the increasing prevalence of prostate cancer fuels the growth of the prostate cancer diagnostics market.

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Prominent Prostate Cancer Diagnostics Market Trend
Technological advancements are a prominent trend in the prostate cancer diagnostics market. Leading companies are introducing innovative AI-based diagnostic tools to maintain their market presence. For example, in March 2023, Qritive, a Singapore-based diagnostic tool developer, unveiled QAi Prostate, an advanced AI-driven prostate cancer diagnostic tool for pathologists. Equipped with cutting-edge machine learning algorithms, it identifies prostatic adenocarcinoma regions and analyzes whole slide images of prostate core needle biopsies. This tool accelerates accurate diagnoses and reduces treatment time.

Prostate Cancer Diagnostics Market Prominent Players
Major players in the prostate cancer diagnostics market are F. Hoffman-La Roche AG, Bayer AG, Thermo Fisher Scientific Inc., Abbott Laboratories Inc., Siemens Healthineers AG, Becton Dickinson and Company, Agilent Technologies Inc., Hologic Inc, Biomerieux SA, Beckman Coulter Inc., Qiagen N.V., EXACT Sciences Corporation, Diasorin S.P.A., OPKO Health Inc., Myriad Genetics Inc., Cepheid Inc, NeoGenomics Laboratories Inc., Guardant Health Inc, GRAIL Inc, Fujirebio Diagnostics Inc., Ambry Genetics Corporation, MDxHealth SA, Biocept Inc., Blue Earth Therapeutics Ltd, Exosome Diagnostics Inc., Eurolyser Diagnostica GmbH, Dana-Farber Cancer Institute, Vyant Bio Inc., Cellanyx Diagnostics Inc., and A3P Biomedical AB.

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Key Prostate Cancer Diagnostics Market Segments
The global prostate cancer diagnostics market is segmented –
1) By Products: Instruments, Reagents And Consumables, Accessories
2) By Test Type: Preliminary Tests, Confirmatory Tests
3) By Prostate Cancer: Squamous Cell Cancer, Small Cell Carcinoma, Transitional Cell Cancer, Prostatic Adenocarcinoma, Ductal Adenocarcinoma, Small Cell Prostate Cancer, Acinar Adenocarcinoma
4) By Peer Groups: Adult, Pediatric, Geriatrics
5) By End User: Hospitals, Independent Diagnostic Laboratories, Cancer Research Institutes, Other End-Users

The Prostate Cancer Diagnostics Global Market Report 2023  provides a comprehensive overview on the prostate cancer diagnostics market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the prostate cancer diagnostics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Cancer Diagnostics Global Market Report 2023
Cervical Cancer Diagnostics Global Market Report 2023
Skin Cancer Diagnostics Global Market Report 2023

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