Metastatic Prostate Cancer Market is Driven by Rising Incidence of Prostate Cancer
Prostate cancer is a common type of cancer that occurs in the prostate gland of males. Metastatic prostate cancer occurs when the cancer spreads from the prostate to other parts of the body such as the lymph nodes, bones or other organs. The increasing occurrence of prostate cancer cases globally is a major factor driving the demand for effective metastatic prostate cancer treatment. Metastatic prostate cancer treatment focuses on slowing the progression of the disease and palliative care to relieve symptoms and improve the quality of life. The major treatment types available include chemotherapy, radiation therapy, hormone therapy, immunotherapy, cryosurgery and surgery.
The Global Metastatic Prostate Cancer Market is estimated to be valued at USD 11.80 Bn in 2024 and is expected to reach USD 21.03 Bn by 2031, growing at a compound annual growth rate (CAGR) of 8.23% from 2024 to 2031.
The increasing prevalence of prostate cancer globally is driving the Metastatic Prostate Cancer Market Demand for effective treatment. According to the World Cancer Research Fund International, about 1.3 million new cases of prostate cancer were reported in 2020 worldwide. Additionally, the rising awareness about the disease and available treatment options is also boosting the market growth.
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