Prostate Cancer Diagnosis Is Becoming a Vital Task for Medical Institutions
The PCA3 and PSA test categories in the prostate cancer diagnostics market might be regarded the most important because they both have the largest market potential. In 2017, the PSA segment is expected to be worth little over US$ 270 million, and it is expected to increase at a high CAGR from 2017 to 2022. The PCA3 segment, on the other hand, is expected to reach almost US$ 284 million by the end of the projected year.
North America is the most populous region for both sectors, accounting for about 2/5th of the market for prostate cancer diagnostics. Because of the region's large senior population and high cancer prevalence, demand for prostate cancer diagnostics is expected to stay robust during the projected period
Prostate cancer diagnosis is becoming a vital task for medical institutions. Newer prostate cancer treatments are being created by taking into account the diagnostic approach's scope. The emergence of prostate cancer diagnosis-associated treatments is projected to increase medical efficiency, resulting in effective outputs with little healthcare cost. Medical organisations are scanning critical variables related with prostate cancer diagnosis all the time, keeping note of things like the patient's age, race, family medical history, and nutrition.
According to a new analysis published by MarketNgage, the trusted platform for Healthcare market research report subscription, the worldwide prostate cancer diagnostics market is expected to grow at a stable rate of 5.3% CAGR from 2017 to 2022. In terms of revenue, the market is expected to reach US$ 823.5 million in 2017, and this figure is expected to exceed US$ 1,000 million by 2022.
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