Kenya Prostate Cancer Market Analysis

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  • Type: Oncology area
  • Published : June 2021
  • Region: Africa
  • Country: Kenya
  • Report ID : 4851

  • Format: PPT, PDF

Kenya Prostate Cancer Drug Market: Segmented by Therapy Type (Hormonal Therapy, Chemotherapy, Biological Therapy and Others) and Distribution Channels (Hospital Pharmacies, Retail Pharmacies and Online Pharmacies)- Growth, Trends, and Forecasts (2019 – 2028)

 

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Report Overview

The Prostate cancer drugs market size in Kenya stood at USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period

In Kenya, Prostate Cancer is the most common cancer among males with an Age-Standardized Incidence Rate (ASR) of 40.6 per 100,000). Prostate cancer is mostly asymptomatic in the early stages. In 80% of the cases, it is diagnosed after progression to an advanced stage with more aggressive tumours, when the prognosis is poor. According to GLOBOCAN 2020, the number of new cases reported were 3,412 which accounted for 21.9% of all cancer cases among men. Prostate cancer contributes remarkably to the mortality in Africa and is anticipated to continue increasing as a result of urbanization and growth in the population.

Market Drivers

The market is majorly driven by rise in the prevalence of prostate cancer among men in Kenya. Screening remains the key strategy for the reduction of mortality through early detection of prostate cancer among men considered at risk.

An increase in the investment in research for the development of therapeutic products to treat prostate tumours is expected to propel the market growth.

According to the Kenya Demographic Health Survey, the screening rate for prostate cancer is 3%, 4.3% and 2.6% among men aged 15–49 years, 40–44 years and 45–49 years, respectively.

However, despite high mortality occurring in developing countries like Kenya due to prostate cancer, the screening rates are still very low. This has been associated with various barriers including low knowledge, awareness level and negative beliefs. This contributes to restraining growth in the prostate cancer drug market.

1. Kenya Prostate Cancer Drug Market Overview…………………………………….
A. Market Size
2. Market Growth Drivers………………………………………………………………
A. Rise in Prevalence of Prostate Cancer in Kenya
B. Growing R&D Investments and Reimbursement Policies
3. Epidemiology……………………………………………………………………………
A. Prevalence of Prostate Cancer
B. Incidence of Prostate Cancer
4. Prostate Cancer Drug Market Segmentation……………………………………..
A. Therapy Type
I. Biological Therapy
II. Chemotherapy
III. Hormonal Therapy
IV. Others
B. Distribution Channel
I. Hospital Pharmacies
II. Retail Pharmacies
III. Online Pharmacies
5. Prostate Cancer Major Drugs Market Share……………………………………
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………………………
A. Pfizer, Inc. Company overview, Product & Services, Strategies & Financials
B. Johnson & Johnson Company overview, Product & Services, Strategies & Financials
C. F. Hoffmann La-Roche Company, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape……………………………….
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth………………………………………………………
A. New Trends and Development of Prostate Cancer Drug Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Therapy Type:

Kenya prostate cancer drug market has been segmented based on the therapy type. It comprises of biological therapy, chemotherapy, hormone therapy and others.

Hormonal therapy, also called as Androgen Deprivation Therapy (ADT), aims to reduce levels of the male hormone, called androgens that stimulate the growth of cancer. The hormonal therapy includes Luteinizing Hormone-Releasing Hormone (LHRH) agonist, LHRH antagonist, and anti-androgen drugs. Hormone therapy segment dominates the market share and is projected to grow tremendously as it is considered gold standard treatment for prostate cancer.

By Distribution Channel:

On the basis of distribution channel, the market for prostate cancer drugs can be segmented into hospital pharmacies, retail pharmacies, and online pharmacies. The hospital segment is expected to dominate the market throughout the forecast period. As screening remains a much- debated issue in Kenya, prostate cancer is diagnosed at advanced stages of cancer leading to increased hospital admissions and death.

Major Players

The prostate cancer drug market is fragmented in terms of number of players. Key players operating in the market are Johnson & Johnson, Pfizer, Inc., AstraZeneca, Bayer AG, F. Hoffmann La-Roche and Sanofi.

Pfizer, Inc. was the second-largest shareholder and Johnson & Johnson accounted for the third-largest share of the prostate cancer therapeutics market in 2018. Zytiga, manufactured by Janssen Biotech, Inc. (subsidiary of Johnson & Johnson Limited) is the major brand sold for the treatment of prostate cancer.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
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  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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