South Korea Prostate Cancer Therapeutics Market Analysis

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  • Type: Oncology area
  • Published : June 2021
  • Region: Asia
  • Country: South Korea
  • Report ID : 4961

  • Format: PPT, PDF

South Korea Prostate Cancer Therapeutics Market: Segmented By Diagnosis (Tissue Biopsy, Transrectal Ultrasound, Prostate Specific Antigen Testing, Urine Test, Diagnostic Imaging) and By Treatment (Surgery, Radiation Therapy, Hormone Therapy, Chemotherapy, Other Treatments) – Growth, Trends and Forecasts (2020 – 2028)

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Report Overview

The South Korea prostate cancer therapeutics market size stood at around USD xx billion in 2020 and is projected to reach xx billion by 2028, exhibiting a CAGR of around xx% during the forecast period.

Prostate cancer is the second most common cancer in men worldwide, and in South Korea it has 7th highest incidence rate of all cancer sites. Although there is a tendency to recognize that prostate cancer as a mild cancer, special attention is required due to the high rate of progression and malignancy of prostate cancer occurring in Korea compared to Western prostate cancer. Early detection and aggressive treatment have improved the overall survival rate of prostate cancer, but some of them lead to metastatic prostate cancer.

 

Market Drivers

In Korea, the incidence of prostate cancer has increased significantly due to the westernization of diet and the aging of the population. The incidence of prostate cancer increased by 32% in 10 years from 52 per 100,000 in 2006 to 68.6 in 2015. The number of prostate cancer patients reported in Korea in 2020 were 13,873. The 5-year prevalence rate was reported to be 162.45 per 100,000 in GLOBOCAN report for year 2020. Incessantly increasing burden of the disease is a primary factor propelling the market drive.

The prostate cancer market has a huge demand for new and novel drugs that address unmet needs such as improved survival time, less toxicity, increased progression free survival, increased effectiveness, and lower cost.

 

 

 

 

1. South Korea Prostate Cancer Therapeutics Market Overview………………
A. Market Size
2. Market Growth Drivers……………………………………………….
A. High Prevalence Rate of Prostate Cancer
B. Aging Population
3. Types Of Prostate Cancer……………………………………….
A. Benign Prostatic Hyperplasia
B. Prostatic Adenocarcinoma
C. Small Cell Carcinoma
D. Other Types
4. Prostate Cancer Therapeutics Market Segmentation………………
A. Diagnosis
I. Tissue Biopsy
II. Transrectal Ultrasound
III. Prostate Specific Antigen Testing
IV. Urine Test
V. Diagnostic Imaging
B. Treatment
I. Surgery
II. Radiation Therapy
III. Hormone Therapy
IV. Chemotherapy
V. Other Treatments
5. Prostate Cancer Therapeutics 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. Astellas Pharmaceutical Company Overview, Product & Services, Strategies & Financials
B. Sanofi Company Overview, Product & Services, Strategies & Financials
C. Janssen Biotech Company Overview, 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 Therapeutics Market
B. Future Opportunities
10. Conclusion

 

Market Segmentation

By Diagnosis:

According to the type of diagnostic technique used in treating pancreatic cancers, market is segmented into tissue biopsy, transrectal ultrasound, prostate specific antigen testing, urine test, diagnostic imaging.

Although prostate cancer is one of the most common cancer form in men, diagnostic accuracy in blood tests is surprisingly low at around 30%. Because of this, additional invasive and painful biopsies are needed to confirm. In 2020, a team of researchers at the Korea Institute of Science and Technology developed a new urine testing technique that provides results in just twenty minutes with nearly 100% accuracy.

By Treatment:

According to treatment, market is segmented into surgery, radiation therapy, hormone therapy, chemotherapy, other treatments.

Recently, PSMA-targeted therapy for patients with castration-resistant prostate cancer has been attracting attention. The principle of PSMA targeted therapy is to selectively remove cancer cells by using radioactive isotopes that target them. Seoul National University Hospital has recently started commercializing the PSMA-targeted diagnostic agent ‘PSMA-NGUL’ and the treatment agent ‘PSMA-DGUL’ together with the bio venture company Cellbion.

 

Top Players

Affluent companies in the market are Sanofi Korea, Astellas Pharmaceuticals, Janssen Biotech, AstraZeneca, Roche, Bayer, Novartis, and Others.

‘Xtandi’ by Astellas Pharmaceuticals Korea dominates the domestic prostate cancer treatment market and is showing steady growth in terms of sale. ‘Jevtana’ by Sanofi and ‘Zytiga’ by Janssen Biotech are other commonly used drugs for prostate cancer in South Korea. In May 2018, Jevtana was applied as a second-line treatment for metastatic castration-resistant prostate cancer after chemotherapy including docetaxel. ‘Zytiga’ by Janssen Biotech is expanding its treatment area not only for metastatic castration-resistant prostate cancer, but also hormone-responsive high-risk metastatic 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
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • 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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