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Prostate Cancer Diagnostics Market By Test Type (Imaging Tests, Biomarker Tests, Biopsy, Immunohistochemistry, Others); By Cancer Type (Benign Prostatic Hyperplasia, Prostatic Adenocarcinoma, Small Cell Carcinoma, Others); By End-Use (Hospitals, Diagnostic Laboratories, Cancer Research Institutes, Others); By Region – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

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Published: | Report ID: 36791 | Report Format : PDF
Historical Period  2019-2022
Base Year  2023
Forecast Period  2024-2032
Prostate Cancer Diagnostics Market Size 2024  USD 6752.33 Million
Prostate Cancer Diagnostics Market, CAGR  7.01%
Prostate Cancer Diagnostics Market Size 2032  USD 11610.44 Million

Market Overview

The Prostate Cancer Diagnostics Market is projected to witness substantial growth, soaring from USD 6752.33 million in 2024 to USD 11610.44 million by 2032, at a remarkable compound annual growth rate of 7.01%.

The Prostate Cancer Diagnostics Market is being driven by several key factors and trends. Increased awareness campaigns about prostate cancer screening, coupled with advancements in diagnostic technologies such as MRI imaging and liquid biopsy, are fostering early detection rates. Moreover, the growing elderly population, particularly in developed regions, is contributing to higher incidence rates of prostate cancer, further fueling market growth. Additionally, ongoing research and development efforts aimed at enhancing the accuracy and efficiency of diagnostic tests are expected to continue shaping the landscape of prostate cancer diagnostics in the foreseeable future.

Geographical analysis of the Prostate Cancer Diagnostics Market reveals a significant presence across regions, with North America leading the market due to robust healthcare infrastructure and high adoption rates of advanced diagnostic technologies. Europe follows closely, propelled by increasing government initiatives for cancer screening programs. Asia Pacific showcases immense growth potential, driven by rising healthcare expenditure and a growing patient pool. Key players in the market include established companies such as Abbott Laboratories, Siemens Healthineers, and Genomic Health Inc., alongside emerging players like Myriad Genetics and OPKO Health Inc., all competing through strategic partnerships, product innovations, and geographical expansions.

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Market Drivers

Rising Incidence of Prostate Cancer

Prostate cancer stands as one of the most prevalent malignancies affecting men worldwide, showcasing a concerning upward trend in incidence rates. For instance, in the wine bottling process, thermoplastics are commonly used to manufacture the crown of cork stoppers. The production of agglomerated cork stoppers generates a type of waste called cork powder (CoP) in large volumes with known properties but which are still underutilized. At present, although there are many agrocomposites available with additives such as natural fibers or solid residues from agricultural products, there are no studies describing the formation of these agrocomposites from petroleum-derived synthetic plastics combined with cork dust as a reinforcement for the polymeric matrix. A superior mechanical performance compared to the unprocessed polymer was highlighted in the test results, thus evidencing the reinforcing function played by the waste in the polymer matrix. As for cork composites, the granulation of cork for the production of agglomerated cork stoppers uses cork waste (boiled cork) from the cutting stage (up to 90% of the granulated material) or material rejected at the stopper sorting stage. The bi-layered composites showed the lowest density (461 kg/m^3) and thermal conductivity (94.9 mW/m K) values and reasonable compressive strength (0.93 MPa) demonstrating their interesting potential for enhancing the energy efficiency of buildings

Growing Awareness and Risk Assessment

Amidst escalating public awareness regarding prostate cancer and its associated risk factors, men are increasingly inclined towards regular screenings, emphasizing the necessity for accessible and dependable diagnostic methodologies. For instance, a study conducted in Belize found that the majority of men were aware of prostate cancer and had a good knowledge of the disease but a poor perception of prostate cancer screening. Approximately 81% of the respondents indicated that they did not screen for prostate cancer due to fear of the procedure (55%) or fear the doctor might find prostate cancer (56%). In Ethiopia, a study found that male patients have a relatively low level of awareness of prostate cancer risk factors, symptoms, screening, and prevention. The mean scores for awareness of prostate cancer risk factors, symptoms, screening, and prevention were 41.2%, 43.8%, 44.7%, and 49.5%, respectively. In terms of prostate cancer screenings, in 2021, 37.1% of men aged 55-69 years had a PSA test within the past year. However, the number of prostate cancers diagnosed each year declined sharply from 2007 to 2014, coinciding with fewer men being screened because of changes in screening recommendations. Since 2014, however, the incidence rate has increased by 3% per year overall and by about 5% per year for advanced-stage prostate cancer.

Advancements in Diagnostic Technologies

The continuous evolution of diagnostic technologies, such as multi-parametric MRI (mpMRI), prostate-specific antigen (PSA) blood tests, and biomarker detection assays, is revolutionizing detection precision, facilitating earlier diagnoses, and subsequently improving prognoses. For instance, in terms of multi-parametric MRI (mpMRI), a systematic review of 15 studies with 2,293 patients found that by targeting suspicious areas of the prostate, the median rate of significant prostate cancer detection was 33% with mpMRI vs. 24% with biopsy alone. Another study found that the use of artificial intelligence in the detection of primary prostate cancer in mpMRI has shown promising results. Regarding prostate-specific antigen (PSA) blood tests, research has shown around 3 in 4 men with a raised PSA level will not have cancer, and around 1 in 7 men with prostate cancer would have a normal PSA result. Men whose PSA level is between 4.0 ng/mL and 10 ng/mL have a one in four chance of having prostate cancer. When a PSA level is over 10 ng/mL, there is a more than 50 percent chance of having prostate cancer. As for biomarker detection assays, four rapid and non-invasive urinary biomarker tests are currently available for prostate cancer diagnosis. These tests can have high sensitivity (three assays achieving 93% and PCA3 (Progensa) 78%) but they tend to be less specific than tissue biopsies.

Shift Towards Personalized Medicine

The burgeoning trend toward personalized medicine in cancer care is significantly propelling the demand for advanced diagnostic tools capable of pinpointing specific genetic mutations or molecular characteristics unique to prostate cancer. This personalized approach revolutionizes traditional treatment paradigms by enabling tailored therapeutic strategies precisely aligned with individual patient profiles. By identifying the distinct molecular signatures of prostate cancer, clinicians can devise highly targeted interventions, ranging from precision drug therapies to immunotherapies, maximizing treatment efficacy while minimizing adverse effects.

Market Trends

Precision Diagnostics and Biomarkers:

The market is evolving beyond traditional PSA tests, witnessing a surge in demand for advanced biomarker detection methodologies like liquid biopsies and genetic testing. For instance, in terms of precision diagnostics and biomarkers, a study found that the application of multiparametric magnetic resonance imaging (mpMRI) for diagnosis of prostate cancer has been recommended by the European Association of Urology (EAU), National Comprehensive Cancer Network (NCCN), and European Society of Urogenital Radiology (ESUR) guidelines. The review aims to provide an up-to-date summary of chronologically existing diagnostic approaches for prostate cancer, as well as their potential to improve clinically significant prostate cancer (csPCa) diagnosis and to reduce the proliferation and monitoring of prostate cancer. The numbers of true- and false-negative results and true- and false-positive ones were extracted to calculate the corresponding sensitivity and specificity of mpMRI. The sensitivity and specificity for mpMRI were 0.87 [95%CI, 0.81–0.91] and 0.68 [95%CI,0.56–0.79] respectively. Advancements in liquid biopsy technology are further solidifying its position as a reliable tool for prostate cancer diagnosis and monitoring, driving significant traction in the market.

Integration of Multimodal Imaging:

As for the integration of multimodal imaging, a study found that the integration of multimodal data effectively improves the prediction of risk for the progression of prostate cancer to castration-resistant prostate cancer. The AUC of the machine learning (ML) model was 0.755. The best deep learning (DL) model for radiomics and pathomics was the ResNet-50 model, with an AUC of 0.768 and 0.752, respectively. The nomogram graph showed that DL model contributed the most, and the AUC for the combined model was 0.86. These numbers and data points highlight the significant role of precision diagnostics and biomarkers, the surge in demand for advanced biomarker detection methodologies like liquid biopsies and genetic testing, and the adoption of multimodal imaging techniques in the prostate cancer diagnostics landscape.

Market Challenges Analysis

Accuracy Limitations of Current Tests:

Despite advancements, existing diagnostic tools like PSA tests face accuracy limitations. PSA levels can be elevated due to factors other than cancer, leading to unnecessary biopsies and heightened patient anxiety. Overcoming these limitations requires the development of more precise and reliable diagnostic methodologies to ensure accurate prostate cancer detection and minimize false positives.

Overdiagnosis and Unnecessary Treatment:

Inaccurate diagnoses or inconclusive results can result in overdiagnosis of prostate cancer, subjecting patients to unnecessary and potentially harmful treatments such as surgery or radiation, along with associated side effects. Addressing this challenge necessitates the refinement of diagnostic techniques to improve diagnostic accuracy and reduce the likelihood of unnecessary treatments, thereby enhancing patient outcomes and quality of life.

Market Segmentation Analysis:

By Test Type:

The Prostate Cancer Diagnostics Market is segmented by test type into imaging tests, biomarker tests, biopsy, immunohistochemistry, and others. Imaging tests, such as multi-parametric MRI (mpMRI) and PET scans, dominate this segment, offering detailed visualization of the prostate gland and surrounding tissues for accurate cancer detection and staging. Biomarker tests, including prostate-specific antigen (PSA) and genetic marker assays, play a crucial role in identifying specific molecular signatures associated with prostate cancer, aiding in diagnosis and prognosis. Biopsy procedures remain a cornerstone in confirming cancer diagnosis and determining its aggressiveness through tissue analysis. Immunohistochemistry techniques are utilized to detect specific protein markers in biopsy samples, facilitating precise tumor characterization. Additionally, emerging diagnostic technologies and alternative tests fall under the “others” category, contributing to the diverse landscape of prostate cancer diagnostics.

By Cancer Type:

The market segmentation based on cancer type encompasses benign prostatic hyperplasia (BPH), prostatic adenocarcinoma, small cell carcinoma, and other rare prostate malignancies. BPH, a non-cancerous enlargement of the prostate gland, accounts for a significant portion of diagnostic procedures due to overlapping symptoms with prostate cancer, necessitating differential diagnosis. Prostatic adenocarcinoma represents the most common type of prostate cancer, driving substantial demand for diagnostic tests aimed at early detection and treatment planning. Small cell carcinoma and other rare variants pose diagnostic challenges due to their aggressive nature and distinct molecular characteristics, requiring specialized diagnostic approaches for accurate diagnosis and management. Effective segmentation based on cancer type enables tailored diagnostic strategies and personalized treatment plans, optimizing patient outcomes in the diverse landscape of prostate cancer management.


Based on Test Type:

  • Imaging Tests
  • Biomarker Tests
  • Biopsy
  • Immunohistochemistry
  • Others

Based on Cancer Type:

  • Benign Prostatic Hyperplasia
  • Prostatic Adenocarcinoma
  • Small Cell Carcinoma
  • Others

Based on End-Use:

  • Hospitals
  • Diagnostic Laboratories
  • Cancer Research Institutes
  • Others

Based on the Geography:

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • The U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Regional Analysis

North America

North America currently holds the largest market share, accounting for approximately 40% of the global prostate cancer diagnostics market. The region’s advanced healthcare infrastructure, the high incidence of prostate cancer cases, and the presence of major industry players have contributed to its dominant position. The United States, in particular, has been at the forefront of adopting innovative diagnostic techniques, such as advanced imaging modalities and biomarker tests, for the early detection and accurate staging of prostate cancer.


Europe follows closely behind, with a market share of around 30%. Countries like Germany, France, and the United Kingdom have been proactive in implementing comprehensive screening programs and promoting awareness about prostate cancer. The region’s focus on improving patient outcomes, reducing healthcare costs associated with late-stage diagnosis, and the availability of cutting-edge diagnostic tools have fueled market growth. Additionally, the increasing geriatric population and the rising incidence of prostate cancer have further boosted the demand for reliable diagnostic solutions in Europe.

Key Player Analysis

  1. MDx Health
  2. Myriad Genetics, Inc.
  3. Abbott Laboratories
  4. F. Hoffman-La Roche AG
  5. Bayer AG
  6. Siemens Healthcare GmbH
  7. OPKO Health, Inc.
  8. Genomic Health.
  9. Pfizer Inc.
  10. Agilent Technologies

Competitive Analysis

In the competitive landscape of the Prostate Cancer Diagnostics Market, several leading players vie for prominence, each leveraging distinct strengths and strategies to gain market share and drive innovation. MDx Health stands out for its comprehensive molecular diagnostic solutions, offering advanced testing options for prostate cancer detection and management. Myriad Genetics, Inc. boasts a strong portfolio of genetic testing products, including the well-established Prolaris test, enhancing risk assessment and treatment decision-making for patients. Abbott Laboratories, with its diverse healthcare offerings, delivers cutting-edge diagnostic technologies, including the ARCHITECT PSA assay, contributing to early prostate cancer detection. F. Hoffman-La Roche AG and Bayer AG bring extensive expertise in pharmaceuticals and diagnostics, with a focus on developing novel biomarker assays and imaging technologies for prostate cancer diagnosis. Siemens Healthcare GmbH is renowned for its state-of-the-art imaging solutions, facilitating precise visualization and staging of prostate tumors. OPKO Health, Inc. and Genomic Health offer innovative molecular diagnostic tools, such as the 4Kscore test and Oncotype DX Prostate Cancer Assay, respectively, enhancing prognostic accuracy and personalized treatment planning. Pfizer Inc. and Agilent Technologies contribute to the market with their research and development efforts in biomarker discovery and diagnostic assay development, positioning themselves as key players in driving advancements in prostate cancer diagnostics.

Recent Developments

In July 2023, Quest Diagnostics through its subspecialty pathology business, has developed a new prostate cancer biomarker test, AmeriPath. The company collaborated with Envision Sciences Pty Ltd, an Australian clinical diagnostics company.

In August 2023, The U.S. Food and Drug Administration (FDA) approved FoundationOneCDx to serve as a companion diagnostic for Janssen’s AKEEGA (abiraterone acetate Dual Action Tablet and niraparib). This approval is specifically for patients with BRCA-positive metastatic castration-resistant prostate cancer.

In September 2023, MDxHealth SA collaborated with the University of Oxford. The collaboration aims to explore the correlation between the Genomic Prostate Score (GPS) test and the progression of prostate cancer post-treatment for localized prostate cancer.

Market Concentration & Characteristics

The Prostate Cancer Diagnostics Market exhibits a notable degree of market concentration characterized by the dominance of key players offering a diverse array of diagnostic solutions. These leading companies command significant market share through their extensive product portfolios, technological expertise, and strategic partnerships. The market is characterized by continuous innovation, with companies investing heavily in research and development to introduce advanced diagnostic tools and technologies aimed at enhancing accuracy, efficiency, and patient outcomes. Additionally, regulatory factors and reimbursement policies play a crucial role in shaping market dynamics, influencing product adoption and market penetration. Despite the competitive landscape, collaboration and consolidation among industry players are common, facilitating the exchange of knowledge, resources, and capabilities to address evolving market needs effectively. Overall, the Prostate Cancer Diagnostics Market remains dynamic and competitive, driven by a relentless pursuit of excellence in diagnostic capabilities and patient care.

Report Coverage

The research report offers an in-depth analysis based on Test Type, Cancer Type, End-Use, and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

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Future Outlook

  1. Continued Growth: The Prostate Cancer Diagnostics Market is projected to witness sustained growth driven by rising incidence rates and advancements in diagnostic technologies.
  2. Enhanced Accuracy: Future developments will focus on improving the accuracy and specificity of diagnostic tests to enable early and precise detection of prostate cancer.
  3. Personalized Medicine: The trend towards personalized medicine will drive the demand for diagnostic tools capable of identifying specific genetic mutations and molecular characteristics of prostate cancer.
  4. Integration of AI: Artificial intelligence (AI) will play an increasingly significant role in prostate cancer diagnostics, enhancing detection accuracy and aiding in risk assessment.
  5. Minimally Invasive Techniques: There will be a growing emphasis on the development of minimally invasive diagnostic procedures to improve patient comfort and encourage greater participation in screening programs.
  6. Biomarker Discovery: Ongoing research efforts will lead to the discovery of novel biomarkers for prostate cancer diagnosis, facilitating more accurate and reliable testing options.
  7. Point-of-Care Testing: There will be a rise in the adoption of point-of-care testing for prostate cancer, offering rapid results and streamlining diagnosis and treatment decision-making.
  8. Telemedicine Solutions: The integration of telemedicine solutions will enable remote consultations and monitoring, enhancing accessibility to diagnostic services, particularly in underserved areas.
  9. Regulatory Landscape: Regulatory bodies will continue to play a crucial role in shaping the market, with the introduction of new guidelines and standards to ensure the safety and efficacy of diagnostic tests.
  10. Patient Education: Increasing focus on patient education and awareness campaigns will empower individuals to make informed decisions about prostate cancer screening and treatment options, driving early detection and better outcomes.

1. Introduction
1.1. Report Description
1.2. Purpose of the Report
1.3. USP & Key Offerings
1.4. Key Benefits for Stakeholders
1.5. Target Audience
1.6. Report Scope
1.7. Regional Scope
2. Scope and Methodology
2.1. Objectives of the Study
2.2. Stakeholders
2.3. Data Sources
2.3.1. Primary Sources
2.3.2. Secondary Sources
2.4. Market Estimation
2.4.1. Bottom-Up Approach
2.4.2. Top-Down Approach
2.5. Forecasting Methodology
3. Executive Summary
4. Introduction
4.1. Overview
4.2. Key Industry Trends
5. Prostate Cancer Diagnostics Market
5.1. Market Overview
5.2. Market Performance
5.3. Impact of COVID-19
5.4. Market Forecast
6. Market Breakup by Test Type
6.1. Imaging Tests
6.1.1. Market Trends
6.1.2. Market Forecast
6.1.3. Revenue Share
6.1.4. Revenue Growth Opportunity
6.2. Biomarker Tests
6.2.1. Market Trends
6.2.2. Market Forecast
6.2.3. Revenue Share
6.2.4. Revenue Growth Opportunity
6.3. Biopsy
6.3.1. Market Trends
6.3.2. Market Forecast
6.3.3. Revenue Share
6.3.4. Revenue Growth Opportunity
6.4. Immunohistochemistry
6.4.1. Market Trends
6.4.2. Market Forecast
6.4.3. Revenue Share
6.4.4. Revenue Growth Opportunity
6.5. Others
6.5.1. Market Trends
6.5.2. Market Forecast
6.5.3. Revenue Share
6.5.4. Revenue Growth Opportunity
7. Market Breakup by Cancer Type
7.1. Benign Prostatic Hyperplasia
7.1.1. Market Trends
7.1.2. Market Forecast
7.1.3. Revenue Share
7.1.4. Revenue Growth Opportunity
7.2. Prostatic Adenocarcinoma
7.2.1. Market Trends
7.2.2. Market Forecast
7.2.3. Revenue Share
7.2.4. Revenue Growth Opportunity
7.3. Small Cell Carcinoma
7.3.1. Market Trends
7.3.2. Market Forecast
7.3.3. Revenue Share
7.3.4. Revenue Growth Opportunity
7.4. Others
7.4.1. Market Trends
7.4.2. Market Forecast
7.4.3. Revenue Share
7.4.4. Revenue Growth Opportunity
8. Market Breakup by End-Use
8.1. Hospitals
8.1.1. Market Trends
8.1.2. Market Forecast
8.1.3. Revenue Share
8.1.4. Revenue Growth Opportunity
8.2. Diagnostic Laboratories
8.2.1. Market Trends
8.2.2. Market Forecast
8.2.3. Revenue Share
8.2.4. Revenue Growth Opportunity
8.3. Cancer Research Institutes
8.3.1. Market Trends
8.3.2. Market Forecast
8.3.3. Revenue Share
8.3.4. Revenue Growth Opportunity
8.4. Others
8.4.1. Market Trends
8.4.2. Market Forecast
8.4.3. Revenue Share
8.4.4. Revenue Growth Opportunity
9. Market Breakup by Region
9.1. North America
9.1.1. United States Market Trends Market Forecast
9.1.2. Canada Market Trends Market Forecast
9.2. Asia-Pacific
9.2.1. China
9.2.2. Japan
9.2.3. India
9.2.4. South Korea
9.2.5. Australia
9.2.6. Indonesia
9.2.7. Others
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. United Kingdom
9.3.4. Italy
9.3.5. Spain
9.3.6. Russia
9.3.7. Others
9.4. Latin America
9.4.1. Brazil
9.4.2. Mexico
9.4.3. Others
9.5. Middle East and Africa
9.5.1. Market Trends
9.5.2. Market Breakup by Country
9.5.3. Market Forecast
10. SWOT Analysis
10.1. Overview
10.2. Strengths
10.3. Weaknesses
10.4. Opportunities
10.5. Threats
11. Value Chain Analysis
12. Porters Five Forces Analysis
12.1. Overview
12.2. Bargaining Power of Buyers
12.3. Bargaining Power of Suppliers
12.4. Degree of Competition
12.5. Threat of New Entrants
12.6. Threat of Substitutes
13. Price Analysis
14. Competitive Landscape
14.1. Market Structure
14.2. Key Players
14.3. Profiles of Key Players
14.3.1. MDx Health Company Overview Product Portfolio Financials SWOT Analysis
14.3.2. Myriad Genetics, Inc.
14.3.3. Abbott Laboratories
14.3.4. F. Hoffman-La Roche AG
14.3.5. Bayer AG
14.3.6. Siemens Healthcare GmbH
14.3.7. OPKO Health, Inc.
14.3.8. Genomic Health.
14.3.9. Pfizer Inc.
14.3.10. Agilent Technologies
15. Research Methodology

Frequently Asked Questions:

What is the current size of the Prostate Cancer Diagnostics Market?

The Prostate Cancer Diagnostics Market is projected to grow from USD 6752.33 million in 2024 to USD 11610.44 million by 2032.

What factors are driving the growth of the Prostate Cancer Diagnostics Market?

Key factors include rising incidence rates of prostate cancer, increased awareness and regular screenings, advancements in diagnostic technologies like MRI and liquid biopsies, and a shift towards personalized medicine.

What are the key segments within the Prostate Cancer Diagnostics Market?

The market is segmented by test type (imaging tests, biomarker tests, biopsy, immunohistochemistry, and others), and by cancer type (benign prostatic hyperplasia, prostatic adenocarcinoma, small cell carcinoma, and others).

What are some challenges faced by the Prostate Cancer Diagnostics Market?

Challenges include accuracy limitations of current tests leading to unnecessary treatments, the potential for overdiagnosis, and the need for more precise and reliable diagnostic methodologies.

Who are the major players in the Prostate Cancer Diagnostics Market?

Major players include MDx Health, Myriad Genetics, Inc., Abbott Laboratories, F. Hoffman-La Roche AG, Bayer AG, Siemens Healthcare GmbH, OPKO Health, Inc., Genomic Health, Pfizer Inc., and Agilent Technologies.

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