Prostate Cancer Antigen 3 (PCA3) Test Market to Observe Prominent Growth of 7.64 Billion By 2029, Size, Share, Trends, Demand, Growth, Challenges and Competitive Outlook

PRESS RELEASE
Published November 1, 2023

The steadfast Prostate Cancer Antigen 3 (PCA3) Test market report is proficient and comprehensive and focuses on primary and secondary market drivers, market share, leading segments, and geographical analysis. In this era of globalization, many businesses call for global market research to support decision-making. This market research report analyses key factors of the market that give precise and accurate data and information about the industry which is useful for the business. Prostate Cancer Antigen 3 (PCA3) Test report covers many business strategies such as new product launches, expansions, agreements, partnerships, joint ventures, acquisitions, and others that help to amplify their footprints in the market.

The large-scale Prostate Cancer Antigen 3 (PCA3) Test market report includes a systematic investigation of the current scenario of the market, which covers several market dynamics. The company profiles of all the chief and dominating market players and brands who are taking steps such as product launches, joint ventures, mergers, and acquisitions are mentioned in the report. This market document offers a profound overview of product specification, technology, product type, and production analysis by taking into account the most important factors such as revenue, cost, and gross margin. Company profiles covered in the world-class Prostate Cancer Antigen 3 (PCA3) Test report can be quite useful for making any revenue, import, export, and consumption-related decisions for the business.

Data Bridge Market Research analyses that the prostate cancer antigen 3 (PCA3) test market which was USD 3.2 billion in 2021, is expected to reach USD 7.64 billion by 2029, at a CAGR of 11.50% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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The prostate cancer antigen 3 (PCA3) test looks for genetic material (messenger RNA (mRNA)) produced exclusively by the prostate. In normal prostate tissue, the protein PCA3 and its associated mRNA are present at low levels. PCA3 is found in high concentrations (overexpressed) in approximately 90% of prostate cancers. Prostate specific antigen (PSA) is also increased in prostate cancers, but it can also be increased in a variety of benign conditions. This test detects PCA3 mRNA and PSA mRNA in the first urine sample obtained after a digital rectal exam (DRE). The PCA3 score is reported by laboratories and is based on the ratio of PCA3 mRNA to PSA mRNA.

Key Growth Drivers:

  • Surging demand for early and precise diagnosis of prostate cancer 

An increase in PSA levels raises the risk of prostate cancer. PSA concentrations in the blood are measured in nanograms per millilitre (ng/mL). There is no clear cut-off point for determining whether a man has prostate cancer or not. Many doctors use a PSA cut-off of 4 ng/mL or higher when determining whether a man requires further testing, while others may be starting at a lower level, such as 2.5 or 3. As a result, measuring PSA levels in a man’s blood can help detect prostate cancer early. These are the certain factors which propel the growth of the market.

  • Increasing demand for positron emission tomography

Positron emission tomography is increasingly being used as a diagnostic tool because it is more accurate than other diagnostic techniques. The accuracy of diagnosis has a direct impact on decision-making and treatment monitoring processes. Increasing demand for these diagnostic procedures is expected to drive the growth of the prostate cancer antigen 3 (PCA3) test market during the forecast period.

The report outlines the involvement of key players, including:

  • MDxHealth (Belgium)
  • Myriad Genetics, Inc. (U.S.)
  • Abbott (U.S.)
  • F. Hoffmann-La Roche Ltd (Switzerland)
  • Siemens (Germany)
  • OPKO Health, Inc. (U.S.)
  • Genomic Health (U.S.)
  • BD (U.S.)
  • Agilent Technologies, Inc. (U.S.)
  • Danaher (U.S.)

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Key Market Segmentation

Type of Test (Instruments, Kits and Reagent and Consumables), Test Type (Molecular, Serology), Technology (RT-PCR, ELISA Test, Micro-neutralization Assays), End Use (Hospitals, Clinics, Public Health Labs, Private or Commercial Labs, Physician Labs, Research Institutes, Others)

The Prostate Cancer Antigen 3 (PCA3) Test market report includes the following countries in different regions:

The regions mentioned above encompass a comprehensive coverage of key markets, offering a global perspective on the market landscape. Here’s an overview of the regions and the countries they include:

  1. North America: United States, Canada, and Mexico.
  2. Europe: Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and other European countries.
  3. Asia-Pacific (APAC): China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and other Asia-Pacific countries.
  4. Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates (U.A.E), South Africa, Egypt, Israel, and other countries in the Middle East and Africa region.
  5. South America: Brazil, Argentina, and other countries in South America.

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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