CASTRATE RESISTANT PROSTATE CANCER MARKET ANALYSIS

Market Concentration and Competitive Landscape

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New product launches

The global castrate resistant prostate cancer market is witnessing strong growth driven by continuous product launches in the recent past years. New therapeutic options are offering hopes to prostate cancer patients who no longer respond to conventional hormone therapies. In last two years, three new drugs have been approved by FDA which has expanded the treatment landscape for metastatic castrate resistant prostate cancer (mCRPC) patients. In April 2020, FDA approved novel immunotherapy drug 'Pembrolizumab' in combination with enzalutamide or abiraterone for mCRPC patients. This was a major breakthrough as it provide an immune based treatment option. In May 2021, FDA granted regular approval to 'Apalutamide' for mCRPC patients who are also undergoing androgen deprivation therapy. This is a second generation oral anti-androgen drug and offers potential benefits over existing anti-androgen therapy.More recently in December 2021, FDA approved 'Larotrectinib' for adult and pediatric patients with solid tumors that have a NTRK gene fusion without a known acquired resistance mutation. This drug offers hope to mCRPC patients whose cancer has certain NTRK gene alterations. According to American Cancer Society's Cancer Facts & Figures 2023 report, such targeted therapies play a significant role in improving survival for many cancer types including prostate cancer in recent years. These continuous new product approvals are fueling strong growth in global castrate resistant prostate cancer market.