Global Prostate Specific Antigen (PSA) Testing Market Forecast:
The Global Prostate Specific Antigen (PSA) Testing Market size was at US$ 3.1 Billion in 2021, and it is predicted that it will reach a valuation of US$ 5.88 Billion by the end of 2030 with an annual development rate (CAGR) of 11% between 2022 and 2030.
Global Prostate Specific Antigen (PSA) Testing Market: Introduction
A PSA test is a blood test primarily used to screen for prostate cancer. Your blood is examined for prostate-specific antigen during the test (PSA). Both malignant and non-cancerous cells in the prostate, a tiny gland located behind the bladder in men, produce a protein known as PSA. Since it is mostly prevalent in semen, it can also be detected in the prostate. In the body's blood, PSA is typically found in trace amounts. If the PSA level is elevated, a PSA test might be helpful to identify prostate cancer. Other problems, such an enlarged or inflammatory prostate, can also raise PSA readings. As a result, it can be difficult to interpret a high PSA score.
Generally, men have low PSA levels. If the PSA level is high, it is a sign of noncancerous prostate condition or prostate cancer. The noncancerous prostate condition can be an infection or sign of prostate hyperplasia, which can be treated with antibiotics.
Prostate Specific Antigen (PSA) Testing Market: Segmentation Analysis
Prostate Specific Antigen (PSA) Testing Market by test procedure
- Preliminary Tests
- Confirmatory Tests
Due to an increment in the recurrence of prostate cancer, the Preliminary Tests segment is probably going to hold the largest market share. The American Institute for Cancer Research asserts that the far and wide accessibility of PSA screening has helped early recognition and therapy, bringing about higher endurance rates. PSA testing are reliable to identify the undetected and small lesions that could possibly advance to a further developed phase of disease. Most men beyond 50 years old, as well as those belonging to the risk group should go for these tests since it can help diagnosing the illness before genuine side effects emerge.
Prostate Specific Antigen (PSA) Testing Market by test type:
- Total Prostate Specific Angiten Test (tPSA)
- Complex Prostate Specific Antigen Test (cPSA)
- Free Prostate Specific Antigen Test (fPSA)
- Prostate Specific Antigen Reverse Transcription Polymerase Chain Reaction Test (PSA RT-PCR)
- PCA3Test
- Trans-rectal Ultrasound
- Biopsy
Among these, the biopsy segment is anticipated to grow significantly over the forecast period owing to rising prevalence of cancer across the globe.
Prostate Specific Antigen (PSA) Testing Market by assays type:
- Radioimmunoassay (RIA)
- Enzyme immunoassay (EIA)
Prostate Specific Antigen (PSA) Testing Market by application:
- Screening
- Post-treatment monitoring
- Others
Among these, post treatment monitoring segment is anticipated to gain traction over the forecast duration due to rising concerns about the after effect of medical treatment procedures like surgeries.
Prostate Specific Antigen (PSA) Testing Market: Geographical ambit
In term of geography, the worldwide market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among the areas, North America is anticipated to dominate the market and is probably going to be firmly trailed by Europe as prostate cancer is the most common type of cancer found in men in these regions.
The ensuing high death rate in various developed countries and rising frequency of prostate cancer in this area are the elements are positively swaying the dynamics of Prostate Specific Antigen (PSA) Testing Market during the forecast duration. Likewise, rising government initiatives aiming at the quick diagnosis of prostate cancer among the masses and advancement in medical services are accounted to support the progression of Prostate Specific Antigen (PSA) Testing Market in the region.
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Global Prostate Specific Antigen (PSA) Testing Market: Covid-19 Impact
With rapid surge in the COVID 19 crisis, manufacturers have been rapidly changing their business policies and formulating efficient strategies to meet the demand based on the market. Since the virus has spread all over the world, people have been emphasizing on boosting their immunity. There has been a rise in demand for the PSA test since it is considered to be a precautionary measure for early detection of prostate cancer.
Since it is not life-threatening, it may take a back seat as the medical world has been dealing with the emergencies caused by COVID.
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Frequently Asked Questions (FAQ):
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