Prostate Cancer Diagnostics Market Depth Study, Analysis, Key Drivers, Top Players, Trends and Forecast 2030

 

Global Prostate Cancer Diagnostics Market Overview
The global prostate cancer diagnostics market is witnessing robust expansion and is projected to register a compound annual growth rate of approximately 12% during the forecast period. This growth is primarily attributed to the increasing prevalence of prostate cancer worldwide, continuous advancements in diagnostic technologies, rising adoption of artificial intelligence–enabled platforms in imaging and liquid biopsy testing, and growing investments in research and development focused on non-invasive diagnostic solutions.

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Despite strong growth prospects, the market faces challenges such as the high cost of advanced diagnostic procedures and the requirement for sophisticated laboratory infrastructure, which can limit adoption in cost-sensitive and low-resource settings.
Prostate cancer is one of the most commonly diagnosed cancers among men and remains a leading cause of cancer-related mortality globally. The disease predominantly affects elderly men, particularly those aged above 60 years, who are at a higher risk due to age-related physiological changes. Symptoms often include urinary difficulties such as frequent urination and blood in urine, while advanced stages may involve bone complications leading to pain and reduced mobility. Since early-stage prostate cancer is often asymptomatic, routine screening plays a critical role in early diagnosis, especially among individuals with a family history or genetic susceptibility, thereby improving treatment outcomes and survival rates.

Rising Cancer Burden and Demand for Reliable Diagnostic Solutions
The growing global burden of prostate cancer is a significant factor driving demand for advanced diagnostic tools. Data published by the National Centre for Biotechnology Information indicate a sharp rise in prostate cancer incidence, increasing from 6.3 to 83.4 cases per 100,000 individuals over time. Aging remains the most significant risk factor, as the disease is most prevalent among men aged 60 years and above. With increasing life expectancy and lifestyle changes such as reduced physical activity and dietary shifts, the incidence of prostate cancer is expected to continue rising in the coming years.
According to reports from the World Health Organization, approximately 1.5 million prostate cancer cases were recorded globally in 2023, accounting for nearly 7.3% of all reported cancer cases worldwide. Prostate cancer ranks among the most common cancers, following lung, breast, and colorectal cancer. This steady rise in patient numbers has amplified the need for accurate, early, and reliable diagnostic methods to enable timely intervention and effective disease management, thereby accelerating market growth.

Technological Advancements Transforming Prostate Cancer Diagnosis
Prostate-specific antigen testing has long been considered the standard screening method for prostate cancer. However, limitations such as false positives and its inability to distinguish between aggressive and slow-growing tumors have prompted the development of more advanced diagnostic technologies. As a result, healthcare providers are increasingly adopting multi-parametric magnetic resonance imaging, genomic assays, and liquid biopsy techniques that offer higher accuracy and better risk stratification.
Advanced diagnostic tools help clinicians differentiate indolent tumors from aggressive forms of cancer, allowing for personalized treatment planning and improved patient outcomes. These innovations have enhanced early detection rates, reduced unnecessary biopsies, and supported more precise therapeutic decisions. Continuous technological progress in molecular imaging, biomarker detection, and data analytics is significantly reshaping the prostate cancer diagnostics landscape.
Recent developments highlight this technological momentum. In December 2024, Siemens Healthineers strengthened its molecular imaging portfolio by acquiring Advanced Accelerator Applications from Novartis, enhancing its capabilities in prostate-specific membrane antigen–targeted positron emission tomography imaging. In October 2024, the Prostate Cancer Foundation of Australia partnered with the Australian and New Zealand Urogenital and Prostate Cancer Trials Group in a multi-year collaboration to accelerate clinical research and innovation for advanced prostate cancer. In May 2024, MDxHealth announced a collaboration with the University of Oxford to validate its genomic prostate score test for predicting disease progression following localized treatment. Additionally, Roche’s launch of the BenchMark ULTRA PLUS platform has improved consistency and efficiency in immunohistochemistry-based biomarker detection.

Growing Adoption of Non-Invasive and Liquid Biopsy Techniques
Traditional prostate cancer diagnostic methods, such as tissue biopsies and transrectal ultrasound-guided procedures, are often invasive and associated with pain, infection risks, and patient discomfort. These limitations have driven a shift toward non-invasive diagnostic approaches, particularly liquid biopsy techniques that analyze blood or urine samples to detect cancer-related biomarkers. Liquid biopsies offer several advantages, including reduced patient discomfort, faster turnaround times, and the ability to monitor disease progression dynamically.
When combined with advanced technologies such as digital polymerase chain reaction and next-generation sequencing, liquid biopsies deliver high sensitivity and specificity. Innovative tests such as urine-based genomic assays enable early detection and improved risk assessment. These non-invasive solutions are gaining traction in both clinical and research settings, contributing significantly to market expansion.
Notable advancements in this area include Myriad Genetics’ strategic collaboration with PathomIQ in February 2025 to integrate artificial intelligence–powered image analytics into prostate cancer diagnostics. This partnership aims to enhance diagnostic precision and support the launch of next-generation testing solutions. In September 2024, Novigenix received funding to develop MYELO-SCAN, a novel liquid biopsy designed to predict immune cell infiltration in advanced prostate cancer, with the goal of improving treatment response prediction and patient outcomes.

Competitive Landscape and Strategic Initiatives
The global prostate cancer diagnostics market features a competitive landscape comprising both established multinational corporations and innovative emerging players. Market participants are actively pursuing strategies such as new product development, technological innovation, mergers and acquisitions, strategic collaborations, and geographic expansion to strengthen their market presence. Investments in artificial intelligence, molecular diagnostics, and precision medicine are key focus areas for leading companies seeking to gain a competitive edge.
The competitive environment is characterized by continuous innovation and strong emphasis on clinical validation, regulatory approvals, and partnerships with academic and research institutions. These strategies are enabling companies to expand their diagnostic portfolios and address the evolving needs of healthcare providers and patients worldwide.

Key Market Drivers
Rising incidence of prostate cancer across developed and developing regions
Continuous advancements in imaging, molecular diagnostics, and genomic technologies
Increasing awareness about early screening and preventive healthcare
Rapid growth of the global geriatric male population
Rising research and development investments by medical technology and pharmaceutical companies

Emerging Opportunities in the Market
Growing shift toward home-based and point-of-care diagnostic kits
Expansion of artificial intelligence–enabled diagnostic platforms
Increasing clinical adoption of liquid biopsy techniques for early detection and monitoring
Rising penetration of advanced diagnostics in emerging and underserved markets

Key Players in the Global Prostate Cancer Diagnostics Market
• F. Hoffmann-La Roche Ltd
• Abbott
• MDxHealth, Inc.
• Myriad Genetics
• Siemens Healthineers
• ACON Laboratories
• Humasis
• Opko Health Inc.
• Beckman Coulter, Inc.
• Ipsen Pharma
• DiaSorin

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