Prostate Cancer Diagnostics Market is Expected to Reach CAGR of 12% by the End of 2030

Global Prostate Cancer Diagnostics Market Overview
The global prostate cancer diagnostics market is projected to grow at a CAGR of approximately 12% during the forecast period, driven by a combination of rising cancer incidence, technological advancements, and the growing use of artificial intelligence (AI) in diagnostics. Factors such as the increasing prevalence of prostate cancer, rapid innovation in liquid biopsy and imaging platforms, and heightened R&D efforts toward non-invasive diagnostics are significantly contributing to market growth. However, the high cost of diagnostic procedures and the need for advanced laboratory infrastructure continue to act as constraints for widespread adoption, particularly in developing countries.

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Rising Prevalence of Prostate Cancer and the Need for Early Detection
Prostate cancer is among the most common types of cancer and one of the leading causes of cancer-related deaths in men globally. It primarily affects men over the age of 60, with symptoms including urinary difficulties, blood in urine, and bone pain in advanced stages. Because the disease is often asymptomatic in its early phases, early and routine screening becomes essential to improve survival rates. Genetic predisposition, family history, and aging are major risk factors, emphasizing the importance of early diagnosis. As awareness increases, the demand for effective, accurate, and accessible diagnostic solutions continues to grow globally.

Surge in Cancer Incidence Fuels the Demand for Reliable Testing
According to data from the National Centre for Biotechnology Information (NCBI), prostate cancer incidence rates have increased dramatically—from 6.3 to 83.4 per 100,000 people. The World Health Organization (WHO) reported that in 2023, there were approximately 1.5 million new cases of prostate cancer, accounting for about 7.3% of all cancer diagnoses worldwide. This makes prostate cancer one of the most commonly diagnosed cancers after lung, breast, and colorectal cancers. Factors such as increased life expectancy, urbanization, unhealthy diets, and sedentary lifestyles contribute significantly to this rise. As the number of cases continues to grow, there is an increasing demand for reliable diagnostic tools that enable timely detection, better treatment planning, and improved patient outcomes.

Advancements in Diagnostic Technologies Enhance Market Potential
Prostate-specific antigen (PSA) testing remains the conventional method for prostate cancer diagnosis. However, PSA tests often lack specificity and cannot distinguish between aggressive and slow-growing tumors. This has prompted a shift toward more advanced diagnostic solutions such as multiparametric MRI (mpMRI), liquid biopsies, and genomic assays. These innovations have improved diagnostic accuracy, enabled precise tumor characterization, and helped clinicians identify high-risk patients earlier. The integration of molecular imaging and genetic profiling is further refining diagnostic capabilities and supporting personalized treatment strategies.

In December 2024, Siemens Healthineers acquired Advanced Accelerator Applications from Novartis, expanding its molecular imaging portfolio with PSMA-targeted PET tracers for improved prostate cancer detection. In October 2024, the Prostate Cancer Foundation of Australia (PCFA) collaborated with the Australian and New Zealand Urogenital and Prostate Cancer Trials Group (ANZUP) on a three-year research initiative to accelerate clinical innovation. Similarly, in May 2024, MDxHealth partnered with the University of Oxford to validate its Genomic Prostate Score (GPS) test, which helps predict disease progression following localized treatment. Roche also launched the BenchMark ULTRA PLUS platform in June 2022, which enhances consistency in biomarker testing through automated immunohistochemistry assays. These technological advancements underline the global movement toward precision diagnostics and patient-specific therapies.

Adoption of Non-Invasive Diagnostic Techniques and Liquid Biopsies
Traditional prostate cancer diagnostic methods such as tissue biopsy and transrectal ultrasound-guided (TRUS) biopsy can be painful, invasive, and prone to infection or sampling errors. The growing preference for non-invasive alternatives like liquid biopsies is transforming the diagnostic landscape. Liquid biopsies analyze cancer-derived material in blood or urine, such as circulating tumor cells (CTCs) or DNA, to provide valuable molecular insights without surgical procedures. When integrated with next-generation sequencing (NGS) and digital PCR technologies, liquid biopsies offer superior sensitivity and specificity. Tests such as MyProstateScore 2.0 and PCA3 have demonstrated high accuracy in early detection, enabling better risk stratification and patient monitoring.

In February 2025, Myriad Genetics partnered with PathomIQ to incorporate its AI-powered PATHOMIQ_PRAD platform into Myriad's oncology portfolio. This collaboration aims to enhance prostate cancer diagnostics using advanced image-based analytics to guide treatment decisions and introduce a new AI-driven diagnostic test. Additionally, in September 2024, Novigenix received a €1.75 million Eurostars grant to lead the MY-SIGNATURE consortium in developing MYELO-SCAN, the world's first liquid biopsy test designed to predict intratumoral myeloid-derived suppressor cell (MDSC) infiltration in metastatic castration-resistant prostate cancer. This innovation seeks to improve prediction of treatment resistance and patient outcomes, marking a major step forward in precision oncology.

Integration of Artificial Intelligence in Diagnostics
AI and machine learning are revolutionizing prostate cancer diagnostics by improving image interpretation, automating workflow processes, and enabling predictive modeling. AI-powered algorithms can enhance MRI and biopsy image analysis to differentiate malignant from benign lesions more accurately. Moreover, AI-based risk stratification tools are supporting clinicians in decision-making, helping reduce unnecessary biopsies, and optimizing treatment pathways. By combining AI analytics with molecular data, diagnostic platforms can offer real-time insights that lead to earlier interventions and better long-term management outcomes. As AI continues to evolve, its integration across imaging, liquid biopsy, and genomic testing is expected to redefine the future of prostate cancer diagnostics.

R&D Investments and Strategic Collaborations Driving Innovation
Rising investments in research and development are propelling innovation across the prostate cancer diagnostics landscape. Industry leaders are focusing on developing novel biomarkers, improving imaging technologies, and integrating AI solutions for better diagnostic precision. Public-private collaborations, government funding programs, and academic partnerships are accelerating the clinical validation and commercialization of next-generation diagnostic solutions. This trend is expected to continue as healthcare systems increasingly adopt precision medicine and data-driven healthcare models to improve early detection and patient management.

Competitive Landscape Analysis
The global prostate cancer diagnostics market is highly competitive, with key players such as F. Hoffmann-La Roche Ltd, Abbott Laboratories, MDxHealth, Myriad Genetics, Siemens Healthineers, ACON Laboratories, Humasis, Opko Health Inc., Beckman Coulter, Ipsen Pharma, and Diasorin leading the field. These companies are actively pursuing strategies including new product launches, mergers and acquisitions, technological collaborations, and regional expansions to strengthen their market presence. Continuous innovation, digital integration, and personalized diagnostic approaches are expected to define the next phase of competition in this fast-evolving market.

Conclusion
The prostate cancer diagnostics market is undergoing a technological transformation characterized by increased automation, AI integration, and the emergence of minimally invasive testing methods. As the global burden of prostate cancer continues to rise, early detection and precise diagnostics remain central to improving patient survival and reducing healthcare costs. With ongoing R&D investments, strategic collaborations, and advancements in biomarker and imaging technologies, the market is poised for substantial growth and innovation, shaping the future of prostate cancer management and patient care worldwide.

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