Prostate-specific antigen (PSA) is a protein produced by the prostate cells. It is normally present in small quantities in the semen ejaculate of men with healthy prostates. However, elevated levels are observed in cases of prostate cancer or other prostate related diseases such as prostatitis or benign prostatic hyperplasia. PSA liquefies the semen in the seminal coagulum and allows sperm to swim freely. It is also believed to dissolve the cervical mucus, allowing the entry of sperm into the uterus. PSA tests involve measuring of the PSA amount in the blood sample of patients. 
 
The global PSA testing market is categorized on the basis of the following clinical tests:
  • Prostate-specific antigen values
  • Free prostate-specific antigen assays
  • Complexed prostate-specific antigen assays
  • Prostate-specific antigen reverse transcription-polymerase chain reaction assays
Currently, North America dominates the global PSA testing market and is followed by Europe due to prostate cancer being most common type of cancer in men in these regions. Emerging economies of Asia-Pacific, Latin America, Middle East and Africa are also expected to undergo rapid market growth due to rising incidences of prostate related disorders.
 
Major factors driving the growth of global PSA testing market include rising acceptance of serum-based marker testing for diagnosis of prostate cancer and its evaluation with other emerging cancer-specific markers to enhance the sensitivity of the test. However risk of over-diagnosis and overtreatment due to PSA screening may pose a challenge to the growth of this market.
 
Some of the key players contributing to the PSA testing market include Abbott Laboratories, Inc., AstraZeneca PLC, Bayer AG, Beckman Coulter, Inc., Boehringer Ingelheim GmbH, Boston Scientific Corporation, Bristol-Myers Squibb Company, Endocare, Inc., GE Healthcare, GlaxoSmithKline PLC, Medtronic, Inc., Merck & Company, Inc., Sanofi-aventis SA and Urologix, Inc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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