Global Breast Cancer Therapeutics Market Size To Grow At A CAGR Of 10.3% In The Forecast Period Of 2022-2027
The ‘Global Breast Cancer Therapeutics Market Growth, Size, Price, Trends, Analysis, Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global breast cancer therapeutics market, assessing the market on the basis of its segments like therapy, cancer type, distribution channel, and major regions.
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The key highlights of the report include:
Market Overview 2017-2027
• Forecast CAGR (2022-2027): 10.3%
The increasing incidents of breast cancer and mortality rate linked to breast cancer, coupled with growing developments in treatment, are driving the breast cancer therapeutics market across the globe. The high prevalence of breast cancer is likely to result in surging demand for early treatment and preventive care, along with an increase in the patient population asking for efficient and accurate options of treatment. Going further, with the growing working population, the hectic lifestyle, and lifestyle-related risk factors like lack of exercise and consumption of fast food, the chances of breast cancer is likely to increase. This is expected to aid the market for breast cancer therapeutics across the world.
Due to the rise in screening programs and awareness regarding breast cancer through the government authorities to decrease the mortality rates related to breast cancer, breast cancer therapeutics market statistics are expected to prove beneficial. Breast cancer screening programs help in optimal treatment to lower morbidity, prevention of risk aspects along with early detection, and encourage survival rate. This is likely to support the market growth over the coming years. However, the high cost of drugs and side-effects related to such drugs are likely to hamper the growth of breast cancer therapeutics market.
Breast Cancer Therapeutics Industry Definition and Major Segments
Breast cancer is known as a disease in which cells in the breast grow out of control. Cancer arises in tissues of the breast. It can spread outside the breast through lymph vessels and blood vessels. When it spreads to other parts of the body, it is said to have metastasized. It occurs in both men and women, although male breast cancer is rare and is commonly found in women.
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Based on therapy, the market is segmented into:
• Targeted Therapy
o Ado-Trastuzumab Emtansine
• Hormonal Therapy
o Aromatase Inhibitors
o Selective Estrogen Receptor Modulators (SERMs)
o Estrogen Receptor Downregulators (ERDs)
o Alkylating Agents
By cancer type, the market is classified into:
• Hormone Receptor
On the basis of distribution channel, the market is divided into:
• Retail Pharmacies
• Hospital Pharmacies
• Online Pharmacies
Based on region, the market is divided into:
• North America
• Latin America
• Asia Pacific
• Middle East and Africa
Breast Cancer Therapeutics Market Trends
The global breast cancer therapeutics market is anticipated to register significant due to the increase in the research and development activities to treat cancer. The growth is also being driven by the high investment in the medical field by market players and various pharmaceutical companies. With the emergence of advanced and new therapies like targeted therapies, including Trastuzumab and Pertuzumab, and immunotherapies, the market players of breast cancer therapeutics are expected to gain lucrative growth opportunities.
Based on therapy, the targeted therapy segment is holding significant market growth in breast cancer therapeutics across the globe due to the high adoption of this therapy in developing and developed countries. The advent of customised approach to increase clinical outcomes and novel advancements are driving the growth of the market across the globe.
Geographically, the North American region is anticipated to boost the breast cancer therapeutics market owing to the surging burden of breast cancer, especially in the United States, along with increasing awareness regarding breast cancer and rising product launches. With the presence of prominent players across the region and the well-established healthcare industry, the market for breast cancer therapeutics is expected to propel in the forecast period across North America.
Key Market Players
The major players in the global breast cancer therapeutics market
• Eli Lilly and Company
• Genentech, Inc.
• Novartis AG
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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