The ‘Global Breast Cancer Treatment Market Growth, Report and Forecast 2023-2031’, by Expert Market Research, gives an extensive outlook of the global breast cancer treatment market, assessing the market based on its segments like diagnosis, therapy, indication, distribution channel, and major regions.
Breast Cancer Treatment Market Size, Share, Price Trends, Industry Report, Key Players, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2016-2031)
• Historical Market Size (2022): USD 20.64 Billion
• Forecast CAGR (2023-2031): 10.1%
• Forecast Market Size (2031): USD 49.08 Billion
Global breast cancer treatment is driven by the growing demand and use of therapeutics and diagnostics. The treatment of breast cancer has different categories based on the stage, extent to which it has spread in the body, size etc. There are different therapies being used to treat breast cancer like radiation therapy, chemotherapy, Hormone therapy. Apart from these therapies, surgery is mostly used to treat breast cancer. In chemotherapy, the cancerous cells are destroyed with the use of drugs. After surgery, this is the most widely used method to get rid of cancer and stop its recurrence.
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The demand for the global breast cancer treatment market is also expected to grow in the forecasted period with the significant advancements in the discovery of many therapeutic products to treat breast cancer. There has been continuous research and development work in the pharmaceutical sector for the development of various breast cancer treatment strategies which in turn is helping the market to grow substantially.
Breast Cancer Treatment Industry Definition and Major Segments
The abnormal growth of cell in and around the breast is called Breast cancer. The former can be treated using various methodologies like chemotherapy, biological therapy, surgical treatments, radiation therapy, hormonal therapy. With these treatments, the cancerous lumps are removed and spread of cancerous cells to other organs is prevented. The global breast cancer market is segmented as follows:
Based on diagnosis, the market Breakup is segmented into:
• Genomic Tests
• Blood Tests
Based on Therapy, the market is segmented into:
- Targeted Therapy
- Ado-Trastuzumab Emtansine
- Hormonal Therapy
- Selective Estrogen Receptor Modulators (SERMs)
- Aromatase Inhibitors
- Estrogen Receptor Downregulators (ERDs)
Based on indication, the market is bifurcated into:
• Invasive Ductal Carcinoma
• Invasive Lobular Carcinoma
Based on distribution channel, the market is segmented into:
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
Based on region, the market is segmented into:
- North America
- United States of America
- United Kingdom
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- South Africa
Breast Cancer Treatment Market Trends
The global cancer treatment market is driven by the increasing cases of breast cancer in developing as well as developed countries. A recent study in 2021 of Cancer Australia, by the age of 85, the risk of breast cancer has been estimated to be one case per fifteen individuals. Increasing research and development in this field is further attributed to the growth of the global cancer treatment market. Many key players in the pharmaceutical sector are coming together to develop various therapies to treat breast cancer. Lately, Arvinas and Pfizer have collaboratively developed ARV-471 which is an investigational therapy. It has a significant effect for the management of breast cancer.
The global breast cancer treatment market is expected to propel in North America as a region in the forecasted period due to the increasing number of cases in the region as well as the growing awareness amongst people on the methods to treat the disease.
Key Market Players
The major players in the market are Mylan N.V (Viatris Inc.), AstraZeneca, Celltrion Inc, Bristol-Myers Squibb Company, Fresenius Kabi AG, Eisai Co., Ltd., Baxter, GSK plc, Pfizer Inc., Halozyme, Inc, and 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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