Breast Cancer Therapy Market
Growing global cases of breast cancer are driving the market demand.
“Elements such as maturing population and lifestyle alterations are pushing the market forward.”— Polaris Market Research
NEW YORK CITY, NY, UNITED STATES, October 25, 2024 /
EINPresswire.com/ -- Our
breast cancer therapy market report has been prepared using advanced methodologies and research techniques to help businesses make strategic business decisions.
The most recent research study by Polaris Market Research reveals that the breast cancer therapy market is anticipated to flourish at a stable rate. With a projected CAGR of 8.5%, the market was valued at USD 30.90 billion in 2023. It is ready to grow to USD 63.13 billion by 2032.
Market Introduction:
Breast cancer is a kind of cancer that commences as a development of cells in the breast tissue. Breast cancer treatment frequently commences with surgery to disconnect the cancer. The majority of people with breast cancer will have alternate treatments succeeding surgery, such as radiation, chemotherapy, and hormone therapy. Some people might go in for chemotherapy or hormone therapy prior to surgery. These medicines can assist in lessening the cancer and render it simpler to disconnect.
A lumpectomy is a surgery to disconnect the breast cancer and some of the thriving tissue encompassing it. The remainder of the breast tissue is not disconnected. Alternate names for this surgery are breast-restoring surgery and a broad local decimation. The majority of people who have lumpectomy also go in for radiation therapy. It might be utilized to disconnect a compact cancer. Often, one can have chemotherapy prior to surgery to lessen the cancer so that a lumpectomy is feasible. Technological progressions in treatment alternatives involving earmarked therapies, immunotherapy, and precision medicine are pushing the breast cancer therapy market demand.
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Who Makes Breast Cancer Therapy?
• Novartis AG
• Pfizer Inc.
• Merck KGaA
• Janssen Pharmaceuticals, Inc.
• Celgene Corporation, Inc.
• Genzyme Corp.
• F. Hoffmann-La Roche Ltd.
• AstraZeneca
• AbbVie Inc.
• Bristol-Myers Squibb Company
• Macrogenics, Inc.
• Celldex Therapeutics
• Onyx Pharmaceuticals Inc.
Market Drivers and Opportunities:
• Advancement of Targeted Therapies: The opportunity is boosted by deliberate capabilities attempted by pharmaceutical firms to advance earmarked therapies customized to particular kinds of breast cancer. These earmarked therapies, which involve hormone therapies, HER-2 earmarked therapies, and other molecularly earmarked agents, provide more productive and less dangerous treatment alternatives as contrasted to conventional chemotherapy, boosting the demand for breast cancer therapy market growth.
• Growing Cases of Breast Cancer: The growing global cases of breast cancer are expected to drive market growth. Among women, breast cancer proceeds as one of the most frequent cancers globally and subsequent common type overall. Cancer probability is frequently linked with maturing, as the immune system becomes ineffective over time.
• Progression in Personalized Medicine: In breast cancer, biomarkers such as progesterone receptor (PR), estrogen receptor (ER), and human epidermal growth factor receptor 2 (HER2) are important in deciding treatment procedures. Alternatively, genetic testing includes surveying DNA to recognize mutations and alterations in genes that may escalate breast cancer probabilities or impact treatment resolution.
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Segmental Analysis:
By Therapy:
• Chemotherapy
• Hormonal Therapy
• Aromatase Inhibitors
• Estrogen Receptor Down regulators (ERDs)
• Selective Estrogen Receptor Modulators (SERMs)
• Targeted Therapy
• Ribociclib
• Palbociclib
• Pertuzumab
• Olaparib
• Abemaciclib
• Ado-Trastuzumab Emtansine
• Everolimus
• Trastuzumab
• Others
• Immunotherapy
• Radiation & Surgery Therapy
By Cancer Type:
• Hormone Receptor
• HER2+
• Others
By Distribution Channel:
• Retail Pharmacies
• Hospital Pharmacies
• Others
• The breast cancer therapy market segmentation is based on therapy, cancer type, distribution channel, and region.
• By therapy analysis, the immunotherapy segment held the largest market share. Immunotherapy drugs involving checkpoint inhibitors have illustrated significant efficacy in improving results for persons with triple-negative breast cancer.
• By cancer type analysis, the hormone receptor segment is poised to register a significant CAGR. Hormone therapy, which circumscribes aromatase inhibitors, LHRH agonists, and SERMs, is normally utilized to cure hormone receptor-positive breast cancer.
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Regional Overview:
The research report covers all the major regions and sub-regions of the breast cancer therapy market. The study provides market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
• North America: North America accounted for the largest market share. This is primarily because the region is encountering an elevated case of breast cancer, generating a robust demand for productive treatment alternatives.
• Asia Pacific: Asia Pacific is anticipated to witness the fastest CAGR from 2024 to 2032. The region’s growing consciousness of breast cancer and its treatment alternatives amidst the population fuels the regional market expansion.
Browse PMR's Breast Cancer Therapy Market Report Coverage from Different Publications:
The global
Breast Cancer Therapy industry is expected to reach USD 63.13 billion by 2032, exhibiting a CAGR of 8.5% during the forecast period.
FAQs:
What is the expected industry size of the breast cancer therapy market?
The market size is expected to reach USD 63.13 billion by 2032.
Which region contributes notably towards the breast cancer therapy market?
North America is contributing notably towards the market.
What will be the expected CAGR of the market during the forecast period?
During the forecast period, the market is expected to exhibit a CAGR of 8.5%.
What are the key segments in the market?
The key segments covered in the market report are therapy, cancer type, distribution channel, and region.
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