This report on global breast cancer treatment market studies various drugs used for treatment of breast cancer along with pipeline analysis of upcoming potential drugs. Breast cancer is the second most common cancer observed in women worldwide, accounting for around 17% of all female cancers, making the disease exceptionally prevalent. The predictions shared by GLOBOCON in 2012 suggests that the incidence rate of breast cancer in 2012 was for ages= 65 was 503, 158 and by 2020 it is anticipated that ages=65 will be 643,442. Thus, rising incidences of breast cancer and mounting social awareness in developed and developing countries is assisting the market growth throughout the forecast period.
For the purpose of this study, the various drugs classes studied include HER2 inhibitors, mitotic inhibitors, anti-metabolites, aromatase inhibitors, and hormone receptor. Market size estimates and forecast for these segments for the period 2020 to 2030 are provided in terms of USD Mn along with the respective CAGRs for the period 2023 to 2030, considering 2021 as the base year.
The pipeline analysis for breast cancer treatment market comprises projected market sales of Phase III drugs estimated till 2023. The phase III drugs included in the pipeline analysis are Abemaciclib (Eli Lily & Company), Buparlisib (Novartis), NeuVax (Galena Biopharma), Niraparib (Tesaro), Lynparza (AstraZeneca), Veliparib (AbbVie), Neratinib (Puma Biotechnology), Ribociclib (Novartis) and others. The report also covers qualitative information associated with the drugs under phase II and I of the clinical trials.
The geographic segmentation of the global breast cancer treatment market is performed for the regions North America, Europe, Asia Pacific and Rest of the World markets. The regions are also further sub-segmented on the basis of major countries. Market size estimates and forecast for these segments for the period 2020 to 2030 are provided in terms of USD Mn along with the respective CAGRs for the period 2023 to 2030, considering 2021 as the base year.
Breast cancer is hormone related disorder and the factors that transform the risk of this cancer when diagnosed premenopausally and when diagnosed (much more commonly) postmenopausally are not the same. According to World Cancer Research Fund International, breast cancer is the most common cancer in women worldwide with nearly 1.7 million new cases diagnosed in 2012. This represents about 12% of all new cancer cases and 25% of all cancers in women. The therapeutic treatment of breast cancer ranges from regular regimens to biological drugs. Market experts suggest that overall the market is experiencing significant growth driven by rising awareness among the population and efficient drug therapies being introduced by pharmaceutical manufacturers. In addition to that, accelerated approvals have been observed for drugs against breast cancer, which is providing momentum for breast cancer research and shifting the equilibrium toward research and development of novel therapies with minimum side effects and maximum efficiency against breast cancer treatment.
The major classes of drugs for breast cancer are HER2 inhibitors, anti-metabolites, aromatase inhibitors, mitotic inhibitors, and hormone receptors antagonists. In base year 2015, HER 2 inhibitors segment accounted for the major share of the breast cancer treatment market. The key factors assisting the growth of this segment are premium cost, efficient treatment, less side effects, and supported and recommended by several non-governmental and globally acknowledged organizations. Targeted therapies have been treatment of choice in most of the parts of the world because targeted cancer therapies are treatments that target specific characteristics of cancer cells, such as a protein that allows the cancer cells to grow in a rapid or abnormal way, and less likely than chemotherapy to harm normal, healthy cells.
In base year 2021, North America and Europe dominated the market with around 60.7% of the overall market share. The key factors assisting the growth of breast cancer treatment market in these regions are increasing social awareness related to diagnosis and treatment of breast cancer, rising prevalence of breast cancer and advanced healthcare infrastructure along with supportive reimbursement policies. Market experts suggest that, as North American and European markets are the most lucrative pharmaceutical markets key breast cancer treatment drugs are initially approved in these regions. The upcoming pipeline drugs are expected to play crucial role in the breast cancer treatment market where early market entry and high drug prices would be the key factors that will boost the overall breast cancer treatment market in North America and Europe initially. On the other hand, Asia-Pacific breast cancer treatment is anticipated to experience significant growth throughout the forecast period 2023 – 2030. In base year 2021, Japan was observed as the leading market followed by China and India. India and China have a large low- and middle-income population; hence, demand for low cost treatments will be high. However, in case of life threatening diseases such as breast cancer the market scenario is expected to be different as the available and upcoming treatments are more efficient and premium.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Breast Cancer Treatment market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Drug Class
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
