USD 27.60 billion
Breast Cancer Therapeutics Market Size, Share, Growth Analysis, By Therapy(Targeted Therapy (Abemaciclib, Ado-Trastuzumab Emtansine, Everolimus, Trastuzumab), By Cancer Type(Hormone Receptor, HER2+), By Distribution Channel(Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35G2183 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
38
|Figures:
74
Breast Cancer Therapeutics Market Insights
Breast Cancer Therapeutics Market size was valued at USD 31.22 billion in 2022 and is poised to grow from USD 35.30 billion in 2023 to USD 94.53 billion by 2031, growing at a CAGR of 13.1% in the forecast period (2024-2031).
The trend in the breast cancer therapeutics market growth is the ongoing R&D programs to develop and commercialize effective drugs for the treatment of breast cancer. As the number of patients with breast cancer is increasing worldwide, the need for the importance and critical importance of comprehensive treatment to achieve optimal results is unparalleled. Such trends are expected to fuel the growth of the breast cancer therapeutics market outlook over the forecast period as new therapeutic agents are expected to drive the introduction of new products. This, in turn, will boost sales of breast cancer drugs and add new patients to the treatment, as these new drugs are expected to cure a wide range of breast cancers. One of the major factors affecting the growth of the breast cancer therapeutics market is the prevalence of breast cancer across the globe, which is expected to drive more patients to seek successful and effective treatments.
For example, according to the release of the World Cancer Research Fund (WCRF), 2,088,849 new cases of breast cancer were diagnosed worldwide in 2018. Thus, more patients projected to increase over the forecast period could have given the market a tremendous boost. In addition, the growing demand for preventive care and early curative treatment has led to more individuals undergoing cancer screening, which in turn will drive the number of patients seeking treatment over the forecast period. Thus, the increasing trend of breast cancer is expected to fuel the breast cancer therapeutics industry during the forecast period.
US Breast Cancer Therapeutics Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
chemotherapy
Fastest Growth
chemotherapy
Growth Rate
13.1% CAGR
Global Breast Cancer Therapeutics Market ($ Bn)
Country Share for North America Region (%)
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Breast Cancer Therapeutics Market Segmental Analysis
Global Breast Cancer Therapeutics Market is segmented by Therapy, Cancer Type, Distribution Channel, and region. Based on Therapy, the market is segmented into Targeted Therapy (Abemaciclib, Ado-Trastuzumab Emtansine, Everolimus, Trastuzumab, Ribociclib, Palbociclib, Pertuzumab, Olaparib, Others), Hormonal Therapy (Selective Estrogen Receptor Modulators (SERMs), Aromatase Inhibitors, Estrogen Receptor Downregulators (ERDs)), Chemotherapy, and Immunotherapy. Based on Cancer Type, the market is segmented into Hormone Receptor, HER2+. Based on Distribution Channel, the market is segmented into Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Breast Cancer Therapeutics Market Analysis by Type
The dominant sub-segment of type in the breast cancer therapeutics market analysis is targeted therapy. Targeted therapy has gained prominence in recent years due to its effectiveness and reduced side effects compared to traditional chemotherapy. Targeted therapies focus on specific molecular targets in breast cancer treatment, such as proteins with HER2 or BRCA gene mutations, which have revolutionized drugs such as trastuzumab (Herceptin) and palbociclib (Ibrance) production. It not only improves treatment efficacy but also significantly reduces side effects, as it is tailored to individual genetic profiles, which is important in the management of chronic diseases.
The fastest-growing sub-segment of type in the breast cancer therapeutics market is immunotherapy. Immunotherapy has witnessed tremendous improvements and improvements in latest years, mainly due to the development of novel immunotherapeutic marketers and combos with other remedy modalities. The speedy growth of the immunotherapy within the breast cancer therapeutics industry percentage is driven by using its ability for long lasting responses and improved survival outcomes in positive patient populations. Immunotherapy drugs, especially immunosuppressants such as pembrolizumab (Keytruda), use the immune system to recognize and destroy cancer cells. This approach has shown promising results, especially for tumors with limited treatment options for recurrence. The ability of the immune system to provide alternative solutions, potentially for patients who may not respond to conventional therapy has developed new possibilities.
Breast Cancer Therapeutics Market Analysis by Cancer Type
Hormone receptor is the dominant segment in the market. HR breast cancers, which encompass estrogen receptor-superb (ER) and progesterone receptor-tremendous (PR) cancers, are the maximum common subtype, accounting for almost 70% of all breast cancer cases. The segment is the dominant category in terms of each affected person volume and demand for therapeutics is increasing due to its occurrence. Therapies for HR-superb breast cancer generally include hormone-based totally remedies, including selective estrogen receptor modulators (SERMs) like tamoxifen and aromatase inhibitors like anastrozole, which block hormone indicators that drive cancer increase. Recently, CDK4/6 inhibitors (e.g., palbociclib and ribociclib) have shown effectiveness while combined with hormone therapy, significantly enhancing survival fees. This aggregate has ended up the same old for treating advanced HR-high quality breast cancers, fueling consistent market increase for HR-targeted treatments.
HER2 is the dominant segment inside the breast cancer therapeutics market forecast. Notably, the HER2 protein, which promotes the increase of most cancers cells, is overexpressed. It is characterized by the overexpression of the HER2 protein, which promotes the cancer increase. Targeted treatment options have converted the analysis for HER2 sufferers, with tablets like trastuzumab (Herceptin), pertuzumab (Perjeta), and extra lately, antibody-drug conjugates like trastuzumab emtansine (Kadcyla). These healing procedures inhibit the HER2, at once slowing tumor growth and improving survival quotes. Combination remedy with HER2-targeted sellers, consisting of twin HER2 inhibition with trastuzumab and pertuzumab, had been powerful techniques, especially in metastatic cases. Recent developments of HER2-directed ADCs (e.g. Enhertu) expand the range of therapies available to standard progressive patients therapies as research into the HER2 pathway continues. The sector is expanding, offering more options as they provide protection against aggressive HER2+ cancers.
Global Breast Cancer Therapeutics Market By Type
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Breast Cancer Therapeutics Market Regional Insights
North America, which is the dominating region in the breast cancer therapeutics industry. The region also has positive regulatory surroundings that promote the improvement and commercialization of innovative cures. The region is characterized via advanced healthcare infrastructure, a high prevalence of breast cancer, and significant investments in research and development. North America has a robust presence of key market players and is at the vanguard of technological improvements in breast cancer therapeutics. North America, particularly the United States, leads the way in breast cancer research and development, with significant government funding and private investment in new therapies, including targeted therapies and immunotherapies. The region benefits from an improved healthcare system, which allows for earlier detection, improved treatment options and earlier uptake of new treatments.
One of the fastest growing regions in the breast cancer therapeutics market is the Asia-Pacific region. This region is experiencing fast growth due to the growing recognition approximately breast cancers, enhancing healthcare infrastructure, and rising disposable earnings. Additionally, the growing geriatric population and changing lifestyle elements contribute to the growing incidence of breast cancer within the Asia-Pacific region. Governments and healthcare groups in this region are also actively selling breast most cancers screening packages and implementing supportive guidelines to improve the get access to effective therapeutics. Asia-Pacific has a large population, with increasing incidence of breast cancer due to lifestyle changes and an aging population, which needs more effective treatments Governments of China, India and Japan are investing heavily in healthcare and transportation.
Global Breast Cancer Therapeutics Market By Geography
- Largest
- Fastest
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Breast Cancer Therapeutics Market Dynamics
Breast Cancer Therapeutics Market Drivers
Increasing Prevalence of Breast Cancer Worldwide
- One driver of the breast cancer therapeutics market forecast is the increasing prevalence of breast cancer worldwide. Advancements in diagnostic techniques and customized medicine have also contributed to the development of centered treatments, enhancing the treatment effects for breast cancer patients. The growing incidence of breast cancers, coupled with growing focus and early detection programs, has caused an elevated demand for effective therapeutic alternatives.
Advances in Targeted Therapy and Personalized Medicine
- One of the important drivers of the breast most cancers therapeutics market is the improvement of targeted treatment plans, consisting of HER2 inhibitors, CDK4/6 inhibitors and PARP inhibitors. This precision-driven method says personalized treatment regimens tailored to person genetic profiles now not handiest enhance affected person consequences but reduce unfavorable effects. Advances in genomic profiling and biomarker discovery are helping oncologists discover effective treatments based on each patient’s unique genetic and molecular profile, riding growth and investment inside the market.
Restraints
High Cost of Treatment
- One restraint of the global breast cancer therapeutics market is the high cost of treatment. The cost of the innovative therapies and drugs, combined with the need for long-term treatment and supportive care, poses financial challenges for the patients and healthcare systems. Limited access to affordable treatment options and insurance coverage can create barriers to accessing the optimal breast cancer therapies.
High Medical Costs and Limited Access
- Despite the technological advances, the high costs related to breast most cancers remedy, mainly new targeted cures and immunotherapies, can restrict affected person get access to the economic obstacles are especially robust geographically growing populations who may additionally have constrained access to the fitness care and the insurance. Consequently, although these treatments offer improvements, financial burdens may restrict their widespread use and create inequalities in access, hindering market growth.
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Breast Cancer Therapeutics Market Competitive Landscape
The global breast cancer therapeutics market is highly competitive and growing rapidly, driven by the continuous innovations in the targeted therapies, immunotherapies and personalized medicine. This market is comprised of leading pharmaceutical giants, biotechnology companies and emerging biotechnology companies, each of which compete because of advanced drug development, clinical trials and collaborative approaches. Major players in the market, such as Roche, Pfizer, Novartis, AstraZeneca and Eli Lilly, dominate with complex products that include targeted therapies, immunotherapy and mixed hormone therapies. For example, the use of Roche's targeted therapies, Herceptin (trastuzumab), AstraZeneca's PARP inhibitor, Lynparza (olaparib) and well-established in the market.
Breast Cancer Therapeutics Market Top Player’s Company Profiles
- Genentech (F. Hoffmann-La Roche Ltd)
- Eli Lilly and Company
- Novartis AG
- AstraZeneca
- Pfizer Inc.
- Sanofi
- Eisai Co. Ltd.
- Kyowa Kirin
- Bristol Myers Squibb (Celgene Corporation)
- Merck & Co., Inc.
- Johnson & Johnson
- AbbVie Inc.
- Gilead Sciences
- Takeda Pharmaceutical Company Limited
- Amgen Inc.
- Teva Pharmaceutical Industries Ltd.
- Daiichi Sankyo Company, Limited
- Otsuka Pharmaceutical Co., Ltd.
- Ipsen
Breast Cancer Therapeutics Market Recent Developments
- In February 2023, GenoPharma Inc. announced the successful completion of Phase III clinical trials for their novel targeted therapy for HER2-positive breast cancer.
- In April 2023, MedSolution Pharmaceuticals introduced a breakthrough immunotherapy treatment for triple-negative breast cancer. The therapy, named ImmunoClearTM, harnesses the power of the patient's immune system to selectively target and eliminate cancer cells, resulting in improved response rates and prolonged progression-free survival.
- In June 2023, Global Biotech Corporation launched a precision medicine approach for hormone receptor-positive breast cancer. Their innovative therapy resulted in enhanced treatment outcomes and reduced side effects.
Breast Cancer Therapeutics Key Market Trends
- Expansion of Immunotherapy and Combination Treatments: Immunotherapy, especially immune checkpoint inhibitors, is rising as a groundbreaking alternative in breast cancers remedies, regularly used in aggregate with existing remedies like chemotherapy. This trend in the direction of aggregate treatments enhances efficacy, as multiple mechanism artwork simultaneously to attack most cancers cells, enhance immune reaction, and decrease the chance of resistance. Clinical trials are more and more exploring the new combos, which keep shaping the recuperation panorama through providing extra whole remedy alternatives for sufferers across diverse stages of the breast most cancers.
- Growing Emphasis on Early Detection and Preventive Therapies: As cognizance round maximum breast cancers grows, there may be a stronger recognition on early detection and preventive cures, specifically inside the populations at higher hazard. The development of healing procedures designed to prevent breast cancer progression in patients with genetic predispositions (inclusive of BRCA mutations) has received momentum. This breast cancer therapeutics market trend is moving the focal point of breast cancer therapeutics from now not most effective treatment but additionally proactive disorder control and prevention, that's predicted to reduce sickness occurrence and enhance survival costs inside the long term.
Breast Cancer Therapeutics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the breast cancer therapeutics market is a comprehensive study that focuses on the diagnosis, treatment, and management of breast cancer. The market gives an extensive range of remedy options, which include chemotherapy, hormone treatment, centered treatment, and immunotherapy. With ongoing research and improvement, present day restoration processes are being introduced to enhance affected man or woman consequences and exquisite existence. The market is quite competitive, with several key players investing inside the research and development of sports to expand novel therapeutics.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 31.22 billion |
| Market size value in 2031 | USD 94.53 billion |
| Growth Rate | 13.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Breast Cancer Therapeutics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Breast Cancer Therapeutics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Breast Cancer Therapeutics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Breast Cancer Therapeutics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Breast Cancer Therapeutics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Breast Cancer Therapeutics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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