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

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.