Global Breast Cancer Market Size By Therapy (Targeted Therapy, Hormonal Therapy), By Cancer Type (Hormone Receptor, HER2+.), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies), By Geography Scope And Forecast

Breast Cancer Market Size And Forecast

Breast Cancer Market size was valued at USD 31.40 Billion in 2022 and is projected to reach USD 72.30 Billion by 2030, growing at a CAGR of 11.62% from 2023 to 2030.

Breast Cancer is the most frequent disease in the population, affecting mostly women. Breast Cancer develops mostly in breast tissues. Breast Cancer symptoms include the creation of lumps in the breast, changes in the size and shape of the breast, fluid seeping out of the nipple, and itchy, scaly, red spots on the skin. It is a disorder that causes the disease to spread by causing symptoms such as bone pain, swelling of lymph nodes, breathing difficulties, and many more. The rising incidence of Breast Cancer globally is a major factor driving the market. Factors such as changing lifestyles, hormonal imbalances, genetic predisposition, and environmental factors contribute to the increasing number of Breast Cancer cases. The Global Breast Cancer Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Breast Cancer Market Definition

Breast Cancer development takes place with the presence of genes like Human Epidermal growth factor receptor 2 (HER2). Stimulation of cancer in the body with the presence of this protein extends the proliferation of the cells. Positive HER2 receptor patients having the most aggression in Breast Cancer than other types of Breast Cancer. Numerous treatments are available which are used to treat and eradicate the tumor and increase the target on HER2. This enlarges the market of Breast Cancer with an increasing number of patients every year with an increase in the recovery rate of Breast Cancer.

Global Breast Cancer Market Overview

Technological advancements in Breast Cancer diagnostics and screening techniques, such as mammography, breast MRI, and molecular imaging, have improved the early detection and diagnosis of Breast Cancer. Early detection plays a crucial role in effective treatment and outcomes. The development of targeted therapies, immunotherapies, and personalized medicine has transformed Breast Cancer treatment. Advancements in surgical techniques, radiation therapy, chemotherapy, hormonal therapy, and novel targeted therapies have improved survival rates and patient outcomes. Enhanced features are designed to identify cancer in a shorter period of time. Cancer is diagnosed at an early stage, allowing patients to recover faster. Cancerous cells are prevented from spreading to other parts of the body and are treated with new pharmaceuticals on the market. Increased screening and imaging of tumors boost the Breast Cancer Market.

Global Breast Cancer Market Segmentation Analysis

The Global Breast Cancer Market is segmented based on Therapy, Cancer Type, Distribution Channel, and Geography.

Breast Cancer Market, By Therapy

• Targeted Therapy
• Hormonal Therapy
• Surgery and radiation therapy
• Biologic therapy

Based on Therapy, the market is bifurcated into Targeted Therapy, Hormonal Therapy, Surgery, radiation therapy, and Biologic therapy. Targeted therapy in the breast market is the largest market, with higher utilization of the therapy due to increased production and improved performance, with new launches engaged in the drugs aiding in the acceleration of the Breast Cancer Market. Kadcyla, Afinitor, Lynparza, and Zortress are examples of targeted therapy medications. Immunotherapy is also gaining a larger market share in the breast market as a result of recent regulatory approvals.

Breast Cancer Market, By Cancer Type

• Hormone Receptor
• HER2+

Based on the Cancer Type, the market is divided into Hormone Receptor, HER2+. The market for Breast Cancer is expected to grow at the fastest rate in the hormone receptor during the forecast period, with an increasing number of cases of Breast Cancer each year, developed treatment, and new innovative technologies to treat the disorder. The hormone receptor HER2 decreased market share, however, novel treatments for Breast Cancer may boost market growth during the projected period, with an enhanced CAGR rate of the Breast Cancer Market.

Breast Cancer Market, By Distribution Channel 

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
• Others

Based on the Distribution Channel, the market is divided into Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, and Others. Due to increased software development in the hospital and increased online prescriptions in the hospital, which stimulates the market of Breast Cancer with increased online pharmacies and increased connectivity, online pharmacies with the largest market share help to grow the Breast Cancer Market during the forecast period.

Breast Cancer Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

On the basis of Geography, The Global Breast Cancer Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2022, North America dominates the market due to its well-established healthcare infrastructure, high awareness levels, and significant investments in research and development. Europe follows closely, driven by advanced healthcare systems and favorable reimbursement policies.

Asia Pacific is a rapidly growing market due to the increasing prevalence of Breast Cancer, improving healthcare infrastructure, and rising awareness. Latin America and the Middle East and Africa regions are witnessing growth, but the market is still evolving, primarily driven by improving healthcare access and increasing awareness initiatives.

Key Players

The “Global Breast Cancer Market” study report will provide valuable insight emphasizing the global market. The major players in the market are Merck & Co, Bristol Myers Squiib, Kyowa Kirin, Eisai Co.Ltd, Sanofi , Pfizer Inc, AstraZeneca, Novartis AG, Eli Lilly and Company, Genentech, Mylan Laboratories, Celltrion, among others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• In the year 2020 September, the Partnership of Natco Pharma with Lupin introduced Lapatinib Tablets, 250mg, in the U.S. after receiving approval for the Abbreviated New Drug Application from the (USFDA) U.S. Federal drug Administration. Natco to be the first industry to the introduction of Lapatinib Tablet with 250mg.
• In the year 2020 June, the Phesgo combination of pertuzumab, trastuzumab, and Hyaluronidase was developed in the injectable type under the skin for the treatment of Breast Cancer patients with HER2-positive. 

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into Active, Cutting Edge, Emerging, and Innovators categories.

Market Attractiveness

The image of market attractiveness provided further helps to get information about the region leading in the Global Breast Cancer Market. We cover the major impacting factors driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Breast Cancer Market, gauge the attractiveness of a particular sector, and assess investment possibilities.

Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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