Breast Cancer Therapeutics Market 2018: Study on Eminent Players | Novartis, Roche Diagnostics, Pfizer, Eisai, AstraZeneca, Eli Lily, and Sanofi

Breast Cancer Therapeutics Market size is set to exceed USD 28 billion by 2024; according to a new research report by Global Market Insights, Inc.

Increasing prevalence of breast cancer, introduction of various diagnostic and screening programs across the world and favorable reimbursement policies should drive breast cancer therapeutics market growth over the forecast period.
Advancement in cancer biology technologies, growing investment in research and development activities for novel drugs used in the treatment of disease should drive industry growth over the forecast timeframe. Growing adoption of minimally invasive cancer therapy should further drive breast cancer therapeutics market size.

Furthermore, rising awareness levels regarding disease prevention, early diagnosis and screening should drive the industry revenue. However, high cost associated with breast cancer therapeutics, stringent regulatory guidelines, complications associated with chemotherapy and patent expiry of drugs can restrain industry growth.

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Targeted drug therapy should contribute for significant revenue share in 2016. Targeted drugs block the growth of cancerous cells. It targets abnormal protein HER2 (human epidermal growth factor) to stimulate growth of breast cancer cells. Increased focus on anticancer drug development for targeted therapies should drive the demand for these products.
Hormone drugs should witness substantial growth over the forecast period. Growth is attributed due to its use to stop or slow down the hormonal sensitive tumor growth. Hormonal drugs function to interfere with body’s hormone production ability or by obstructing effects of hormones such as progesterone and estrogen on breast cancer cells. Furthermore, growing incidence rate of breast cancer, increasing acceptance of hormonal therapy to curb disease occurrence and growing usage of therapy as adjuvant therapy should drive hormonal drugs market growth over the forecast period.

Distribution of breast cancer therapeutics through retail pharmacies contributed for major revenue share in 2016. Rising number of pharmacies in both developed and developing regions should drive industry growth over the forecast period. Large number of retail pharmacies and their software systems have facility of screening harmful drug interactions which will further drive segment growth.

U.S. breast cancer therapeutics market size held major revenue share in 2016, and it is expected to grow at substantial rate over the forecast timeframe. Presence of well-established healthcare infrastructure and growing healthcare expenditure should drive industry growth. Increased access to breast cancer screening and growing adoption of therapy drugs among patients should further drive business growth in the U.S.

Germany should experience significant growth over the forecast period. Rising prevalence of disease and arrangements of various symposiums and conferences to spread awareness regarding the disease in the country are the factors driving industry growth over the forecast period.

Japan should contribute for considerable growth over the forecast period. Increasing mortality rates related to breast cancer have raised serious concerns in the country. Moreover, robust healthcare insurance system and well-developed infrastructure will drive business growth in the region.

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South Africa is expected to grow at a lucrative rate over the forecast timeframe. Various organizations taking significant efforts to increase the awareness and accessibility will drive the business over the forecast period.

Some of the companies operating in breast cancer therapeutics market includes Novartis, Roche Diagnostics, Pfizer, Eisai, AstraZeneca, Eli Lily, and Sanofi. Strategies implemented by the companies includes geographical expansion, launch of new products, strong product pipeline, mergers, and acquisition to enhance their business.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.