Breast Cancer Therapeutics Market to cross $28 Bn by 2024| Top Players: Eli Lilly and Company, Sanofi, AstraZeneca, Eisai US, Pfizer, Novartis

The Breast Cancer Therapeutics Market is set to exceed USD 28 billion by 2024; according to a new research report by Global Market Insights, Inc. Rising prevalence of breast cancer pertaining to factors such as prolonged exposure to endogenous oestrogens, early menarche, late age at first childbirth and late menopause will be a high impact rendering factor for the industry growth. Increasing technological advances in cancer biology and launch of several diagnostic and screening programs worldwide should drive the business size. Growing adoption of therapeutics owing to factors such as blocking estrogenic from binding to tumour cells, risk of distant reappearance, lowering jeopardy of reappearance in the breast that had tumour and reducing risk of developing disease in another breast will propel the industry growth.

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Targeted drug therapy market accounted for largest market share in 2018 and was valued around USD 11,559.6 million. It is forecast to witness substantial growth over the coming years owing to associated factors such as targeting certain parts of tumour cells that allow the tumour cells to grow faster and abnormally, resulting in turn off or blockage of chemical signals. Furthermore, features such as stopping growth of new blood vessels, changing proteins, triggering immune system, and carrying toxins to the tumour cells to kill cells will drive the therapy demand over forecast years.

Chemotherapy drug segment is set to witness a considerable growth at 6.6%, due to factors such as attacking all cells that are growing quickly and inflated cost associated with the drugs resulting in financial burden. Moreover, undesirable chemotherapy reactions and establishment of resistance to drugs resulting in multi-drug resistance are the major restraining factor in chemotherapy usage.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Teva Pharmaceuticals
• Pfizer
• Novartis
• Sanofi
• AstraZeneca
• Eisai US
• Eli Lilly and Company
• Roche Diagnostics Middle East
• Celgene

In terms of commercialization potential of the industry, Global Market Insights, Inc., estimates breast cancer therapeutics market size to surpass a valuation of USD 28 billion by the end of 2024, with a projected CAGR of 9% over 2017-2024. In this regard, geographically, U.S. is anticipated to contribute noticeably toward the global share in the coming years, primarily backed by the large patient pool affected with breast cancer in the region. A latest report put forth by the American Cancer Society, claims that U.S. will witness 63410 cases of carcinoma in situ (CIS) and 252,710 cases of invasive breast cancer in women in 2017. The report further affirms that approximately 40,610 women fatalities are likely to occur from breast cancer this year.

The tremendous upsurge in the incidence of breast cancer has indeed upscaled the requirement for upgraded breast cancer treatment, leaving a significant impact on regional breast cancer therapeutics industry share. As per estimates, U.S. accounted for a sizable portion of the overall market in 2016, and considering the increasing R&D funding through public and private sector, the region is slated to remain one of the profound participants of global breast cancer therapeutics market in the years ahead.

Of late, the expanding healthcare space is blazed with a plethora of innovations brought forth by renowned giants who are relentlessly attempting to effectuate merchandizing of novel drugs that prove to be extremely beneficial for the patients - a trend that has phenomenally triggered product developments in breast cancer therapeutics industry. As per a recent news snippet, researchers of Massachusetts Institute of Technology have unveiled an AI-based breast cancer therapeutic model that is claimed to detect breast cancer in a much more efficient and accurate manner. Reportedly, scholars of MIT’s Computer Science and Artificial Intelligence Laboratory in collaboration with Massachusetts General Hospital in Boston have integrated machine learning in the new model design. Allegedly, this is one of the biggest scoops in breast cancer therapeutics market in recent times.

As per a recent news snippet, scientists at Institute of Cancer Research, London, have come up with a breakthrough solution for breast cancer patients, which reportedly obliterated all signs of breast cancer in 11% patients within a span of 11 days. The drug was allegedly manufactured by blending two cancer drugs – lapatinib (Tyverb) and trastuzumab (Herceptin), and aided almost 17% of the patients with shrinking of tumors so significantly, that the patients didn’t even require chemotherapy post the drug application.

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Some of the companies operating in breast cancer therapeutics market are Roche Diagnostics, Pfizer, AstraZeneca, Novartis, Sanofi, Eisai, and Eli Lily. New product launches, strong product pipeline, geographical expansion, mergers and acquisition will mainly boost the business. Chief industry players will endeavor to strengthen their place in this competitive market by implementation these strategies.

Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.

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