Press release
Global Breast Cancer Drug Market Forecasted $ 43.63 Billion Growth by 2026: Key Players are AbbVie Inc (US), AstraZeneca Plc (UK), Celgene Corporation (US), Merck & Co., Inc. (US), Celldex Therapeutics (US), MacroGenics, Inc. (US), F. Hoffmann-La Roche Lt
According to the published article in Breastcancer.org. in Feb 2019, As of January 2019 there are over 3.1 million women diagnosed breast cancer. There are 2,670 new cases of invasive breast cancer in man in this current year. This significant rise in patient number acts as a driver for the growth of breast cancer drugs.
Market Analysis:
Global Breast Cancer Drug Market is rise gradually to an estimated value of USD 43.63 Billion by 2026 registering a CAGR of 11.1% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing awareness and concerns regarding the health of patients.
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Key Market Players: Global Breast Cancer Drug Market
Few of the major competitors currently working in the Breast Cancer Drug Market are , AbbVie Inc (US), AstraZeneca Plc (UK), Celgene Corporation (US), Merck & Co., Inc. (US), Celldex Therapeutics (US), MacroGenics, Inc. (US), F. Hoffmann-La Roche Ltd (Switzerland), Merck KGaA (Germany), Bristol-Myers Squibb Company (US), Novartis AG (Switzerland), Eli Lilly and Company (US), Sanofi S.A (France) and few among others.
Key Developments in the Market:
• On 11 Mar 2019, F. Hoffmann-La Roche Ltd received accelerated approval for Tecentriq (atezolizumab ) in combination with Abraxane for the treatment of adult patients with unresectable locally advanced or metastatic triple-negative breast cancer (TNBC).
• On 28 Feb 2019, F. Hoffmann-La Roche Ltd received FDA approval for the Herceptin Hylecta (trastuzumab and hyaluronidase-oysk) in combination with chemotherapy which is administered through subcutaneous route for the treatment of HER2-positive breast cancer.
• On 26 Apr 2019, Pfizer Inc. received positive CHMP of European Medicines Agency (EMA) opinion for Talzenna (talazoparib) for the treatment of patients with germline breast cancer susceptibility gene (gBRCA)1/2-mutations, who have human epidermal growth factor receptor 2-negative (HER2-) locally advanced (LA) or metastatic breast cancer (MBC) provided that patient previously treated with an anthracycline and/or a taxane medication.
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Market Drivers
• Increase in prevalence rate of breast cancer drug worldwide.
• Increase treatment rate.
• Early detection of breast cancer.
• Effective surgical and medical treatment.
• Rising awareness about treatment and technological advancement is driving the growth of market.
• Increase in the rate of R&D initiatives is driving Breast Cancer Drug therapeutics market.
Market Restraints
• High cost involved in the treatment.
• Patent expiry from many companies and introduction of generic drugs is expected to restrain the growth if the market.
• Lack of awareness among the patient and physician about Breast Cancer treatment.
Segmentation: Global Breast Cancer Drug Market
By Mechanism of Cation Type
• HER2 Inhibitors
• Mitotic Inhibitors
• Anti-metabolites
• Aromatase Inhibitors
• CDK 4/6 Inhibitors
• Hormonal Receptor
By Type
• Ductal Carcinoma In Situ (DCIS)
• Invasive Ductal Carcinoma (IDC)
• Tubular Carcinoma of the Breast
• Medullary Carcinoma of the Breast
• Mucinous Carcinoma of the Breast
• Papillary Carcinoma of the Breast
• Cribriform Carcinoma of the Breast
• Invasive Lobular Carcinoma (ILC)
• Inflammatory Breast Cancer
• Lobular Carcinoma In Situ (LCIS)
• Male Breast Cancer
• Molecular Subtypes of Breast Cancer
• Paget’s Disease of the Nipple
• Phyllodes Tumors of the Breast
• Metastatic Breast Cancer
• Others
By Stage
• T: Primary Tumor Size
• N: Lymph Node Involvement
• M: Cancer spread beyond the breast and lymph nodes
By Drug Type
• Herceptin Hylecta
• Atezolizumab
• Talazoparib
• Ribociclib
• Abemaciclib
• Neratinib
• Palbociclib
• Others
By Therapy Type
• Medication
• Chemotherapy
• Targeted Therapy
• Surgery
By Route of administration
• Oral
• Injectable
By End users
• Hospitals
• Homecare
• Specialty Clinics
• Others
On the basis of geography, the global sandboxing market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Competitive Analysis:
Global breast cancer drug market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of breast cancer drug market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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