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What's driving the Breast Cancer Therapeutics Market growth? Key Players are: AstraZeneca, Novartis, Eisai, Eli Lilly, Sanofi, and Celgene, Breas Medical, Roche Diagnostics, Pfizer, MAQUET, Drager

07-02-2019 07:11 AM CET | Business, Economy, Finances, Banking & Insurance

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What's driving the Breast Cancer Therapeutics Market growth?

Breast Cancer Therapeutics Market will exceed USD 30,637.7 million by 2025; as per a new research report.

Breast Cancer Therapeutics Market Research Report is a professional and in-depth study on the current state of the global industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Breast Cancer Therapeutics Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions development status

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Increase in breast cancer prevalence in the developed regions across the globe will enhance the growth of breast cancer therapeutics market growth in the near future. In 2017, approximately 252,710 new cases of invasive breast cancer are anticipated to be detected in women in the Unites States with over 63,410 non-invasive breast cancer new cases. The growing adoption of western lifestyle in developing nations is an important cause for the increase of breast cancer incidence in these countries.

Presence of favorable insurance and reimbursement policies can drive the breast cancer therapeutics market. Managing the increasing cost of breast cancer therapeutics driven by the surge in both the quantity and price of targeted therapy drugs is challenging, since anticancer drugs can be remunerated under the pharmacy or medical benefit, based on their mode of administration.

High cost of the breast cancer therapeutics will be a major market impeding factor. The treatment cost for breast cancer is higher for patients that are not covered by insurance. According to a study, uninsured cancer patients pay approximately double as much for doctors? visits and 43 times more for chemotherapy drugs in comparison to what Medicare and private insurance pays.

Targeted drug therapy market held majority market share and was valued around USD 11,559.6 million in the year 2018. Recent technological advancements has resulted in growing demand for effective breast cancer treatment, stimulating rise in R&D investment for developing effective targeted breast cancer therapy. Hence, boosting the industry growth in the upcoming years.

The distribution of breast cancer therapeutics via retail pharmacies is estimated to grow at a CAGR of 9.7% over the projection period. There is a shift from specialty to retail pharmacies due to reimbursement variations and prolonged usage of oral formulations, particularly for targeted drug therapies thereby, boosting business growth.

Germany dominated the Europe breast cancer therapeutics market growth and was valued around USD 1,318.2 million in the year 2018. Increasing healthcare expenditure in Germany accounting for 11.3% of its GDP in 2014 will minimize the cost burden associated with the disease further propelling the market growth over the forecast period.

China breast cancer therapeutics market is estimated to grow at 13.7% over the projection period. The robust healthcare reforms need to be improved for diagnosis and treatment of breast cancer. However, increasing prevalence, and robust economic growth in China will drive breast cancer therapeutics market growth in the near future.

Industry players having a strong foothold include AstraZeneca, Roche Diagnostics, Pfizer, Novartis, Eisai, Eli Lilly, Sanofi, and Celgene. Other notable participants include Breas Medical, MAQUET and Drager, etc. To expand their industry presence, many established firms are entering in sparsely addressed high potential regions. Introduction of devices in emerging economies by these companies enables them to cater to unmet needs and expand revenue sources.

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Research objectives:

To study and analyze the global Breast Cancer Therapeutics size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Breast Cancer Therapeutics by identifying its various subsegments.
Focuses on the key global Breast Cancer Therapeutics players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Breast Cancer Therapeutics with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Breast Cancer Therapeutics submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents:

1 Breast Cancer Therapeutics Market Overview
2 Manufacturers Profiles
3 Global Breast Cancer Therapeutics Market Competition, by Players
4 Global Breast Cancer Therapeutics Market Size by Regions
5 North America Breast Cancer Therapeutics Revenue by Countries
6 Europe Breast Cancer Therapeutics Revenue by Countries
7 Asia-Pacific Breast Cancer Therapeutics Revenue by Countries
8 South America Breast Cancer Therapeutics Revenue by Countries
9 Middle East and Africa Revenue Breast Cancer Therapeutics by Countries
10 Global Breast Cancer Therapeutics Market Segment by Type
11 Global Breast Cancer Therapeutics Market Segment by Application
12 Global Breast Cancer Therapeutics Market Size Forecast (2018-2023)
13 Research Findings and Conclusion
14 Appendix

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