Breast Cancer Therapeutics Market Trends, Growth, Analysis, Demand, Future Scope and Forecast 2019-2025

The global breast cancer therapeutics market is estimated to grow significantly at a CAGR of 9.0% during the forecast period. The growth of the market is attributed to the increasing prevalence of breast cancer and rising awareness in emerging countries such as India, China, and Malaysia. Furthermore, the introduction of new technology such as imaging technology and 3D mammography is also estimated to have a significant impact on the growth of the market. The global expenditure on breast cancer therapies and medicines is increasing very rapidly which leads to the high rates of diagnosis and treatment of breast cancer. However, the high cost of breast cancer drugs and surgeries across the developed countries are estimated to be the major constraints in the growth of the market. As per the American Cancer Society, breast cancer treatment can cost more than $100,000 in developed countries such as the US.

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The companies which are contributing to the growth of the global breast cancer therapeutics market include Astellas Pharma Inc., Merck & Co., Inc., Novartis International AG, Pfizer Inc., F. Hoffmann-La Roche AG, AstraZeneca PLC, and others.

Global breast cancer therapeutics market is segmented on the basis of Therapy. The Therapy segment is further classified into chemotherapy, hormone therapy, targeted therapy, radiation therapy and others (surgery). Among all therapies, chemotherapy market held the largest market share in the global breast cancer therapeutics market. Chemotherapy is most used when cancer in the lymph nodes and irrespective of tumor size or menopausal status. Along with that it is used for the treatment of breast cancer in premenopausal women and referred for those women who diagnosed with early stage breast cancer for hormone receptor negative and HER2 positive cancer. The types of chemotherapy include adjuvant chemotherapy and neoadjuvant chemotherapy. The adjuvant chemotherapy is used to destroy cancer cells that have been spread and not seen by the imaging tests.

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This method helps in reducing the cancer cells that form a new tumor in the other place of the body. Adjuvant chemotherapy reduces the risk of breast cancer coming back. Neoadjuvant chemotherapy can be used to reduce the size of the tumor, so it can be removed with less widespread surgery. Based on geography the global breast cancer therapeutics market is further categorized into North America, Europe, Asia-Pacific and Rest of the World. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.

Market Segmentation

Breast Cancer Therapeutics Market by Therapy

o Chemotherapy
o Hormone Therapy
o Targeted Therapy
o Radiation Therapy
o Others (Surgery)

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