Estrogen Blockers Market Growth Drivers, Strategic Analysis, Market Share, Key Trends And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Estrogen Blockers Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The estrogen blockers market size has grown strongly in recent years. It will grow from $8.72 billion in 2023 to $9.35 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to a rise in the prevalence of prostate cancer, an increase in the prevalence of hormone-related disorders, increase in the adoption of hormone replacement therapy (HRT).

The estrogen blockers market size is expected to see strong growth in the next few years. It will grow to $12.37 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to the rising prevalence of breast cancer, growing awareness, and screening initiatives, increasing prevalence of estrogen-related conditions globally, and expanding the scope of applications for estrogen blockers beyond cancer treatment. Major trends in the forecast period include advancements in estrogen blocker development, the discovery of novel estrogen blockers with improved efficiency, strategic partnerships among market players, and new product approvals.

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Market Drivers and Trends:

The rising prevalence of breast cancer is expected to propel the growth of the estrogen blocker market going forward. Breast cancer is a type of cancer that originates in the breast tissue, primarily affecting the milk ducts and lobules. It occurs when normal breast cells undergo mutations, leading to uncontrolled growth and the formation of tumors. The prevalence of breast cancer is increasing due to several factors, such as the aging population, lifestyle changes such as higher alcohol consumption and sedentary habits, and increased detection through improved screening and diagnostic techniques. Estrogen blockers help with breast cancer by inhibiting the hormone estrogen, which can promote the growth of certain types of breast cancer cells and slow or stop the growth of hormone receptor-positive breast cancers, thereby aiding in treatment and potentially reducing recurrence. For instance, in January 2024, according to the Australian Institute of Health and Welfare, an Australia-based government agency, in 2023, an estimated 20,458 cases of breast cancer were diagnosed in females, corresponding to an age-standardized incidence rate of 128.6 cases per 100,000 females. In 2022, an estimated 20,004 cases of breast cancer were diagnosed in females, with an age-standardized incidence rate of 128.2 cases per 100,000 females. Therefore, the rising prevalence of breast cancer is driving the growth of the estrogen blocker market.

Major companies operating in the estrogen blocker market are focused on developing advanced estrogen blocker drugs, with a combination of AKT (Protein Kinase B) inhibitors and selective estrogen receptor degraders (SERD), to enhance treatment efficacy and address resistance issues in breast cancer therapy. The combination of AKT (Protein Kinase B) inhibitors and selective estrogen receptor degraders (SERDs) is a therapeutic strategy used to treat hormone receptor-positive breast cancer. This approach targets cancer cell survival pathways and degrades estrogen receptors to inhibit tumor growth and overcome resistance to hormonal therapies. For instance, in November 2023, AstraZeneca, a UK-based pharmaceutical industry company, received approval from the U.S. Food and Drug Administration (FDA) for Truqap (capivasertib), an AKT (Protein Kinase B) inhibitor, in combination with Faslodex (fulvestrant), a selective estrogen receptor degrader (SERD). It is approved for treating adult patients with hormone receptor (HR)-positive, HER2-negative locally advanced or metastatic breast cancer who have specific biomarker alterations, namely PIK3CA, AKT1, or PTEN. This approval is significant as it targets patients who have progressed on at least one endocrine-based therapy or experienced recurrence within 12 months after completing adjuvant therapy.

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Major Key Players of the Market:

Pfizer Inc, F. Hoffmann-La Roche AG, Merck & Co. Inc, Novartis AG, Sanofi S.A, AstraZeneca PLC, GlaxoSmithKline plc, Eli Lilly and Company, Viatris Inc, Teva Pharmaceutical Industries Ltd., Fresenius Kabi AG, Sun Pharmaceutical Industries Ltd., Ipsen S.A., Cadila Pharmaceuticals Ltd., Intas Pharmaceuticals Limited, Dr. Reddy's Laboratories Ltd., Hikma Pharmaceuticals PLC, Amneal Pharmaceuticals Inc., Lupin Limited, Glenmark Pharmaceuticals Limited, Alvogen Inc., Alembic Pharmaceuticals Limited, Olema Pharmaceuticals Inc, Cipla Inc, Criterium Inc

Estrogen Blockers Market 2024 Key Insights:

• The estrogen blockers market size is expected to see strong growth in the next few years. It will grow to $12.37 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
• Rising Prevalence Of Breast Cancer Boosts Growth Of Estrogen Blockers Market
• Advancements In Breast Cancer Treatment With Combination Treatment Of Estrogen Blockers
• North America was the largest region in the estrogen blockers market in 2023

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