Press release
Phesgo Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Phesgo
The increasing incidence of breast cancer is expected to propel the growth of the Phesgo market going forward. Breast cancer is a type of cancer that begins in the cells of the breast, typically in the milk ducts or lobules, and can spread to other parts of the body. The increasing incidence of breast cancer is attributed to factors such as aging populations, genetic predisposition, lifestyle changes, environmental exposures, and hormonal influences. Phesgo helps breast cancer patients by delivering a convenient, fixed-dose combination of pertuzumab and trastuzumab, two targeted therapies that work synergistically to inhibit the HER2 protein responsible for tumor growth and progression while reducing administration time and improving the overall treatment experience. For instance, according to the American Cancer Society, a US-based professional organization, the number of new breast cancer cases in the United States rose from 300,590 in 2023 to 313,510 in 2024. Therefore, the increasing incidence of breast cancer is driving the growth of the Phesgo market.
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What growth opportunities are expected to drive the phesgo market's CAGR through 2034?
The Phesgo market size has experienced XX (HCAGR) in recent years. It is expected to increase from $XX million in 2024 to $XX million in 2025, at a compound annual growth rate (CAGR) of XX%. The growth in the historic period is driven by rising awareness of HER2-positive breast cancer, the growing variety of HER2-targeted therapies, pharmaceutical investments, government healthcare initiatives, and favorable reimbursement policies.
The Phesgo market size is expected to reach $XX million by 2029, with a CAGR of XX%. The expanding biologics sector, growth in healthcare infrastructure, the rising use of combination therapies, and increasing preference for targeted therapies will contribute to its growth. Major trends include advancements in cancer immunotherapy, innovations in cancer treatment, technological advancements in drug delivery, improvements in HER2 testing, and the integration of digital health platforms.
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What are the emerging trends shaping the future of the phesgo market?
Operating trends in the phesgo market are centered around developing groundbreaking treatments, such as combination therapies with monoclonal antibodies, to increase treatment success rates and positively impact patient experiences in cancer care. The combination therapy involves using two or more monoclonal antibodies at the same time to address various facets of a disease, thus often enhancing treatment efficacy and mitigating possible resistance mechanisms. For example, in November 2023, Phesgo combination for Subcutaneous Injection MA, IN was introduced by Chugai Pharmaceutical Co. Ltd., a pharmaceutical entity based in Japan. Phesgo fuses pertuzumab and trastuzumab, both monoclonal antibodies, along with hyaluronidase alfa, in a singular injectable medication designed to address HER2-positive breast cancer and advanced HER2-positive colorectal cancer. This presents a simpler subcutaneous administration option as compared to intravenous infusion.
Which growth-oriented segments of the phesgo market are leading the industry's development?
The phesgo market covered in this report is segmented -
1) By Indication: Early Breast Cancer; Metastatic Breast Cancer
2) By Formulation: Subcutaneous Injection; Intravenous Infusion
3) By Distribution Channel: Direct Sales; Online Pharmacies; Wholesale Distributors
4) By End User: Hospitals; Oncology Clinics; Home Healthcare
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What regions are leading the charge in the phesgo market?
North America was the largest region in the phesgo market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the phesgo market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the phesgo market?
Major companies operating in the phesgo market are F. Hoffmann-La Roche AG; Chugai Pharmaceutical Co. Ltd.
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What Is Covered In The Phesgo Global Market Report?
•Market Size Forecast: Examine the phesgo market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the phesgo market for a structured understanding.
•Key Players Overview: Analyze major players in the phesgo market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the phesgo market.
•Segment Contributions: Evaluate how different segments drive overall growth in the phesgo market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the phesgo market.
•Industry Challenges: Identify potential risks and obstacles affecting the phesgo market.
•Competitive Landscape: Review strategic developments in the phesgo market, including expansions, agreements, and new product launches.
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