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Invasive Ductal Carcinoma Treatment Market to Register Substantial Expansion by 2025
According to WHO, breast cancer accounted for 11.9 percent of the total cancer cases reported and resulted in 5, 22,000 deaths worldwide IN 2012. According to the American Cancer Society, more than 180,000 women in US are found to have invasive breast cancer every year and most of them are detected with invasive ductal carcinoma. Thus, the demand for treatment is progressive.
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Invasive Ductal Carcinoma Market: Drivers & Restraints
Invasive Ductal Carcinoma market is rapidly evolving market because of increase in the number of patients increase in aging population and more available treatment options. Other factors like support from the government and initiatives of nonprofit organizations increase the awareness and more available screening techniques can diagnose more suspects and thus will grow the treatment market. The expense in the treatment limits its affordability and availability to all the sections of the society and curbs the market growth. Some other factors like drug resistance, side-effects, lack of awareness also limits the market growth. Less painful, more effective and affordable treatment is the need required for the growth of Invasive Ductal Carcinoma treatment market. Improvisation in the available drugs and the delivery systems for the treatment is the key challenge for the biopharmaceutical industries.
Breast cancer is the second leading cause of cancer deaths in women and Invasive Ductal Carcinoma consists of 80% of Breast Cancer. Thus, high prevalence in the world fuels the treatment market. Several unmet needs in this direction encouraging more R&D investments. Many drugs in the pipeline is also going to increase the market. Despite of high cost involved, Biopharmaceutical industries are investing more in this sector because of the probable future market growth, competition and no sign of slowing down.
A geographic condition regarding the castration-resistant prostate cancer treatment market, it has been segmented into five key regions: North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa. Current trend shows that North America dominates the global market for Invasive Ductal Carcinoma Treatment followed by Europe because of large number of patient pool, availability of high throughput technology and reimbursement scenario in these countries. Asia- Pacific also shows future increase in the market because of increasing patients with breast cancer, more government initiatives, increasing R&D investments, growing economies and other factors.
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Some of the global key players in the Invasive Ductal Carcinoma Treatment Market includes Eli Lilly and Company, Merck & Co., Inc., Pfizer Inc, Celgene Corporation, GlaxoSmithKline plc, Sun Pharmaceutical Industries Ltd., Biocon, Novartis AG, AbbVie Inc., AstraZeneca plc. and others.
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