The Business Research Company’s report on the Breast Cancer Drugs Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the breast cancer drugs market’s growth in recent years?
The increasing prevalence of breast cancer is driving the breast cancer drug market. Breast cancer is a type of cancer that originates in the cells of the breast. It occurs when breast cells begin to grow uncontrollably, forming a tumor that can often be felt as a lump or seen on imaging tests. The increasing prevalence of breast cancer is due to a combination of factors, including aging populations, lifestyle changes, genetic predispositions, and improved detection methods. Breast cancer drugs enhances the cancer treatment by targeting cancer cells, reducing tumor growth, preventing the spread of cancer, and improving patient survival rates through personalized therapies. For instance, in September 2022, according to the National Center for Biotechnology Information, a US-based government agency, by 2040 the annual number of newly diagnosed breast cancer cases is expected to rise by over 40%, reaching approximately 3 million. The factors responsible for breast cancer include the heredity, age, and lifestyle of a person, and are more common in developed countries. As the number of people diagnosed with breast cancer rises, the demand for breast cancer drugs increases, thereby driving the growth of the breast cancer drugs market.
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How does the future projection of the breast cancer drugs market size compare to its historical growth?
The breast cancer drugs market size has grown strongly in recent years. It will grow from $39.66 billion in 2024 to $43.14 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to increasing incidence of breast cancer, advancements in research and development, screening and early detection, evolving treatment guidelines, healthcare infrastructure development.
The breast cancer drugs market size is expected to see strong growth in the next few years. It will grow to $58.23 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to rising aging population, emerging markets, supportive policies and regulations, patient advocacy and awareness. Major trends in the forecast period include personalized medicine, targeted therapies and immunotherapies, clinical trials and drug pipeline, combination therapies, biomarker-driven treatments, telemedicine and remote monitoring.
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Which key players are shaping the future of the breast cancer drugs market?
Major companies operating in the breast cancer drugs market include F. Hoffmann-La Roche Ltd., Novartis AG, AstraZeneca PLC, Eli Lilly and Company Inc., Biocon Limited, Merck & Co. Inc., Genzyme Corporation, Johnson & Johnson, MacroGenics Inc., Celldex Therapeutics Inc., Onyx Pharmaceuticals Inc., BioNumerik Pharmaceuticals Inc., AbbVie Inc., Pfizer Inc., OncoGenex Pharmaceuticals Inc., Astellas Pharma Inc., Bristol-Myers Squibb Company, Bayer AG, GlaxoSmithKline plc, Teva Pharmaceutical Industries Ltd., Abbott Laboratories, Apthera Inc., Oncothyreon Inc., BiPar Sciences Inc., Puma Biotechnology Inc., Sanofi S.A., Genentech Inc., Sun Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, Eisai Co. Ltd., Mylan N.V., Dr. Reddy’s Laboratories Ltd., Accord Healthcare Limited, Alkem Laboratories Limited, Natco Pharma Limited, Fresenius Kabi AG, Lupin Limited, Glenmark Pharmaceuticals Limited
What trends will propel the growth and evolution of the breast cancer drugs market?
Manufacturers of breast cancer drugs are increasingly collaborating or partnering with other companies to share technology, resources, and product knowledge and expand the business. For instance, AstraZeneca entered into a partnership deal worth $6.9 billion for the development of a breast cancer drug. According to the deal, the companies will jointly develop the drug trastuzumab deruxtecan and will share development and commercialization costs for the drug worldwide. Novartis collaborated with IBM Watson Health for the development of a solution that can determine drug combinations and sequences for the best patient outcomes.
Which regions are expected to become dominant players in the breast cancer drugs market?
North America was the largest region in the breast cancer drugs market in 2023. The Middle East is expected to be the fastest-growing region in the breast cancer drugs market during the forecast period. The regions covered in the breast cancer drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the emerging key segments in the breast cancer drugs market, and how are they evolving?
The breast cancer drugs market covered in this report is segmented –
1) By Type: Metastatic Breast Cancer, Triple Negative Breast Cancer, Others (Ductal Carcinoma Insitu, Invasive Ductal Carcinoma, Inflammatory Breast Cancer, Breast Cancer During Pregnancy, Others)
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies/ Drug Stores, Other Distribution Channels
3) By End User: Ambulatory, Hospitals, Clinics, Other End-Users
Subsegments:
1) By Metastatic Breast Cancer: Hormone Receptor Positive Metastatic Breast Cancer, HER2 Positive Metastatic Breast Cancer, Triple Negative Metastatic Breast Cancer
2) By Triple Negative Breast Cancer: Chemotherapy-Based Treatments, Immunotherapy-Based Treatments, Targeted Therapy
3) By Others: Ductal Carcinoma In Situ (DCIS), Invasive Ductal Carcinoma (IDC), Inflammatory Breast Cancer (IBC), Breast Cancer During Pregnancy, Other Subtypes (Lobular Carcinoma, Paget’s Disease of the Breast)
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How is the breast cancer drugs market defined?
Breast cancer drugs refer to anti-cancer medications that can be taken orally or intravenously (injected into a vein). The majority of the body’s cancer cells are reached by the medications via the bloodstream. Chemotherapy may occasionally be administered directly into this region if cancer has spread to the spinal fluid, which surrounds and protects the brain and spinal cord (called intrathecal chemotherapy).
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