The Metastatic Breast Cancer Treatment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Metastatic Breast Cancer Treatment Global Market Report 2024, The metastatic breast cancer treatment market size has grown rapidly in recent years. It will grow from $17.74 billion in 2023 to $19.95 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to advancements in systemic therapies, clinical trial success, improved diagnostic tools, patient advocacy and education.
The metastatic breast cancer treatment market size is expected to see rapid growth in the next few years. It will grow to $30.51 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to targeted therapies advancements, personalized medicine trends, rising incidence rates, global access to innovative therapies.. Major trends in the forecast period include liquid biopsy for monitoring, patient-centric approaches, enhanced supportive care, expanded access to innovative therapies, collaborative research initiatives..
The prevalence of breast cancer is expected to propel the growth of the metastatic breast cancer treatment market going forward. Breast cancer refers to a type of cancer that forms in the cells of the breast. It occurs by abnormal cells in the breast begin to grow and divide uncontrollably, forming a tumor. This shift has resulted from genetic factors, hormonal disorientation, lifestyle, and environmental factors. The metastatic breast cancer treatment helps in managing the prevalence of breast cancer by improving outcomes and quality of life for individuals living with advanced-stage disease. For instance, in September 2023, according to a report published by the American Cancer Society, a US-based non-profit organization, approximately 297,790 women are expected to receive a diagnosis of invasive breast cancer in 2023, while around 55,720 new cases of ductal carcinoma in situ (DCIS) are anticipated. Additionally, it is projected that about 43,700 women will lose their lives to breast cancer in the same year. Therefore, the prevalence of breast cancer is driving the growth of the metastatic breast cancer treatment market.
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The metastatic breast cancer treatment market covered in this report is segmented –
1) By Therapy Type: Chemotherapy, Radiation Therapy, Biologic Targeted Therapy, Breast Surgery, Hormone Therapy
2) By Molecule Type: Monoclonal Antibody, Peptides, Polymer, Small Molecule, Gene Therapy
3) By Route Of Administration: Oral, Parenteral
4) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-Users
Advanced therapeutic remedies are a key trend gaining popularity in the metastatic breast cancer treatment market. Major companies operating in the metastatic breast treatment market are advancing therapeutic remedies to sustain their position in the market. For instance, BDR Pharmaceuticals Internationals Pvt. Ltd., an India-based pharmaceutical company, launched Palbociclib with the brand name ‘BDPALBO’ in India. BDPALBO is a generic version of palbociclib for treating patients diagnosed with metastatic breast cancer. The generic version of palbociclib helps to provide cost-effective treatment options for metastatic breast cancer.
The metastatic breast cancer treatment market report table of contents includes:
1. Executive Summary
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