Overview and Scope
Metastatic breast cancer treatment refers to medical intervention and therapies used to manage breast cancer that has spread (metastasized) from the breast to other parts of the body. The primary goals of metastatic breast cancer treatment are to ensure that patients have the longest possible survival from the disease.
Sizing and Forecast
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..
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Segmentation & Regional Insights
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
North America was the largest region in the metastatic breast cancer treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global metastatic breast cancer treatment market during the forecast period. The regions covered in the metastatic breast cancer treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the metastatic breast cancer treatment market report are Pfizer Inc., AstraZeneca plc, Novartis AG, Gilead Science Inc., Eli Lilly & Co., Merck & Co. Inc., GlaxoSmithKline plc, Johnson & Johnson Services Inc., Sun Pharmaceutical Industries Ltd., F. Hoffmann-La Roche AG, Bayer Aktiengesellschaft ., Bristol-Myers Squibb Company, Boehringer Ingelheim Gmbh, Applied Molecular Genetics Inc., Aslan Pharmaceuticals Pte. Ltd., AbbVie Inc., Eisai Co. ltd., Seattle Genetics Inc., Immunomedics Inc., Genentech Inc., MacroGenics Inc., Daiichi Sankyo Company Lmited, Takeda Pharmaceutical Company Lmited, Sanofi S.A., Celgene Corporation, Exelixis Inc., Array BioPharma Inc., Athenex Inc., BioMarin Pharmaceutical Inc., Clovis Oncology Inc., Cyclacel Pharmaceuticals Inc., Immunovative Therapies Ltd., Inovio Pharmaceuticals Inc., Karyopharm Therapeutics Inc., Mersana Therapeutics Inc., Myriad Genetics Inc., Nektar Therapeutics Inc.
The metastatic breast cancer treatment market report table of contents includes:
1. Executive Summary
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