The breast cancer therapeutics market size is projected to grow from US$ 31,073.52 million in 2022 to US$ 63,967.05 million by 2030; it is estimated to record a CAGR of 9.4% during 2022–2030.
Market Insights and Analyst View:
Breast cancer therapeutics is a method of managing breast cancer by using therapeutic approaches such as chemotherapy, targeted therapy, hormone therapy, surgery, and various drugs. These therapies help restrict the growth and multiplication of cancer cells in the breast. The number of patients suffering from breast cancer globally is a key factor accelerating the growth of the market. In addition, the constant launch of new drugs at the global level by established companies fuels the growth of the market. Also, the growing drug pipeline for breast cancer treatment is increasing the competition and driving investment in the breast cancer therapeutics market
Growth Drivers:
Advancements in personalized medicine, immunotherapy, combination therapies, drug delivery systems, liquid biopsies, AI, and patient-centric approaches are expected to shape the future of breast cancer treatment. These trends aim to improve treatment outcomes, reduce side effects, and enhance breast cancer patients' overall quality of life.
Early disease detection plays a major role in improving patient outcomes and survival rates. Various organizations and healthcare providers are implementing screening programs to detect breast cancer at an initial stage when it is more treatable. The World Health Organization released a new Global Breast Cancer Initiative Framework in February 2013 that serves as a plan for fulfilling the goal of saving 2.5 million people from breast cancer by 2040. To achieve this, the new Framework, unveiled ahead of the World Cancer Day campaign, urges nations to follow the three pillars of health promotion for early detection, prompt diagnosis, and thorough management of breast cancer. These programs often include mammography, clinical breast exams, and self-breast exams to identify any abnormalities or signs of breast cancer. Implementing these programs has increased awareness and early detection of breast cancer cases, resulting in higher demand for effective therapeutics.
In addition, many advancements in diagnostic technologies have been witnessed across the globe. The National Library of Medicine states that early detection and precise diagnosis are essential for enhancing prognosis. Breast cancer assessment frequently makes use of radiographic imaging modalities such as digital mammography (DM), digital breast tomosynthesis (DBT), magnetic resonance imaging (MRI), ultrasound, and nuclear medicine procedures. Histopathology (HP) is the gold standard for determining the presence of cancer. Furthermore, using artificial intelligence (AI) technology to depict medical images quantitatively has significant potential for improving breast cancer segmentation, diagnosis, and prognosis. These technologies help healthcare providers identify the extent and characteristics of the tumor, allowing them to develop personalized treatment plans. Thus, the launch of diagnostic and screening programs, coupled with advancements in diagnostic technologies, contributes to the breast cancer therapeutics market growth.
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Breast Cancer Therapeutics Market: Strategic Insights
Market Size Value in US$ 31,073.52 million in 2022 Market Size Value by US$ 63,967.05 million by 2030 Growth rate CAGR of 9.4% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Breast Cancer Therapeutics Market: Strategic Insights
| Market Size Value in | US$ 31,073.52 million in 2022 |
| Market Size Value by | US$ 63,967.05 million by 2030 |
| Growth rate | CAGR of 9.4% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Report Segmentation and Scope:
The “Breast Cancer Therapeutics Market” is segmented on the basis of drug therapy, breast cancer type, distribution channel, and geography. Based on drug therapy, the market is segmented into targeted drug therapy, hormonal drug therapy, chemotherapy, and immunotherapy/biological therapy. In terms of breast cancer type, the breast cancer therapeutics market is segmented into hormone receptor, HER2+, and triple-negative breast cancer. Based on distribution channel, the market is categorized into hospital pharmacies, drug stores and retail pharmacies, and online pharmacies. The breast cancer therapeutics market, based on geography is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Spain, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Segmental Analysis:
The breast cancer therapeutics market, by drug therapy, is segmented into targeted drug therapy, hormonal drug therapy, chemotherapy, and immunotherapy/biological therapy. The targeted drug therapy segment held the largest share of the market in 2022 and is estimated to register the highest CAGR in the market during 2022–2030. Targeted drugs block the growth of breast cancer cells either by destroying cancer cells or slowing down their growth. Currently, targeted therapy is normally used in combination with traditional chemotherapy. Targeted therapy helps block the action of an abnormal protein (such as HER2) that promotes the growth of breast cancer cells. The targeted therapy is divided into abemaciclib, ado-trastuzumab emtansine, Palbociclib, trastuzumab, and others. Trastuzumab (Herceptin) or lapatinib (TYKERB) can be prescribed to a woman whose lab tests reveal that her breast tumor contains an excessive amount of HER2. Kadcyla, Afinitor/Afinitor Disperz/Zortress, and Lynparza are a few of the crucial targeted therapeutic products. In August 2023, the Food and Drug Administration (FDA) approved trastuzumab deruxtecan (Enhertu) for adults with non-small cell lung cancer with a certain kind of mutation in the HER2 gene. It is regarded as the first targeted therapy for HER2-mutant lung cancer.
Targeted therapy has gained notable traction in developed and emerging countries to treat breast cancer. With new product launches and the availability of an overwhelming number of medications, the targeted therapy segment is expected to hold a significant share of the breast cancer therapeutics market.
Breast Cancer Therapeutics Market, by Drug Therapy – 2022 and 2030
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Based on breast cancer type, the breast cancer therapeutics market is segmented into hormone receptor, HER2+, and triple-negative breast cancer. The hormone receptor segment held the largest market share in 2022 and is anticipated to grow at the fastest rate during 2022–2030. Estrogen and progesterone promote the growth of several breast cancers, known as hormone-sensitive or hormone-dependent breast cancers. Hormone receptors are proteins found on the surface of breast cancer cells that interact with hormones in the body and get activated when hormones bind to them. The activated receptors initiate changes in the expression of particular genes, stimulating cell growth. Hormone therapy is a common type of treatment for hormone receptor-positive breast cancer, including SERMs and aromatase inhibitors, representing a significant proportion of all incidence cases. The hormone receptor segment is likely to experience growth due to an increasing number of breast cancer cases diagnosed yearly.
Based on distribution channel, the breast cancer therapeutics market is segmented into hospital pharmacies, drug stores and retail pharmacies, and online pharmacies. The hospital pharmacies segment held the largest market share in 2022. The online pharmacies segment is anticipated to register the highest CAGR during 2022–2030. The hospital pharmacy plays a crucial role in the management of breast cancer therapeutics. They are responsible for compounding and dispensing, monitoring drug safety, medication management, educating patients, and other factors. Breast cancer is one of the most widespread cancers worldwide, and the demand for effective therapeutics is steadily increasing. Hospital pharmacies are responsible for procuring, storing, and dispensing chemotherapy medications and other treatments related to breast cancer to ensure that patients receive the right treatment in time. These pharmacies are also in authority to manage the inventory and storage of these drugs, ensuring that they are stored and handled in accordance with strict regulations. Their collaborative efforts with oncologists and healthcare teams ensure that breast cancer patients receive optimal, personalized therapeutics and comprehensive care throughout their treatment journey. Hospital pharmacies remain instrumental in delivering timely and effective breast cancer treatments, significantly impacting patients’ outcomes in battling the disease.
High dependency of patients on these pharmacies for chemotherapy medications and administration of therapies, growing demands from patients for various treatments, and enhanced availability of medication in hospital pharmacies favor the growth of the segment.
Regional Analysis:
Based on geography, the breast cancer therapeutics market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. North America captured a significant share of the global market in 2022. The market growth in the region is attributed to the rising prevalence of breast cancer and rising R&D investments for developing novel treatments. In addition, a growing number of market players are expanding their geographical footprint in North American countries. Breast cancer is one of the most common types of cancer and has a sizable market for therapies. According to the Centers for Disease Control and Prevention, in 2020, 239,612 new cases of breast cancer were reported among women in the US, of which ~42,273 have succumbed to death. For every 100,000 women, 119 new breast cancer cases in women were reported, of which nearly 19 have died. Additionally, in 2022, according to the Canadian Cancer Society, about 28,600 Canadian women were diagnosed with breast cancer, accounting for about 25% of all new cancer cases in women.
Chemotherapy, immunotherapy, targeted therapy, and hormonal therapy are a few of the available therapeutic options. While hormonal therapy seeks to stop the hormones that support the growth of specific forms of breast cancer, chemotherapy uses medicines to destroy cancer cells. Immunotherapy uses the body's immune system to combat cancer cells, whereas targeted therapy concentrates on specific chemicals implicated in cancer growth. The need for efficient therapies is partly fueled by the nation's high prevalence of breast cancer.
Furthermore, improvements in medical technology and research have sparked the creation of ground-breaking treatments that can enhance patient outcomes. Several large pharmaceutical companies, including Pfizer, Novartis, Roche, AstraZeneca, and Eli Lilly, dominate the therapeutic market for breast cancer in the US. These businesses make significant investments in research and development to introduce novel and enhanced medicines to the market. Regulations and policies put in place by the government also affect the market. New medications and therapies for breast cancer treatment are approved by the government agencies of the Food and Drug Administration (FDA). Therefore, in the upcoming years, the therapeutic market for breast cancer is anticipated to expand further.
Industry Developments and Future Opportunities:
Various initiatives taken by key players operating in the global breast cancer therapeutics market are listed below:
- In February 2023, Gilead Sciences, Inc. received US Food and Drug Administration (FDA) approval Trodelvy (sacituzumab govitecan-hziy) for the treatment of adult patients with unresectable locally advanced or metastatic hormone receptor (HR)-positive, human epidermal growth factor receptor 2 (HER2)-negative breast cancer who have received endocrine-based therapy and at least two additional systemic therapies in the metastatic setting..
- In November 2022, Eli Lilly and Company launched the additional indication for Ramiven (abemaciclib), following approval from the Drugs Controller General of India (DCGI), in combination with endocrine therapy for adjuvant treatment in adult patients with Hormone Receptor (HR)-positive, HER2 negative, node-positive EBC at high risk of recurrence.
- In January 2020, Eisai Co., Ltd launched the in-house developed anticancer agent Halaven in China. In China, Halaven received new drug approval for its use in treating patients with locally advanced or metastatic breast cancer, previously treated with at least two prior chemotherapy regimens.
Competitive Landscape and Key Companies:
Eli Lilly and Co, Eisai Co Ltd, Novartis AG, AstraZeneca Plc, Pfizer Inc, Gilead Sciences Inc, Merck & Co Inc, Genentech Inc, Teva Pharmaceutical Industries Ltd, and Amgen Inc are among the major breast cancer therapeutics companies. These companies focus on new technologies, advancements in existing products, and geographic expansions to meet the growing consumer demand worldwide.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Drug Therapy, Breast Cancer Type, Distribution Channel, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Breast cancer is when the breast's cells proliferate out of control. Breast cancer comes in several forms. Which breast cells develop into cancer determines the type of breast cancer. The ducts or lobules are where most breast cancers start. Blood and lymph vessels are two ways breast cancer can travel outside the breast. Its treatment depends on the stage of cancer. It may consist of chemotherapy, radiation, hormone therapy and surgery.
In 2022, the hospital pharmacies segment held the largest share of the market. However, the online pharmacies segment is estimated to grow at the highest CAGR from 2022-2030. The hospital pharmacy plays a crucial role in managing breast cancer therapeutics. They are responsible for compounding and dispensing, monitoring drug safety, medication management, educating patients, and other factors. Breast cancer is one of the most widespread cancers worldwide, and the demand for effective therapeutics is steadily increasing.
The breast cancer therapeutics market was valued at US$ 31,073.52 million in 2022.
In 2022, the hormone receptor segment held the largest share of the market and is expected to grow at the fastest rate during the coming years. Hormone therapy is a common treatment for hormone receptor-positive breast cancer, including SERMs and aromatase inhibitors, representing a significant proportion of all incidence cases. The hormone receptor segment is likely to experience growth due to an increasing number of breast cancer cases diagnosed yearly.
The breast cancer therapeutics market has major market players, including Eli Lilly and Co, Novartis AG, AstraZeneca Plc, Pfizer Inc, Gilead Sciences Inc, Merck & Co Inc, Genentech Inc., Teva Pharmaceutical Industries Ltd, and Amgen Inc.
Key factors driving the market growth are growing burden of breast cancer and launch of several diagnostics and screening programs. However, high cost of diagnosis and treatments hinders the market growth.
The breast cancer therapeutics market is expected to be valued at US$ 63,967.05 million in 2030.
The breast cancer therapeutics market, by drug therapy, is segmented into targeted drug therapy, hormonal drug therapy, chemotherapy, and immunotherapy/ biological therapy. In 2022, the targeted drug therapy segment held the largest share of the market and is expected to grow at the fastest rate during the coming years. Targeted drugs block the growth of breast cancer cells either by destroying cancer cells or slowing down their growth. Currently, targeted therapy is normally used in combination with traditional chemotherapy. Targeted therapy helps block the action of an abnormal protein (such as HER2) that promotes the growth of breast cancer cells.
The List of Companies - Breast Cancer Therapeutics Market
- Eli Lilly and Co,
- Eisai Co Ltd
- Novartis AG
- AstraZeneca Plc
- Pfizer Inc
- Gilead Sciences Inc
- Merck & Co Inc
- Genentech Inc
- Teva Pharmaceutical Industries Ltd
- Amgen Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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