New York, NY, April 22, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Breast Cancer Treatment Market By Types (Invasive Lobular Carcinoma, Invasive Ductal Carcinoma, and Others), by Treatment (Surgery & Radiation Therapy, Targeted Therapy, Chemotherapy, Biologic Therapy, and Hormone Therapy), End Users (Private Pharmacies, and Hospital Pharmacies): Global and Regional Industry Perspectives, Comprehensive Analysis, and Forecasts, 2020 – 2026”.
“According to the research report, the global Breast Cancer Treatment Market was estimated at USD 19.24 Billion in 2019 and is expected to reach USD 34.06 Billion by 2026. The global Breast Cancer Treatment Market is expected to grow at a compound annual growth rate (CAGR) of 8.5% from 2019 to 2026”.
Breast Cancer Treatment Market: Key Market Insights Overview
Post diagnosis, cancer therapy requires different procedures depending upon the form and severity of cancer. The cancer care market is increasing at a substantial pace due to the rise in the occurrence of cancer cases, growing knowledge among people about different stages, and availability of treatment of cancer. Breast cancer treatment relies on different factors, such as breast cancer origin, tumor size, and breast cancer phase, and cancer grade. Operations, radiation therapy, chemotherapy, hormone therapy, targeted therapy, and bone-led therapy are some of the most popular approaches used in the management of breast cancer. In 2012, breast cancer accounted for 11.9% of the estimated cases of cancer recorded and resulting in 5.22,000 deaths worldwide, according to GLOBOCA, a program of the World Health Organisation, which examined the frequency, death, and prevalence of important forms of cancer in countries.
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- 2020 Updated Report Introduction, Overview, and In-depth industry analysis
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Key Questions Answered in this Report
1) What were the pre and post-business impacts of COVID-19 on the Breast Cancer Treatment Market?
2) What is the market size, share of the Breast Cancer Treatment Market?
3) Who are the top market players in the Breast Cancer Treatment Market?
4) What will be the future market of the Breast Cancer Treatment Market?
Key Offerings:
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
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Breast Cancer Treatment Market: Industry Major Market Players
- Pfizer
- AstraZeneca
- BioNumerik Pharmaceuticals
- Eli Lilly and Company
- Novartis AG
- Apthera Inc.
- Puma Biotechnology
- Gilead Sciences Inc.
- Bipar Sciences
- Oncogenex
- Astellas
- Teva Pharmaceutical Industries
- Sanofi S.A.
- Genentech
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It is anticipated that the status of breast cancer as one of the world's most prevalent cancers is a major driver of the global market. With the diagnosis of breast cancer in patients worldwide, the patient's need for precise and timely care remains unrivaled. In addition, the clear pattern of continuing research and development by key players in breast cancer therapy will lead to the introduction in the coming years of advanced treatment. This trend towards new, innovative treatments such as personalized therapies and immunotherapies is projected to significantly boost global growth in the forecast period in both developed and emerging regions.
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Increasing breast cancer, higher R&D spending, and progress in cancer biology
The rising burden of breast cancer, higher R&D spending, progress in cancer biology, and pharmacology fostering drug discovery are some factors projected to drive market growth. Globocan estimated that about 2 261 419 new cancer cases worldwide were reported by 2020, accounting for approximately 11.7% of the existing cancer cases.
Besides, the increased number of breast cancer therapy-associated clinical studies during the provisioning timeframe stimulated business demand. As an example, Lemur tyrosine kinase 3 (LMTK 3) has been identified as having an essential role in cell proliferation in breast cancer by University of Sussex researchers in November 2020. Also, the studies on LMTK3 related medicines will be furthered. Such advances could provide greater possibilities for breast cancer care. Thus the demand growth over the projected timeframe is likely to intensify.
Several unsatisfactory patient needs for cancer care have stimulated research and development in breast cancer treatment. The global breast cancer care demand is driven by several reasons, such as increased cancer incidence, increasing political participation, and increasing support from numerous government and non-government organizations. Moreover, the worldwide breast cancer industry is driven by an ethical embrace of multiple therapies, such as radiation therapy, hormone therapy, and others for cancer and increasing populations of DNA vaccines. However, the global breast cancer therapy industry is restricted by lower visibility and high costs.
Innovative, improved successful therapy could provide a fair chance for the breast cancer industry. Innovation is projected to offer Moreover, amid the high costs of R&D; there has been renewed investment in this sector by pharmaceutical firms. The demand for breast cancer care is projected to deliver the positive promise.
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COVID-19 Impact on the Global Breast Cancer Treatment Market
The COVID-19 pandemic is anticipated to have both good and negative consequences for the pharmaceutical industry. During the early stages of the pandemic, some countries have enforced stringent national lockouts to prevent the transmission of coronavirus. This leads to a significant detrimental effect on the healthcare system, as patients' flow to the treatment environment has significantly decreased. Also, the effect was strengthened when certain rules indicated that non-essential or elective surgical treatments would be deferred or canceled. The COVID-19 pandemic has a small influence on this global market as it is a life-saving therapy for some patients. Simultaneously, there were certain consequences, such as limited progress, as proceedings were delayed until later in certain situations. Therefore, because of the COVID-19 pandemic, the world economy saw limited to limited growth.
The elective process was delayed until the mid COVID-19 saw a decrease in revenue. The COVID-19 pandemic has had a major impact on the demand for optional medical equipment. With COVID-19 cases worldwide growing alarmingly, countries have mostly shut down their manufacturing plants that have negatively impacted producers of medical devices. Under an article from Mondaq, medical factories are heavily dependent on China to buy important components, raw materials, and complex medical products. China is the fourth-largest supplier of medical technology in the United States. However, the closure of Chinese facilities could instantly affect the industry.
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North America Region Dominates the Global Breast Cancer Treatment Market
The world demand for breast cancer care is dominated by North America, followed by Europe. This is because the rate of cancer cases and the technical progress in the field is growing. Increasing patient groups, increasing government policies, rising economies, and healthcare standards are expected to be a cause for Asia's strong growth in the breast cancer industry. Increased R&D spending, massive patient population, and increased government support is a major driving force on the breast cancer industry in developing countries.
Browse the full “Breast Cancer Treatment Market, By Types (Invasive Lobular Carcinoma, Invasive Ductal Carcinoma, and Others), By Treatment (Surgery & Radiation Therapy, Targeted Therapy, Chemotherapy, Biologic Therapy, and Hormone Therapy), End Users (Private Pharmacies, and Hospital Pharmacies): Global and Regional Industry Perspectives, Comprehensive Analysis, and Forecasts, 2020 – 2026” report at https://www.fnfresearch.com/breast-cancer-treatment-market
The Global Breast Cancer Treatment market is segmented as follows:
By Types:
- Invasive Lobular Carcinoma
- Invasive Ductal Carcinoma
- Others
By Treatment:
- Surgery & Radiation Therapy
- Targeted Therapy
- Chemotherapy
- Biologic Therapy
- Hormone Therapy
By End Users:
- Private Pharmacies
- Hospital Pharmacies
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