The global breast cancer drugs market size is expected to grow from $28.45 billion in 2021 to $31.58 billion in 2022 at a compound annual growth rate (CAGR) of 11.0%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global breast cancer drug market size is expected to reach $45.06 billion in 2026 at a CAGR of 9.3%.
What is the Global Breast Cancer Drugs Market?
The breast cancer drugs market consists of sales of breast cancer drugs and related services. This industry includes establishments that produce drugs used in chemotherapy, surgery and radio therapy for treating breast cancer.
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What drives the Global Breast Cancer Drugs Market?
The increasing prevalence of breast cancer is driving the breast cancer drugs market. Breast cancer is the most common type of cancer among women and affects around 2.1 million women each year. According to the World Health Organization, breast cancer effected 2.3 million women globally in 2020, with 685 000 fatalities. The factors responsible for breast cancer include heredity, age, lifestyle of a person and is more common in developed countries. As the number of people diagnosed with breast cancer rises, the demand for breast cancer drugs increases, thereby driving market growth.
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Global Breast Cancer Drugs Market Segments
The global breast cancer drugs market is segmented:
By Type: Metastatic Breast Cancer, Triple Negative Breast Cancer, Others (Ductal Carcinoma Insitu, Invasive Ductal Carcinoma, Inflammatory Breast Cancer, Breast Cancer During Pregnancy, Others)
By Drug Type: HER2 Inhibitors, Mitotic Inhibitors, Anti-Metabolites, Aromatase Inhibitors, Hormonal Receptors
By End-User: Ambulatory, Hospitals, Clinics, Others
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies/ Drug Stores, Others
By Geography: The regions covered in the breast cancer drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Breast Cancer Drugs Global Market Report 2022 provides market size and growth forecasts for the global breast cancer drugs market, global breast cancer drugs market share, breast cancer drugs market segments and geographies, breast cancer drugs market competitive landscape including leading competitors’ revenues, profiles and market shares. The breast cancer drugs market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Breast Cancer Drugs Industry Players include F. Hoffmann-La Roche Ltd, Novartis AG, AstraZeneca, Eli Lilly and Company, Celgene Corporation, Biocon, Merck & Co. Inc., Genzyme Corporation, Janssen Global services LLC and MacroGenics Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
