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.
Global Breast Cancer Drugs Market Size And Drivers:
The global breast cancer drugs market is expected to grow from $14.25 billion in 2020 to $14.82 billion in 2021 at a compound annual growth rate (CAGR) of 4%. The growth 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 market is expected to reach $19.49 billion in 2025 at a CAGR of 7.1%. The increasing prevalence of breast cancer is driving the breast cancer drugs market. 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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Trends In The Global Breast Cancer Drugs Market
Manufacturers of breast cancer drugs are increasingly collaborating or partnering with other companies to share technology, resources, product knowledge and expand business. For instance, in March 2019, Astrazeneca entered into a partnership deal worth $6.9 billion for the development of a breast cancer drug. According to the deal, the companies will jointly develop the drug trastuzumab deruxtecan and will share development and commercialization costs for the drug worldwide. Novartis collaborated with IBM Watson Health for the development of a solution that can determine drug combinations and sequences for best patient outcomes.
Global Breast Cancer Drugs Market Segments:
The global breast cancer drugs market is further segmented –
By Drug Type: Her2 Inhibitors, Mitotic Inhibitors, Anti-Metabolites, Aromatase Inhibitors, Hormonal Receptor
By End User: Hospitals, Clinics, Others
By Sales Channel: Ambulatory Surgical Centers, Hospitals, Clinics, Retail Pharmacies, Online Channels
By Geography: The global breast cancer drugs market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Breast Cancer Drugs Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides breast cancer drugs market overviews, analyzes and forecasts market size and growth for the global breast cancer drugs market, breast cancer drugs market share, breast cancer drugs market players, breast cancer drugs market segments and geographies, breast cancer drugs market’s 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.
