Global HER2 Inhibitors Market To Reach Value Of About $8 Billion In 2023
The global HER2 inhibitors market is expected to decline from $6.21 billion in 2019 to $6.07 billion in 2020 at a compound annual growth rate (CAGR) of -2.19%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of several activities resulting in operational challenges. The market is then expected to recover and reach $8.29 billion in 2023 at a CAGR of 10.96%. The rise in the number of breast cancer cases across the globe is likely to contribute to the growth of the HER-2 inhibitors market during the forecast period. However, high costs associated with the treatment is a major issue faced by citizens of many countries.
Human epidermal growth factor receptor (HER2) inhibitors slow down or stop cell growth, thus reducing the risk for cancer growth.
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The global HER2 inhibitors market is further segmented based on type and geography.
1) By Treatment: Monotherapy, Combination Therapy
2) By Application: Squamous Cell Carcinoma, Adenocarcinoma, Large Cell Carcinoma, Breast Cancer, Others.
By Geography: The global HER2 inhibitors market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Trends In The HER2 Inhibitors Market
Biotechnology companies are focusing on acquiring or partnering with biopharmaceutical companies to develop and promote the HER-2 inhibitors market. There have been several partnerships in recent years which help these companies to increase their HER-2 inhibitors portfolio, enhance their revenues and share the costs.
HER2 Inhibitors Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides HER2 inhibitors market overviews, analyzes and forecasts HER2 inhibitors market size and growth for the global HER2 inhibitors market, HER2 inhibitors market share, HER2 inhibitors market players, HER2 inhibitors market size, HER2 inhibitors market segments and geographies, HER2 inhibitors market trends, HER2 inhibitors market drivers and HER2 inhibitors market restraints, HER2 inhibitors market’s leading competitors’ revenues, profiles and market shares. The HER2 inhibitors market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.