Global Breast Cancer Therapeutics Market is Anticipated to Reach US$55.8B by 2030 from US$34.8B in 2024
A new report from Industry Experts Inc, on "Breast Cancer Therapeutics," is published. According to this new global market research report, worldwide demand for Breast Cancer Therapeutics is estimated at US$34.8 billion in 2024 and is anticipated to record a CAGR of 8.2% during the 2024-2030 analysis period and stand at a projected US$55.8 billion by 2030.
The breast cancer therapeutics market growth is driven by an increasing prevalence of breast cancer, greater awareness of early detection, and advancements in treatment technologies such as targeted therapies and immunotherapies. Focusing on personalized medicine, especially HER2-targeted therapies and immunotherapies, has improved patient outcomes. Moreover, the surge in innovative treatment options is being contributed by supportive government initiatives and increased investment in research and development by pharmaceutical companies.
The hormone receptor segment dominates the breast cancer therapeutics market, capturing 67.3% of the market share in 2024 due to the rising prevalence of hormone receptor-positive breast cancer cases. Hormone receptors, primarily estrogen and progesterone, are essential for cell growth as they serve as signal receivers on breast cells. On the other hand, the HER2-Positive (HER2+) segment is projected to be the fastest-growing market with a CAGR of 9% during the forecast period 2024-2030.
Breast cancer therapeutics global market analyzed in this report across all major regions including North America (The United States, Canada, and Mexico), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World.
The report explores the breast cancer therapeutics market with respect to Therapy Type – Targeted therapy, Hormonal therapy, Chemotherapy and Immunotherapy; Cancer Type – Hormone Receptor and HER2-Positive (HER2+); and Distribution Channel – Hospital Pharmacies, Retail Pharmacies and Online Pharmacies.
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