Global Breast Cancer Therapeutics Market: Overview
Changes in lifestyle and obesity are some of the key risk factors causing breast cancer. The incidence of the disease is more prevalent in women than in men, and is aggravated by the presence of several co-morbidity factors, with no clear causes. According to Breastcancer.org, a non-profit organization working on the diagnosis, treatment, and management of the disease, about one in eight women in the U.S. is likely to develop invasive breast cancer over the lifetime span. It is understood that hormone replacement therapy (HRT) occupied a significant role in bringing down the incidence rate among women in the U.S. since 2000.
The growing awareness of the prevalence of breast cancer and recent advances in targeted therapies have positively impacted the growth of the market. Constant efforts by researchers and clinicians in discovering new and better targets for cancer cell growth bode well for the market growth. The growing initiatives related to the development and marketing of next-generation diagnostic assays is expected to open new avenues for therapeutics for the breast cancer therapeutics market.
The report offers in-depth insights into the key market dynamics, recent technological advances in treatment therapies, emerging opportunities in various regions, and competitive landscape. The study takes a closer look at the scope of major drug classes, recent developments in targeted therapies in cancer, and the factors driving the major regional markets.
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Global Breast Cancer Therapeutics Market: Trends and Opportunities
The growing incidence of breast cancer in women due to the presence of several risk factors and the growing prevalence of obesity due to unhealthy lifestyle modifications are some of the key factors driving the breast cancer therapeutics market. The indiscriminate intake of oral contraceptives and other estrogen-modifying drugs by women are considered to augment the risk factors, favorable impacting the growth of the market. The rapidly expanding geriatric populations in developing and developed nations has also catalyzed the growth of the market. The growing popularity of companion diagnostics among pharmaceutical companies is expected to expand the potential of targeted therapies in the treatment of this multifaceted disease.
Recent research and development activities related to the discovery of efficacious treatments in developed regions are expected to boost the market. In addition, the trend of several pharmaceutical and biotechnology companies making substantial investments in developing targeted therapies is expected to bode well in the coming years. Numerous regional players are developing generic drugs to address a large chunk of unmet demands of patients with breast cancer, which is expected to boost the breast cancer therapeutics market. The recent discovery of potential targets and the use of effector proteins as anticancer agents are expected to open up promising prospects over the forecast period.
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Global Breast Cancer Therapeutics Market: Regional Outlook
Currently, North America is a prominent market for breast cancer therapeutics and the regional market occupies a substantial share. The prominence of the market share is driven by the presence of several favorable insurance schemes. The growing popularity of HER2 (from human epidermal growth factor receptor 2) to meet the demand for generic drugs is attributed to the patent of various biologic drugs in the region. This is expected to significantly boost the regional market over the forecast period. The incidence and prevalence of breast cancer is expected to support the stellar growth of the North America market for breast cancer therapeutics.
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Global Breast Cancer Therapeutics Market: Companies mentioned in the report
Several players are actively focusing on research and development activities to launch new drug classes and therapies. They are also acquiring small regional companies to consolidate their product portfolio. Major players operating in the cancer therapeutics market include Sanofi S.A., Novartis, Puma Biotechnology, F. Hoffmann-La Roche Ltd., Pfizer, Inc., AstraZeneca plc, Eli Lilly and Company, and GlaxoSmithKline plc.
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