Industry Background:
HER2 treatments are a class of drugs that are used to treat HER2-positive breast cancer at all stages, from early-stage to metastatic. Breast cancer that has spread to other regions of the body, such as the bones or liver, is known as metastatic breast cancer. The HER2 gene malfunctions in HER2-positive breast cancer and produces too many copies of itself. These additional HER2 genes result in an excess of HER2 receptor proteins. The HER2 receptors on the surface of breast cells are similar to ears or antennae. Signals are received by the HER2 receptors, which drive the cell to grow and reproduce.
According to AMA Research, the market for HER2 Targeted Therapy is expected to register a CAGR of 6.7% during the forecast period to 2030. This growth is primarily driven by Breast Cancer Cases are Increasing is and there is a Great Demand for Effective Therapeutics.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Pharmaceuticals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Roche (Switzerland), Sanofi (France), Byondis (Netherlands), Novartis (Switzerland), Astrazeneca (United Kingdom), Daiichi Sankyo (Japan), Genentech (United States), Bristol Myers Squibb (United States), Eisai (Japan) and Kyowa Kirin (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2023, the FDA granted accelerated approval to trastuzumab deruxtecan for HER2-positive gastric or gastroesophageal junction adenocarcinoma.
In January 2022, the FDA granted accelerated approval to trastuzumab deruxtecan for HER2-positive breast cancer with brain metastases.The demand for HER2 Targeted Therapy is increasing as Breast Cancer is becoming a more Common Disease. The Leading Market Players are facing Stiff Competition. The Leading Players are engaged in organic and non-organic strategic global expansion to maintain their Market Position.
Influencing Trend:
Introduction of New ADC Kadcyla is Being Widely used in HER2+ Breast Cancer
Market Growth Drivers:
Breast Cancer Cases are Increasing is and there is a Great Demand for Effective Therapeutics
Challenges:
Side-Effects of the Drugs and the Therapy and The Therapy is Very Expensive and it Takes a Lot of Time for Completion
Restraints:
Patients Resistance to Therapy Both Primary or Acquired, is Still a Challenging Issue
Opportunities:
The Patient Population with Brain Metastases is the Most Untapped Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of HER2 Targeted Therapy Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of HER2 Targeted Therapy Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of HER2 Targeted Therapy players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, HER2 Targeted Therapy Study Sheds Light on
The HER2 Targeted Therapy Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the HER2 Targeted Therapy industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where HER2 Targeted Therapy industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.