Breast Cancer- Market Scope
Breast cancer is a type of oncological disease that develops when unhealthy cells in the breast grow and divide uncontrollably, forming a tumor. This tumor can invade surrounding tissues and potentially spread to other parts of the body through the lymphatic system or bloodstream. The ailment may not cause noticeable symptoms in the early stages; however, as cancer progresses, indications may include a lump or thickening in the breast or underarm, nipple discharge, skin ulceration, changes in breast size or shape, persistent pain, tenderness, etc. The diagnosis of this illness typically involves a combination of the patient's medical history, physical examination, and clinical findings. Various imaging studies, such as mammography, ultrasound, magnetic resonance imaging (MRI), etc., may be used to evaluate the affected region. These investigations help to visualize the breast tissue and can detect any abnormalities or suspicious areas. Furthermore, the healthcare provider may recommend a biopsy, along with its pathological analysis, to determine if cancerous cells are present and, if so, to classify the type of tumor. The increasing cases of mutations in genes that are involved in repairing damaged DNA and maintaining the stability of the cell's genetic material are primarily driving the breast cancer market. In addition to this, the rising prevalence of various associated risk factors, such as hormonal imbalance, advancing age, early menstruation or late menopause, obesity, exposure to certain radiation, etc., is also creating a positive outlook for the market. Moreover, the widespread adoption of breast-conserving surgery, which provides substantial psychological and emotional benefits for women who are willing to maintain the natural appearance of their breasts, is further bolstering the market growth.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Key Companies Profiled | Merck & Co. (United States), Bristol Myers Squibb (United States), Kyowa Kirin (Japan), Eisai Co., Ltd. (Japan), Sanofi (France), Pfizer Inc. (United States), AstraZeneca (United Kingdom), Novartis AG (Basel, Switzerland), Eli Lilly and Company (United States), Genentech (United States) and Mylan Laboratories (United States) |
CAGR | % |
Competition among existing players is due to the Breast Cancer market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Breast Cancer Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Research Analyst at AMA estimates that Global Players will contribute to the maximum growth of Global Breast Cancer- market throughout the predicted period.
Merck & Co. (United States), Bristol Myers Squibb (United States), Kyowa Kirin (Japan), Eisai Co., Ltd. (Japan), Sanofi (France), Pfizer Inc. (United States), AstraZeneca (United Kingdom), Novartis AG (Basel, Switzerland), Eli Lilly and Company (United States), Genentech (United States) and Mylan Laboratories (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Celltrion (South Korea), Fresenius Kabi (Germany), Baxter Healthcare Corporation (United States), Halozyme Inc. (United States) and GlaxoSmithKline (GSK) (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Breast Cancer- market by Type and Region with country level break-up.
On the basis of geography, the market of Breast Cancer- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2024.
Market Leaders and their expansionary development strategies
In October 2024, fashion brand Splendid partnered with NBCF by donating 50% of gross sales from their Lolly Hearts Sweaters. The proceeds supported NBCF's mission to promote early detection, education, and support services for breast cancer. Additionally, Splendid engaged their audience through social media campaigns and assembled HOPE Kits care packages designed to provide encouragement to women undergoing breast cancer treatment.
In April 2024, AstraZeneca and Daiichi Sankyo's Biologics License Application (BLA) for datopotamab deruxtecan (Dato-DXd) was approved in the U.S. for the treatment of adult patients with unresectable or metastatic hormone receptor (HR)-positive, HER2-negative (IHC 0, IHC 1+ or IHC 2+/ISH-) breast cancer who have undergone prior systemic therapy for unresectable or metastatic disease.
Influencing Trend:
Advancements in Targeted Therapies
Market Growth Drivers:
Increasing breast cancer among the population and Enhance advanced technologies developed in treating breast cancer
Challenges:
High cost of the treatment
Restraints:
Side effect of the treatment
Opportunities:
Increased initiative in developing the treatments with advanced technologies and Increasing the number of therapies
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others