Increase adoption of advanced treatments and public awareness
NEW YORK, NEW YORK, USA, September 29, 2021 /EINPresswire.com/ – According to current analysis by Reports and Data, the global breast cancer therapy market was valued at $ 19.02 billion in 2018 and is expected to reach USD 40.47 billion by 2026, at a CAGR of 10.6%. Breast cancer is a tumor that is found in the breast tissue. A lump is mostly seen in the breast; It has symptoms such as a change in shape, a newly inverted nipple, or a patch of red or scaly skin and fluid coming from the nipple. The WHO has reported that breast cancer affects about 2.1 million women each year and is the leading cause of death associated with malignancy. In 2018, it was observed that 627,000 women died from breast cancer, that is to say that this represents 15% of the total deaths.
Increasing awareness of healthcare among the disease and treatment of the individual, early detection of cancer, better surgical and medical treatment, R&D initiatives and technological advancements are the factors that are driving the growth of the breast cancer therapy market. However, the high expenses in processing are holding back the growth of the market. Breast carcinoma had affected many women in North America. It has been estimated that approximately 500 women are diagnosed in the United States each day with breast carcinoma. A sedentary lifestyle and a genetic mutation are the factors associated with the risk of breast cancer in the region, leading to an increase in demand for breast cancer treatments.
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Technological advancements and rapid digitalization have streamlined the day-to-day operations of the pharmaceutical industry. The increase in drug spending due to the growing geriatric population, increasing incidence of chronic diseases, increasing number of product launches and increasing number of R&D activities are key factors contributing to growth market income. The growing attention to patient engagement solutions, the growing attention to growing unmet clinical demand, the adoption of advanced technologies to streamline workflows in the healthcare industry, and the availability of healthcare professionals. skilled healthcare have had a positive impact on the pharmaceutical and healthcare industry. The emergence of the COVID-19 pandemic has further increased attention to healthcare facilities, teleconsultation and telemedicine, and has increased the burden on the healthcare sector, forcing governments and businesses to invest heavily to meet growing global demand.
Other key findings from the report suggest
A clinical study was performed in mice with a combination of immunotherapy drugs and copper-based nanoparticles. This combination treatment was found to destroy tumor cells without resorting to chemotherapy. It was also noted that the treatment was beneficial and that the cancer did not recur; this therapy had focused on targeting and destroying tumor cells.
Asia-Pacific is expected to achieve the highest CAGR of 11.8% for the breast cancer treatment market during the forecast period owing to the increase in target population in the region, and habits such that smoking and a sedentary lifestyle have increased the incidence of breast carcinoma in the Region.
The Food and Drug Administration in 2019 granted approval to Enhertu (fam-trastuzumab deruxtecan-nxki) for the treatment of metastatic cancer. Enhertu is a conjugate of antibody directed against human epidermal growth factor receptor 2 (HER2) and topoisomerase inhibitor; this means that the drug targets changes in HER2 that facilitate the growth, division and spread of tumors, and is also linked to a topoisomerase inhibitor, which exhibits toxic effects on tumor cells.
Accelerated Partial Breast Irradiation (APBI) has been shown to be more effective than whole breast irradiation (WBI), it has also been shown to be beneficial in preventing recurrence in patients with early to low breast cancer. risk; the results were consistent with the results of the phase 3 clinical trial presented in 2019 at the San Antonio Breast Cancer Symposium (SABCS).
Roche had launched a diagnostic device called the VENTANA HER2 Dual ISH DNA Probe Cocktail assay which assists in the detection of the HER2 biomarker in breast and gastric cancer. HER2 is a human epidermal growth factor receptor 2. It is an important biomarker found in both types of cancer and has been shown to be useful in the management of aggressive cancers.
Pfizer Inc., in 2019, launched the IBRANCE product. Studies have proven the effectiveness of IBRANCE combination therapy for some patients with hormone receptor positive (HR +), human epidermal growth factor 2-negative (HER2-) b receptors and for metastatic breast cancer (MBC). . These studies were also presented at the congress of the European Society of Medical Oncology (ESMO) in Barcelona, ââSpain.
Hoffmann-La Roche LtÃ©e; Pfizer Inc .; AstraZeneca; Novartis SA; Astellas Pharma Inc .; and Eli Lilly Inc, Eisai Co., Ltd., AbbVie, Inc., Janssen Global Services LLC and Merck are the major players in the breast cancer treatment market.
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For the purpose of this report, reports and data have segmented the Breast Cancer Therapy market on the basis of drugs, radiation therapies, end use, and regions.
Drug Outlook (Revenue $ Million; 2016-2026)
Radiation Therapy Outlook (Revenue in Millions of Dollars; 2017-2024)
End-Use Outlook (Revenue $ Million; 2017-2024)
Outpatient surgery centers
The report examines in detail the major companies in the market along with their recent initiatives such as mergers and acquisitions, joint ventures, partnerships, commercial and government agreements, collaborations, brand promotions and product launches, among others. The report further examines the initiatives and investments of companies in key regions of the world such as North America, Europe, Latin America, Asia Pacific, Middle East and Africa.
Analysis of the region Covers:
North America (United States, Canada, Mexico)
Europe (UK, Italy, Germany, France, rest of Europe)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, rest of Latin America)
Middle East & Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
To conclude, the report offers a comprehensive analysis of the factors expected to drive the growth of the Global Breast Cancer Therapy Market over the forecast period 2021-2028. The report is a comprehensive document covering the market landscape and a futuristic perspective on its growth and progress. The report also provides entry-level driving and restraint factors analysis for the new entrants contributing to the market. The report also offers strategic recommendations to established players as well as new entrants to help them gain a solid foothold in the market.
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