Breast Cancer Treatment Market: Current Analysis and Forecast (2022-2030)

Report Description

The Breast Cancer Treatment Market was valued at USD 32,000 million in 2021 & is expected to grow at a CAGR of ~9% from 2022-2030. The market is driven by the growing incidence of breast cancer cases, technological advancements, and the increasing demand for personalized treatments. For instance, according to World Health Organization, in  2020, there were 2.3 million women diagnosed with breast cancer globally. As of the end of 2020, there were 7.8 million women alive who were diagnosed with breast cancer in the past 5 years, making it the world’s most prevalent cancer.

Additionally, government initiatives to reduce the cost of healthcare and to provide better access to treatments are also driving the market. The market is segmented based on therapy, cancer type, end users, and geography.

The key players in the market include Roche Holding AG, Novartis AG, Pfizer, Inc., Eli Lily and Company, AstraZeneca PLC, and Merck & Co., Inc. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst therapy, the targeted therapy segment held a dominating share of the market in 2021”

Based on therapy, the market is segmented into targeted therapy, surgery and radiation therapy, chemotherapy, immunotherapy, and others. Targeted therapy is dominating the market while immunotherapy segment is anticipated to witness the highest CAGR during the forecast period. In recent years, Immunotherapy is gaining popularity because of its high efficacy against metastatic breast cancer and several advanced immunotherapies got approval during the past few years. For instance, in July 2021, Merck got FDA approval for Keytruda for the treatment of patients with high-risk early-stage triple-negative breast cancer in combination with chemotherapy as neoadjuvant treatment, then continued as single agent as adjuvant treatment after surgery.

“Amongst cancer type, the hormone receptor held the majority share of the market in 2021”

Based on cancer type, the market is segmented into Hormone Receptor and HER2+. Hormone receptor segment  is dominating the market  while HER2+ segment is anticipated to witness the highest CAGR during the forecast period. Increasing prevalence of HER2+ breast cancer along with improved clinical results are owing to the rapid growth of the HER2+ category. For Instance, as per the data of American Cancer Society and National Cancer Institute 2021, HER2+ breast cancer accounts for 14% of the total breast cancer cases. Moreover, continuous advancements in the HER2+ breast cancer therapeutics along with its role in combinational therapy is also expected to boost the breast cancer market.

“North America dominated the breast cancer treatment market in 2021”

North America dominated the Breast Cancer Treatment market in 2021. The increasing incidence of breast cancer cases among the population, the aging population, technological advancements, and increasing healthcare spending in several developed nations of North America region are the major factors driving the growth of the market.

Breast Cancer Treatment Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global Breast Cancer Treatment market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Breast Cancer Treatment Market Analysis (2022-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global Breast Cancer Treatment market were the three major steps undertaken to create and analyze the adoption of Breast Cancer Treatment in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Breast Cancer Treatment market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Breast Cancer Treatment market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Breast Cancer Treatment market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as therapy, cancer type, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Breast Cancer Treatment market. Further, we conducted factor analysis using dependent and independent variables such as therapy, cancer type, and end-users of the Breast Cancer Treatment market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Breast Cancer Treatment market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Breast Cancer Treatment market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the Breast Cancer Treatment market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global Breast Cancer Treatment market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Breast Cancer Treatment market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the product, technology, and end-users in the global Breast Cancer Treatment market.

The main objective of the Global Breast Cancer Treatment Market Study

The current & future market trends of the global Breast Cancer Treatment market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Breast Cancer Treatment market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of the therapy, cancer type, and end-users
• Define and analysis of the regulatory framework for the Breast Cancer Treatment industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the Breast Cancer Treatment market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the Breast Cancer Treatment market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team