The global Breast Cancer Therapeutics Market is likely to derive growth from the increasing number of drug approvals in recent years. According to a report published by Fortune Business Insights, titled “Breast Cancer Therapeutics Market Size, Share and Industry Analysis By Therapy (Targeted Therapy, Hormonal Therapy, Chemotherapy), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By Cancer Type (Hormone Receptor, HER2+), and Regional Forecast, 2019 – 2026,” the market was valued at USD 17,868.8 Million in 2018 and is projected to reach USD 38,573.5 Million by 2026, exhibiting a CAGR of 10.2% in the forecast period.
The Global Breast Cancer Therapeutics Market, which stood at US$ 17,868.8 Mn in 2018, will reach [US$ 38,573.5 Mn] by the end of 2026. If these figures prove true, the global breast cancer therapeutics market will rise at a CAGR of 10.2% between 2018 and 2026.
Key Segmentation of Breast Cancer Therapeutics Market
- Targeted Therapy
- Ado-Trastuzumab Emtansine
- Hormonal Therapy
- Selective Estrogen Receptor Modulators (SERMs)
- Aromatase Inhibitors
- Estrogen Receptor Downregulators (ERDs)
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
By Cancer Type
- Hormone Receptor
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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Increasing Number of Generic Drugs by SMEs Will Emerge in Favor of Market Growth
The report highlights a few of the exceptional business strategies that are adopted by a few of the leading companies. With a view to establishing market stronghold, companies are constantly engaged in innovations and introduction of new products. This in turn, will constitute an increase in the global breast cancer therapeutics market size in the coming years. In 2019, India-based Emcure Pharma announced the launch of a generic version of a Eribulin, drug aimed at the treatment of breast cancer. The company aims to make this product available at a 40% lesser rate than the original drug. The increasing number of product launches will have a positive impact on the growth of the global breast cancer therapeutics market.
North America to Remain Dominant on Account of Presence of Skilled Professionals
The increasing number of breast cancer cases all over the world is anticipated to boost the global breast cancer therapeutics market at promising rates, finds Fortune Business Insights in a new study. The study is titled, “Breast Cancer Therapeutics Market: Global Market Analysis, Insights, and Forecasts”.
The Breast Cancer Therapeutics Market in North America is currently leading the global landscape, supported by the presence of well-established healthcare infrastructure and rising uptake of advanced facilities in the region. In 2018, North America generated a revenue of US$ 8,033.8 Mn because of the increasing prevalence of breast cancer in the region.
In addition to this, the region boasts the presence of several leading market players and skilled professionals. Besides this, governments of developed nations such as Canada and the U.S. are providing health insurance for cancer diagnostics. Spurred by these factors the breast cancer therapeutics market is likely to flourish in North America to emerge dominant.
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