Product Code: GVR-3-68038-041-5
Breast Cancer Drugs Market Growth & Trends
The global breast cancer drugs market size is expected to reach USD 58.69 billion by 2030, registering a CAGR of 9.09% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly attributed to the rising disease prevalence, increasing R&D investments, and initiatives by prominent players. Moreover, the trend towards personalized medicine, which involves tailoring treatment for individual patients based on their genetic makeup, is driving the growth of the market. Advances in genomics and molecular biology have led to the development of targeted therapies, which are more effective and have fewer side effects than traditional chemotherapy. Governments around the world are investing in the research and development of new drugs and treatment options. For instance, the U.S.
National Cancer Institute has established several research programs to develop new drugs and improve the efficacy of existing treatments. Similarly, in January 2023, the Australian government announced an investment of USD 16.01 million in developing targeted treatments for women. The investment is expected to fund 23 projects including research on breast cancer through a grant program by the National Health and Medical Research Council. The increasing participation of non-profit organizations is anticipated to propel the market growth. For instance, in June 2022, Susan G. Komen, a breast cancer organization, announced to receive USD 21 million to support around 48 research projects at 26 academic institutions. The majority of funds are allocated to research on aggressive breast cancers, followed by clinical trials and research on eliminating the disparities in the market.
Furthermore, breast cancer patients have been affected by the pandemic as the risk of complications from COVID-19 increases due to their weakened immune systems. As a result, many patients had to postpone or cancel their treatments, which affected the demand for drugs. Moreover, the economic impact of the pandemic also affected the market. The loss of employment or deduction in the income level impacted the affordability of drugs. This, in turn, resulted in reduced product demand and short to medium-term effects on the market. The cost of drugs has a significant impact on the market. High drug prices can limit their usage and affect demand, while lower prices can increase accessibility and demand. Thus, stakeholders need to balance the need for affordable drugs with the need for continued R&D to improve treatment options.
Breast Cancer Drugs Market Report Highlights
- The immunotherapy type segment was one of the fastest-growing areas of therapy in the market in 2022. Immunotherapy works by stimulating the patient's immune system to recognize and attack cancer cells. This approach has shown promising results in a variety of types, including breast cancer
- By type, the hormone receptor segment captured the majority of the market share in 2022. Hormone receptor-positive breast cancer is the most common subtype. As a result, hormone therapy drugs have been a mainstay of treatment
- The hospital pharmacies distribution channel segment held the largest share in 2022. Hospital pharmacies often have access to a wide range of specialized drugs and therapies as compared to retail pharmacies or other channels
- In terms of revenue share, North America had a dominant position in the global industry in 2022 owing to the increased prevalence of breast cancer, high healthcare expenditures, and ongoing R&D activities
Table of Contents
Chapter 1. Methodology And Scope
- 1.1 Market Segmentation
- 1.2 Market Definitions And Objectives
- 1.2.1 Objective - 1
- 1.2.2 Objective - 2
- 1.2.3 Objective - 3
- 1.3 Research Methodology
- 1.4 Information Procurement
- 1.4.1 Purchased Database
- 1.4.2 Gvr's Internal Database
- 1.4.3 Secondary Sources
- 1.4.4 Primary Research
- 1.5 Information Or Data Analysis
- 1.5.1 Data Analysis Models
- 1.6 Market Formulation & Validation
- 1.7 Model Details
- 1.7.1 Commodity Flow Analysis
- 1.8 List Of Secondary Sources
- 1.9 List Of Abbreviations
- 1.10 List Of Primary Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Therapy And Cancer Type Snapshot
- 2.3. Distribution Channel Snapshot
- 2.4. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
- 3.1. Market Segmentation And Scope
- 3.2. Market Lineage Outlook
- 3.2.1. Parent Market Outlook
- 3.2.2. Related/Ancillary Market Outlook
- 3.3. Market Trends And Outlook
- 3.4. Market Dynamics
- 3.4.1. Increased Incidence And Prevalence Rate Of Cancer Worldwide
- 3.4.2. High Investment In R&D
- 3.4.3. Technological Advancement In Cancer Biology & Pharmacology
- 3.5. Market Restraint Analysis
- 3.5.1. Stringent Regulatory Guidelines
- 3.5.2. Expiry Of Patented Drugs
- 3.5.3. Complications Associated With Chemotherapy
- 3.6. Penetration And Growth Prospect Mapping 2022
- 3.7. Business Environment Analysis
- 3.7.1. Swot Analysis; By Factor (Political & Legal, Economic And Technological)
- 3.7.2. Porter's Five Forces Analysis
- 3.8. Covid-19 Impact Analysis
Chapter 4. Therapy Business Analysis
- 4.1. Breast Cancer Drugs Market: Therapy Movement Analysis
- 4.2. Targeted Therapy
- 4.2.1. Breast Cancer Drugs Market, Targeted Therapy, 2018 - 2030 (USD Million)
- 4.2.2. Abemaciclib
- 4.2.2.1. Breast Cancer Drugs Market, Abemaciclib, 2018 - 2030 (USD Million)
- 4.2.3. Ado-Trastuzumab Emtansine
- 4.2.3.1. Breast Cancer Drugs Market, Ado-Trastuzumab Emtansine, 2018 - 2030 (USD Million)
- 4.2.4. Everolimus
- 4.2.4.1. Breast Cancer Drugs Market, Everolimus, 2018 - 2030 (USD Million)
- 4.2.5. Trastuzumab
- 4.2.5.1. Breast Cancer Drugs Market, Trastuzumab, 2018 - 2030 (USD Million)
- 4.2.6. Ribociclib
- 4.2.6.1. Breast Cancer Drugs Market, Ribociclib, 2018 - 2030 (USD Million)
- 4.2.7. Palbociclib
- 4.2.7.1. Breast Cancer Drugs Market, Palbociclib, 2018 - 2030 (USD Million)
- 4.2.8. Pertuzumab
- 4.2.8.1. Breast Cancer Drugs Market, Pertuzumab, 2018 - 2030 (USD Million)
- 4.2.9. Olaparib
- 4.2.9.1. Breast Cancer Drugs Market, Olaparib, 2018 - 2030 (USD Million)
- 4.2.10. Others
- 4.2.10.1. Breast Cancer Drugs Market, Others, 2018 - 2030 (USD Million)
- 4.3. Hormonal Therapy
- 4.3.1. Breast Cancer Drugs Market, Hormonal Therapy, 2018 - 2030 (USD Million)
- 4.3.2. Selective Estrogen Receptor Modulators (Serms)
- 4.3.2.1. Breast Cancer Drugs Market, Selective Estrogen Receptor Modulators (Serms), 2018 - 2030 (USD Million)
- 4.3.3. Aromatase Inhibitors
- 4.3.3.1. Breast Cancer Drugs Market, Aromatase Inhibitors, 2018 - 2030 (USD Million)
- 4.3.4. Estrogen Receptor Down Regulators (Erds)
- 4.3.4.1. Breast Cancer Drugs Market, Estrogen Receptor Down Regulators (Erds), 2018 - 2030 (USD Million)
- 4.4. Chemotherapy
- 4.4.1. Breast Cancer Drugs Market, Chemotherapy, 2018 - 2030 (USD Million)
- 4.5. Immunotherapy
- 4.5.1. Breast Cancer Drugs Market, Immunotherapy, 2018 - 2030 (USD Million)
Chapter 5. Cancer Type Business Analysis
- 5.1. Breast Cancer Drugs Market: Cancer Type Movement Analysis
- 5.2. Hormone Receptor
- 5.2.1. Breast Cancer Drugs Market, Hormone Receptor, 2018 - 2030 (USD Million)
- 5.3. Her2+
- 5.3.1. Breast Cancer Drugs Market, Her2+, 2018 - 2030 (USD Million)
Chapter 6. Distribution Channel Business Analysis
- 6.1. Breast Cancer Drugs Market: Distribution Channel Movement Analysis
- 6.2. Hospital Pharmacies
- 6.2.1. Breast Cancer Drugs Market, Hospital Pharmacies, 2018 - 2030 (USD Million)
- 6.3. Retail Pharmacies
- 6.3.1. Breast Cancer Drugs Market, Retail Pharmacies, 2018 - 2030 (USD Million)
- 6.4. Others
- 6.4.1. Breast Cancer Drugs Market, Others, 2018 - 2030 (USD Million)
Chapter 7. Regional Business Analysis
- 7.1. Breast Cancer Drugs Market Share By Region, 2022 & 2030
- 7.2. North America
- 7.2.1. Swot Analysis
- 7.2.2. North America Breast Cancer Drugs Market, By Therapy, 2018 - 2030 (USD Million)
- 7.2.3. North America Breast Cancer Drugs Market, By Cancer Type, 2018 - 2030 (USD Million)
- 7.2.4. North America Breast Cancer Drugs Market, By Distribution Channel, 2018 - 2030 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. Key Country Dynamics
- 7.2.5.2. Target Disease Prevalence
- 7.2.5.3. Competitive Scenario
- 7.2.5.4. Regulatory Framework
- 7.2.5.5. Reimbursement Scenario
- 7.2.5.6. U.S. Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Key Country Dynamics
- 7.2.6.2. Target Disease Prevalence
- 7.2.6.3. Competitive Scenario
- 7.2.6.4. Regulatory Framework
- 7.2.6.5. Reimbursement Scenario
- 7.2.6.6. Canada Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Swot Analysis
- 7.3.2. Europe Breast Cancer Drugs Market, By Therapy, 2018 - 2030 (USD Million)
- 7.3.3. Europe Breast Cancer Drugs Market, By Cancer Type, 2018 - 2030 (USD Million)
- 7.3.4. Europe Breast Cancer Drugs Market, By Distribution Channel, 2018 - 2030 (USD Million)
- 7.3.5. Germany
- 7.3.5.1. Key Country Dynamics
- 7.3.5.2. Target Disease Prevalence
- 7.3.5.3. Competitive Scenario
- 7.3.5.4. Regulatory Framework
- 7.3.5.5. Reimbursement Scenario
- 7.3.5.6. Germany Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.3.6. Uk
- 7.3.6.1. Key Country Dynamics
- 7.3.6.2. Target Disease Prevalence
- 7.3.6.3. Competitive Scenario
- 7.3.6.4. Regulatory Framework
- 7.3.6.5. Reimbursement Scenario
- 7.3.6.6. Uk Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.3.7. France
- 7.3.7.1. Key Country Dynamics
- 7.3.7.2. Target Disease Prevalence
- 7.3.7.3. Competitive Scenario
- 7.3.7.4. Regulatory Framework
- 7.3.7.5. Reimbursement Scenario
- 7.3.7.6. France Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.3.8. Italy
- 7.3.8.1. Key Country Dynamics
- 7.3.8.2. Target Disease Prevalence
- 7.3.8.3. Competitive Scenario
- 7.3.8.4. Regulatory Framework
- 7.3.8.5. Reimbursement Scenario
- 7.3.8.6. Italy Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.3.9. Spain
- 7.3.9.1. Key Country Dynamics
- 7.3.9.2. Target Disease Prevalence
- 7.3.9.3. Competitive Scenario
- 7.3.9.4. Regulatory Framework
- 7.3.9.5. Reimbursement Scenario
- 7.3.9.6. Spain Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.3.10. Denmark
- 7.3.10.1. Key Country Dynamics
- 7.3.10.2. Target Disease Prevalence
- 7.3.10.3. Competitive Scenario
- 7.3.10.4. Regulatory Framework
- 7.3.10.5. Reimbursement Scenario
- 7.3.10.6. Denmark Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.3.11. Sweden
- 7.3.11.1. Key Country Dynamics
- 7.3.11.2. Target Disease Prevalence
- 7.3.11.3. Competitive Scenario
- 7.3.11.4. Regulatory Framework
- 7.3.11.5. Reimbursement Scenario
- 7.3.11.6. Sweden Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.3.12. Norway
- 7.3.12.1. Key Country Dynamics
- 7.3.12.2. Target Disease Prevalence
- 7.3.12.3. Competitive Scenario
- 7.3.12.4. Regulatory Framework
- 7.3.12.5. Reimbursement Scenario
- 7.3.12.6. Norway Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Swot Analysis
- 7.4.2. Asia Pacific Breast Cancer Drugs Market, By Therapy, 2018 - 2030 (USD Million)
- 7.4.3. Asia Pacific Breast Cancer Drugs Market, By Cancer Type, 2018 - 2030 (USD Million)
- 7.4.4. Asia Pacific Breast Cancer Drugs Market, By Distribution Channel, 2018 - 2030 (USD Million)
- 7.4.5. Japan
- 7.4.5.1. Key Country Dynamics
- 7.4.5.2. Target Disease Prevalence
- 7.4.5.3. Competitive Scenario
- 7.4.5.4. Regulatory Framework
- 7.4.5.5. Reimbursement Scenario
- 7.4.5.6. Japan Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.4.6. China
- 7.4.6.1. Key Country Dynamics
- 7.4.6.2. Target Disease Prevalence
- 7.4.6.3. Competitive Scenario
- 7.4.6.4. Regulatory Framework
- 7.4.6.5. Reimbursement Scenario
- 7.4.6.6. China Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.4.7. India
- 7.4.7.1. Key Country Dynamics
- 7.4.7.2. Target Disease Prevalence
- 7.4.7.3. Competitive Scenario
- 7.4.7.4. Regulatory Framework
- 7.4.7.5. Reimbursement Scenario
- 7.4.7.6. India Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.4.8. South Korea
- 7.4.8.1. Key Country Dynamics
- 7.4.8.2. Target Disease Prevalence
- 7.4.8.3. Competitive Scenario
- 7.4.8.4. Regulatory Framework
- 7.4.8.5. Reimbursement Scenario
- 7.4.8.6. South Korea Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.4.9. Australia
- 7.4.9.1. Key Country Dynamics
- 7.4.9.2. Target Disease Prevalence
- 7.4.9.3. Competitive Scenario
- 7.4.9.4. Regulatory Framework
- 7.4.9.5. Reimbursement Scenario
- 7.4.9.6. Australia Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.4.10. Thailand
- 7.4.10.1. Key Country Dynamics
- 7.4.10.2. Target Disease Prevalence
- 7.4.10.3. Competitive Scenario
- 7.4.10.4. Regulatory Framework
- 7.4.10.5. Reimbursement Scenario
- 7.4.10.6. Thailand Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Swot Analysis
- 7.5.2. Latin America Breast Cancer Drugs Market, By Therapy, 2018 - 2030 (USD Million)
- 7.5.3. Latin America Breast Cancer Drugs Market, By Cancer Type, 2018 - 2030 (USD Million)
- 7.5.4. Latin America Breast Cancer Drugs Market, By Distribution Channel, 2018 - 2030 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Key Country Dynamics
- 7.5.5.2. Target Disease Prevalence
- 7.5.5.3. Competitive Scenario
- 7.5.5.4. Regulatory Framework
- 7.5.5.5. Reimbursement Scenario
- 7.5.5.6. Brazil Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.5.6. Mexico
- 7.5.6.1. Key Country Dynamics
- 7.5.6.2. Target Disease Prevalence
- 7.5.6.3. Competitive Scenario
- 7.5.6.4. Regulatory Framework
- 7.5.6.5. Reimbursement Scenario
- 7.5.6.6. Mexico Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.5.7. Argentina
- 7.5.7.1. Key Country Dynamics
- 7.5.7.2. Target Disease Prevalence
- 7.5.7.3. Competitive Scenario
- 7.5.7.4. Regulatory Framework
- 7.5.7.5. Reimbursement Scenario
- 7.5.7.6. Argentina Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.6. MEA
- 7.6.1. Swot Analysis
- 7.6.2. MEA Breast Cancer Drugs Market, By Therapy, 2018 - 2030 (USD Million)
- 7.6.3. MEA Breast Cancer Drugs Market, By Cancer Type, 2018 - 2030 (USD Million)
- 7.6.4. MEA Breast Cancer Drugs Market, By Distribution Channel, 2018 - 2030 (USD Million)
- 7.6.5. South Africa
- 7.6.5.1. Key Country Dynamics
- 7.6.5.2. Target Disease Prevalence
- 7.6.5.3. Competitive Scenario
- 7.6.5.4. Regulatory Framework
- 7.6.5.5. Reimbursement Scenario
- 7.6.5.6. South Africa Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.6.6. Saudi Arabia
- 7.6.6.1. Key Country Dynamics
- 7.6.6.2. Target Disease Prevalence
- 7.6.6.3. Competitive Scenario
- 7.6.6.4. Regulatory Framework
- 7.6.6.5. Reimbursement Scenario
- 7.6.6.6. Saudi Arabia Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.6.7. UAE
- 7.6.7.1. Key Country Dynamics
- 7.6.7.2. Target Disease Prevalence
- 7.6.7.3. Competitive Scenario
- 7.6.7.4. Regulatory Framework
- 7.6.7.5. Reimbursement Scenario
- 7.6.7.6. UAE Breast Cancer Drugs Market 2018 - 2030 (USD Million)
- 7.6.8. Kuwait
- 7.6.8.1. Key Country Dynamics
- 7.6.8.2. Target Disease Prevalence
- 7.6.8.3. Competitive Scenario
- 7.6.8.4. Regulatory Framework
- 7.6.8.5. Reimbursement Scenario
- 7.6.8.6. Kuwait Breast Cancer Drugs Market 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1 Company Categorization
- 8.2 Strategy Mapping
- 8.2.1 New Product Launch
- 8.2.2 Partnerships
- 8.2.3 Acquisition
- 8.2.4 Collaboration
- 8.2.5 Funding
- 8.3 Company Market Share Analysis, 2022
- 8.4 Company Profiles
- 8.4.1 Novartis Ag
- 8.4.1.1 Company Overview
- 8.4.1.2 Financial Performance
- 8.4.1.3 Product Benchmarking
- 8.4.1.4 Strategic Initiatives
- 8.4.2 Pfizer, Inc
- 8.4.2.1 Company Overview
- 8.4.2.2 Financial Performance
- 8.4.2.3 Product Benchmarking
- 8.4.2.4 Strategic Initiatives
- 8.4.3 Merck Kgaa
- 8.4.3.1 Company Overview
- 8.4.3.2 Financial Performance
- 8.4.3.3 Product Benchmarking
- 8.4.3.4 Strategic Initiatives
- 8.4.4 Janssen Pharmaceuticals, Inc.
- 8.4.4.1 Company Overview
- 8.4.4.2 Financial Performance
- 8.4.4.3 Product Benchmarking
- 8.4.4.4 Strategic Initiatives
- 8.4.5 Celgene Corporation, Inc.
- 8.4.5.1 Company Overview
- 8.4.5.2 Financial Performance
- 8.4.5.3 Product Benchmarking
- 8.4.5.4 Strategic Initiatives
- 8.4.6 Genzyme Corporation
- 8.4.6.1 Company Overview
- 8.4.6.2 Financial Performance
- 8.4.6.3 Product Benchmarking
- 8.4.6.4 Strategic Initiatives
- 8.4.7 F. Hoffmann-La Roche Ltd
- 8.4.7.1 Company Overview
- 8.4.7.2 Financial Performance
- 8.4.7.3 Product Benchmarking
- 8.4.7.4 Strategic Initiatives
- 8.4.8 Astrazeneca
- 8.4.8.1 Company Overview
- 8.4.8.2 Financial Performance
- 8.4.8.3 Product Benchmarking
- 8.4.8.4 Strategic Initiatives
- 8.4.9 Abbvie Inc.
- 8.4.9.1 Company Overview
- 8.4.9.2 Financial Performance
- 8.4.9.3 Product Benchmarking
- 8.4.9.4 Strategic Initiatives
- 8.4.10 Bristol-Myers Squibb Company
- 8.4.10.1 Company Overview
- 8.4.10.2 Financial Performance
- 8.4.10.3 Product Benchmarking
- 8.4.10.4 Strategic Initiatives
- 8.4.11 Macrogenics, Inc.
- 8.4.11.1 Company Overview
- 8.4.11.2 Financial Performance
- 8.4.11.3 Product Benchmarking
- 8.4.11.4 Strategic Initiatives
- 8.4.12 Celldex Therapeutics
- 8.4.12.1 Company Overview
- 8.4.12.2 Financial Performance
- 8.4.12.3 Product Benchmarking
- 8.4.12.4 Strategic Initiatives
- 8.4.13 Onyx Pharmaceuticals Inc.
- 8.4.13.1 Company Overview
- 8.4.13.2 Financial Performance
- 8.4.13.3 Product Benchmarking
- 8.4.13.4 Strategic Initiatives
Chapter 9 Conclusion