Research Nester released a report titled “Metastatic Breast Cancer Treatment Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global metastatic breast cancer treatment market in terms of market segmentation by treatment type, end-user and region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The metastatic breast cancer treatment market is projected to grow with a high CAGR during the forecast period, i.e., 2021-2029 on account of the increasing elderly population and the rising prevalence of breast cancer. According to Globocan report 2020, the incidence rate of breast cancer was 5.20% which accounted for 2.26 million new cases globally with a mortality rate of 6.9%.
The market is segmented by treatment type into chemotherapy, radiation therapy, biologic, targeted therapy, breast surgery, and hormone therapy. Among these segments, the chemotherapy and radiation therapy is anticipated to hold the largest share by the end of 2021 in the metastatic breast cancer treatment market as a result of the lesser side-effects and high specificity rate.
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On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the metastatic breast cancer treatment market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period. Currently, the market in North America holds the largest share. This can be attributed to the presence of leading healthcare providers in the region, especially in the United States, who are extensively involved in the research and development for innovative metastatic breast cancer treatment.
Increasing Ageing Population and Breast Cancer Prevalence to Drive Market Growth
According to the United Nations, it is estimated that by 2050, every one in six people will be 65 years or older, i.e., 16% of the total world population. Along with this, the number of persons above 80 years or older is also projected to triple by the end of 2050.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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Increasing demand for metastatic breast cancer treatments has increased with the growing ageing population and the rise of new advanced technologies are some of the major factors that drive the growth of the global market. However, the high risk associated with the radiation exposure along with lack of awareness are some of the factors that are estimated to restrain market growth in the near future.
This report also provides the existing competitive scenario of some of the key players of the global metastatic breast cancer treatment market which includes company profiling of F. Hoffmann-La Roche Ltd, Merck & Company, Inc., AstraZeneca Plc., Novartis, Amgen Inc., Pfizer Inc., Eli Lilly and Company, Sun Pharmaceutical Industries Limited, Johnson & Johnson, GlaxoSmithKline plc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global metastatic breast cancer treatment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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