In 2022, the global Breast Cancer Drug Market is expected to be worth US$ 10,637.42 million. Some of the key factors likely to drive the market are the disease's increasing prevalence and the development of novel therapies. Early detection of breast cancer is critical to effective disease management. Between 2022 and 2032, the overall demand for Breast Cancer Drugs is expected to grow at a CAGR of 1.1%, reaching around 11,750.33 million.
FMI, in its business report, elaborates the historical and current scenario of the global Breast Cancer Drug Market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
Crucial information and forecast statistics covered in the Breast Cancer Drug market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis on Breast Cancer Drug Market
The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Breast Cancer Drug market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Breast Cancer Drug market.
Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Breast Cancer Drug market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Breast Cancer Drug Market: Segmentation
Valuable information covered in the FMI’s Breast Cancer Drug market report has been segregated into key segments and sub-segments.
Breast Cancer Drug Market by Drug Class:
- SERM (Selective Estrogen-Receptor Modulators)-based Breast Cancer Treatment
- Aromatase Inhibitors-based Breast Cancer Treatment
- Biologic Response Modifiers-based Breast Cancer Treatment
- Other Hormonal Therapies-based Breast Cancer Treatment
Breast Cancer Drug Market by Distribution Channel:
- Breast Cancer Drugs Sales via Hospital Pharmacies
- Breast Cancer Drugs via Pharmacies
- Breast Cancer Drugs via Drug Stores
Key players covered in the report include:
- F. Hoffmann-La Roche Ltd
- Pfizer Inc.
- AstraZeneca
- Novartis International AG
- Achieve Life Science
- Bristol-Myers Squibb
- Eisai Co. Ltd
- AbbVie
- Others