Breast Cancer Therapeutics Market by Segments Analysis, Demand Insights and Forecasts to 2028
The adoption of Machine Learning and Artificial Intelligence has redefined cancer care, causing huge breakthroughs in breast cancer treatments.
The breast cancer therapeutics market to grow rapidly due to rising number of breast cancer cases and the high mortality rate linked with it. Breast cancer is the most prevalent cancer in women across the world and a leading cause of death in many underdeveloped nations. In 2020, around 2.3 million women were diagnosed with breast cancer and nearly 685,000 women died worldwide.
Over the years, the increase in the cases of breast cancer has paved way for a plethora of technological innovations and research to find ways to treat cancer. Breast cancers are widely detected by effective screening tests along with MRIs and ultrasounds. Technological advances and ongoing studies are spurring the need for improvements in early detection and screening, which will fuel the breast cancer therapeutics market growth in the upcoming years.
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A recent study by Global Market Insights Inc. the breast cancer therapeutics market will record a revenue of USD 42.6 billion by 2028 end.
For instance, a new technological development called 3-D mammography, also known as breast tomosynthesis, takes images of the breast from various angles around it and develops them into a 3D image.
Technology has become a major underlying force in the treatment and diagnosis of breast cancer apart from increased awareness. The adoption of Machine Learning and Artificial Intelligence has redefined cancer care, causing huge breakthroughs in breast cancer treatments.
Not to mention, the early-stage detection of cancer is much easier to treat and has observed many technological innovations. To name one, Zeiss Medical Technology has launched a device called Intrabeam 600 to provide Intraoperative Radiation Therapy for the treatment of early-stage breast cancer in India.
Mentioned below are 3 types of therapies widely used in the treatment of breast cancer that are slated to drive the expansion of the breast cancer therapeutics market over 2022-2028:
- Hormonal Therapy
Hormonal therapy is predominantly used for breast cancers that are found to have receptors for naturally occurring hormones such as progesterone or estrogen. This type of therapy is generally used after the surgery to reduce the risk of cancer revival. Additionally, it is also used to shrink a tumor before surgery, increasing the chances of its complete eradication.
Apparently, there are various types of hormonal therapies which help slow the growth or stop the recurrence of cancer by blocking estrogen production, ovarian function, or the effects of estrogen. Medications that block hormones from attaching to cancer cells include toremifene, tamoxifen, fulvestrant, and others. Imperatively, both tamoxifen and toremifene are FDA-approved hormonal drug treatments for breast cancer.
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- Targeted Therapy
Targeted therapy attacks the cancer cells by using drugs or other substances causing less harm to the normal cells. This treatment turns off signals that push cancer cells to grow and divide and prevents the cells from living longer than normal.
It would be pivotal to note that the National Comprehensive Cancer Network guidelines have suggested targeted therapy with selective ER modulators or AIs for breast cancer treatment over chemotherapy.
Various breakthroughs are being made in the targeted therapy space. In a recent development, AstraZeneca has approved Lynparza, a targeted treatment for early-stage breast cancer patients in the U.S with a germline BRCA mutation. Lynparza diminishes the risk of recurrence of disease in high-risk patients and the probability of death by 32% via its adjuvant treatment.
Chemotherapy involves the use of medicines to weaken or stop the growth of breast cancer cells. Chemotherapy medicines can be given in the form of an injection into a muscle or under the skin, intravenously into the bloodstream via an IV or catheter, or orally as a capsule or pill.
Chemo is the main treatment for women diagnosed with receptor-negative cancer and is given in combination with pertuzumab and trastuzumab, HER-2 targeted drugs for early and advanced stages approved by FDA. Trastuzumab is also advised to prevent a relapse in patients with early stages of HER2- positive breast cancer.
In a nutshell, the rising prevalence of breast cancer among women coupled with rapid advancements in the treatment and innovations will propel the breast cancer therapeutics market.
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