Leeds, UK -- (SBWIRE) -- 07/11/2019 -- The global triple-negative breast cancer treatment market is forecasted to value over US$ 820 Million by 2029 end and register a CAGR of over 4.5% from 2019 to 2029.
Rising advancements in research related to cancer have led to new drugs being introduced to diagnose and treat cancer. The entrance of new drugs and treatments are aimed at improving the treatment rate against triple-negative breast cancer. Latest clinical efforts are being targeted towards molecular characterization stage of triple-negative breast cancer across rising remedial targets like androgen receptors, PARP1, and non- receptor & receptor tyrosine kinases.
Based on drug type the market is segmented into doxorubicin, cyclophosphamide, paclitaxel, docetaxel, cisplatin/carboplatin, and others. Doxorubicin is a chemotherapy drug used to treat acute lymphocytic leukemia, breast cancer, and bladder cancer. It slows down and stops the growth of the cancer cells. An increasing number of collaborations and partnerships with clinical trials is creating a vast demand for doxorubicin. Doxorubicin can also interact with cyclophosphamide and paclitaxel. Paclitaxel is vastly used for the treatment of ovarian cancer and AIDS-related Kaposi's sarcoma. Based on the distribution channel, the market is bifurcated into hospital pharmacies and speciality cancer clinics. Speciality cancer clinics are the biggest end users owing to the easy availability of facilities.
These latest actions are expected to boost the growth of the triple-negative breast cancer treatment market. Development of generics remains a lucrative area for the market. The growing need for effective cancer management and more efficient drugs is expanding the size of the market. The availability of biosimilars in developing regions is proving to be an efficient drug which has resulted in the growth of the market. The rising number of clinical trials for the combined therapies is boosting the growth of the market as well. New drug formulations are currently in the processing stages of different phases of clinical development and this has augured the growth of the market.
A huge trend recognised in the triple-negative breast cancer treatment is the evolution of nanotechnology. Nanotechnology has emerged as an efficient tool in the clinical management of triple-negative breast cancer.
North America currently holds a vast share of the market. The presence of prominent players alongside advanced healthcare infrastructure has expanded the size of the market. The Asia Pacific and Latin America regions have established vast potential opportunistic space for manufacturers thanks to an increase in treatment rate and rising prevalence of triple-negative breast.
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Established players of the market are Sanofi S.A, Bristol-Myers Squibb Company, Johnson & Johnson Services, Inc., Eli Lilly and Company, Mylan N.V and Novartis AG.
Global Triple-Negative Breast Cancer Treatment Market Segmentation:
By Drug Type:
By Distribution Channel
- Hospital Pharmacies
- Specialty Cancer Clinics
- North America
- Latin America
- Rest of World
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- Tier 1 players- established companies in the market with a major market share
- Tier 2 players
- Emerging players which are growing rapidly
- New Entrants
- Growth prospects
- SWOT analysis
- Key trends
- Key data points affecting market growth
Objectives of the Study:
- To provide with an exhaustive analysis on Global Triple-Negative Breast Cancer Treatment Market by Drug Type, by Distribution Channel, by Region
- To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
- To evaluate and forecast micro-markets and the overall market
- To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
- To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
- Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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