North American breast cancer therapeutics market is estimated to grow significantly at a CAGR of around 9.2% during the forecast period. The expenditure on breast cancer therapies and medicines is increasing very rapidly in the region which leads to the high rates of treatment of breast cancer. As per the American Cancer Society, breast cancer treatment can cost more than $100,000 in developed countries such as the US. However, the high cost of breast cancer drugs and surgeries across the developed countries are estimated to be the major constraints in the growth of the market. Along with that the increasing research and clinical trials for the advanced treat of breast cancer further provie substatial opportunity to the market growth.
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North American breast cancer therapeutics market are segmented on the basis of therapy. The Therapy segment is further classified into chemotherapy, hormone therapy, targeted therapy, radiation therapy and others (surgery). Among all therapies, chemotherapy market held the largest market share in the North American breast cancer therapeutics market. Chemotherapy is most used when cancer in the lymph nodes and irrespective of tumor size or menopausal status. Along with that it is used for the treatment of breast cancer in premenopausal women and referred for those women who diagnosed with early stage breast cancer for hormone receptor negative and HER2 positive cancer. The types of chemotherapy include adjuvant chemotherapy and neoadjuvant chemotherapy. The adjuvant chemotherapy is used to destroy cancer cells that have been spread and not seen by the imaging tests. This method helps in reducing the cancer cells that form a new tumor in the other place of the body. Adjuvant chemotherapy reduces the risk of breast cancer coming back. Neoadjuvant chemotherapy can be used to reduce the size of the tumor, so it can be removed with less widespread surgery.
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Market Segmentation
North American Breast Cancer Therapeutics Market by Therapy
- Chemotherapy
- Hormone Therapy
- Targeted Therapy
- Radiation Therapy
- Others (Surgery)
Regional Analysis
- United States
- Canada
Company Profiles
- AbbVie Inc.
- Amgen Inc.
- Astellas Pharma Inc.
- Bristol-Myers Squibb Co.
- Celldex Therapeutics, Inc.
- Eli Lilly and Co.
- Halozyme, Inc.
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