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Breast Cancer Treatment Market by Size, Growth, Trends, and Forecast – 2031

After diagnosis, cancer treatment involves various methods depending on the type and severity of the cancer. The cancer treatment market is growing at a significant rate due to the increase in the incidence of cancer cases, the growing awareness among people about the various stages and availability of cancer treatment. Additionally, government initiatives and improvement in healthcare facilities are driving the global market for cancer treatment. Breast cancer refers to the uncontrolled growth of malignant cells in the breast tissue.

Compared to men, this is more common in women. Breast cancer treatment depends on several factors, including the type of breast cancer, the size of the tumor, the stage of the breast cancer, and the grade of the cancer cells. Some of the methods that are commonly used to treat breast cancer are surgery, radiation therapy, chemotherapy, hormone therapy, targeted therapy, and bone-directed therapy. Based on the difference in mechanism, breast cancer therapies can be segmented into local therapy, systemic therapy, adjuvant therapy, neoadjuvant therapy.

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Local therapy involves treating the tumor without affecting other parts of the body. Surgery and radiation are their common examples. Systemic surgery involves the use of drugs that are introduced into the body through the mouth or the bloodstream. They reach tumor cells anywhere in the body. Adjuvant therapy is given to prevent cancer from coming back. Neoadjuvant therapy is given to shrink the tumor cells so that less invasive surgery is needed.

According to GLOBOCAN, a project of the World Health Organization to study the incidence, mortality and prevalence of the main types of cancer at the national level, in 2012, breast cancer represented 11.9 percent of all cases of cancer reported and resulted in 5, 22,000 deaths worldwide

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North America, followed by Europe, dominates the global market for breast cancer treatment. This is due to the increasing incidence of cancer cases and technological progress in the region. Asia is expected to witness high growth in the breast cancer treatment market, owing to the increase in patient pool, increased government initiatives, growing economy and improving health care conditions in Asia. the region. Some of the key driving forces for the breast cancer treatment market in emerging countries are increased investment in R&D, large patient numbers, and increased government funding.

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Various unmet medical needs for cancer treatment have fueled the R&D of breast cancer treatment. Various factors such as rising prevalence of cancer, increasing government involvement, increasing funding from various government and non-government organizations are driving the global breast cancer treatment market. Furthermore, the ethical acceptance of various treatments such as radiotherapy, hormone therapy and others for cancer treatment and the growing popularity of DNA vaccines are driving the global breast cancer treatment market. However, decreased awareness and the high cost involved in treatment are restricting the global market for breast cancer treatment.

The innovation of some innovative therapy with a better success rate is expected to offer a good opportunity for the breast cancer treatment market. Furthermore, despite the high cost of R&D, pharmaceutical companies are showing increased interest in this field. This is expected to offer good potential for the breast cancer treatment market.

Some of the major companies operating in the global breast cancer treatment market include Astrazeneca PLC, Eli Lilly and Company, F. Hoffmann-La Roche Ltd, Novartis AG, Sanofi-Aventis, and Pfizer, Inc. Some of the other companies Major players operating in the global breast cancer treatment market include GlaxoSmithKline plc, Sun Pharmaceutical Industries Ltd, Actavis, Inc., Bristol-Myers Squibb Company, Hospira, Inc., Bayer AG, Accord Healthcare, Inc. and Gilead Sciences, inc.

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