Breast Cancer Drug Market Growth Factors, Restraints, Advancements and rising Trends Forecast 2022–2032
The global breast cancer drugs market is anticipated to reach a valuation of US$ 11,750.33 Mn by 2032, with sales growing at a stagnant CAGR of 1.1% from 2022 to 2032. The target market is expected to reach a value of US$ 10,637.42 Mn in 2022. The rising incidences of breast cancer, introduction of new therapies, and growing awareness of benefits early detection of the disease are factors that contribute to the growth of the breast cancer drug market during the forecast period.
The breast cancer drug market will present steady growth and scale up in the global marketplace during 2022-2032. The target market is aided by increasing research activities on enhanced chemotherapy drugs and targeted therapies which have become the primary concerns of many medical centers across the globe. As per International Agency for Research on Cancer (IARC) published by the World Health Organization (WHO) in 2021, breast cancer rated as the fifth leading cause of death in women; accounting for almost 627,000 deaths each year.
Furthermore, numerous governments and non-profit organizations are also working tirelessly and organizing programs to generate greater awaren