Data Bridge Market Research analyses that the familial breast cancer treatment market was valued at USD 1.93 billion in 2021 and is expected to reach USD 5.17 billion by 2029, registering a CAGR of 13.10% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Analysis and Size Report Scope and Market Segmentation
According to the World Health Organization (WHO), the incidence of breast cancer was 2,261,419 in 2020, accounting for around 11.7 percent of all cancer cases. A variety of factors that raise the risk of breast cancer have been found. A relative’s history of breast cancer is one of the most powerful of these risk factors. About 15 percent to 20 percent of breast cancer patients have a family history of the disease, indicating that inherited (genetic) factors play a role in the development of some breast cancers. The breast cancer susceptibility genes BRCA1 and BRCA2 are thought to be responsible for 5% to 10% of all breast cancers.
Breast cancer having a family history of one or more first- or second-degree relatives who have breast cancer that does not satisfy the HBC definition mentioned below is referred to as familial breast cancer (FBC). Chemotherapy, radiation, and immunosuppressive medicines are used to slow the spread of cancer throughout the body, but they can also harm healthy cells. Following harsh cancer therapies, some “second cancers” have been observed to develop that are wholly unrelated to the original malignancy. The use of chest radiation therapy to treat other diseases or tumors raises the risk of developing breast cancer.
Familial Breast Cancer Treatment Market Dynamics
- Rising prevalence of familial breast cancer
The surging prevalence of familial breast cancer is expected to drive the market’s growth rate during the forecast period of 2022-2029. According to the Indian Council of Medical Research (ICMR), India is estimated to have 17.3 lakh new cancer cases by 2020, with over 8.8 lakh people dying from the disease. Breast cancer, which has the highest incidence of all cancer in women, has grown more common among those under the age of 50. Familial breast cancer (FBC) is a subtype of breast cancer that has a genetic component, accounting for about 5%–10% of all cases.
- Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of familial breast cancer treatment market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aims to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.
- Changing lifestyle of people
Breast cancer can also be caused by lifestyle decisions. Poor diet, inactivity, obesity, heavy alcohol consumption, tobacco consumption, smoking, and exposure to chemicals and pollutants are linked to an increased risk of breast cancer. All these factors are anticipated to increase the demand for the familial breast cancer treatment market during 2022-2029.
Furthermore, rising government initiatives to spread awareness and increasing the geriatric population will result in the expansion of the familial breast cancer treatment market. Along with this, favourable reimbursement policies and surging adoption rate of early diagnosis will enhance the market’s growth rate.
- Increase in the number of research and development activities
The market’s growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the familial breast cancer treatment market growth. Due to its multiple medical and societal ramifications, familial breast cancer has received a lot of attention in recent years. Following the discovery of the tumor suppressor genes BRCA1 and BRCA2, as well as the increased risk of breast cancer associated with mutations in these genes, a number of studies have looked into the nature of this risk and the diagnostic and therapeutic procedures that have been suggested to reduce the incidence of breast and ovarian cancer in this population.
- Technological advancement in diagnostic methods
The rising technological advancement in diagnostic methods is expected to create new market opportunities. For instance, in the field of cancer diagnostics, Direct-To-Consumer (DTC) testing was introduced. The first DTC test for BRCA testing, developed by 23andMe in 2018, got FDA approval in the United States. It’s one of the first direct-to-consumer testing for BRCA gene abnormalities, which raise the risk of breast and ovarian cancer.
Moreover, the market’s growth is fueled by increasing reimbursement and insurance coverage and emerging new markets. These factors will provide beneficial opportunities for the familial breast cancer treatment market growth.
On the other hand, high cost associated with the available treatment and diagnosis will obstruct the growth rate of the market. The lack of healthcare infrastructure in developing economies and dearth of skilled professionals will challenge the familial breast cancer treatment market. Additionally, lack of awareness about rare diseases and unfavourable healthcare policies will act as restrain and further impede the growth rate of market during the forecast period of 2022-2029.
This familial breast cancer treatment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the familial breast cancer treatment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Patient Epidemiology Analysis
Familial breast cancer treatment market also provides you with detailed market analysis for patient analysis, prognosis and cures. Prevalence, incidence, mortality, adherence rates are some of the data variables that are available in the report. Direct or indirect impact analyses of epidemiology to market growth are analysed to create a more robust and cohort multivariate statistical model for forecasting the market in the growth period.
Familial Breast Cancer Treatment Market Scope
- Radiation Therapy
- Genetic Counseling
- Immunosuppressive drugs
- Genetic Testing
- Magnetic Resonance Imaging (MRI)
Route of Administration
- Specialty Clinics
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
Familial Breast Cancer Treatment Market Regional Analysis/Insights
The countries covered in the familial breast cancer treatment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the familial breast cancer treatment market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing prevalence of breast cancer and rising healthcare expenditure will further propel the market’s growth rate in this region. Additionally, the growing presence of major key players will further propel the market’s growth rate in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Familial Breast Cancer Treatment Market Share Analysis
Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to familial breast cancer treatment market.
Some of the major players operating in the familial breast cancer treatment market are:
- Hoffmann-La Roche Ltd. (Switzerland)
- Mylan N.V. (U.S.)
- Teva Pharmaceutical Industries Ltd. (Ireland)
- Sanofi (France)
- Pfizer Inc. (U.S.)
- GlaxoSmithKline plc (U.K.)
- Novartis AG (Switzerland)
- Bayer AG (Germany)
- Eli Lilly and Company (U.S.)
- Merck & Co., Inc. (U.S.)
- Allergan (Ireland)
- AstraZeneca (U.K.)
- AbbVie Inc. (U.S.)
- Johnson & Johnson Private Limited (U.S.)
- Cipla Inc. (U.S.)
- Abbott (U.S.)
- Merck KGaA (Germany)
- LEO Pharma A/S (Denmark)
- Bausch Health Companies Inc. (Canada)
- Sun Pharmaceutical Industries Ltd. (India)
- Aurobindo Pharma (India)
- Lupin (India)
- Hikma Pharmaceuticals PLC (U.K.)
- Fresenius Kabi AG (Germany)
- Amneal Pharmaceuticals LLC. (U.S.)
Get TOC of the Report: https://www.databridgemarketresearch.com/toc/?dbmr=-familial-breast-cancer-treatment-market
Major TOC of the bio detectors and accessories market Report
Request Access for bio detectors and accessories market
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market
Data Bridge Market Research
Browse Related Reports @