The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s breast cancer monoclonal antibodies market report forecasts the breast cancer monoclonal antibodies market size to grow to $23.36 Billion by 2027, with a CAGR (compound annual growth rate) of 7%.

Learn More On The Breast Cancer Monoclonal Antibodies Market Report 2023 – https://www.thebusinessresearchcompany.com/report/breast-cancer-monoclonal-antibodie-global-market-report

Breast Cancer Monoclonal Antibodies Market Size Forecast
The global breast cancer monoclonal antibodies market is expected to grow from $16.67 billion in 2022 to $17.81 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The breast cancer monoclonal antibodies market is expected to grow from $23.36 billion in 2027 at a CAGR of 7.0%.

Key Breast Cancer Monoclonal Antibodies Market Driver ­– Rise In The Breast Cancer Incidences
For instance, in January 2022, according to the American Cancer Society, there will likely be 1.9 million new cancer diagnoses and 609,360 cancer-related deaths in the US, or roughly 1,670 fatalities every day. According to Breastcancer.org, a US-based non-profit organization, as of January 2020, there were more than 3.8 million women in the US with a history of breast cancer. This includes women who are currently being treated and women who have completed the treatment. Thus, the rising prevalence of breast cancer globally is expected to boost the growth of the breast cancer monoclonal antibody market.

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Key Breast Cancer Monoclonal Antibodies Market Trend – Investing In Targeted And Combination Therapy
Companies in the breast cancer monoclonal antibodies market are investing in targeted and combination therapy, which has proven to be more effective and less toxic than the traditional treatment options. Targeted cancer therapies are drugs or substances that block the growth of cancer by interfering with molecules that are more specifically involved in cancer cell progression than in normal cell activity. The goal of these therapies is to eliminate cancerous cells in the body while leaving normal cells unharmed. By focusing on changes in the cell that are specific to cancer, this therapy may prove to be more effective than traditional chemotherapy and radiotherapy. Combination therapy uses a treatment method in which a patient is given two or more drugs (or other therapeutic agents) for a single disease. For instance, In 2020, The American Society of Clinical Oncology published the success of combination therapy of a targeted monoclonal antibody atezolizumab with chemotherapy with improved progression-free survival in patients with triple-negative breast cancer. It resulted in progression-free survival of 7.2 months for patients receiving the combination therapy, compared with 5.5 months for those who received a placebo plus nab-paclitaxel (chemotherapy). Promising results with targeted therapies and combination therapies are expected to raise the focus on these therapies in the breast cancer monoclonal antibodies market.

Breast Cancer Monoclonal Antibodies Market Segment

1) By Product: Naked Mabs, Conjugated Mabs

2) By End-User: Hospitals, Retail Pharmacies

3) By Treatment: Chemotherapy, Surgery & Radiation Therapy, Targeted Therapy, Biologic Therapy, Hormone Therapy

Breast Cancer Monoclonal Antibodies Market Major Players and Strategies
Major players in the breast cancer monoclonal antibodies market are Amgen, Mylan, Merck, Novartis, GlaxoSmithKline, Daiichi Sankyo, Biocad, Boehringer Ingelheim, Bristol-Myers Squibb, and Array BioPharma.

In November 2020, Merck & Co., Inc., a US-based research-oriented biopharmaceutical company, acquired VelosBio, Inc., for an amount of $2.75 billion. Through this acquisition, Merck will strengthen its oncology drug pipeline with VLS-101 for the treatment of patients with hematologic malignancies and solid tumours and its research capabilities in the field of cancer research. VelosBio, Inc. is a US-based clinical-stage biopharmaceutical company specialising in the development of brand-new antibody-drug conjugates (“ADCs”) to treat solid tumours and hemological malignancies.

The Breast Cancer Monoclonal Antibodies Global Market Report 2023 covers regional data on breast cancer monoclonal antibodies market size, breast cancer monoclonal antibodies market trends and drivers, opportunities, strategies, and breast cancer monoclonal antibodies market competitor analysis. The countries covered in the breast cancer monoclonal antibodies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Breast cancer monoclonal antibodies (mAbs) refer to the use of antibodies in the treatment of both early-stage and advanced breast cancer. It functions by identifying and locating particular proteins on cancer cells. Every MAB recognises a different protein. Therefore, different MABs must be created to target various cancer types. They kill the cancer cell in various ways depending on the protein they are targeting.

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