PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1193431
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1193431
Breast Cancer 1 (BRCA1) and Breast Cancer 2 (BRCA2) Genes Market size was valued at USD 5,207.3 Million in 2022, expanding at a CAGR of 8.8% from 2023 to 2030.
Breast cancer genes 1 and 2 (BRCA1 and BRCA2) contain instructions for inhibiting tumor cells or halting their unchecked growth. Additionally, these genes help to repair DNA damage. Mutations in the BRCA1 and BRCA2 genes can result in hereditary malignancies of the breast and ovarian. There may also be a rise in other malignancies like pancreatic and prostate cancer.
Market Dynamics
The global rise in cancer incidence and prevalence rates is what is driving the market. The American Cancer Society projects that in 2022, women in the United States will be diagnosed with 49,290 new instances of non-invasive breast cancer and 281,550 new cases of invasive breast cancer. A person's risk of acquiring certain malignancies increases if they inherit harmful mutations in one of these genes. Inheriting a harmful BRCA1 or BRCA2 mutation increases the risk of developing cancer at a younger age. The increasing costs of healthcare, which assist to improve its infrastructure, are a significant factor impacting the growth of the BRCA1 and BRCA2 genes market.
The breast cancer 1 (BRCA1) and breast cancer 2 (BRCA2) genes market will also grow as a result of increased initiatives by public and private organizations to disseminate awareness and technical advancement. Additionally, the market for the BRCA1 and BRCA2 genes will grow as a result of high disposable income and a constantly evolving lifestyle. A rise in the quantity of R&D activities is another factor driving the market's expansion. This will present advantageous chances for the market expansion of the BRCA1 and BRCA2 breast cancer genes. Further advantageous chances for the market expansion of the breast cancer 1 (BRCA1) and breast cancer 2 (BRCA2) genes will be provided by increased investment in the development of new technologies and an increase in the number of emerging markets.
Segmentation Analysis:
The Global Breast Cancer 1 (BRCA1) and Breast Cancer 2 (BRCA2) Genes Market is segmented on the basis of Product, Treatment, End User, and Region.
The market is split into three categories based on Indication: breast cancer, ovarian cancer and others. The CRISPR segment dominates the market. Breast cancer concerns, treatments, therapy needs is mainly contributing to segment growth.
The market is segmented into four categories based on Treatment: platinum-based chemotherapy, PARP inhibitors, surgery and others. The platinum-based chemotherapy segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to a rise in the demand for chemotherapy in cancer treatment.
The market is segmented into four categories based on end user: hospitals, specialty clinics, homecare and others. The hospitals segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to an increase in the number of breast cancer prevalence in adults is boosting the segment growth.
Competitive Landscape:
The worldwide market for Breast Cancer 1 (BRCA1) and Breast Cancer 2 (BRCA2) Genes is widely fragmented in nature which comprised of large and small-sized market players with few large dominating the global market share. The companies in market emphasize on adopting aggressive strategies to reach out large consumer base. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new Product launches, partnerships, distribution network development, R&D spending, and mergers and acquisitions.
For instance, in March 2023, Sanofi started a study on evaluation of a menstruant in ER+/HER2- advanced or metastatic breast cancer.
Key features of the study:
This proposed research study on Breast Cancer 1 (BRCA1) and Breast Cancer 2 (BRCA2) Genes market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Breast Cancer 1 (BRCA1) and Breast Cancer 2 (BRCA2) Genes market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Breast Cancer 1 (BRCA1) and Breast Cancer 2 (BRCA2) Genes market
Impact of COVID-19 on Breast Cancer 1 (BRCA1) and Breast Cancer 2 (BRCA2) Genes market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Breast Cancer 1 (BRCA1) and Breast Cancer 2 (BRCA2) Genes market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Breast Cancer 1 (BRCA1) and Breast Cancer 2 (BRCA2) Genes market, we have also included competitive landscape and key innovator analysis for the Breast Cancer 1 (BRCA1) and Breast Cancer 2 (BRCA2) Genes market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Breast Cancer 1 (BRCA1) and Breast Cancer 2 (BRCA2) Genes market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Breast Cancer 1 (BRCA1) and Breast Cancer 2 (BRCA2) Genes market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL BREAST CANCER 1 (BRCA1) AND BREAST CANCER 2 (BRCA2) GENES MARKET KEY PLAYERS
F. Hoffmann-La Roche Ltd.
Mylan N.V.
Teva Pharmaceutical Industries Ltd.
Sanofi
Pfizer Inc.
GlaxoSmithKline plc
Novartis AG
Sun Pharmaceutical Industries Ltd.
AstraZeneca
Johnson & Johnson Private Limited
Merck & Co., Inc.
Akorn, Incorporated
Cipla Inc.
Pacira BioSciences, Inc.
Spectrum Pharmaceuticals, Inc
Shanghai Fosun Pharmaceutical (Group) Co., Ltd.
Fresenius Kabi AG
GLOBAL BREAST CANCER 1 (BRCA1) AND BREAST CANCER 2 (BRCA2) GENES MARKET, BY INDICATION
Breast Cancer
Ovarian Cancer
Others
GLOBAL BREAST CANCER 1 (BRCA1) AND BREAST CANCER 2 (BRCA2) GENES MARKET, BY TREATMENT
Platinum-based Chemotherapy
PARP Inhibitors
Surgery
Others
GLOBAL BREAST CANCER 1 (BRCA1) AND BREAST CANCER 2 (BRCA2) GENES MARKET, BY END USER
Hospitals
Specialty Clinics
Homecare
Others
GLOBAL BREAST CANCER 1 (BRCA1) AND BREAST CANCER 2 (BRCA2) GENES MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA