Global breast cancer drug market set to grow to $17.2 billion by 2021
The global breast cancer therapeutics market is set to increase in value from $10.4 billion in 2014 to $17.2 billion by 2021, at a compound annual growth rate (CAGR) of 7.3%.
According to business intelligence provider GBI Research’s latest report, this strong growth will be primarily due to substantial increases in the prevalence of breast cancer, with rates of the disease expected to rise over the forecast period due to an aging population, changing lifestyles and higher survival rates.
Furthermore, Deekshita Allavarapu, an analyst for GBI Research, says that the introduction of several new therapies will help to drive breast cancer treatment market growth by 2021.
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