Global Aromatase Inhibitors Drug Market was valued US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at CAGR of XX% during forecast period of 2020 to 2027.
Global Aromatase Inhibitors Drug Market Introduction:
Aromatase inhibitors are a class of drugs used in the treatment of breast cancer in postmenopausal women and gynecomastia in men. Aromatase inhibitor drugs are also be used off-label to reduce estrogen conversion when using external testosterone. They may also be used for chemoprevention in high risk women. Gradually, the cases of breast cancer in postmenopausal women is rising, which drives the growth of aromatase inhibitors drug market. Simultaneously, Major key players are consistently investing in the research and development on aromatase inhibitor drugs will also supplement the Aromatase Inhibitors Drug Market growth. In addition, market is also accelerated by the strategic alliances as well as mergers & acquisitions between the companies. Moreover, special description from the regulatory authority of novel drugs can also boost the market growth.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Aromatase inhibitors drugs are the course of hormonal therapy that by blocking the activity of aromatase. Aromatase an enzyme is responsible for the conversion of androgens into estrogen and these inhibitors reduces the level of circulatory estrogen. Aromatase inhibitors are widely used for the treatment of receptor-positive breast cancer in postmenopausal women. These drugs are used in the treatment of breast cancer only in postmenopausal women because, usage of aromatase inhibitors prevents ovaries from producing estrogen. Hence, uncontrolled growth of abnormal cells in many parts of the breast is known as breast cancer.
The MMR presents the Global Aromatase Inhibitors Drug Market dynamics, which are studied and explained in depth by the analysts. Major players operating in the market are focusing on clinical collaboration and commercial expansion to tap several opportunities present in the market. Stringent governmental regulation makes this market tough for small players. Small player in the market are launching several bio-similar products in order to satisfy increasing demand from the emerging economies around the globe.
Global Aromatase Inhibitors Drug Market Region wise Market Analysis & Forecast:
The report covers a geographic breakdown and a detailed analysis of each of the segments across regions:
• North America,
• Asia Pacific,
• Latin America,
• Middle East & Africa
North America dominate the global Aromatase Inhibitors Drug Market with the largest market share of US$ XX.XX Mn, in 2019, owing to rising health awareness & health care expenditure along with the rise in prevalence of breast cancer in postmenopausal women. Owing to the increase in research and development on aromatase inhibitor drugs, contribution of Europe is also significant with the market share of US$ XX.XX Mn in 2019. Major players in the Asia Pacific are also investing at large to emerge with the latest & effective medication, as gradually the occurrences of breast cancer are rising drastically. Emerging economies like China, Japan, India and Korea, with large patient population are anticipated to drive the market in Asia Pacific. The global aromatase inhibitor drugs market in Middle East & Africa is likely to be driven by rise in prevalence of breast cancer. The market in Latin America is expected to grow exponentially during the forecast period from 2020 to 2027 due to increase in alertness about breast cancer among the people. Untapped geographies with a high undiagnosed patient base would offer lucrative opportunities for the innovators in future.
Increasing Occurrences of Breast cancer in the United States:
Rise in prevalence of breast cancer across the world boosts demand for aromatase inhibitor drugs. Breast cancer is of two types invasive and non-invasive. Invasive breast cancer is categorized by cancerous cells in the lining of the lobules or ducts. Due to invasive cancer cells, the surrounding tissues like skin, connective tissues, and fatty tissues become cancerous. Non-invasive breast cancer is categorized by cancerous cells in lobules or ducts.
Although, breast cancer is the most common cancer in American women, except for skin cancers. There are over 3.5 million breast cancer survivors in the United States. On average, every 2 minutes a woman is diagnosed with breast cancer in the United States. Female breast cancer represents 15.2% of all new cancer cases in the U.S.
A research conducted in US in 2019, and around 268,600 new cases of breast cancer are diagnosed in women as well as 62,930 new cases of non-invasive breast cancer. 62% of breast cancer cases are diagnosed at a localized stage, for which the 5-year survival rate is 99%. 1 in 8 women in the United States will develop breast cancer in her lifetime. Although rare, men get breast cancer too. The lifetime risk for U.S. men is about 1 in 1,000. Around 2,670 men are diagnosed with breast cancer in year 2019 in the United States.
Global Aromatase Inhibitors Drug Market is studied by Various Segments:
The analysts at Maximize Market Research have done an extensive research for the Global Aromatase Inhibitors Drug Market and provides the report with detail study of the market by various segments and by region. The global aromatase inhibitor drugs market can be segmented based on product, distribution channel, and region. In terms of product, the market can be categorized into letrozole, exemestane, testolactone, and anastrozole. Based on distribution channel, the global aromatase inhibitor drugs market can be classified into retail pharmacies, online pharmacies, and hospital pharmacies.
Global aromatase inhibitor drugs market by Product
Global aromatase inhibitor drugs market by Distribution Channel
• Retail pharmacies
• Online pharmacies
• Hospital pharmacies
Global Aromatase Inhibitors Drug Market Company Profiles:
Detailed analysis of competition, new entrants, strategic alliances, mergers and acquisition in the Global Aromatase Inhibitors Drug Market is covered in the report. The report covers the market leaders and followers in the industry with the market dynamics by region. It will also help to understand the position of each player in the market by region, by segment with their expansion plans. All major & important players are profiled, benchmarked in the report on different parameters that will help reader to gain insight about the market in minimum time. The major players operating in the Global Aromatase Inhibitors Drug Market, analyzed in the report are:
• Novartis AG,
• Bristol-Myers Squibb and Company,
• Pfizer, Inc.
• ANI Pharmaceuticals, Inc,
• Hikma Pharmaceuticals PLC,
• Teva Pharmaceutical Industries Ltd,
• Zydus Cadila,
• Cpla Inc,
• Amneal Pharmaceuticals LLC,
• Fresenius Kabi AG
Objective of the Report:
The objective of the report is to present a comprehensive analysis of Global Aromatase Inhibitors Drug Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Aromatase Inhibitors Drug Market dynamics, structure by analyzing the market segments and project the Global Aromatase Inhibitors Drug Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Aromatase Inhibitors Drug Market make the report investor’s guide.
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