Triple-negative breast cancer is characterized by the absence of progesterone and estrogen receptors. Triple-negative breast cancer does not respond to hormonal therapy and necessitates a combination of surgical procedures. The market for Triple-negative breast cancer treatment market is expected to be worth more than $620 million in 2020, expanding at a CAGR of more than 4.5% from 2021 to 2027.
Increased demand for triple-negative breast cancer treatment solutions is being driven by the rising prevalence of breast cancer and blood-related illnesses among the growing population. Increased focus on research and development in therapeutic areas like oncology, as well as the acceptance of innovative treatment regimens for breast cancer, are projected to drive the triple-negative breast cancer treatment market size to new heights in the near future.
According to the World Health Organization (WHO), cancer is the second-leading cause of death worldwide, accounting for approximately one in every six deaths, with an estimated 9.6 million deaths in 2018. According to the WHO, approximately 2.09 million cases of breast cancer were discovered worldwide. As a result, rising breast cancer prevalence, an aging population, and changing lifestyles are expected to drive the growth of the triple-negative breast cancer treatment market.
The market for Triple Negative Breast Cancer treatment is expanding due to an increase in the number of TNBC patients, advancements in medical technology, and the growing need for effective breast cancer treatment. However, the COVID-19 pandemic has a short-term negative impact on the TNBC market. The COVID-19 pandemic has caused a slew of market issues, including labor shortages and transportation restrictions.
Major players are investing to develop innovative treatment techniques. For instance, CEL-SCI produced immunotherapy to treat COVID-19 in March 2020, which would lessen tissue damage and other disorders. Several other viral diseases, some types of cancer, allergic asthma and allergy, select CNS diseases such as Alzheimer’s, and autoimmune diseases such as rheumatoid arthritis have all been linked to antigenic peptide(s) sequences.
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