The Brazil breast cancer therapeutics market is expecting growth from $455 Mn in 2022 to $1,289 Mn in 2030 with a CAGR of 13.9% for the period 2022-2030 due to growing awareness of the breast cancer treatments and increased prevalence of obesity contributing to breast cancer in Brazil. The market is segmented by therapy, by cancer type, and by distribution channel. Neo Química, Sanofi Inc., and Hypermarcas are some key players in the Brazil breast cancer therapeutics market.
The Brazil breast cancer therapeutics market size is at around $455 Mn in 2022 and is projected to reach $1,289 Mn in 2030, exhibiting a CAGR of 13.9% during the forecast period. In Latin America and the Caribbean, Brazil is the nation with the most inhabitants and has the biggest healthcare market. Though it is still an emerging country, Brazil's health spending is one of the highest in the region in comparison to its gross domestic product. Nevertheless, it still trails behind developed nations. Nearly $26.6 Bn was spent on health by the Brazilian government in 2022, of which $12.1 Bn, or more than 45 %, was spent on inpatient and outpatient care. Epidemiological surveillance accounted for roughly about $2.5 Bn or about 9.6% of the nation's public health spending.
Breast cancer affects more than 52,000 women in Brazil each year, and mortality rates have been gradually rising. With annual rates of fewer than 10% of the target population, it has been predicted that Brazil's public health system has low rates of breast cancer screening. In comparison to the United States, the expected 5-year breast cancer survival rates in Brazil are low at 58%. Early diagnosis and treatment access continue to be the bottlenecks in Brazil's continuum of breast cancer care. One of the most important factors for enhancing the patient's quality of life and chances of recovery is the decrease in the waiting period before beginning therapeutic operations. The type of healthcare offered to women in Brazil may be related to the high breast cancer mortality rate, possibly because they were diagnosed with more advanced diseases. Women treated in the public healthcare system had considerably longer intervals between diagnosis and treatment, worse outcomes, and lower disease-free survival.
Market Growth Drivers
During the projected period, the market will be driven by the swiftly growing awareness among Brazilians of the value of early identification and treatment of cancer. A more sedentary lifestyle is being adopted by more people in Brazil as a result of rising disposable income and industrialization. As a result, more people are developing lifestyle disorders like obesity, which raises their risk of developing breast cancer.
Market Restraints
The high cost of cancer treatment in Brazil for breast cancer is anticipated to hinder market expansion. The Brazilian healthcare system is under more pressure now than it was previously due to the rapid spread of the Covid-19 virus and an increase in patient hospitalizations. Hospitals are being compelled to use money from other departments, like oncology, to buy necessary equipment, including ventilators and PPE kits to deal with the pandemic, which is posing a challenge to the market's growth. Additionally, Brazil's poor rates of breast cancer screening, late detection, and identification of the disease severely impede market expansion.
Key Players
The Sistema Único de Saúde (SUS), Brazil's national public healthcare system, covers breast cancer treatment as a government-funded program. All Brazilian citizens, regardless of wealth or social standing, have access to the SUS, a publicly financed universal healthcare system. By offering free mammograms and other breast cancer services to women over the age of 40, the SUS's "Mama Brasil" initiative seeks to enhance the early identification and treatment of breast cancer. Private insurance plans frequently offer quick access to care and more thorough coverage than the SUS, but they may also be expensive.
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Therapy (Revenue, USD Billion):
By Cancer Type (Revenue, USD Billion):
By Distribution Channel (Revenue, USD Billion):
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