Herceptin (trastuzumab) is a monoclonal antibody targeting HER2-positive cancers, primarily breast cancer and stomach/gastric cancer, with HER2-positive breast cancer accounting for 15-20% of 2.5 million new breast cancer cases globally in 2020. The market is driven by the high incidence of breast cancer, advancements in precision medicine, where targeted therapies constitute 40% of cancer treatments, and the increasing adoption of biosimilars, which have boosted usage by 30% in low-income countries. The aging population, improved diagnostics, and expanded access to oncology care further fuel demand. The global Herceptin market is estimated at USD 1.5-3.0 billion in 2025, with a compound annual growth rate (CAGR) of 3%-7% through 2030.
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Regional Market Trends
- North America: The U.S. leads with widespread HER2 testing and biosimilar adoption, while Canada focuses on oncology access in rural areas.
- Europe: Germany, France, and the UK drive growth with robust reimbursement for biologics and biosimilars.
- Asia Pacific: China and India see rising demand due to increasing breast cancer incidence, with Japan emphasizing precision oncology.
- Rest of the World: Brazil expands public health access to biosimilars, while the Middle East invests in cancer care infrastructure.
Application Analysis
- Breast Cancer: Expected growth of 3.2%-7.2%, driven by high HER2-positive prevalence. Trends focus on combination therapies with chemotherapy.
- Stomach/Gastric Cancer: Projected growth of 2.8%-6.8%, linked to niche indications. Advances emphasize adjuvant use in advanced cases.
Type Analysis
- Biologic: Expected growth of 2.5%-6.5%, valued for established efficacy. Trends highlight combination regimens.
- Biosimilar: Projected growth of 3.5%-7.5%, favored for cost-effectiveness. Advances focus on expanding access in emerging markets.
Key Market Players
- Roche: Pioneers Herceptin for HER2-positive cancers.
- Amgen: Develops trastuzumab biosimilars for oncology.
- Pfizer: Offers biosimilars to enhance affordability.
- Samsung Bioepis: Focuses on cost-effective biosimilars.
- Celltrion: Provides trastuzumab biosimilars for global markets.
Porter’s Five Forces Analysis
- Threat of New Entrants: Moderate, due to high R&D costs and regulatory barriers, but biosimilars lower entry hurdles.
- Threat of Substitutes: Moderate, with newer targeted therapies competing, though Herceptin remains a standard for HER2-positive cancers.
- Bargaining Power of Buyers: High, as biosimilars increase price competition, giving hospitals leverage.
- Bargaining Power of Suppliers: Low, with multiple providers of biologics manufacturing.
- Competitive Rivalry: High, with biosimilar manufacturers competing on price and market access.
Market Opportunities and Challenges
Opportunities:
- Addressing HER2-positive breast cancer, with 15-20% of 2.5 million cases.
- Leveraging precision medicine, constituting 40% of cancer treatments.
- Utilizing biosimilars, with 30% increased usage in low-income countries.
- Supporting early diagnosis through HER2 testing programs.
- Meeting demand from aging populations with higher cancer risk.
- Expanding access in emerging markets via biosimilars.
Challenges:
- High costs of biologics limiting access in low-income regions.
- Competition from newer targeted therapies.
- Regulatory delays for biosimilar approvals.
- Price erosion due to widespread biosimilars.
- Limited oncology infrastructure in developing regions.
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Table of Contents
Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
Chapter 5 Market Trend Analysis
Chapter 6 Industry Chain Analysis
Chapter 7 Latest Market Dynamics
Chapter 8 Historical and Forecast Herceptin Market in North America (2020-2030)
Chapter 9 Historical and Forecast Herceptin Market in South America (2020-2030)
Chapter 10 Historical and Forecast Herceptin Market in Asia & Pacific (2020-2030)
Chapter 11 Historical and Forecast Herceptin Market in Europe (2020-2030)
Chapter 12 Historical and Forecast Herceptin Market in MEA (2020-2030)
Chapter 13 Summary For Global Herceptin Market (2020-2025)
Chapter 14 Global Herceptin Market Forecast (2025-2030)
Chapter 15 Analysis of Global Key Vendors
List of Tables and Figures
Companies Mentioned
- Roche
- Amgen
- Pfizer
- Samsung Bioepis
- Viatris
- Celltrion
- Biocon Limited
- Shanghai Henlius Biotech
- Prestige Biopharma
- AryoGen Pharmed
- Dr. Reddy’s Laboratories