Fibrocystic breast disease treatment market is expected to gain market growth in the forecast period of 2022-2029. Data Bridge Market Research analyses the market to account to grow at a CAGR of 4.60% in the above mentioned forecast period.
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Fibrocystic breast disease, commonly called fibrocystic change or fibrocystic breasts, is a non-cancerous disorder that causes lumpiness in the breasts. Fibrocystic abnormalities are the cause of the breast lumps. These lumps arise when fibrous tissue collects in a specific location of the breast. Fibrous tissue makes up the ligaments and scar tissues. Fibrocystic breasts are caused by changes in breast tissue triggered by variable hormone levels produced by the ovaries. The alterations appear to be distressing, causing breast enlargement and uncomfortable lumps. It primarily affects women in their 30s and 50s, and it lasts through menopause and perimenopause. Breast cancer risk rises when fibrocystic breast disease is present.
The growing incidences of breast cancer will act as major driver that will results in the expansion of market’s growth. Another significant factor influencing the growth rate of fibrocystic breast disease treatment market is the rising healthcare expenditure. Furthermore, advancement in the medical technology and growing government funding are the factors that will expand the fibrocystic breast disease treatment market. Other factors such as increase in the demand for effective therapies and rising geriatric population will positively impact the fibrocystic breast disease treatment market’s growth rate. Additionally, high disposable income and changing lifestyle will result in the expansion of fibrocystic breast disease treatment market.
North America dominates the fibrocystic breast disease treatment market due to the presence of major key players, upsurge in the adoption of advanced medical technologies and well-developed healthcare infrastructure in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to the increasing demand for developed technology, rising investment in the healthcare sector, and growing government support.
Some of the major players operating in the fibrocystic breast disease treatment market are Pfizer Inc., Teva Pharmaceutical Industries Ltd., Bayer AG, Allergan, Merck & Co., Inc., Cook, ARGON MEDICAL, BD, Boston Scientific Corporation, Devicor Medical Products, Inc., Hologic, Inc., INRAD, Inc., Assertio Holdings, Inc., Reckitt Benckiser Group PLC, Sun Pharmaceutical Industries Ltd., Sanofi, Horizon Therapeutics plc., Boehringer Ingelheim International GmbH., AstraZeneca, Johnson & Johnson Private Limited, and GlaxoSmithKline plc, among others.
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