ENDOCRINE THERAPY DRUGS (ETDS) MARKET ANALYSIS

Endocrine Therapy Drugs (ETDs) MarketSize and Trends

The global endocrine therapy drugs (ETDs) market is estimated to be valued at US$ 28,958.4 million in 2022 and is expected to exhibit a CAGR of 5.1% over the forecast period (2022-2030).

The increasing incidence of chronic diseases such as breast cancer, diabetes, and others is expected to drive the growth of the global endocrine therapy drugs (ETDs) market over the forecast period.

The increasing research and development activities for the development of novel endocrine therapy drugs (ETDs) for the treatment of diseases such as breast cancer, diabetes, and others is expected to drive the market growth over the forecast period.

Figure 2. Global Endocrine Therapy Drugs (ETDs) Market Value (US$ Mn), By Drug Type, 2022

Global Endocrine Therapy Drugs (ETDs) Market – Impact of Coronavirus (Covid-19) Pandemic

SARS-CoV-2 (Severe acute respiratory syndrome coronavirus) was first reported from Wuhan, China in December 2019, and was declared as a global pandemic by the World Health Organization (WHO), which designates this SARS-CoV-2 infection as novel Coronavirus (COVID-19). According to the Coronavirus (COVID-19), Weekly Epidemiological Update by the World Health Organization, COVID-19 has spread across the globe infecting over 392 million population leading to more than 5.7 million deaths as of January 30, 2022. The negative impact of COVID-19 on the healthcare domain is huge and it has significantly disrupted the healthcare industries’ entire supply chain, from raw materials to manufacturing and delivery. However, the COVID-19 pandemic is expected to show a positive impact on the overall growth of the endocrine therapy drugs (ETDs) market owing to the growing preference of physicians in adoption of endocrine therapy for safely delaying surgery in the treatment of breast cancer amidst the COVID-19 pandemic.

For instance, according to an article published by the Breast Cancer Research and Treatment journal in March 2021, a survey was carried out from May-June, 2020, amongst U.S. medical oncologists, radiation oncologists, and surgeons involved in clinical trials organizations. From the results of this survey it was found that before COVID-19 pandemic, around 46% respondents rarely used neoadjuvant endocrine therapy (NET) for deferral of surgery, whereas, during the pandemic most of the physicians preferred the use of NET and recommended omission of axillary lymph node dissection (ALND) surgery (removal of lymph nodes to stop breast cancer from spreading) after 1-3 months use of NET.