The South Korea breast cancer market size stood at around USD xx billion in 2019 and is projected to reach xx billion by 2028, exhibiting a CAGR of around 5.4 % during the forecast period.
Brest cancer is type of cancer that develops in breast tissue. Formation of lump in a breast, red patches on the skin are the some of the common symptoms of the breast cancer. Obesity, lack of physical exercise, overexposure to radiation and drinking alcohol are some of the risk factor for developing breast cancer. It is the second most common type of cancer in women. It accounted for 23.7% of new cancer cases in females of South Korea in 2020.
In Korea, breast cancer is the most common among all cancers in women. In 2017, there were 22,300 new cases and the crude incidence rate was 86.9 per 100,000, according to data from the Korea National Cancer Incidence Database (KNCID). The number of incident breast cancers in 2019 was estimated to be at 24,010, with a crude incidence rate of 92.9 per 100,000, suggesting an increasing trend. An epidemiologic study suggests that the incidence rate is expected to rapidly increase within the next 10 years in Korea due to an increasing proportion of older individuals in the population and continuous adoption of the westernized lifestyle.