Gastric Cancer Therapeutics Market to Grow at an Impressive CAGR During the Forecast Period
Rising cases of stomach cancer to drive the growth of Global Gastric Cancer Therapeutics Market, in the forecast period, 2022-2026.
According to TechSci Research report, “Global Gastric Cancer Therapeutics Market By Therapy Type (Chemotherapy, Targeted Therapy, Immunotherapy, Radiation Therapy, Surgery), By Disease Indication (Gastric Adenocarcinoma, Gastrointestinal Stromal Tumor, Gastric Neuroendocrine Tumors), By Molecule Type (Small Molecule, Biologics), By Line of Therapy (Neoadjuvant and Adjuvant, First Line Therapy, Second Line Therapy), By Mode of Action (Programmed Cell Death Protein 1 Inhibitors, Human Epidermal Growth Factor Receptor Antagonists, Vascular Endothelial Growth Factor Receptor Antagonists, Others), By Route of Administration, By End User, By Distribution Channel, By Region, Competition Forecast & Opportunities, 2026”, the global gastric cancer therapeutics market is anticipated to show robust growth in the next five years on account of increasing number of cancer patients. Stomach cancer is one of the types of cancer that is prevailing at a very high rate. The drugs that can cure cancer and is promising over the relapsing of the cancer is not yet in the market. The lack of 100% efficient drugs is influencing the research institutes to conduct extensive studies to find the perfect cure and these factors are dramatically affecting the global gastric cancer therapeutics market towards a positive growth in the upcoming five years.
Cancer is a chronic disorder that can be defined as the mass of unregulated cell growth that take place in a form of lump. Stomach cancer is the mass growth of cancerous cells in the gastrointestinal tract. The carcinogenic cells develop from the glands of the innermost lining of the stomach, it is a form of adenocarcinoma. Patients suffering from the gastric cancer often show symptoms like difficulty swallowing, feeling bloated after eating, feeling full after eating small amounts of food, heartburn, indigestion, etc.
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The global gastric cancer therapeutics market is segmented on the basis of therapy type, disease indication, molecule type, line of therapy, mode of action, route of administration, end user, distribution channel, competitive landscape, and regional distribution. Based on disease indication the market is further segmented into gastric adenocarcinoma, gastrointestinal stromal tumor (GIST), gastric neuroendocrine tumors (gNET). Gastric adenocarcinoma is anticipated to assert its dominance over the market owing to the fact that it is the most common form of the gastric cancer, worldwide. Unhealthy diet, obesity cases, growing geriatric population of the world is further anticipated to stimulate the growth of the global gastric cancer therapeutics market in the next five years.
Based on molecule type the market is further segmented into small molecules and biologics. Small molecules and biologics are a type of therapeutic drugs that are incorporated to treat the symptoms of stomach/ gastric cancer. Various small molecule drugs are region specifically efficient. For example, Apatinib is the first-discovered small molecule inhibitor for VEGFR tyrosine kinase that has a clear effect on Asian patients with advanced gastric cancer. Whereas biologics are more focused and are utilized as targeted drugs for a wider circle of patient. Thus, efficiency of the biologics is anticipated to drive the segment growth of biologics to a significant growth such that it is expected to hold the largest share of the market in the next five years until 2026.
Some of the major competitors in the market are Bristol-Myers Squibb AB, Celltrion Inc., Eli Lilly and Company, Hoffmann-La Roche Ltd., GlaxoSmithKline PLC, Imugene Limited, Novartis AG, Merck & Co. Inc., Otsuka Holdings Co. Ltd, Pfizer Inc., Array Biopharma Inc., AstraZeneca PLC, Ipsen Biopharmaceuticals Ltd., Taiho Oncology Inc., Galena Biopharma Inc., among others.
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“New market players who are potential pipeline candidates for the research and development activities to develop the targeted therapies that have an efficiency to treat gastric cancer can benefit from these endeavors. Targeted therapies would involve special drugs, that affects the growth of the carcinogenic cells. Moreover, chemotherapy and radiotherapy has proven itself to be effective thereby new players are advised to find more efficient chemotherapy and radiotherapy options. North America is a tentatively dominant market sector owing to its world-class healthcare industry that is developed and is efficient towards finding the cure to cancer through its excellent team for research and development,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Gastric Cancer Therapeutics Market By Therapy Type (Chemotherapy, Targeted Therapy, Immunotherapy, Radiation Therapy, Surgery), By Disease Indication (Gastric Adenocarcinoma, Gastrointestinal Stromal Tumor, Gastric Neuroendocrine Tumors), By Molecule Type (Small Molecule, Biologics), By Line of Therapy (Neoadjuvant and Adjuvant, First Line Therapy, Second Line Therapy, By Mode of Action (Programmed Cell Death Protein 1 Inhibitors, Human Epidermal Growth Factor Receptor Antagonists, Vascular Endothelial Growth Factor Receptor Antagonists, Others), By Route of Administration, By End User, By Distribution Channel, By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global Gastric Cancer Therapeutics Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Gastric Cancer Therapeutics. Market.
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