Market Definition
Gastric cancer is the abnormal cell growth across the stomach's inner lining, which progresses slowly and shows early signs like indigestion, slight nausea, heartburn, loss of appetite, etc. Yet, the gradual tumour development escalates the severity of symptoms like stomach pain, yellowish eyes or skin, swelling in the stomach, vomiting, blood in stool, constipation, & weight loss, among others. Gastric Cancers are also commonly known as stomach cancers. There are various treatments for this illness, and each depends upon parameters like the stage, patient age, & overall health.
Market Insights
The Global Gastric Cancer Treatments Market is projected to grow at a CAGR of around 14.80% during the forecast period, i.e., 2022-27. The market is driven by the rapidly increasing number of people suffering from Gastric Cancer and rapid developments in the healthcare sector offering quicker diagnosis & effective treatments for the same.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR | 14.80% |
| Regions Covered | North America: The US, Canada, Mexico |
| Europe: Germany, The UK, France, Russia, Rest of Europe | |
| Asia-Pacific: China, Japan, India, Australia, Rest of Asia Pacific | |
| South America: Brazil, Argentina, Rest of South America | |
| Middle East & Africa: Israel, GCC, South Africa, Rest of The Middle East & Africa | |
| Key Companies Profiled |
AstraZeneca PLC, Bristol Myers Squibb, Celltrion Inc., Jiangsu Hengrui Medicine Co., Ltd., Eli Lilly and Company, GlaxoSmithKline PLC, F. Hoffmann-La Roche AG, Merck & Co., Inc., Novartis International AG, Pfizer Inc., Others, |
| Unit Denominations | USD Million/Billion |
Besides, the mounting awareness among people about the availability of diagnosis & treatment of gastric cancer is portraying a swiftly escalating cancer screening tests across different countries worldwide and encouraging the leading biopharma companies to increase their production & distribution capacities to cater to the rising needs of patients for treatment. For instance:
Moreover, various research & development activities to bring innovations in existing drugs & introduce new medications for gastric cancer are also augmenting the market growth. It, in turn, is leading to several mergers & acquisitions among prominent players for enhanced product portfolio & improved reachability.
Furthermore, massive support from the governments of different countries worldwide through investments & imposition of favorable policies for various clinical trials of therapies are also playing a prominent role in boosting the Global Gastric Cancer Treatments Market.
Market Segmentation
Based on Treatment:
Of all treatments, surgery is anticipated to contribute substantially to the growth of the Global Gastric Cancer Treatments Market during 2022-27. It owes principally to the rising inclination of gastric cancer patients toward surgical treatment due to its applicability to cancers of all stages. Besides, growing public awareness about the availability of different surgeries depending upon parameters like tumor growth, location, patient health, etc., are other crucial aspects stimulating the market growth for surgery.
On the other hand, Chemotherapy can be given to patients with gastric cancer in three formations:
The most prominent Chemotherapy drugs used for gastric cancer treatment include:
A few of the aforementioned Chemotherapy drugs are also used in combination with targeted therapy in some cases of gastric cancer. In cases of early-stage gastric cancers, drug combinations used before and/or after surgery include:
Based on End-Users:
Here, hospitals are anticipated to dominate the market with the largest share during 2022-27. It owes principally to the growing focus of governments of different countries on developing the healthcare infrastructure and building several multi-specialty hospitals to meet the burgeoning patient needs and attract medical tourism to the country.
Besides, with the swift escalation in the number of hospitals, the demand for the procurement of various diagnosis equipment & treatment drugs is rising and demonstrating massive financial flow in the industry. It, in turn, is also generating growth opportunities for the leading players to increase their development & distribution capabilities to cater to patient requirements globally.
Moreover, as every hospital is equipped with various laboratories & pharmacies, the constant need to have equipment & drugs available at hospitals is also playing a prominent role in augmenting the overall growth of the Global Gastric Cancer Treatments Market through 2027.
Regional Landscape
Geographically, the Global Gastric Cancer Treatments Market expands across:
Of all regions globally, Asia-Pacific is anticipated to dominate the Gastric Cancer Treatments Market with the largest share during 2022-27. It attributes primarily to the vast patient pool of stomach cancer across countries like China, Japan, South Korea, & India due to active screening programs by their respective governments. It, in turn, is generating growth opportunities for the leading players to bring advancements in disease treatments for greater effectiveness & success rates, which, in turn, is augmenting the growth of the Asia-Pacific Gastric Cancer Treatments Market.
Besides, massive government investments in various research & development activities for innovations in gastric cancer diagnosis & treatment entwined with favorable policies for clinical trials for drugs shall also boost the regional market growth over the forecast years. Due to such initiatives, the leading biopharma companies in the region are introducing new products & innovations in existing drugs and, in turn, contributing to the expansion of the Gastric Cancer Treatments Market across Asia-Pacific.
Possible Restraint in the Global Gastric Cancer Treatments Market
Since certain diagnoses & therapies of most cancers, including gastric cancer, incur high costs, it limits the number of patients opting for treatments due to their inability to afford them. Besides, some people also find difficulties attaining financial support from various health insurance companies due to rigid policies. These aspects are acting as prominent growth restraints for the Global Gastric Cancer Treatments Market.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Global Gastric Cancer Treatments Market is projected to grow at a CAGR of around 14.80% during 2022-27.
A. The active participation of the leading players in various research & development activities for advancements in gastric cancer diagnosis & treatment, coupled with massive government support through favorable policies for conducting clinical trials and rising healthcare expenditure, are the prominent factors driving the Global Gastric Cancer Treatments Market. On the other hand, the high cost of gastric cancer diagnosis & treatment would hamper the fledged growth of the market through 2027.
A. Surgery is anticipated to emerge as an area of remunerative opportunities for the leading players in the Global Gastric Cancer Treatments Market over the forecast years.
