Portland, Oregon, April 14, 2023 (GLOBE NEWSWIRE) — According to a report published by Allied Market Research, global stomach cancer market generates $2.1 billion in 2021 and is expected to reach $10.7 billion by 2031, witnessing a CAGR of 17.9% from 2022 to 2031 The report offers detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes and competitive scenarios. The report is a useful source of information for leading market players, new entrants, investors, and stakeholders in developing strategies for the future and taking steps to strengthen their position in the market.
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Report coverage and details:
| Report coverage | Details |
| Forecast period | 2021–2031 |
| Base year | 2021 |
| Market size in 2021 | 2.1 billion dollars |
| Market Size in 2031 | $10.7 billion |
| CAGR | 17.9% |
| Number of pages in the report | 350 |
| Covered segments | Disease type, treatment type, drug class outlook, route of administration, distribution channel and region |
| Drivers | The increasing incidence of gastric cancer requires effective treatment |
| The rise of obesity and excessive consumption of highly processed foods, sugary drinks, tobacco, genetic modification of genes, families with cancer and alcohol | |
| Opportunities | Increase in the number of stomach cancer cases |
| Limits |
The high cost of stomach cancer treatment |
Covid-19 scenario:
- The COVID-19 pandemic has had a negative impact on healthcare systems around the world, including those dealing with cancer diagnosis and treatment. In addition, the pandemic has caused delays in diagnosis and treatment, changes in treatment regimens, and shutdowns in cancer research.
- Delays in the diagnosis and treatment of stomach cancer were the main impacts of the COVID-19 pandemic. To reduce the risk of transmission of COVID-19, many hospitals and clinics have been forced to postpone or cancel non-urgent procedures and appointments. This has led to delays in cancer diagnosis and treatment, making it difficult for patients to stay healthy.
- The pandemic has also hampered efforts to find new treatments for stomach cancer through clinical trials. thanks to government initiatives that have imposed strict regulation and blocking around the world. Several clinical trials have been delayed or halted, delaying the development of new disease-modifying therapies.
- Despite these challenges, the global gastric cancer market has rebounded since the pandemic.
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The report offers detailed segmentation of the global gastric cancer market based on disease type, treatment type, drug class outlook, route of administration, distribution channel, and region. The report provides analysis of each segment and sub-segment with the help of tables and figures. This analysis helps the market players, investors and new entrants in determining the sub-segments to use to achieve growth in the coming years.
By disease type, the adenocarcinoma, solutions segment contributed nearly two-fifths of the global gastric cancer market revenue and is expected to rule by 2031. The same segment will also show the fastest CAGR of 18.9% during the entire forecast period. Lymphoma, gastrointestinal stromal tumor, carcinoid tumor, and other segments are also discussed in the report.
By treatment type, the chemotherapy segment garnered almost half of the global gastric cancer market revenue and is expected to dominate by 2031. However, the targeted therapy segment will post the fastest CAGR of 19.2% throughout the forecast period. Also, the immunotherapy and radiotherapy and surgery segments are studied in the report.
According to the drug class outlook, the PD-1/PD-L1 inhibitors segment will show the fastest CAGR of 18.7% throughout the forecast period. HER2 antagonists, VEGFR2 antagonists and other segments are also analyzed in the report.
By distribution channel, the specialty pharmacy and retail pharmacy segment contributes nearly three-fifths of the global gastric cancer market revenue and is expected to maintain its dominant position until 2031. The same segment will also post the fastest CAGR of 18.5 % throughout the forecast period. Hospital pharmacies and other segments are also evaluated through the report.
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By region, Asia Pacific held the major share in 2021, garnering more than half of the global gastric cancer market revenue and is expected to rule in terms of revenue during the forecast period. Simultaneously, the Europe region will exhibit the fastest CAGR of 18.8% throughout the forecast period. Other provinces explored in the report include North America and LAMEA.
The key market players analyzed in the global gastric cancer market report include samsung bioepis, Celltrion Healthcare Co., Ltd., Eli Lilly & Company, Merck & Co., Inc., Bristol Myers Squibb Company, Mylan NV, Novartis AG, Pfizer, Inc., Teva Pharmaceutical Industries Ltd. and F. Hoffmann La Roche Ltd. These market players have adopted several strategies including partnership, expansion, collaboration, joint ventures and others to highlight their might in the industry. The report is helpful in formulating the business performance and development of the leading players.
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Allied Market Research (AMR) is the market research and business consulting arm of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a single-minded focus on providing business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services in 11 industry verticals including Life SciencesConsumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverage, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense and BFSI.
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