Stomach Cancer Drugs Market Expected to Expand at a Steady 2021-2028 | Pfizer Inc., Eli Lilly and Company, GlaxoSmithKline Plc., Kuhnil Pharmaceutical Co. Ltd.

Global Stomach Cancer Drugs Market

Stomach cancer is a build-up of abnormal cells that form a mass in particular parts of the stomach. Symptoms of stomach cancer include fatigue, feeling bloated after eating, severe heartburn, severe indigestion, persistent nausea, stomach pain, persistent vomiting, and unintentional weight loss. There are many treatments available in the market for stomach cancer, such as targeted drug therapy, chemotherapy, immunotherapy, etc. Stomach cancer drugs are also used in combinations to increase their effectiveness to fight stomach cancer. For instance, TPF is a combination of drugs which include Docetaxel (Taxotere), Cisplatin (Platinol), and Fluorouracil, which is used to kill cancer cells in different ways.

The global stomach cancer drugs market was assessed at US$ 4.0 million in 2017, and is expected to observe a massive CAGR of 5.4% over the forecast period (2018-2026).

To Get more Business Statergies Request for Sample Report at – https://www.coherentmarketinsights.com/insight/request-sample/2667

Increasing FDA approvals of biosimilars for treatment of stomach cancer is expected to drive market growth

The global stomach cancer drugs market revenue is expected to increase, owing to increasing number of FDA approvals for biosimilars. Adoption of biosimilars in last five years is on a high demand because of the comparatively lower price than biologics treatment of stomach cancer.

For instance, in 2017 Biocon Ltd., in partnership with Mylan N.V., received FDA approval for Ogivri (trastuzumab) for the treatment of stomach cancer or gastro-esophageal junction adenocarcinoma. Ogivri is the first FDA-approved biosimilar of Herceptin and the first biosimilar from Mylan and Biocon’s joint portfolio approved in the U.S. Further, In March 2019, Pfizer Inc. announced the U.S. Food and Drug Administration (FDA) approval of TRAZIMERA (trastuzumab), a biosimilar of Herceptin (trastuzumab), for the treatment of HER2 overexpressing metastatic gastric or gastroesophageal junction adenocarcinoma.

Moreover, the reimbursement policies for stomach cancer drugs are highly contributing to the stomach cancer drugs market growth. There are government and private healthcare policies which reimburse the charges of stomach cancer drugs which also increases the adoption of drugs because of reimbursement policies. For instance, according to Bristol-Meyer Squibb Medicare Part B will reimburse 80% of the price of Opdivo and remaining 20% is patient’s responsibility. Opdivo is under clinical trial in phase 3 for treatment of stomach cancer.

On the other hand, the major restraining factors for growth of the stomach cancer drugs market include the serious side effects caused by the drugs. These include nausea and vomiting, loss of appetite and weight loss, fatigue, diarrhoea, hair loss, sore mouth, hand-foot syndrome, low blood cell counts, blood clots (Deep Vein Thrombosis), nervous system damage, and heart damage in patients undergoing treatment for stomach cancer.

According to the 2017 report published by the American Cancer Society (ACS) on side effects of stomach cancer, chemotherapy drugs, such as doxorubicin and epirubicin, can cause permanent damage to the heart if used for a prolonged period of time, or in high doses. As per the same source, other drugs, such as Cisplatin, oxaliplatin, docetaxel, and paclitaxel, can cause major damage to the nerves outside the brain and spinal cord.

To Get Research PDF Brochure Here @ https://www.coherentmarketinsights.com/insight/request-pdf/2667

Global Stomach Cancer Drugs Market - Regional Insights

North America is expected to hold a dominant position in the global stomach cancer drugs market during the forecast period owing to rising number of clinical trials for drug development for treatment of stomach cancer. For instance, Bristol-Myers Squibb in 2016, initiated a clinical study to test combination treatments for stomach cancer. A comparative study between Nivolumab in combination with other therapies and Nivolumab in combination with Ipilimumab to check which therapy is more effective in treating patients with advanced stomach cancer. In February 2019, the study entered in phase 2 and it is estimated to be completed in 2021.

Furthermore, Asia Pacific is expected to foresee a rapid growth in the stomach cancer drugs market, owing to a rise in launch of biosimilars for treating stomach cancer. For instance, in 2018, Dr. Reddy’s Laboratories launched Hervycta trastuzumab (Herceptin biosimilar) in India. Dr. Reddy’s Laboratories who also developed the biosimilar, said that the drug will be sold under the name Hervycta and it will be used in the treatment of metastatic gastric cancer. Biosimilar trastuzumab is Dr. Reddy’s 4th biosimilar to be commercialized in India, as well as in other emerging markets across the globe.

Competitive Background

The well-known players operating in the global stomach cancer drugs market include Pfizer Inc., Eli Lilly and Company, GlaxoSmithKline Plc., Kuhnil Pharmaceutical Co. Ltd., Daiichi Sankyo Co. Ltd., Merck KGaA, AstraZeneca Plc, Otsuka Holdings Co. Ltd., Sanofi S.A., and F. Hoffmann-La Roche Ltd, Ono Pharmaceutical Co. Ltd., Bristol-Myers Squibb (BMS), Jiangsu HengRui Medicine Co. Ltd., Gilead Science Inc., Celgene Corporation, Taiho Pharmaceutical, Boston Biomedical Inc., and Merck & Co.

To Direct Purchase this Research Report – https://www.coherentmarketinsights.com/insight/buy-now/2667

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

This release was published on openPR.