Gastric Cancer Therapy Market Analysis, Key Company Profiles, Types, Applications and Forecast to 2030

It is estimated for the global gastric cancer therapy market to witness growth at a CAGR of 13.1% during the forecast period of 2022 to 2030.

The market has been witnessing growth from the previous forecast period of 2018 to 2021. Growth in the unhealthy habits of the population coupled with the rise in disease and the node from the pipeline candidates are the factors that are estimated to propel the growth of the market during the forecast period.

An increase in unhealthy habits such as smoking and alcohol consumption, an increase in obesity, and a rising prevalence of gastroesophageal reflux disease all act as risk factors for gastric cancer. The increasing percentage of these diseases is estimated to boost the growth of the market during the forecast period.

The drugs including Herceptin and Cyramza are been repeatedly used for treating gastric cancer developed across the world. Apart from this, the adaption of PD-1 inhibitors such as Opdivo and Keytruda is estimated to bring change in the management of advanced metastatic stages of the disease.

Due to product launches, recent advancements in the stream of targeted therapy, and a tough clinical pipeline the segment of chemotherapy is estimated to hold the largest share of the gastric cancer drugs market by the end of the forecast period.

Key Market Trends

Owing to the high prevalence of the disease and the availability of various products, it is estimated for the gastroesophageal junction cancer segment to drive the growth of the market during the forecast period. Owing to the increasing number of product launches it is estimated for the gastrointestinal stromal tumours segment to witness a healthy growth in the market.

Further, owing to the launch and integration of PD-1 inhibitors including Opdivo and Keytruda in gastric cancer therapy treatment it is anticipated for immunotherapy to boost the growth of the market during the forecast period based on the segment of the type of treatment.

Asia Pacific region is expected to maintain its dominance during the forecast period and at the same time, Europe is anticipated to see a rise in the market during the forecast period owing to the increasing target patient population.

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Segmental Analysis of the Market

By Treatment Type
Chemotherapy
Immunotherapy
Targeted Therapy
Radiation Therapy And Surgery
It is estimated for the chemotherapy category to boost the growth of the market.

By Indication Outlook
Gastric Cancer/Gastroesophageal Junction Cancer
Gastrointestinal Stromal Tumors
It is estimated for stromal cancers to lead the market during the forecast period.

By Route of Treatment
Oral
Injectable
It is estimated for the oral category to boost the growth of the market.

Asia Pacific region to witness growth at a the fastest pace

Asia Pacific region is expected to maintain its dominance during the forecast period and at the same time Europe is anticipated to see a rise in the market during the forecast period owing to the increasing target patient population. The high disease burden and research initiatives in Asia Pacific region is estimated to boost the growth of the market.

Competitive Landscape
Some of the prominent companies operating in the market are
Novartis AG
Pfizer, Inc.
Mylan N.V.
F. Hoffmann La Roche Ltd.
Eli Lilly And Company
Merck & Co., Inc.
Teva Pharmaceutical Industries Ltd.
Celltrion Healthcare Co., Ltd.
Samsung Bioepis
Bristol Myers Squibb Company

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