Press release
Global Gastrointestinal Stromal Tumour Market To Be Driven By Growing Awareness Regarding The Disease In The Forecast Period Of 2021-2026
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The key highlights of the report include:
Market Overview (2016-2026)
Forecast CAGR (2021-2026): 5.8%
The demand of the gastrointestinal stromal tumour market is supported by the rising prevalence of the disease worldwide. The increasing knowledge and comprehension of this tumour is driving the industry, which has catapulted the growth of the market tremendously.
In addition, ongoing R&D activities across multiple medical research institutes and organisations worldwide are fostering gastrointestinal stromal tumour industry development. Region-wise, North America is an important gastrointestinal stromal tumour market and is also expected to hold its position over the forecast period. The increasing acceptance of unhealthy dietary choices and the consequent poor lifestyles of people, accelerated by the use of food additives in those food items, may be due to the safe consumer growth in this area.
The growing incidence of genetic diseases is also a fundamental factor leading to the exponential development in the coming years of this industry in North America. Moreover, in the forecast timeframe, Europe and the Asia Pacific are projected to see healthy growth.
Industry Definition and Major Segments
Gastrointestinal stromal tumours (GISTs) are classified as sarcomas of soft tissue that can be found in any portion of the digestive system. Generally, they are found in the small intestine and the stomach. In the specialised nerve cells located in the walls of the digestive system, GISTs begin to develop.
Explore full report with table of contents: https://www.expertmarketresearch.com/reports/gastrointestinal-stromal-tumor-market
On the basis of treatment type, the market is divided into:
Targeted Drug Therapy
Chemotherapy
Radiation Therapy
Surgery
Others
Based on indication, the industry can be segmented into:
Stomach
Small Intestine
Others
By end use, the industry is categorised into:
Hospitals
Cancer Treatment Centres
Clinics
Others
The regional markets for the product include:
North America
Europe
The Asia Pacific
Latin America
The Middle East and Africa
Market Trends
Developments in clinical practice guidelines are guiding the gastrointestinal stromal tumour industry. In addition, rapid expansion in the healthcare sector and an increasing emphasis on technological advances in this sector are expected to boost market growth in the forecast period for gastrointestinal stromal tumours. In addition, increasing investments in the medical industry, particularly in emerging economies, are anticipated to offer profitable opportunities during the forecast period. All the factors listed above are expected to strengthen the growth of the market in the coming years.
Key Market Players
The major players in the market are Pfizer Inc., Novartis AG, Bayer AG, and Blueprint Medicines Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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