Press release
Gastrointestinal Stromal Tumor Market SWOT Analysis, Latest Innovations, Emerging Trends, Industry Size, Growth Prospects and Forecast 2029
Gastrointestinal Stromal Tumor Market
The global gastric cancer market is expected to witness significant growth during the forecast period. Gastrointestinal stromal tumors (GISTs) are one of the world's most common mesenchymal tumors. As per the World Health Organization records, the projected occurrence rate of gastrointestinal stromal tumors is 14.5 per million, and is widespread in 129 people from a sample of a million, in the United States. Over the past few decades, the understanding, awareness and treatment of GISTs has observed tremendous progress. COVID-19 also had a major impact on the market growth.
Data Bridge Market Research analyses a growth rate in the global gastrointestinal stromal tumor market in the forecast period 2029. The expected CAGR of global gastrointestinal stromal tumor market is around 6.60% in the mentioned forecast period. The market was valued at USD 1.07 billion in 2021, and it would grow upto USD 1.78 billion by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Opportunities
Increase in Hospital Demand
The treatment of gastrointestinal stromal tumor is primarily performed in hospitals due to the strict guidelines. Prolonged post-treatment hospitalization period and increased morbidity of gastrointestinal stromal tumor continue to boost the presence of hospitals. By the end of 2026, more than US$ 480 Mn worth of revenues will be produced from treating GISTs in hospitals worldwide. During the forecast period, specialized cancer treatment centers will also emerge as a main end-user in the global gastrointestinal stromal tumor market.
Rising Healthcare Awareness
Health awareness amongst the population are rising which results in the prediction of drugs boost the market growth. The innovative launches in medications for treating gastric cancer are expected to prompt the market simultaneously. Different researchers are investing in launching the drugs that benefit the market. This creates more opportunity in the market.
Increasing Demand for Chemotherapy
Treatment of gastrointestinal stromal tumor is a multidisciplinary approach, involving the contribution of medical oncologists, surgeons, radiologist, as well as pathologists. So far, radiotherapy's role in treating gastrointestinal stromal tumor remains determinedly unestablished. Most patients suffering from this tumor choose symptomatic treatments such as conventional chemotherapy as surgery is not possible in most cases. Thus, this factor create much opportunity for the market growth.
Segmentation:
The global gastrointestinal stromal tumor market is segmented on the basis of treatment type, route of administration, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Treatment Type
Chemotherapy
Targeted Therapy
Others
Route of Administration
Oral
Parenteral
Others
End-Users
Hospitals
Homecare
Speciality Centres
Others
Distribution Channel
Hospital Pharmacy
Online Pharmacy
Retail Pharmacy
Key Market Players:
Mylan N.V. (U.S.)
Teva Pharmaceutical Industries Ltd.(Israel)
Sanofi (France)
Pfizer Inc. (U.S.)
GSK plc (U.K.)
Novartis AG (Switzerland)
Bayer AG (Germany)
Eli Lilly and Company (U.S.)
Merck & Co., Inc. (U.S.)
Johnson & Johnson Private Limited (U.S.)
Cipla Inc. (U.S.)
Abbott (U.S.)
AbbVie Inc. (U.S.)
Sun Pharmaceutical Industries Ltd. (India)
Aurobindo Pharma (India)
Lupin (India)
Hikma Pharmaceuticals PLC (U.K.)
Blueprint Medicines Corporation (U.S.)
NATCO Pharma Limited (India)
Attractions of The Gastrointestinal Stromal Tumor Market Report: -
Latest market dynamics, development trends and growth opportunities are presented along with industry barriers, developmental threats and risk factors
The forecast Gastrointestinal Stromal Tumor Market data will help in the feasibility analysis, market size estimation and development
The report serves as a complete guide which micro monitors all vital Gastrointestinal Stromal Tumor Market
A concise market view will provide ease of understanding.
Nut Oil Market Competitive market view will help the players in making a right move
Key Questions Answered
What impact does COVID-19 have made on Global Gastrointestinal Stromal Tumor Market Growth & Sizing?
Who are the Leading key players and what are their Key Business plans in the Global Gastrointestinal Stromal Tumor Market?
What are the key concerns of the five forces analysis of the Global Gastrointestinal Stromal Tumor Market?
What are different prospects and threats faced by the dealers in the Global Gastrointestinal Stromal Tumor Market?
What are the strengths and weaknesses of the key vendors?
Browse More Info @ https://www.databridgemarketresearch.com/reports/global-gastrointestinal-stromal-tumor-market
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Data Bridge Market Research
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About Us:
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.
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