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Rapidly Growing Gastric Cancer Drugs Market: Insightful Projections into Future Market Size, CAGR, Major Players, and Trends
Gastric Cancer Drugs Market Size
What Is The Projected Market Size Of The Global Gastric Cancer Drugs Market And Its Growth Rate?
The global gastric cancer drugs market has exhibited rapid growth over recent years, with the below highlights:
• Market size in 2024: $4.43 billion
• Market size growth in 2025: $5.01 billion (CAGR 12.9%)
• Expected market size in 2029: $7.6 billion (CAGR 11.0%)
Factors attributing to this growth include increased expenditure in pharmaceutical R&D and healthcare, economic growth in emerging markets, increasing elderly population, rising incidence of gastric cancer, and introduction of strong pharmaceutical drug pipelines.
What Is Driving The Growth In The Gastric Cancer Drugs Market?
The growth in the gastric cancer drugs market can be attributed to the rising number of gastric cancer cases caused by increase in obesity and tobacco consumption. Unhealthy diets further increase the risk of stomach cancer. For example, a projection by the UK Government Digital Service, revealed that obesity among individuals (18 years and older) in England increased from 25.9% in 2022 to 25.2% in 2023. This increase correlates with a surge in gastric cancer cases, consequently driving the growth of the gastric cancer drugs market.
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Who Are the Key Players Driving Gastric Cancer Drugs Market Growth?
Prominent companies operating in the gastric cancer drugs market include:
- F. Hoffmann-La Roche
- Eli Lilly and Company
- Otsuka Pharmaceutical
- Jiangsu HengRui Medicine
- Biocon
- Sanofi
- PV Pharma Healthcare (India)
- Novartis Oncology
- Arlak Biotech (India)
- CStone Pharma (China)
- CARsgen Therapeutics (China)
- Daiichi Pharmaceutical and Sankyo (Japan)
- AstraZeneca plc
- GlaxoSmithKline plc
- Pfizer Inc.
- Abbott Laboratories
- Gilead Sciences
What Are The Key Trends In The Gastric Cancer Drugs Market?
Key trends in the gastric cancer drugs market include:
• Strategic collaborations and agreements to broaden product portfolios
• Partnering with other companies and government bodies
• Increasing the number of pipeline studies to develop gastric cancer drugs
• Adoption of AI solutions to reduce R&D costs
• Development of next-generation biologics
• Utilizing CRISPR-Cas9 technology in new drugs developments
What Are The Segments Of The Global Gastric Cancer Drugs Market?
Segments of the global gastric cancer drugs market include:
1) By Type: Imatinib, Trastuzumab, Other Types
2) By Route of Administration: Oral, Parenteral
3) By End User: Hospitals, Clinics, Cancer Speciality Centers
Which Region Leads The Gastric Cancer Drugs Market?
In 2024, North America led the gastric cancer drugs market, whilst the Middle East is expected to exhibit the most rapid growth during the forecast period. The global gastric cancer drugs market report also considers the Asia-Pacific, Western Europe, Eastern Europe, South America, and Africa regions.
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What Is Covered In The Gastric Cancer Drugs Market Global Market Report?
- Market Size Analysis: Analyze the Gastric Cancer Drugs Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Gastric Cancer Drugs Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Gastric Cancer Drugs Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Gastric Cancer Drugs Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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