Gastric Cancer Market By Disease Type (Adenocarcinoma, Lymphoma, Gastrointestinal Stromal Tumor, Carcinoid Tumor, Others), By Treatment Type (Immunotherapy, Targeted Therapy, Chemotherapy, Radiation Therapy and Surgery), By Drug Class Outlook (PD-1/PD-L1 Inhibitors, HER2 Antagonists, VEGFR2 Antagonists, Others), By Route of Administration (Oral, Injectable), By Distribution Channel (Hospital Pharmacies, Specialty and Retail Pharmacies, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global gastric cancer market is anticipated to reach $10.7 billion by 2031, growing from $2.1 billion in 2021, at a CAGR of 17.9% from 2022 to 2031.
Gastric cancer is a disease in which malignant (cancer) cells form in the lining of the stomach. Age, diet, and sedentary lifestyle can lead to the risk of developing gastric cancer. Symptoms of gastric cancer include indigestion and stomach discomfort or pain. Tests that examine the stomach and esophagus are used to diagnose gastric cancer.
The gastric cancer market is expected to expand as cases of the stomach disease rise. The causes of stomach cancer have significantly increased due to additional risk factors such as an increase in obesity, increase in the consumption of highly processed foods, sugary beverages, smoking, genetic modification of genes, a family history of cancer, and consumption of alcohol. Furthermore, the rising incidence of gastric cancer is anticipated to continue and this trend is boosting the demand for efficient treatments. All these factors are projected to drive the market revenue growth during the forecast period.
Gastric cancer treatment can be expensive as there are numerous tests which need to be conducted, including surgery, radiation therapy, and diagnosis, and staging. Different tests and procedures, such as imaging studies, endoscopies, biopsies, and blood tests, are frequently required in the diagnosis and staging of gastric cancer. The cost of these tests can be high, and multiple doctor visits might be necessary. The market is predicted to be severely constrained by the high cost of treating gastric cancer.
The market for gastric cancer is projected to benefit due to the increase in healthcare awareness. People are more likely to seek medical attention and get screened for the disease as they become more aware of the risk factors linked to gastric cancer. More cases of gastric cancer can be discovered at an earlier stage owing to the increase in awareness. Early detection of gastric cancer is essential for effective treatment and better patient outcomes. Therefore, gastric cancer patient may need diagnostic and therapeutic options like medication, surgery, and radiation therapy. These factors are expected to create several growth opportunities for the major players operating in the market.
The COVID-19 pandemic had a detrimental effect on the treatment of gastric cancer, especially in terms of the timing of screening, diagnosis, and treatment.COVID-19 is an unprecedented global public health emergency that affected almost every industry, and the long-term impacts are projected to reflect on the growth of various end-use industries during the post-pandemic period. Many gastric cancer patients have experienced treatment interruptions due to the pandemic. To reduce the risk of COVID-19 transmission, treatment schedules had to be altered, which resulted in delays or changes to some patients' treatment plans. Concerns about COVID-19 exposure in healthcare settings made patients hesitant to seek treatment. Clinical trials for gastric cancer were significantly impacted by the pandemic as numerous clinical trials were postponed or delayed.
The key players profiled in this report include 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 and Bristol Myers Squibb Company
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the gastric cancer market analysis from 2021 to 2031 to identify the prevailing gastric cancer market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the gastric cancer market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global gastric cancer market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy Disease TypeAdenocarcinoma
Lymphoma
Gastrointestinal Stromal Tumor
Carcinoid Tumor
Others
By Treatment TypeImmunotherapy
Targeted Therapy
Chemotherapy
Radiation Therapy and Surgery
By Drug Class OutlookPD-1/PD-L1 Inhibitors
HER2 Antagonists
VEGFR2 Antagonists
Others
By Route of AdministrationOral
Injectable
By Distribution ChannelSpecialty and Retail Pharmacies
Others
Hospital Pharmacies
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
United Arab Emirates
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
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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