Gastric Cancer Drug Market report has been comprised of a significant data along with future forecast and detailed analysis on a global and regional level. This report also explains market definitions, classifications, applications, and engagements in the industry. Today’s businesses call for greatly focused, widespread and detail-oriented market information so that the idea about the market landscape is absolutely clear. The study of market research report explains a market attractiveness analysis, wherein each segment is targeted based on its market size, growth rate, and general attractiveness.
Global Gastric Cancer Drug Market is rising gradually to an estimated value of USD 4.37 billion by 2026 registering a substantial CAGR of 9.6% in the forecast period of 2019-2026. This rise in market value can be attributed vulnerable aging population, robust drug pipeline and people adopting unhealthy lifestyle.
The gastric cancer drug refers to malignant tumors that begin in the lining of the stomach. This gastric cancer tends to develops over many years. It usually goes undiagnosed since it does not cause any early symptoms.
According to the article published in World Cancer Research Fund, it is identified gastric cancer was responsible for fourth most common malignancy occur in men and seventh rank in women. It is estimated that over 1.00 million new cases seen in the 2018. The high rate of incidence cases occurs in the South Korea in year of 2018.
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Major Key players profiled in this report are:
Imugene Limited , Otsuka Pharmaceuticals Co., Ltd , Immutep , F. Hoffmann-La Roche Ltd , Merck KGaA , Bristol-Myers Squibb Company , Novartis AG , Eli Lilly and Company , Sanofi S.A , Amgen Inc., Bayer AG, Celgene Corporation, Gilead Sciences, Inc., AstraZeneca, Ipsen Pharma, Takeda Pharmaceutical Company Limited, Samumed, LLC, Arbutus Biopharma, ASLAN Pharmaceuticals and among others.
Major Market Drivers:
- Increase in prevalence rate of gastric cancer due to lifestyle changes
- Chronic consumption of tobacco products and alcohol
- Adopting an unhealthy lifestyle such as diet with high fat, spicy food, less proteins consumption and physical inactivity
- Increase in obesity cases are anticipated to the result of occurrence of gastric cancer
- Rising awareness about treatment and technological advancement is driving the growth of market
- High cost involved in the treatment
- Patent expiry from many companies and introduction of generic drugs is expected to restrain the growth if the market
- Gastrointestinal stromal tumor
- Carcinoid tumor
By Drug Type
- Doxorubicin Hydrochloride
- Targeted Therapy
- Radiation Therapy
By End users
- Specialty Clinics
- North America
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
Reasons to Purchase this Report
- Current and future of global gastric cancer drug market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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