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Stomach Cancer Treatment Market To Reach USD 21480 Million By Year 2032

The Global Stomach Cancer Treatment market size was valued at USD 6100 million in 2023, and is projected to reach USD 21480 million by 2032, registering a CAGR of 15.2% from 2024 to 2032.

27-05-2024
Swati Kalagate
Healthcare
AkViS Intelligence LLP

According to a new report published by AkVis Intelligence, titled, “Stomach Cancer Treatment Market by Drug Type, Disease Indication, Route of Administration, Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2024–2032,” the Global Stomach Cancer Treatment market size was valued at USD 6100 million in 2023, and is projected to reach USD 21480 million by 2032, registering a CAGR of 15.2% from 2024 to 2032. The Stomach Cancer Treatment market in Global has witnessed substantial growth in recent years, driven by factors such as Rise in Gastric Cancer Patients with Gastric Adenocarcinoma, Gastrointestinal Stromal Tumors, and Gastric Neuroendocrine Problems. Stomach cancer treatment involves removing and destroying cancerous cells to prevent disease progression.

The market expansion has been fueled by the rising popularity of Stomach Cancer Treatment Various treatments like chemotherapy and radiation therapy target tumors and surrounding tissues to stop spreading. Early detection and treatment improve survival rates. Effective treatment reduces symptoms and complications like bleeding and obstruction.

The increasing demand for cost-effective and targeted solutions for the treatment of Stomach Cancer. One of the key drivers is the Increase in Gastric Cancer Patients. Research and development are focused on creating new therapies and enhancing existing methods. Advances in minimally invasive surgeries targeted therapies, and immunotherapies aim to cater to the specific needs of patients and improve treatment outcomes. Organizations across various sectors are investing resources in studying the disease and developing new treatments. Public health initiatives, screening programs, and awareness campaigns are crucial in detecting the disease early when treatment is most effective. The increase in gastric cancer patients has driven the expansion of treatment options.

The emergence of Approval of new targeted and immunotherapy drugs presents a significant opportunity for the Global Stomach Cancer Treatment market. Targeted therapies and immunotherapy drugs target specific genes or proteins in cancer cells with fewer side effects. They stimulate the immune system to fight cancer, offering a personalized approach to stomach cancer treatment. Combination therapy with traditional modalities minimizes drug resistance and improves patient outcomes through customized treatment plans.

Global Stomach Cancer Treatment Market, Segmentation

The Stomach Cancer Treatment market is segmented based on Drug Type Disease Indication, Route of Administration, Distribution Channel, and region.

Gastric Adenocarcinoma:

Gastric adenocarcinoma is the most common type of stomach cancer, dominating the market due to its high incidence rate. Improved diagnostic techniques such as chemotherapy and immunotherapy have enhanced early detection, with advancements in endoscopic exams, imaging, and biomarker testing allowing for accurate diagnosis.

Research and Development efforts focus on developing treatments for this subtype, including clinical trials for new therapies. Increased awareness through public health campaigns and education is leading to more diagnoses and market dominance.

Parenteral:

In the Global Stomach Cancer Treatment market, Parenteral represents a Significant and practical way for the route of Administration. Parenteral administration delivers drugs directly into the bloodstream or targeted areas, ensuring effective distribution throughout the body for conditions like stomach cancer. Chemotherapy is often given intravenously for higher doses reaching tumor cells.

Targeted therapies like monoclonal antibodies are also administered this way for optimal systemic levels. This route offers precise drug control, less frequent dosing, and improved patient adherence. Medical supervision ensures proper technique and minimizes errors in treatment administration.

Region:

The Region analysis of the Global Stomach Cancer Treatment market highlights the dominance of North America where Stomach Cancer Treatment services are prevalent. The well-developed healthcare infrastructure, advanced medical facilities, and research centers enable early detection and effective treatment of stomach cancer. The region experiences a higher prevalence of the disease due to lifestyle, dietary habits, and genetic factors. Access to innovative therapies, clinical trials, and favorable reimbursement policies drive research and development in cancer treatment, positioning North America as a leader in the market for stomach cancer care.

Some of The Active Market Players Are-

  • Cadila Pharmaceuticals. (India)
  • Pfizer, Inc. (USA)
  • Mylan N.V. (Netherlands)
  • Hoffmann La Roche Ltd. (Switzerland)
  • Teva Pharmaceutical Industries Ltd. (Israel)
  • Celltrion Healthcare Co., Ltd. (South Korea)
  • Samsung Bioepis (South Korea)
  • Bristol Myers Squibb Company (USA)
  • Ipsen Pharma (France)
  • Merck & Co., Inc. (USA)
  • Exelixis, Inc. (USA)
  • Seattle Genetics (USA)
  • Eli Lilly And Company (USA)
  • Novartis Ag (Switzerland)
  • Bayer Ag (Germany)
  • Celltrion Inc. (South Korea)
  • Taiho Pharmaceutical Co., Ltd. (Japan), and Other Active Players.

Key Industry Developments

  • In April 2024, The National University Hospital (NHU) is embarking on a major initiative to establish the National University Centre for Digestive Health, slated for completion in the first half of 2025.
  • In March 2024, Astellas Pharma Inc. announced that Japan's Ministry of Health, Labour and Welfare (MHLW) approved VYLOY (zolbetuximab), an anti-claudin 18.2 (CLDN18.2) monoclonal antibody for patients with advanced or recurrent gastric cancer.

Key Findings of the Study 

  • Global Stomach Cancer Treatment market growth driven by urbanization, eco-awareness, and government support. Increase In Gastric Cancer Patients.
  • Approval of new targeted and immunotherapy drugs offers a significant opportunity for longer commutes and hilly areas.
  • Gastric adenocarcinoma is the most common form of stomach cancer. The incidence of this particular subtype contributes to its dominance in the market.

Parenteral administration allows for direct delivery of drugs into the bloodstream or targeted areas, which ensures effective distribution throughout the body

AkViS Intelligence LLP

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