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Data Bridge Market Research analyses that the Colombia Gastric Cancer Drugs Market value, which was USD 24.85 million in 2021, is expected to reach the value of USD 47.73 million by 2029, at a CAGR of 8.5% during the forecast period 2022-2029. International collaborations in cancer research foster global knowledge sharing, enabling the discovery of innovative treatments for gastric cancer. By pooling resources and expertise, drug development in the gastric cancer market advances more rapidly, benefiting patients worldwide.
Key Findings of the Study
Patient advocacy is expected to drive the market's growth rate
Advocacy groups are crucial in the gastric cancer drugs market by elevating disease awareness, supporting research initiatives, and enhancing patient care. They provide patients, families, and medical professionals a platform to voice concerns, promote early detection, and advocate for increased research funding. These collective efforts drive research and development and lead to improved treatments and patient support programs, ultimately contributing to better outcomes and a higher quality of care in gastric cancer management.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Adenocarcinoma, Gastrointestinal Stromal Tumor, Carcinoid Tumor, Lymphoma, and Others), Stage (Stage III, Stage II, Stage IV, Stage I, and Others), Treatment (Chemotherapy, Targeted Therapy, Immune Checkpoint Inhibitors, and Others), Route of Administration (Parenteral, Oral, and Others), End User (Hospitals, Specialty Clinics, Research & Academic Institutes, and Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and Others)
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Market Players Covered
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Bayer AG (Germany), Novartis AG (Switzerland), Pfizer Inc. (U.S.), Celltrion Healthcare Co., Ltd. (South Korea), F. Hoffmann-La Roche Ltd (Switzerland), Merck KGaA (Germany), Teva Pharmaceutical Industries Ltd. (Israel), Sanofi (France), AstraZeneca (U.K.), Viatris Inc. (U.S.), Bristol-Myers Squibb Company (U.S.), Concord Biotech (India), GlaxoSmithKline plc (U.K.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The Colombia gastric cancer drugs market is segmented on the basis of type, stage, treatment, route of administration, end user, and distribution channel.
- On the basis of type, the market is segmented into adenocarcinoma, lymphoma, gastrointestinal stromal tumour, carcinoid tumour, and others. In 2022, the adenocarcinoma segment is poised to lead the Colombian gastric cancer treatment market, primarily driven by substantial research and development efforts focused on drug development tailored for this specific market.
In 2022, the adenocarcinoma segment of the type segment is expected to dominate the Colombia gastric cancer drugs market during the forecast period of 2022-2029
In 2022, the adenocarcinoma segment is expected to dominate Colombian gastric cancer treatment market, primarily driven by substantial research and development efforts focused on drug development tailored for this specific market. These innovations target the needs of adenocarcinoma patients, enhancing treatment options and outcomes in the Colombian healthcare landscape.
- On the basis of stage, the market is segmented into stage I, stage II, stage III, stage IV, and others. In 2022, the stage III segment is expected to dominate the Colombian gastric cancer drugs market due to delayed diagnosis, and underscores the urgency for effective treatment options.
In 2022, the stage III segment of the stage segment is expected to dominate the Colombia gastric cancer drugs market during the forecast period of 2022-2029
In 2022, the stage III segment is expected to dominate the Colombian gastric cancer drugs market. The rapid progression of stage III gastric cancer, often due to delayed diagnosis, underscores the urgency for effective treatment options, driving higher demand for drugs targeting this stage, making it the market leader.
- On the basis of treatment, the market is segmented into chemotherapy, targeted therapy, immunotherapy, and others. In 2022, the chemotherapy segment is poised to lead the Colombian gastric cancer treatment market, primarily driven by the growing adoption of chemotherapy with other complementary treatment modalities. This combination approach contributes to the dominance of chemotherapy as a preferred treatment method.
- On the basis of route of administration, the market is segmented into oral and parenteral. In 2022, the parenteral segment is anticipated to lead the Colombian gastric cancer drugs market. This is attributed to the superior bioavailability of parenteral dosage forms and the prevalence of gastric cancer drugs available in this form, making it the dominant choice for treatment.
- On the basis of end user, the market is segmented into speciality clinics, hospitals, research and academic institutes, and others. In 2022, the hospitals segment is poised to be the leading force in the Colombian gastric cancer drugs market. This is due to the ongoing establishment of comprehensive cancer care centers within hospitals, making them the primary healthcare providers and significant contributors to treating gastric cancer in Colombia.
- On the basis of distribution channel, the market is segmented into retail pharmacy, hospital pharmacy, and others. In 2022, the hospital pharmacy segment is set to lead the Colombian gastric cancer drugs market. This is primarily driven by the preference of gastric cancer patients for hospital-based care, as hospitals offer comprehensive and high-quality healthcare, making them the preferred choice for treatment.
Major Players
Data Bridge Market Research recognizes the following companies as the Colombia gastric cancer drugs market players in Colombia gastric cancer drugs market are Bayer AG (Germany), Novartis AG (Switzerland), Pfizer Inc. (U.S.), Celltrion Healthcare Co., Ltd. (South Korea), F. Hoffmann-La Roche Ltd (Switzerland), Merck KGaA (Germany).
Market Developments
- In January 2023, Eisai Co., Ltd. announced its participation in the 2023 American Society of Clinical Oncology (ASCO) gastrointestinal cancers symposium (#GI23) held in San Francisco, California. The company presented research findings related to diverse forms of gastrointestinal cancers during the event, highlighting its commitment to advancing the understanding and treatment of these cancers and showcasing their presence in the oncology research and development field.
- In March 2023, Akeso, Inc. accomplished patient enrollment for the pivotal Phase III clinical trial of cadonilimab (AK104), a groundbreaking dual-immune checkpoint bi-specific antibody drug. This achievement signifies a significant milestone on launching cadonilimab for a primary indication following its approval for the treatment of cervical cancer. This innovative drug is set to make a notable impact in immunotherapy and cancer treatment.
- In November 2020, Pfizer, Inc. merged its Upjohn division with Mylan N.V. to create a new entity known as Viatris. This strategic amalgamation expanded Viatris' product portfolio, strengthening its market presence. With a broader range of pharmaceutical offerings, Viatris experienced heightened demand for its products, enabling the company to cater to a broader spectrum of healthcare needs and diversify its revenue streams in the pharmaceutical market.
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