- Cancer Biology & Biomarkers
- Chromatography & Mass Spectrometry
- Contract Research, Clinical Trials and Outsourcing
- Drug Discovery
- Drug Targets
- Flow Cytometry
- Informatics & Lab Automation
- Ingredients, Excipients and Dosages
- Microbiology & RMMs
- NIR, PAT & QbD
- Raman Spectroscopy
- Screening, Assays & High-Content Analysis
- Thermal Processing
Gastric cancer treatment market to reach $4.4b by 2024
4 January 2016 • Author: Victoria White
The gastric cancer treatment market will experience rapid growth, from $1.13 billion in 2014 to reach $4.39 billion by 2024, according to research and consulting firm GlobalData.
The company’s latest report states that this rise, which will occur across the eight major markets of the UK, Spain, France, Germany, Italy, Japan, the US and China, will be driven primarily by the introduction of premium-priced therapies for advanced gastric cancer and, as a consequence, the increased uptake of therapy and lengthier treatment duration.
Fenix Leung, DPhil, GlobalData’s Senior Analyst covering Oncology and Haematology, says that while growth will be very positive across the eight major markets, it will be strongest across the five major European markets, as sales will increase from $301 million in 2014 to $1.49 billion by 2024, at a robust CAGR of 17.3%.
Leung comments: “Such sharp market escalations are expected to be propelled by increasing incidences of gastric cancer and the launch of premium-priced treatment for advanced or metastatic disease, such as anti-angiogenesis and HER2-targeted therapies.
“It is likely that there will be over 410,000 cases of gastric cancer across the eight major markets in 2024, rising from just over 350,000 in 2014, largely due to an aging population, which will contribute to the surge in demand within the gastric cancer treatment space.”
Roche may lose leading position in the gastric cancer treatment market to Lilly
As the number of gastric cancer cases increases, the treatment landscape will alter. Key patents of Roche’s Herceptin, the leading drug in gastric cancer treatment since its launch in 2010, expired during 2014–2015 in the five major European markets, Japan and China, and are expected to expire in the US in 2019. Roche garnered $402 million of global gastric cancer sales in the eight major markets in 2014, while its competitors, Taiho and Eli Lilly, only garnered $143 million and $71 million, respectively.
Leung notes that: “Roche is expected to remain a strong player in the gastric cancer market with its new therapy Perjeta in the pipeline. However, it only targets a minority of patients, who are HER2-positive, which limits sales potential. Overall, GlobalData expects Roche to lose its leading position in the market to Eli Lilly, which owns the recently-approved antiangiogenic agent Cyramza.”
ABB Analytical Measurement ACD/Labs ADInstruments Ltd Advanced Analytical Technologies GmbH Analytik Jena AG Astell Scientific Ltd B&W Tek Bachem AG Bibby Scientific Limited Bio-Rad Laboratories BioNavis Ltd Biopharma Group Black Swan Analysis Limited Butterworth Laboratories Ltd CAPSUGEL NV Charles Ischi AG | Kraemer Elektronik Cherwell Laboratories CI Precision Cobalt Light Systems Coulter Partners CPC Biotech srl Dassault Systèmes BIOVIA DiscoverX Edinburgh Instruments Enterprise System Partners (ESP) Eurofins BioPharma Product Testing EUROGENTEC F.P.S. Food and Pharma Systems Srl GE Analytical Instruments IDBS JEOL Europe Kaiser Optical Systems Inc. L.B. Bohle Maschinen + Verfahren GmbH Lab M Ltd. LabWare Linkam Scientific Instruments Limited Lonza MA Business Metrohm Molins Technologies Multicore Dynamics Ltd Nanosurf New England Biolabs, Inc. Ocean Optics Panasonic Biomedical Sales Europe B.V. Peak Scientific PerkinElmer Inc ReAgent Russell Finex Limited Source BioScience Takara Clontech Tornado Spectral Systems Tuttnauer Viavi Solutions, Inc Watson-Marlow Fluid Technology Group Wickham Laboratories Limited Xylem Analytics YMC Europe GmbH Yusen Logistics