Future Market Insights has revealed a promising trajectory for the Global Gastroesophageal Junction Adenocarcinoma Therapeutics Industry, forecasting an impressive 18% Compound Annual Growth Rate (CAGR) during the period from 2023 to 2033. By 2033, the global market for GEJAC Therapeutics is poised to reach an extraordinary valuation of US$ 34.3 Billion, reflecting a paradigm shift in the landscape of cancer treatment.
The surge in market value is predominantly attributed to the escalating prevalence of Gastroesophageal Junction Adenocarcinoma. A recent report by the American Cancer Society underscores the persistent rise in the incidence of GEJAC, especially among older adults. This alarming trend has created an urgent demand for innovative and effective therapeutic solutions to combat the disease.
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Another important factor driving the growth of the GEJAC therapeutics market is the increasing availability of targeted therapies. Targeted therapies are drugs that specifically target cancer cells while sparing healthy cells, which can result in fewer side effects and better outcomes for patients. There are now several targeted therapies approved for the treatment of GEJAC, including trastuzumab and ramucirumab, and more are expected to become available in the coming years.
One promising area of research in the GEJAC therapeutics market is the development of immunotherapies. Immunotherapies are drugs that harness the power of the immune system to fight cancer cells. There are now several immunotherapies approved for the treatment of other types of cancer, and researchers are actively exploring their potential for treating GEJAC as well.
Key Takeaways from the Global Gastroesophageal Junction Adenocarcinoma Therapeutics Industry Study
- The Gastroesophageal Junction Adenocarcinoma Therapeutics market is expected to grow at a value of 18% in the forecast period 2023 to 2033.
- By treatment, Esophagectomy surgery is expected to possess 40% market share for GEJAC market in 2023.
- Europe is expected to possess 37% market share for GEJAC market in 2023.
- North America is expected to possess 44% market share for GEJAC market in 2023.
“The increasing adoption of targeted therapies and personalized medicine is expected to drive market growth.” states an FMI analyst
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Global Gastroesophageal Junction Adenocarcinoma Therapeutics Industry Competitive Landscape
Key players in the Gastroesophageal Junction Adenocarcinoma Therapeutics market are Astellas Pharmaceuticals, AstraZeneca, Bayer, Beigene, Bristol-Myers Squibb, Daichii Sankyo, Elevar Therapeutics, Eli Lilly, FivePrime Therapeutics, Incyte, Macrogenics, Merck Co, Ono Pharmaceuticals, Roche, Taiho Pharmaceuticals, Zai Labs, ZymeWorks
- Bayer has been involved in the development of several drugs that may have potential in the treatment of GEJAC. One such drug is Stivarga (regorafenib), a multi-kinase inhibitor that is approved for the treatment of several types of cancer, including colorectal cancer and gastrointestinal stromal tumors (GIST)
- BeiGene has been involved in the development of several drugs that may have potential in the treatment of gastroesophageal junction adenocarcinoma (GEJAC). One such drug is Pamiparib (BGB-290), a PARP inhibitor that is being evaluated in several clinical trials for the treatment of various types of cancer, including GEJAC.
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Future Market Insights, in its new offering, presents an unbiased analysis of the global Gastroesophageal Junction Adenocarcinoma Therapeutics market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
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Key Segments Profiled in the Global Gastroesophageal Junction Adenocarcinoma Therapeutics Industry Survey
Drug:
- Trastuzumab
- Ramucirumab
Diagnosis:
- Endoscopy
- X-ray
- CT Scan
- PET Scan
Treatment:
- Esophagectomy surgery
- Esophageal dilation
- Chemotherapy
- Targeted therapy
Distribution Channel:
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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