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Global Gastrointestinal Stromal Tumors Therapeutics Market 2019-2023| Advent of Regenerative Therapy to Boost Growth| Technavio

May 22, 2019
Technavio has published a new market research report on the global gastrointestinal stromal tumors (GIST) therapeutics market from 2019-2023. (Graphic: Business Wire)
Technavio has published a new market research report on the global gastrointestinal stromal tumors (GIST) therapeutics market from 2019-2023. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--May 22, 2019--

The global gastrointestinal stromal tumors (GIST) therapeutics market is expected to post a CAGR of more than 6% during the period 2019-2023, according to the latest market research report by Technavio.

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Technavio has published a new market research report on the global gastrointestinal stromal tumors (GIST) therapeutics market from 2019-2023. (Graphic: Business Wire)

Surgery has been the primary treatment option in approximately 60 % of gastrointestinal stromal tumors cases. As most cases of these indications are small, surgeries such as laparoscopic surgery are highly a effective mode of treatment. However, surgeries are not highly effective in cases where the tumor is large and has spread to other body parts. As a result, the use of therapeutics is increasing significantly for the treatment of such gastrointestinal stromal tumors. The demand for therapeutics is expected to increase further during the forecast period, owing to the increasing advances in the research of targeted checkpoint inhibitors.

As per Technavio, the advent of regenerative therapy will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global gastrointestinal stromal tumors therapeutics market 2019-2023 research report also analyzes other significant trends and market drivers that will affect market growth over 2019-2023.

Global gastrointestinal stromal tumors therapeutics market: Advent of regenerative therapy

The recurring nature of the disease is one of the major challenges in the gastrointestinal stromal tumors therapeutics market. As surgery does not remove the tumor altogether, therapeutics are often used as adjuvant therapy to treat the remaining portion of the tumor. However, the disease is known to recur in the future even after the complete removal of the tumor. As a result, vendors are researching the development of regenerative therapies such as gene therapy that could ensure a complete remission of the tumor. Although the therapy is still in the research stage, advances in the research of gene therapy are expected to bring positive outcomes in the years to come.

“Apart from the advent of regenerative therapy, other factors such as the increase in research funding, growing geriatric population, rising awareness campaigns, and a strong pipeline will have a positive impact on the growth of the gastrointestinal stromal tumors therapeutics market during the forecast period,” says a senior research analyst at Technavio.

Global gastrointestinal stromal tumors therapeutics market: Segmentation analysis

This market research report segments the global gastrointestinal stromal tumors therapeutics market by RoA (oral, and parenteral), and geographic regions (North America, Europe, Asia, and ROW).

The North American region led the market in 2018, followed by Europe, Asia, and ROW, respectively. The market growth in North America can be attributed several factors such as growing adoption of therapeutics, ease of availability of therapeutics, the increasing number of patient assistance programs by vendors, and the advanced healthcare infrastructure in the region.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190522005291/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: HEALTH BIOTECHNOLOGY ONCOLOGY

SOURCE: Technavio Research

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PUB: 05/22/2019 03:18 AM/DISC: 05/22/2019 03:18 AM

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