Vietnam Stomach Cancer Treatment Market Size Set to Expand at Significant CAGR of 11.24% During 2023–2029

Published | 20 April 2023

Vietnam stomach cancer treatment market is gaining traction because of the robust product pipeline and increasing prevalence of the disease.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects the Vietnam stomach cancer treatment market size to grow at an impressive CAGR of 11.24% during the forecast period between 2023 and 2029. Changes in lifestyle, such as smoking and drinking, an increase in obesity, and a rise in gastric reflux syndrome are major growth factors for the Vietnam stomach cancer treatment market. In terms of malignancy-related mortality in both genders in Vietnam, colon and stomach cancer continue to rank third and ninth, respectively, according to epidemiological statistics. The Vietnam stomach cancer treatment market is expected to significantly expand over the forecast period due to rising healthcare accessibility.

Vietnam Stomach Cancer Treatment Market – Overview

The abnormal proliferation of malignant cells within the stomach lining is a symptom of stomach cancer. Until it spreads to other regions of the body, this form of cancer is typically difficult to identify in its early stages. Chemotherapy, radiation, and occasionally surgery can be used to treat symptoms and enhance the quality of life in stomach cancer situations when the disease cannot be fully cured. As long as all of the malignant tissue can be removed, surgery can treat stomach cancer if it is treatable.

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Vietnam Stomach Cancer Treatment Market – By Drug Class

Based on drug class, the Vietnam stomach cancer treatment market is segmented into PD-1/PD-L1 inhibitors, HER2 antagonists, VEGFR2 antagonists, and others. Chemotherapy is the most prominent type of treatment for stomach cancer and is considered the first line of treatment for such a disease. Palliative chemotherapy for stomach cancer has been shown to prolong life and enhance the quality of life, according to research. Following chemotherapy, PD-1/PD-L1 inhibitors are projected to gain growth during the forecast period.

Impact of COVID-19 on Vietnam Stomach Cancer Treatment Market

The COVID-19 pandemic hindered the growth of the Vietnam stomach cancer treatment market. The increasing burden of the covid19 patients leads to a significant decline in non-COVID-19 patients' visits to healthcare facilities which resulted in delays in diagnosis and treatment. Due to greater hospital transmission rates, their frequent hospital visits would increase their chance of contracting COVID-19. As a result, chemotherapy patients faced a difficult choice: continuing treatment while raising their risk of infection or staying at home to put off starting their cancer therapies. Additionally, the pandemic had a big influence on stomach cancer clinical trials. The pandemic halted or delayed several research studies, which hampered the advancement of novel medications and treatments for the illness.

Competitive Landscape

Major players operating in the Vietnam stomach cancer treatment market include Novartis AG, Pfizer, Inc., Mylan N.V., F. Hoffmann La Roche Ltd., Eli Lilly And Company, Merck & Co., Inc., Teva Pharmaceutical Industries Ltd., Samsung Bioepis, and Otsuka Holdings Co. Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Vietnam Stomach Cancer Treatment Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Vietnam Stomach Cancer Treatment Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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