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Colorectal Cancer Therapeutics Market

Global Colorectal Cancer Therapeutics Market Size, Share, Growth, Forecast: By Therapy: Targeted Therapy, Immunotherapy, Chemotherapy, Others; By Cancer Type: Colorectal Adenocarcinoma, Gastrointestinal Carcinoid Tumours, Others; By Route of Administration; By End User; Regional Analysis; Supplier Landscape; 2024-2032

Global Colorectal Cancer Therapeutics Market Outlook

The global colorectal cancer therapeutics market size attained a value of USD 15.75 billion in 2023 driven by robust healthcare infrastructure, increased treatment rates, inflated pharmaceutical prices, launch of new medicinal products. The market is anticipated to grow at a CAGR of 6.4% during the forecast period of 2024-2032 to attain a value of USD 27.52 billion by 2032.

 

colorectal-cancer-therapeutics-market

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News and Developments in the Market

In June 2023, a study was published in The New England Journal of Medicine, which discovered that immune checkpoint inhibitor medication might be particularly beneficial in persons with a specific kind of rectal cancer. It may be sufficiently effective in patients with this type of cancer to avoid the need for additional treatments like surgery.

 

Participants in the trial had a very particular type of rectal cancer classified as mismatch repair-deficient and locally advanced rectal cancer. This form of cancer could be adequately treated with immunotherapy.

 

An immune checkpoint inhibitor known as a PD-1 inhibitor was utilised by the researchers, which would prevent cancer cells from destroying the immune system. The study comprised 14 adults with mismatch repair-deficient rectal cancer in stage 2 or stage 3. Dostarlimab, a PD-1 inhibitor, was administered intravenously every three weeks for a period of six months to participants. The participants favourably received this treatment.

 

By the end of the experiment, none of them required chemoradiotherapy or additional ssurgery, and none of the participants had any signs of tumours. Participants have now completed at least six months of follow-up. Such discoveries are expected to aid the colorectal cancer therapeutics market growth.

 

In November 2021, Natco Pharma introduced a unique fixed-dose combination of Trifluridine and Tipiracil. This combination is used for the treatment of advanced cancer, especially colorectal and gastric cancer. The medicine was first offered by Natco in a bottle of 20 tablets under the brand name Tipanat. In order to treat advanced colorectal and gastric cancer, a unique antineoplastic nucleoside analogue called Tipanat is used.

 

Around 1,25,000 new cancer cases are reported annually in India. Tipanat is important in extending survival and maintaining the quality of life in the final stages of treatment, which is an unmet medical need at the moment.

 

In September 2021, a non-profit cancer research initiative called Count Me In, invited all the patients with colorectal cancer across the United States and Canada. This included patients who were either suffering or have recovered and became cancer-free. They were invited to participate in its research and help drive discoveries related to this disease.

 

A better understanding of the disease and improved treatments for colorectal cancer would be made possible by the de-identified data collected from the patients who had participated in the project. Thus, increasing research activities by major companies will likely increase the colorectal cancer therapeutics market share.

 

Prevalence of Colorectal Cancer, Ageing Population, and Government Initiatives are the Major Factors Propelling the Growth of the Colorectal Cancer Therapeutics Market

Colorectal cancer, also referred to as rectal cancer, colon cancer, or bowel cancer, is brought on by the development of cancerous cells in the colon or rectum, which are parts of the large intestine. These cells can expand to other human organs and often act in a malignant manner. Blood in the stools, weight loss, altered bowel habits, and fatigue are the few symptoms of colorectal cancer.

 

  • A key driver aiding the colorectal cancer therapeutics market expansion is the rising incidence of the colorectal cancer worldwide.
  • As there are more cancer cases, there is a rising need for efficient and cutting-edge therapies, which is driving the development of the market under study.
  • The growing ageing population and increasing public awareness of this condition are driving the market growth.
  • The development of the market is anticipated to be fuelled by a number of government initiatives to offer better and more inexpensive treatments and favourable reimbursement rules.

 

Availability of Several Treatment Options, Launch of New Therapeutics, Research and Development Activities Likely to Provide Significant Opportunities to the Market

Availability of Treatment Options

The global market for colorectal cancer therapeutics has a good prospect due to the accessibility of treatment choices and the development of more tailored medications.

 

Increasing Acceptance of Advanced Therapies

The rising consumer acceptance of cutting-edge treatments, including Stivarga (regorafenib), Erbitux (cetuximab), and Avastin (bevacizumab) are expected to aid the colorectal cancer therapeutics market development.

 

Launch of New Therapeutics

The major market participants would progress and introduce novel therapies, clinical trials, and other studies, which will have a favourable effect on the market.

 

Increasing Research and Development Activities

The colorectal cancer therapeutics market forecast is likely to see a rise in research and development activities, along with a better understanding of colorectal malignancies and associated symptoms.

 

colorectal-cancer-therapeutics-market-by-segmentation

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High Cost, Side Effects, and Stringent Guidelines May Pose as Challenges for the Colorectal Cancer Therapeutics Market

High Cost for Drug Development

High development costs for oncology drugs could slow the expansion of the colorectal cancer therapeutics market because consumers would not be able to afford them. Additionally, because of the unpredictability and regional variation in the approval, clinical acceptance, and inclusion of costly new pharmaceuticals, it is difficult for insurance companies to appropriately calculate policy premiums due to the skyrocketing drug prices.

 

Side Effects of Drugs

Throughout the forecast period, various side effects of drugs are anticipated to restrain the colorectal cancer therapeutics market demand. For instance, chemotherapy medication specifically targets rapidly dividing cells, which makes them significantly effective against cancer cells. However, other cells in the body also keep getting divided rapidly, including those in hair follicles and the lining of the mouth and intestines. Chemotherapy can also impact these cells, which may have negative side effects.

 

Stringent Guidelines

Various stringent guidelines for the approval of new treatments, such as FDA approvals, may hamper the market growth globally.

 

Colorectal Cancer Therapeutics Market Analysis

Based on therapy, the market is categorised into immunotherapy, targeted therapy, and chemotherapy, among others. The market for colorectal cancer therapeutics, based on cancer type, can be segmented into colorectal adenocarcinoma and gastrointestinal carcinoid tumours, among others. The several distribution channels of the market are retail pharmacies, hospital pharmacies, and online channels, among others. The regional markets for the colorectal cancer therapeutics can be divided into Europe, North America, the Asia Pacific, the Middle East and Africa and Latin America.

 

The analysis of the major players of the global colorectal cancer therapeutics market is examined in a nutshell through this report. Apart from this, this report also covers the competitive landscape and newest developments like mergers, expansion plans, acquisitions and investments.

 

  • Genentech, Inc.
  • Eli Lilly and Company
  • Bayer AG
  • Amgen Inc.
  • F. Hoffmann-La Roche Ltd.
  • Sanofi SA
  • Others

 

Targeted Therapy, Immunotherapy, and Chemotherapy are the Major Therapies Available for Colorectal Cancer

Due to its sensitivity targeting cancer cells while minimising harm to off-target cells, targeted therapy is favoured. It consists of toxin delivery agents, angiogenesis inhibitors, apoptosis inducers, hormone treatments, and gene expression modulators.

 

The frequently recommended cancer treatment is chemotherapy. It employs specific medications to eradicate cancer cells or prevent their growth and spread to other bodily regions. Thus, chemotherapy is expected to act as one of the major colorectal cancer therapeutics market drivers.

 

The use of drugs in immunotherapy aids the immune system of a patient to identify and eliminate cancer cells. It helps individuals suffering from advanced colorectal cancer. Immunotherapy has also demonstrated promising efficacies, along with good tolerance in gastrointestinal (GI)-related cancers, such as gastro-oesophageal cancer and hepatocellular carcinoma.

 

Colorectal Adenocarcinoma and Gastrointestinal Carcinoid Tumours are the Major Types in Colorectal Cancer Therapeutics Market

Colorectal adenocarcinoma is a cancer that occurs in the large intestine, which is made of rectum and colon and is referred to as colorectal. Adenocarcinomas comprise of most of colorectal cancers. Although they seldom affect the colon, these tumours begin in the muscles of the digestive tract. Although many of them do develop into cancer, they can initially be benign (non-cancerous).

 

Gastrointestinal carcinoid tumours are a form of cancer that can be developed in the GI tract. They are most frequently found in appendix, small intestine, and rectum. Oncogenes or tumour suppressor genes frequently undergo random changes (mutations) that result in carcinoid tumours.

 

Hospital Pharmacies, Retail Pharmacies, and Online are the Several Distribution Channels in Colorectal Cancer Therapeutics Market Research

The growth of the hospital segment can be attributed to the growing number of patients visiting hospitals for cancer diagnosis and treatment and the favourable reimbursement scenario, especially in the developed markets.

 

Retail pharmacies are expanding due to the growing instances of prescriptions re-fillings. Also, retail pharmacies are able to provide more facilities efficiently.

 

Due to the rising popularity of online pharmacy services, which are becoming more and more popular due to their simplicity and convenience, the online segment is anticipated to experience substantial growth.

 

colorectal-cancer-therapeutics-market-by-region

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North America to be a Leading Regional Market for Colorectal Cancer Therapeutics Market Report

Due to the increasing prevalence of colorectal cancer, growing geriatric population, and strong healthcare infrastructure in the region, North America is anticipated to dominate the market for colorectal cancer therapeutics. Due to the growing prevalence of colorectal cancer, increased treatment rates, inflated pharmaceutical prices, and the availability of advanced treatments in the country, the United States is predicted to control the majority of the market in North America.

 

By 2030, colorectal cancer will surpass lung cancer as the leading cause of cancer mortality in those between the ages of 20 and 49. It is among the top reasons of death in the United States. According to a National Library of Medicine publication, 0.16 million additional CRC cases are anticipated in the United States in 2020 and will total 0.21 million by 2040.

 

According to the colorectal cancer therapeutics market research, the demand for colorectal cancer therapies is likely to rise in North America, therefore increasing the market demand globally.

 

Asia Pacific to Witness Significant Growth in the Coming Years

On the other hand, the market in the Asia Pacific region is expected to witness a significant growth rate in the forecast period owing to the availability and accessibility of effective treatment options, increasing disposable incomes, unmet clinical needs of patients, and increasing population in India and China. China is anticipated to have a 64 percent increase in colorectal cancer cases from 0.56 million in 2020 to 0.91 million in 2040.

 

In addition, Japan is expected to grow rapidly relative to other important markets. Japan is expected to experience 1,48,500 new cases of CRC, 60,000 CRC deaths, and 0.16 million incident cases during the next 20 years. Therefore, the growing cases of cancer are improving the global colorectal cancer therapeutics market value.

 

Competitive Landscape

Genentech, Inc. is a biotechnology company committed to pioneering research to find and create treatments for people with life-threatening diseases. The first cancer targeted antibody and the first treatment for primary progressive multiple sclerosis are the two of its ground-breaking discoveries.

 

Eli Lilly and Company is a pharmaceutical manufacturing company. The company is involved in the global research, development, production, marketing, and sales of pharmaceutical goods. Alimta, Cyramza, Erbitux, Retevmo, Tyvyt, and Verzenio are some of its oncology products.

 

Bayer AG is a life science company working on agriculture and healthcare industries. Bayer currently markets treatments for prostate, colorectal, follicular lymphoma, kidney, liver, and thyroid cancers and a precision treatment for NTRK fusions, which are found in more than 25 solid tumour types, including paediatrics cancers.

 

Amgen Inc. is one of the global biotechnology firms. It focuses on six therapeutic fields: inflammation, nephrology, neurology, cancer, and cardiovascular disease. The majority of Amgen's medications treat conditions for which there are few effective treatments, or they offer an effective alternative to those that are currently on the market.

 

F. Hoffmann-La Roche Ltd. (Roche) is a biotechnology corporation which creates medications and diagnostic tools to combat serious illnesses. For cancer treatment and other autoimmune illnesses, it offers medications.

 

Roche has been working on drugs that will transform oncology care. The company is investing more money than ever to provide individuals with cancer with individualised immunotherapy. These growing investments are acting as colorectal cancer therapeutics market trends.

 

Sanofi SA is a France-based healthcare organisation. The company focuses on patient needs and works to research, manufacture, and sell therapeutic solutions. Pharmaceuticals, vaccines and consumer healthcare (CHC), make up its three operating segments. The medications cover immunology, diabetes, cardiology, oncology, rare disorders, multiple sclerosis/neurology, and oncology.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Therapy
  • Cancer Type
  • Route of Administration
  • End User
  • Region
Breakup by Therapy
  • Targeted Therapy
  • Immunotherapy
  • Chemotherapy
  • Others
Breakup by Cancer Type
  • Colorectal Adenocarcinoma
  • Gastrointestinal Carcinoid Tumors
  • Others
Breakup by Route of Administration
  • Oral
  • Parenteral
  • Others
Breakup by End User
  • Hospitals
  • Homecare
  • Specialty Clinics
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Genentech, Inc.
  • Eli Lilly and Company
  • Bayer AG
  • Amgen Inc.
  • F. Hoffmann-La Roche Ltd.
  • Pfizer Inc
  • Novartis AG
  • Accord Healthcare
  • Alkem Labs Ltd
  • Bausch Health Companies Inc.
  • Hill Dermaceuticals, Inc.
  • Bristol-Myers Squibb Company
  • Fresenius Kabi USA
  • Sagent Pharmaceuticals, Inc.
  • Sanofi

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key Assumptions
    1.3    Report Coverage – Key Segmentation and Scope 
    1.4    Research Methodology
2    Executive Summary
3    Colorectal Cancer Overview

    3.1    Guidelines and Stages
    3.2    Pathophysiology
    3.3    Screening and Diagnosis
    3.4    Treatment Pathway 
4    Patient Profile
    4.1    Patient Profile Overview
    4.2    Patient Psychology and Emotional Impact Factors
    4.3    Risk Assessment and Treatment Success Rate
5    Colorectal Cancer Epidemiology Analysis
    5.1    Epidemiology Overview (2016-2031)
    5.2    North America Colorectal Cancer Epidemiology (2016-2031)
    5.3    Europe Colorectal Cancer Epidemiology (2016-2031)
    5.4    Asia-Pacific Colorectal Cancer Epidemiology (2016-2031)
    5.5    Latin America Colorectal Cancer Epidemiology (2016-2031)
    5.6    Middle East & Africa Colorectal Cancer Epidemiology (2016-2031)
6    Global Colorectal Cancer Therapeutics Market Overview 
    6.1    Global Colorectal Cancer Therapeutics Market Historical Value (2017-2023) 
    6.2    Global Colorectal Cancer Therapeutics Market Forecast Value (2024-2032)
7    Global Colorectal Cancer Therapeutics Market Landscape
    7.1    Colorectal Cancer Therapeutics: Developers Landscape
        7.1.1    Analysis by Year of Establishment
        7.1.2    Analysis by Company Size
        7.1.3    Analysis by Region
    7.2    Colorectal Cancer Therapeutics: Product Landscape
        7.2.1    Analysis by Therapy type
        7.2.2    Analysis by Cancer Type
        7.2.3    Analysis by Route of Administration
        7.2.4    Analysis by End User
8    Colorectal Cancer Therapeutics Challenges and Unmet Needs
    8.1    Treatment Pathway Challenges
    8.2    Compliance and Drop-Out Analysis
    8.3    Awareness and Prevention Gaps
9    Cost of Treatment
10    Global Colorectal Cancer Therapeutics Market Dynamics

    10.1    Market Drivers and Constraints
    10.2    SWOT Analysis
    10.3    Porter’s Five Forces Model
    10.4    Key Demand Indicators 
    10.5    Key Price Indicators
    10.6    Industry Events, Initiatives, and Trends  
    10.7    Value Chain Analysis
11    Global Colorectal Cancer Therapeutics Market Segmentation
    11.1    Global Colorectal Cancer Therapeutics Market by Therapy
        11.1.1    Market Overview
        11.1.2    Targeted Therapy
        11.1.3    Immunotherapy
        11.1.4    Chemotherapy
        11.1.5    Others
    11.2    Global Colorectal Cancer Therapeutics Market by Cancer Type 
        11.2.1    Market Overview
        11.2.2    Colorectal Adenocarcinoma
        11.2.3    Gastrointestinal Carcinoid Tumors
        11.2.4    Others
    11.3    Global Colorectal Cancer Therapeutics Market by Route of Administration
        11.3.1    Market Overview
        11.3.2    Oral
        11.3.3    Parenteral
        11.3.4    Others
    11.4    Global Colorectal Cancer Therapeutics Market by End User
        11.4.1    Market Overview
        11.4.2    Hospitals
        11.4.3    Homecare
        11.4.4    Specialty Clinics
        11.4.5    Others
    11.5    Global Colorectal Cancer Therapeutics Market by Region
        11.5.1    Market Overview
        11.5.2    North America
        11.5.3    Europe 
        11.5.4    Asia Pacific
        11.5.5    Latin America
        11.5.6    Middle East and Africa
12    North America Colorectal Cancer Therapeutics Market
    12.1    Market Share by Country
    12.2    United States of America
    12.3    Canada
13    Europe Colorectal Cancer Therapeutics Market
    13.1    Market Share by Country
    13.2    United Kingdom
    13.3    Germany
    13.4    France
    13.5    Italy
    13.6    Others
14    Asia Pacific Colorectal Cancer Therapeutics Market
    14.1    Market Share by Country
    14.2    China
    14.3    Japan
    14.4    India
    14.5    ASEAN
    14.6    Australia
    14.7    Others
15    Latin America Colorectal Cancer Therapeutics Market
    15.1    Market Share by Country
    15.2    Brazil
    15.3    Argentina
    15.4    Mexico
    15.5    Others
16    Middle East and Africa Colorectal Cancer Therapeutics Market
    16.1    Market Share by Country
    16.2    Saudi Arabia
    16.3    United Arab Emirates
    16.4    Nigeria
    16.5    South Africa
    16.6    Others
17    Regulatory Framework
    17.1    Regulatory Overview
        17.1.1    US FDA
        17.1.2    EU EMA
        17.1.3    INDIA CDSCO
        17.1.4    JAPAN PMDA
        17.1.5    Others
18    Patent Analysis
    18.1    Analysis by Type of Patent
    18.2    Analysis by Publication year
    18.3    Analysis by Issuing Authority
    18.4    Analysis by Patent Age
    18.5    Analysis by CPC Analysis
    18.6    Analysis by Patent Valuation 
    18.7    Analysis by Key Players
19    Grants Analysis
    19.1    Analysis by year
    19.2    Analysis by Amount Awarded
    19.3    Analysis by Issuing Authority
    19.4    Analysis by Grant Application
    19.5    Analysis by Funding Institute
    19.6    Analysis by NIH Departments
    19.7    Analysis by Recipient Organization 
20    Clinical Trials Analysis
    20.1     Analysis by Trial Registration Year
    20.2    Analysis by Trial Status
    20.3    Analysis by Trial Phase
    20.4    Analysis by Therapeutic Area
    20.5    Analysis by Geography
21    Funding and Investment Analysis
    21.1    Analysis by Funding Instances
    21.2    Analysis by Type of Funding
    21.3    Analysis by Funding Amount
    21.4    Analysis by Leading Players
    21.5    Analysis by Leading Investors
    21.6    Analysis by Geography
22    Partnership and Collaborations Analysis
    22.1    Analysis by Partnership Instances
    22.2    Analysis by Type of Partnership
    22.3    Analysis by Leading Players
    22.4    Analysis by Geography
23    Supplier Landscape
    23.1    Genentech, Inc. 
        23.1.1    Financial Analysis
        23.1.2    Product Portfolio
        23.1.3    Demographic Reach and Achievements
        23.1.4    Mergers and Acquisitions
        23.1.5    Certifications
    23.2    Eli Lilly and Company
        23.2.1    Financial Analysis
        23.2.2    Product Portfolio
        23.2.3    Demographic Reach and Achievements
        23.2.4    Mergers and Acquisitions
        23.2.5    Certifications
    23.3    Bayer AG
        23.3.1    Financial Analysis
        23.3.2    Product Portfolio
        23.3.3    Demographic Reach and Achievements
        23.3.4    Mergers and Acquisitions
        23.3.5    Certifications
    23.4    Amgen Inc.
        23.4.1    Financial Analysis
        23.4.2    Product Portfolio
        23.4.3    Demographic Reach and Achievements
        23.4.4    Mergers and Acquisitions
        23.4.5    Certifications
    23.5    F. Hoffmann-La Roche Ltd.
        23.5.1    Financial Analysis
        23.5.2    Product Portfolio
        23.5.3    Demographic Reach and Achievements
        23.5.4    Mergers and Acquisitions
        23.5.5    Certifications
    23.6    Pfizer Inc
        23.6.1    Financial Analysis
        23.6.2    Product Portfolio
        23.6.3    Demographic Reach and Achievements
        23.6.4    Mergers and Acquisitions
        23.6.5    Certifications
    23.7    Novartis AG
        23.7.1    Financial Analysis
        23.7.2    Product Portfolio
        23.7.3    Demographic Reach and Achievements
        23.7.4    Mergers and Acquisitions
        23.7.5    Certifications
    23.8    Accord Healthcare
        23.8.1    Financial Analysis
        23.8.2    Product Portfolio
        23.8.3    Demographic Reach and Achievements
        23.8.4    Mergers and Acquisitions
        23.8.5    Certifications
    23.9    Alkem Labs Ltd
        23.9.1    Financial Analysis
        23.9.2    Product Portfolio
        23.9.3    Demographic Reach and Achievements
        23.9.4    Mergers and Acquisitions
        23.9.5    Certifications
    23.10    Bausch Health Companies Inc.
        23.10.1    Financial Analysis
        23.10.2    Product Portfolio
        23.10.3    Demographic Reach and Achievements
        23.10.4    Mergers and Acquisitions
        23.10.5    Certifications
    23.11    Hill Dermaceuticals, Inc.
        23.11.1    Financial Analysis
        23.11.2    Product Portfolio
        23.11.3    Demographic Reach and Achievements
        23.11.4    Mergers and Acquisitions
        23.11.5    Certifications
    23.12     Bristol-Myers Squibb Company
        23.12.1    Financial Analysis
        23.12.2    Product Portfolio
        23.12.3    Demographic Reach and Achievements
        23.12.4    Mergers and Acquisitions
        23.12.5    Certifications
    23.13    Fresenius Kabi USA
        23.13.1    Financial Analysis
        23.13.2    Product Portfolio
        23.13.3    Demographic Reach and Achievements
        23.13.4    Mergers and Acquisitions
        23.13.5    Certifications
    23.14    Sagent Pharmaceuticals, Inc.
        23.14.1    Financial Analysis
        23.14.2    Product Portfolio
        23.14.3    Demographic Reach and Achievements
        23.14.4    Mergers and Acquisitions
        23.14.5    Certifications
    23.15    Sanofi
        23.15.1    Financial Analysis
        23.15.2    Product Portfolio
        23.15.3    Demographic Reach and Achievements
        23.15.4    Mergers and Acquisitions
        23.15.5    Certifications
24    Colorectal Cancer Therapeutics - Distribution Model (Additional Insight)
    24.1    Overview 
    24.2    Potential Distributors 
    24.3    Key Parameters for Distribution Partner Assessment 
25    Key Opinion Leaders (KOL) Insights (Additional Insight)
26    Company Competitiveness Analysis (Additional Insight)

    26.1    Very Small Companies
    26.2    Small Companies
    26.3    Mid-Sized Companies
    26.4    Large Companies
    26.5    Very Large Companies
27    Payment Methods (Additional Insight)
    27.1    Government Funded
    27.2    Private Insurance
    27.3    Out-of-Pocket

 

*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

In 2023, the global market for colorectal cancer therapeutics reached a value of USD 15.75 billion.

The market is anticipated to grow at a CAGR of 6.4% during the forecast period of 2024-2032 to reach a value of USD 27.52 billion by 2032.

The major drivers of the colorectal cancer therapeutics market include the robust healthcare infrastructure, increased treatment rates, inflated pharmaceutical prices, launch of new medicinal products. Growing clinical trials, availability and accessibility of effective treatment options, government initiatives, and emergence of more front-line therapies are also aiding the market growth.

The rising incidence of colorectal cancer and increasing geriatric population are the key industry trends propelling the growth of the market.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Based on therapy, the market is divided into targeted therapy, immunotherapy, and chemotherapy, among others.

The market for colorectal cancer therapeutics, based on cancer type, can be segmented into colorectal adenocarcinoma and gastrointestinal carcinoid tumours, among others.

The several distribution channels of the market are hospital pharmacies, retail pharmacies, and online, among others.

Targeted drugs function unlike the chemotherapy (chemo) drugs.  They sometimes function when chemo medicines do not, and they generally have different adverse effects. They can be taken in conjunction with chemo or on its own if chemo is no longer effective.

Surgery is the most effective treatment for colorectal cancer. Other therapies, such as radiation therapy and chemotherapy, may be suggested as well.

The major players in the colorectal cancer therapeutics market are Genentech, Inc., Eli Lilly and Company, Bayer AG, Amgen Inc., F. Hoffmann-La Roche Ltd., and Sanofi SA, among others.

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