Rectal Cancer Market Scope
Rectal cancer is a disease diagnosed when a doctor tests to find the cause of bleeding or iron deficiency called anemia in the body. The surgical treatment is most widely used for rectal cancer and colonoscopy is said to be more accurate tests for detecting rectal cancer. In this, a doctor uses a thin and flexible lighted tube with a video at its tips called a colonoscope to easily view the inside of the colon and rectum. Some time rectal cancer can not show symptoms where a person comes to know about it when they go through the colonoscopy screening. The chances for recurrence of rectal cancer are higher after than in colorectal cancer as they have a slight difference in their treatment procedure.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Isofol Medical Abs (Sweden), Pfizer Inc. (United States), Bristol Myers Squibb Company (United States), Merck & Co., Inc., (United States), Natera Inc. (United States), Genentech, Inc.(United States) and Sanofi S.A. (France) |
CAGR | % |
Patients and their healthcare providers face a complex decision-making process when choosing the best treatment option. Factors like disease stage, overall health, treatment goals, and individual preferences play a crucial role. Consulting with experienced oncologists, surgeons, and radiation therapists is essential to understand the available options and make informed decisions.
Isofol Medical Abs (Sweden), Pfizer Inc. (United States), Bristol Myers Squibb Company (United States), Merck & Co., Inc., (United States), Natera Inc. (United States), Genentech, Inc.(United States) and Sanofi S.A. (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Advaxis Inc. (United States) and Seattle Genetics (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Rectal Cancer market by Type , by Application (Hospital, Clinic and Other) and Region with country level break-up.
On the basis of geography, the market of Rectal Cancer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In December 2023, Roche partners with Flatiron Health to develop real-world evidence platform for rectal cancer treatments. This collaboration aims to leverage real-world data to monitor treatment effectiveness and identify potential areas for future research.
In November 2023, Roche introduces Foundation Medicine FoundationOne CDx for comprehensive genomic profiling of rectal cancer. This advanced test analyzes multiple genes and biomarkers, helping guide personalized treatment decisions based on the tumor's unique characteristics.
Influencing Trend:
Surgical Treatment is Most Common in Rectal Cancer and Improved Accuracy in Methods of Treating Rectal Cancer Because of Technological Advancements
Market Growth Drivers:
Growing Geriatric Population Across the World and Prevalence of Inflammatory Bowel Disease and Family History of Colorectal Cancer
Challenges:
Problems with Monitoring Treatment Response in Rectal Cancer
Restraints:
Recurrence of Rectal Cancer in Patients After Surgery in Some Cases
Opportunities:
Continuous Research and Development of Cancer Drugs and Increasing Spendings on Healthcare in the Developing Regions
Key Target Audience
Rectal Cancer Drugs and Devices Manufacturers, Rectal Cancer Treatment Providers, Hospital Associations, Research and Development Institutes, Investors and Venture Capital, Regulatory Bodies and Others