About Colorectal Cancer
Colorectal cancer market is growing owing to increasing instances globally, research and development and adoption of Anti-PD1 drugs such as Opdivo and Keytruda owing to their target oriented mechanism. In addition, recently increasing application of advanced drugs and therapies such as Avastin reducing the death ratio from colorectal cancer potentially growing the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Colorectal Cancer is a fragmented market due to the presence of less players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Colorectal Cancer market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
F. Hoffmann-La Roche Ltd. (Switzerland), Merck KGaA (Germany), Bayer HealthCare Pharmaceuticals (Germany), Boehringer Ingelheim (Germany), Taiho Pharmaceutical (Japan), Eli Lilly and Company (United States), Pfizer, Inc. (United States), Debiopharm (Switzerland), Vaccinogen (United States), Aeterna Zentaris (United States), Keryx (United States) and Spectrum Pharmaceuticals (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Taiho Pharmaceutical (Japan), Mologen (Germany) and Amgen (United States).
Segmentation Overview
AMA Research has segmented the market of Global Colorectal Cancer market by Type (Lymphoma, Carcinoids, Turcot Syndrome, Adenocarcinoma, Juvenile Polyposis Coli, Peutz-Jeghers Syndrome (PJS), Familial Colorectal Cancer (FCC), Gastrointestinal Stromal Tumors (GIST) and Others), Application (Hospitals and Clicnics, Macroscopy, Microscopy, Immunochemistry, Staging, Tumor Budding and Others) and Region.
On the basis of geography, the market of Colorectal 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). If we see Market by Drug Class, the sub-segment i.e. Chemotherapy will boost the Colorectal Cancer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing chemotherapeutic regimens and generics treatments.
Market Growth Drivers:
Increasing Prevalence across Economies, Increasing Adoption of anti-PD1 drugs and Growing Efficiency Avastin Therapy
Challenges:
lack of Advanced Healthcare Infrastructure in the Emerging Economies
Restraints:
Stringent Government Regulations and Lack of Skilled Professional for Treatment
Opportunities:
Rising Awareness about Early Screening and Diagnosis and Improving Healthcare Services
Market Leaders and their expansionary development strategies
In January 2023, Takeda announced that it has entered into an exclusive licensing agreement with HUTCHMED (China) Limited and its subsidiary HUTCHMED Limited, for the further development and commercialization of fruquintinib outside of mainland China, Hong Kong and Macau.
In February 2023, Cancer surgery experts launched a network of hospitals across India to support a country-wide clinical trial exploring how giving colon cancer patients chemotherapy before surgery cuts their risk of the disease coming back.
Key Target Audience
Healthcare Institutes, Industry Association, Downstream Vendors, Government Bodies, Business Research and consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.