Global Colorectal Cancer Therapeutics Market, By Drug Class, By Cancer Type, By Distribution Channel, By Region & Segmental Insights Trends and Forecast, 2023 – 2031
- Industry: Healthcare
- Report ID: TNR-110-1026
- Number of Pages: 420
- Table/Charts : Yes
- November, 2023
- Base Year : 2024
- No. of Companies : 11+
- No. of Countries : 29
- Views : 10216
- Covid Impact Covered: Yes
- War Impact Covered: Yes
- Formats : PDF, Excel, PPT
Colorectal cancer therapeutics encompasses various treatments aimed at combating malignancies in the colon or rectum. These treatments may include surgery, chemotherapy, radiation therapy, targeted therapies, and immunotherapy. The choice of therapy depends on factors like cancer stage, patient health, and the specific characteristics of the tumor. In terms of revenue, the global colorectal cancer therapeutics market was worth US$ 15.14 Bn in 2022, anticipated to witness CAGR of 4.2% during 2023 – 2031.
Trends in the Global Colorectal Cancer Therapeutics Market
- Precision medicine is currently revolutionizing colorectal cancer treatment. Oncologists are increasingly using genetic profiling and molecular diagnostics to tailor therapies to each patient’s unique genetic makeup. This ongoing trend ensures that treatment plans are more effective and have fewer adverse effects, as they specifically target the cancer cells while sparing healthy tissue. As genetic research continues to advance, the adoption of precision medicine approaches in colorectal cancer therapeutics is continuously improving patient outcomes.
- Immunotherapy is gaining momentum as a promising treatment option for colorectal cancer. It involves enhancing the body’s immune system to identify and attack cancer cells. The ongoing development and approval of immune checkpoint inhibitors, such as pembrolizumab and nivolumab, have transformed the colorectal cancer therapeutic landscape. This trend in harnessing the immune system to combat cancer is driving research and investment in immunotherapies, with a focus on enhancing their efficacy and expanding their use in the current colorectal cancer treatment paradigm.
Global Colorectal Cancer Therapeutics Market Revenue & Forecast, (US$ Million), 2015 – 2031
Targeted therapy segment has gained popularity in recent years and is anticipated to be the fastest growing segment in the global colorectal cancer therapeutics market during the forecast period. The growth is driven by its precision and effectiveness. Targeted therapies like cetuximab and bevacizumab specifically attack cancer cells while sparing healthy tissue, reducing side effects. They have shown promising results in colorectal cancer treatment, especially when combined with chemotherapy.
For instance, studies have indicated that adding cetuximab to standard treatment regimens can extend survival by several months. The growing understanding of genetic mutations in colorectal cancer, such as KRAS and BRAF, has paved the way for more tailored targeted therapies. This trend underscores the increasing reliance on personalized treatment approaches in colorectal cancer care.
Colorectal adenocarcinoma cancer type segment had the highest share in the global colorectal cancer therapeutics market in 2022. The dominance stems from its prevalence as the most common subtype of colorectal cancer, accounting for approximately 95% of cases. Its high incidence necessitates extensive research and therapeutic development. Moreover, the overall survival rates for colorectal adenocarcinoma have improved due to advancements in treatment modalities like surgery, chemotherapy, and targeted therapies. For instance, in the US, the five-year relative survival rate for localized colorectal cancer is around 90%. As a result, a substantial portion of therapeutic efforts and investments is channeled into addressing this dominant subtype, making it a focal point in the fight against colorectal cancer.
Asia Pacific is expected to witness the highest growth rate in the colorectal cancer therapeutics market during the forecast period, fueled by multiple factors. Firstly, the region’s population is aging rapidly, and with age, the risk of colorectal cancer increases significantly. For instance, in Japan, approximately 70% of colorectal cancer cases occur in individuals aged 65 and older. Secondly, the Asia Pacific region has witnessed rising awareness about colorectal cancer screening and early detection efforts, leading to more cases being diagnosed at treatable stages. Furthermore, pharmaceutical companies are expanding their presence in Asia Pacific, bringing advanced therapies and clinical trials to the region, driving the growth of colorectal cancer therapeutics.
Competitive Landscape
Some of the players operating in the colorectal cancer therapeutics market are
- Amgen Inc.
- Bayer AG
- Bristol-Myers Squibb
- F. Hoffmann-La Roche Ltd
- Lilly
- Merck & Co., Inc.
- Novartis AG
- Pfizer Inc.
- Regeneron Pharmaceuticals Inc.
- Sanofi
- Other Industry Participants
Global Colorectal Cancer Therapeutics Market Scope
Report Specifications | Details |
Market Revenue in 2022 | US$ 15.14 Bn |
Market Size Forecast by 2031 | US$ 27.8 Bn |
Growth Rate (CAGR) | 4.2% |
Historic Data | 2015 – 2021 |
Base Year for Estimation | 2022 |
Forecast Period | 2023 – 2031 |
Report Inclusions | Market Size & Estimates, Market Dynamics, Competitive Scenario, Trends, Growth Factors, Market Determinants, Key Investment Segmentation, Product/Service/Solutions Benchmarking |
Segments Covered | By Drug Class, By Cancer Type, By Distribution Channel |
Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
Countries Covered | U.S., Canada, Mexico, Rest of North America, France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific, Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa, Brazil, Argentina, Rest of Latin America |
Key Players | Amgen Inc., Bayer AG, Bristol-Myers Squibb, F. Hoffmann-La Roche Ltd, Lilly, Merck & Co., Inc., Novartis AG, Pfizer Inc., Regeneron Pharmaceuticals Inc., Sanofi, Other Industry Participants |
Customization Scope | Customization allows for the inclusion/modification of content pertaining to geographical regions, countries, and specific market segments. |
Pricing & Procurement Options | Explore purchase options tailored to your specific research requirements |
Contact Details | Consult With Our Expert
Japan (Toll-Free): +81 663-386-8111 South Korea (Toll-Free): +82-808- 703-126 Saudi Arabia (Toll-Free): +966 800-850-1643 United Kingdom: +44 753-710-5080 United States: +1 302-232-5106 E-mail: askanexpert@thenicheresearch.com
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Global Colorectal Cancer Therapeutics Market
By Drug Class
- Chemotherapy
- Immunotherapy
- Targeted Therapy
- Others
By Cancer Type
- Colorectal Adenocarcinoma
- Gastrointestinal Carcinoid Tumors
- Others
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Others
By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
Report Snapshot
Table of Contents
Note: This ToC is tentative and can be changed according to the research study conducted during the course of report completion
**Exclusive for Multi-User and Enterprise User.
Global Colorectal Cancer Therapeutics Market
By Drug Class
By Cancer Type
By Distribution Channel
By Region
Note: This ToC is tentative and can be changed according to the research study conducted during the course of report completion
**Exclusive for Multi-User and Enterprise User.
The Niche Research approach encompasses both primary and secondary research methods to provide comprehensive insights. While primary research is the cornerstone of our studies, we also incorporate secondary research sources such as company annual reports, premium industry databases, press releases, industry journals, and white papers.
Within our primary research, we actively engage with various industry stakeholders, conducting paid interviews and surveys. Our meticulous analysis extends to every market participant in major countries, allowing us to thoroughly examine their portfolios, calculate market shares, and segment revenues.
Our data collection primarily focuses on individual countries within our research scope, enabling us to estimate regional market sizes. Typically, we employ a bottom-up approach, meticulously tracking trends in different countries. We analyze growth drivers, constraints, technological innovations, and opportunities for each country, ultimately arriving at regional figures.Our process begins by examining the growth prospects of each country. Building upon these insights, we project growth and trends for the entire region. Finally, we utilize our proprietary model to refine estimations and forecasts.
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The forecasts we provide are based on a comprehensive assessment of various factors, including:
- Market Trends and Past Performance (Last Five Years): We accurately analyze market trends and performance data from preceding five years to identify historical patterns and understand the market’s evolution.
- Historical Performance and Growth of Market Participants: We assess the historical performance and growth trajectories of key market participants. This analysis provides insights into the competitive landscape and individual company strategies.
- Market Determinants Impact Analysis (Next Eight Years): We conduct a rigorous analysis of the factors that are projected to influence the market over the next eight years. This includes assessing both internal and external determinants that can shape market dynamics.
- Drivers and Challenges for the Forecast Period:Identify the factors expected to drive market growth during the forecast period, as well as the challenges that the industry may face. This analysis aids in deriving an accurate growth rate projection.
- New Acquisitions, Collaborations, or Partnerships: We keep a close watch on any new acquisitions, collaborations, or partnerships within the industry. These developments can have a significant impact on market dynamics and competitiveness.
- Macro and Micro Factors Analysis:A thorough examination of both macro-level factors (e.g., economic trends, regulatory changes) and micro-level factors (e.g., technological advancements, consumer preferences) that may influence the market during the forecast period.
- End-User Sentiment Analysis: To understand the market from the end-user perspective, we conduct sentiment analysis. This involves assessing the sentiment, preferences, and feedback of the end-users, which can provide valuable insights into market trends.
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- Year-on-Year Growth Trend: We utilize a year-on-year growth trend based on historical market growth and expected future trends. This helps in formulating our growth projections, aligning them with the market’s historical performance.
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