Colorectal Cancer Treatment market research report has been formulated by using basic steps to conduct market research analysis which includes survey, focus groups, personal interviews, observations and field trials. The report helps achieve a dream of an outshining and winning business. This business report also makes some important proposals for a new project of Colorectal Cancer Treatment market before evaluating its feasibility. This market report comprises of data that can be quite essential when it comes to dominating the market or making a mark in the market as a new emergent. The market research report is a resource, which provides current as well as upcoming technical and financial details of the industry.

By understanding the trends in consumer and supply chain dynamics, this large scale Colorectal Cancer Treatment market report helps to draw the strategies about sales, marketing, and promotion. In a rapidly changing marketplace, companies must opt for a broad range to have an effectual business growth and this market report is right there to serve this purpose at the best. This report contains a chapter on the global Colorectal Cancer Treatment market and all its associated companies with their profiles, which gives valuable data pertaining to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies.

Data Bridge Market Research analyses a growth rate in the colorectal cancer treatment market in the forecast period 2023-2030. The expected CAGR of colorectal cancer treatment market is tend to be around 4% in the mentioned forecast period. The market is valued at USD 19 billion in 2022, and it would grow upto USD 26 billion by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Severe and life-threatening diseases are becoming more prevalent in today's world. Colorectal cancer is one of these serious diseases, with persistent growth in prevalence globally. According to the World Health Organization (WHO), an increase of about 70% in colorectal cancer cases globally is expected by 2030. Increased genetic mutation disorders and increasing adoption of unhealthy lifestyles that raise the risk of emerging colorectal cancer also boost the market growth.

Key Growth Drivers:

  • Increasing Prevalence of Cancer

As per American Cancer Society, men tend to have a 1 in 23 lifetime risk of having colorectal cancer, whereas women have a 1 in 25. Women are at a moderately lower risk than men. Colorectal cancer is the third most frequent cancer in men and the second most common cancer in women. More than 1.8 million new cases were witnessed in 2018. People surviving with localized stage colorectal cancer tend to have a 90% chance of surviving after five years. About 39% of cases are diagnosed at this early stage. The 5-year survival rate is 71% if cancer ranges to neighbouring tissues, organs, or regional lymph nodes. Thus, this factor boost the market growth.

  • Rising Healthcare Expenditure And Government Support

With the growing pervasiveness of cancer, the increasing awareness for the disease and the associated treatment is also rising. Government initiatives tend to provide better and more affordable treatments along with favourable reimbursement policies which are anticipated to boost the industry growth. Additionally, growing acceptance of advanced therapies such as Erbitux (cetuximab), Avastin (bevacizumab), and Stivarga (regorafenib) is estimated to drive the market. Amgen and Allergan’s Mvasi was the first biosimilar to Avastin which was approved in U.S. and Europe, therefore marking the entry of biosimilars in the sector of oncology. Numerous other bevacizumab and cetuximab biosimilars are under development and most likely to impact branded sales when launched.

The report outlines the involvement of key players, including:

Genentech, Inc (U.S.), Amgen Inc. (U.S.), Abbvie, Inc (U.S.), Novartis AG (Switzerland), Teva Pharmaceutical Industries Ltd (Israel), Pfizer Inc (U.S.), Hikma Pharmaceuticals PLC (U.K.), Alkem Labs Ltd (India), Accord Healthcare (U.K.), Zydus Group (India), Amneal Pharmaceutical Inc. (U.K.), Lilly (U.S.), Sanofi (France), Bausch Health Companies Inc. (Canada), Almirall, S.A (Spain), Fresenius Kabi USA (U.S.), Sagent Pharmaceuticals, Inc. (U.S.), Hill Dermaceuticals, Inc. (U.S.), Bristol-Myers Squibb Company (U.S.), Amgen Inc. (U.S.)

Key Market Segmentation

Treatment (Chemotherapy, Targeted Therapy, Radiation Therapy, Surgery, immunotherapy, Embolization. Others),  Route of Administration (Oral, Parenteral, Others), End-Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy)

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