New York, United States, Mon, 31 Jul 2023 06:39:02 / Comserve Inc. / -- Research Nester published a report titled “Colorectal Cancer Therapeutics Market: Global Demand Analysis & Opportunity Outlook 2033”
Research Nester published a report titled “Colorectal Cancer Therapeutics Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global colorectal cancer therapeutics market in terms of market segmentation by therapy, cancer type, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global colorectal cancer therapeutics market is estimated to grow with a CAGR of ~10% over the forecast period, i.e., 2023 - 2033. The market is segmented by therapy into targeted therapy, immunotherapy, chemotherapy, radiation therapy, embolization, surgery, and others. Amongst these, the targeted therapy segment is anticipated to grow at the highest rate during the forecast period owing to the extreme efficiency of this modality.
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The global colorectal cancer therapeutics market is projected to extensively grow owing to the rising new therapies to treat cancer, followed by the worldwide increase in geriatric population, as aging brings lots of health issues such as, bone disorders, high risk of cancer and so on. Furthermore, notable research on finding out the efficacy of new drugs, and significant growth in global healthcare spending are some of the major factors anticipated to drive the growth of the market in the forecast period.
Regionally, the global colorectal cancer therapeutics market is segmented into five major regions comprising of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the North America region is estimated to witness significant growth over the forecast period owing to the growing healthcare spending, upsurge in colorectal cancer cases, increasing count of government led initiatives, and growing awareness among people about the screening of colorectal cancer in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Worldwide Propagation in Cancer Cases to Drive the Market Growth
According to World Health Organization, approximately 10 million people died from cancer worldwide in 2020.
Cancer develops when cells in the body grow uncontrollably and extend to other parts of the body. An unhealthy lifestyle, exposure to some kind of radiation, and toxic environmental surroundings are some of the causes that lead towards the development of cancer. Cancer is a fatal disease which is a leading reason of death around the world. Therefore, growing occurrence of cancer is fueling up the growth of the global colorectal cancer therapeutics market.
However, long term procedures of cancer treatments, extreme amount of cancer medicines, and concerned risk of side effects of the treatment are expected to operate as key restraint to the growth of the global colorectal cancer therapeutics market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global colorectal cancer therapeutics market which includes company profiling of Genentech, Inc., Teva Pharmaceuticals Industries Ltd., Ipsen Biopharmaceuticals, Inc., Novartis AG, Pfizer Inc., Eli Lilly and Company, F. Hoffmann-La Roche Ltd, Bristol-Myers Squibb Company, Bayer AG, Amgen Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global colorectal cancer therapeutics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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