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Colorectal Cancer Drugs Market Trends 2019 | Segmentation, Outlook, Industry Report to 2025

06-18-2021 11:44 AM CET | Health & Medicine

Press release from: Orion Market Research

Colorectal Cancer Drugs Market Trends 2019 | Segmentation,

The increasing adoption of personalized medicines for cancer treatment is furthermore augmenting the growth of the colorectal cancer drugs market. Detection of cancer is important for the surgeon or the doctor to find the best-suited therapy that can treat the person. For developing of personalized medicine, several genetic tests need to be taken in account as these tests will eventually reveal the various conditions of the patients such as detection of the individual developing a specific type of cancer. The personalized medicine provides an approach to treat the patient based on the age, sex, type of cancer, the reaction towards a drug and other factors. Personalized medicine holds promise for improving healthcare while lowering costs by enabling each patient to receive earlier diagnoses, optimal treatments, and risk assessments, expected to be a positive indicator for colorectal cancer drugs market growth.

To Request a Sample of our Report on Colorectal Cancer Drugs Market: https://www.omrglobal.com/request-sample/colorectal-cancer-drugs-market

As per the Personalized Medicine Coalition (PMC) 2017 report, around 42% of all compounds and around 73% of oncology compounds in the pipeline have the potential to be included in personalized medicines. The biopharmaceutical companies closely doubled their R&D investment in personalized medicine over the past five years and suppose to increase their investment in the near future. Moreover, estimates of disease susceptibility or disease prognosis can be improved by combining genomic test results with the knowledge about various factors such as age, lifestyle, or tumor size. This is promising for predicting disease susceptibility, disease prognosis, or drug response of an individual patient.

Increasing colorectal cancer prevalence is driving the global market

Additionally, the increasing prevalence and incidence of colorectal cancers are also fueling the demand for drugs that are intended to treat colorectal cancer. According to the American Cancer Society, colorectal cancer is diagnosed in more than 1.2 million people globally every year, with North America being the most dominant region. Moreover, the World Health Organization (WHO) has stated that the incidence of colorectal cancer is around 93,898 in men and 85,873 in women; whereas, it has caused mortalities to nearly 33,752 men and 30,369 women during 2018. The increasing prevalence of cancers addresses the need for right treatment solutions including drugs; thereby, drives the global colorectal cancer drugs market.

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A full Report of Colorectal Cancer Drugs Market is Available at: https://www.omrglobal.com/industry-reports/colorectal-cancer-drugs-market

Current Market Trends Covered in the Global Colorectal Cancer Drugs Market Report
• Based on the drug class type, the immunotherapy segment is estimated to hold a dominating market share during the forecast period.
• Based on the geography, North America is estimated to dominate the global colorectal cancer drugs market during the forecast period.
• Asia-Pacific is anticipated to register the fastest growth in the global colorectal cancer drugs industry during the forecast period.
Global Colorectal Cancer Market Segmentation

By Drug Class Type
• Chemotherapy
• Targeted Therapy
• Immunotherapy
• Hormonal Therapy
Regional Analysis

North America
• United States
• Canada

Europe
• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific
• India
• China
• Japan
• Rest oF APAC

Rest of The World
• Latin America
• Middle East and Africa

Company Profiles
• AbbVie Inc.
• Amgen Inc.
• AstraZeneca PLC
• Bayer AG
• Bristol-Myers Squibb Co.
• Celgene Corp.
• Eli Lilly and Co.
• F. Hoffmann-La Roche Ltd.
• Merck & Co., Inc.,
• Novartis AG
• Pfizer Inc.
• Sanofi SA

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1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/colorectal-cancer-drugs-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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