Press release
Global Colorectal Cancer Diagnosis and Therapeutics Market 2021: Top Industry Players, Growth Report to 2027
The global colorectal cancer diagnosis and treatment market is anticipated to grow at a CAGR of 4.3% during the forecast period (2021-2027). The rising change in lifestyle of people such as lack of physical activity, consumption of alcohol and tobacco, smoking, and inadequate diet, rising prevalence of colorectal cancer cases, increasing awareness for the treatment of cancer, rising FDA approvals, and increasing geriatric population is driving the colorectal cancer diagnosis and treatment market during the forecast period. For instance, as per the United Nations, in 2019 the population with an age of 65 years or above was 9% across the globe. Besides, colorectal cancer is one of the most occurring cases in the human. As per the American cancer society, around 104,270 new cases of colon cancer are expected in the US in 2021.(Get 15% Discount on Buying this Report)
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Besides, in May 2020, Eli Lilly and Company, has announced that the US Food and Drug Administration (FDA) has approved CYRAMZA, a ramucirumab injection, in combination with FOLFIRI (irinotecan, folinic acid, and fluorouracil), for the treatment of patients with metastatic colorectal cancer (mCRC) with highly progressed or after prior therapy with bevacizumab, oxaliplatin, and a fluoropyrimidine. In July 2020, Taiho Pharmaceutical Co., Ltd. has launched its anticancer agent LONSURF for the treatment of patients with metastatic colorectal cancer (mCRC) who have been previously treated with fluoropyrimidine-, oxaliplatin- and irinotecan-based chemotherapy.
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Additionally, in May 2019, EDP Biotech Corporation has announced an agreement with Luminex Corp. to sell a blood-based colorectal cancer diagnostic assay of Luminex’s technology, named ColoPlex. In September 2019, Prescient Metabiomics has announced that the US food and Drug Administration (FDA) has approved the device LifeKit to prevent colorectal neoplasia tests. This device is first made for a non-invasive diagnostic test, which is designed to detect pre-cancerous polyps as well as early-stage carcinomas, with the potential for the prevention of colorectal cancer. However, the demand for the treatment of cancers, new drugs, FDA approvals, and device launches, and the increasing prevalence of cancer patients could impede the global colorectal cancer diagnosis and treatment market over the coming years.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Colorectal Cancer Diagnosis and Treatment Market Report Segment
By Type
Adenocarcinomas
Carcinoid Tumors
Lymphomas
Sarcomas
Gastrointestinal Stromal Tumors (GISTS)
By Diagnosis
Digital Rectal Examination
Fecal Occult Blood Test
Flexible Sigmoidoscopy
Colonoscopy
Others (Biopsy)
By Treatment
Surgery
Radiation Therapy
Chemotherapy
Targeted Therapy
Immunotherapy
By End-User
Multispecialty Hospitals
Cancer Research Centers
Global Colorectal Cancer Diagnosis and Treatment Market Report Segment by Region
North America
US
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
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Media Contact:
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Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
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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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