According to Latest Report on Australian Colorectal Cancer Drugs Market 2023 to Grow with an Impressive CAGR

Report Overview

The Australian Colorectal Cancer drugs market size stood at around USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Colorectal cancer, also known as bowel cancer, colon cancer, or rectal cancer, and is any form of cancer that affects the colon and the Colorectal cancer was the 3rd most diagnosed cancer in Australia in 2016. It is estimated that it will be the 4th most diagnosed cancer in 2020. According to the Australian Government in 2016, there were 15,352 new cases of colorectal cancer diagnosed in Australia (8,390 males and 6,962 females).

Market Drivers

The rising prevalence of colorectal cancer owing to the unhealthy food habits and odd food consumption timings of individuals are factors driving the growth of the market. These factors add to the risk of an individual the growth of tumors that would lead to cancer. The increasing geriatric population base and a growing number of clinical trials to market new drugs are set to further enhance the overall market demand of Colorectal Cancer during the forecast period.

Bowel cancer risk is increased by smoking, eating an excessive amount of red meat (especially when charred), eating processed meats (smoked, cured, salted, or preserved), drinking alcohol, and being overweight or obese.

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Major Players

The major players covered in the colorectal cancer drugs market are Merck & Co. Inc, Roche, Sanofi, Amgen, Pfizer Inc., Abbott Laboratories, Novartis, GlaxoSmithKline, Bristol-Myers Squibb, Sumitomo Dainippon Pharma, Eli Lilly, Beckman Coulter, Inc, Regeneron, EDP Biotech, Genomics Tree, Metabiomics Corporation, Sumitomo Dainippon Pharma.

In 2018, Merck Group collaborated with SFJ Pharmaceuticals Group to develop abituzumab as a first-line treatment for metastatic colorectal cancer (mCRC) in combination with Erbitux® and chemotherapy.

In 2019 Pfizer acquires Array Biopharma at $48 per Array share in cash, for a total enterprise value of approximately $11.4 billion.

The report delivers the challenges in front of the Australian Colorectal Cancer Drugs Market 2023 that allows a better understanding of the market providing a helpful comprehensive evaluation and clear-cut dynamics associated with this market. The analyst has studied the current market scenario while concentrating on the new business objectives with the lucrative opportunities that are available. This report includes changes in customer requirements, customer preferences, and the vendor landscape in the industry with key factors that are expected to influence the overall dynamics of the Australian Colorectal Cancer Drugss Market including the current trends, growth opportunities, restraints, and market drivers.

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Market Segmentation

By Drug Type:

Based on drug type, the market is categorized into VEGF Inhibitors, EGFR Inhibitors, PD 1/PDL 1 Inhibitors, TK Inhibitors, Immunomodulators, Chemotherapy, & Others. Among the list Immunomodulators expected to remain a significant revenue source for leading layers due to label expansions despite approaching patent expiry. Immunomodulators refer to fighting cancer cells by taking advantage of the human immune system. There are several immunotherapy drugs available for colorectal cancer. These therapeutics include targeted antibodies and checkpoint inhibitors. Furthermore, growing R&D on combination therapy coupled with rising awareness on cancer therapeutics and advantages of Immunomodulators anticipated fueling the segment growth over the forecast period.

By Distribution:

Based on the distribution channel, the market is divided into hospital pharmacies, drug stores & retail pharmacies, and online pharmacies. Currently, the hospital pharmacies segment accounted for the majority of the Colorectal cancer treatment market share, owing to the strong presence of hospital pharmacies, increase in the number of hospitalized Colorectal cancer patients, and convenience offered by hospital pharmacies. Online pharmacies are the fastest-growing segment during the forecast period, owing to a rise in awareness regarding online pharmacies, an increase in the number of internet users, and a surge in preference for online purchasing of drugs over the traditional methods.

Major Players

The major players covered in the colorectal cancer drugs market are Merck & Co. Inc, Roche, Sanofi, Amgen, Pfizer Inc., Abbott Laboratories, Novartis, GlaxoSmithKline, Bristol-Myers Squibb, Sumitomo Dainippon Pharma, Eli Lilly, Beckman Coulter, Inc, Regeneron, EDP Biotech, Genomics Tree, Metabiomics Corporation, Sumitomo Dainippon Pharma.

In 2018, Merck Group collaborated with SFJ Pharmaceuticals Group to develop abituzumab as a first-line treatment for metastatic colorectal cancer (mCRC) in combination with Erbitux® and chemotherapy.

In 2019 Pfizer acquires Array Biopharma at $48 per Array share in cash, for a total enterprise value of approximately $11.4 billion.

The Australian Colorectal Cancer Drugs Market report is an easy-to-understand document giving section-wise details about the global market. Starting with the brief outline of the overall market, it will put forth the all-inclusive evaluated market statistics and different parameters for the forecast period. The report covers numerous aspects of the Australian Colorectal Cancer Drugs market divided into product kind, application, and end-use, offering the report to assist the customers in improving their ability to make precise decisions related to the business under the Australian Colorectal Cancer Drugs Market.

International Market Players will use the correct market facts and figures and applied math studies provided within the report back to perceive this and future growth of the worldwide Electrophoretic Australian Colorectal Cancer Drugs market. Each section of the research study is specially prepared to explore key aspects of the global Australian Colorectal Cancer Drugs Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global Australian Colorectal Cancer Drugs market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.

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Strategic Points Covered in Table of Content of Global Australian Colorectal Cancer Drugs Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Australian Colorectal Cancer Drugs market
Chapter 2: Exclusive Summary - the basic information of the Australian Colorectal Cancer Drugs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Australian Colorectal Cancer Drugs
Chapter 4: Presenting the Australian Colorectal Cancer Drugs Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Australian Colorectal Cancer Drugs market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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