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Major Growth Driver Identified in 2025 Colorectal Cancer Drugs Market: Rising Demand For Personalized Medicines Drives Growth In Colorectal Cancer Drugs Market
Colorectal Cancer Drugs Market
What Is the Expected CAGR for the Colorectal Cancer Drugs Market Through 2025?
The market size of drugs for colorectal cancer has noticeably expanded over the past few years. The market is expected to augment from $20.71 billion in 2024 to $21.98 billion in 2025, displaying a compound annual growth rate (CAGR) of 6.2%. The historical period growth is due to the adoption of multimodal strategies, the invention of chemotherapy, advancements in surgical method, the arrival of targeted treatments, clinical tests, and research.
What's the Projected Size of the Global Colorectal Cancer Drugs Market by 2029?
In the coming years, the market size for drugs targeting colorectal cancer is predicted to witness a significant surge. The market is set to expand to a hefty $27.53 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.8%. Factors contributing to this prospective growth include a rise in personalised treatment, the implementation of patient-centric care models, expanded targeted therapies, the adoption of combination therapies and regulatory acceleration. Noteworthy trends impacting this market during the forecast period comprise advancements in immunotherapy, the evolution of precision medicine, the adoption of combination therapies, breakthroughs in biomarker research and usage, and the novelty in clinical trials.
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Top Growth Drivers in the Colorectal Cancer Drugs Industry: What's Accelerating the Market?
The heightened requirement for individualized medications is set to bolster the expansion of the colorectal cancer drugs market in the future. Personalized medicine, or precision medicine, refers to a medical treatment and healthcare approach that factors in unique variations in a patient's genes, environment, and lifestyle. This personalized approach to CRC treatment is revolutionizing care delivery, leading to more personalized and effective patient care. It is expected to persistently fuel the growth of the CRC drugs market as drug development and research increasingly focus on specific genetic and molecular profiles. For example, as reported by the US-based non-profit organization, the Personalized Medicine Coalition, in February 2024, the FDA approved 16 new therapies tailored for patients with rare diseases in 2023. This was a noticeable uptick from only six approvals in 2022. Consequently, the escalating demand for customized medicine serves as a catalyst for the growth of the colorectal cancer drugs market.
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What Trends Will Shape the Colorectal Cancer Drugs Market Through 2029 and Beyond?
Targeted treatments are already showing progress in improving the life expectancy of patients with metastatic Colorectal cancer, as compared to just chemotherapy. This type of treatment includes hormone therapies, gene expression modulators, apoptosis inducers, angiogenesis inhibitors, immunotherapies, signal transduction inhibitors, and toxin delivery molecules. Due to its focus on cancer cells, causing minimal toxicity to non-target cells, targeted therapy is becoming increasingly significant. Opdivo and Keytruda serve as examples of such targeted treatments.
What Are the Main Segments in the Colorectal Cancer Drugs Market?
The colorectal cancer drugs market covered in this report is segmented -
1) By Type: Vascular Endothelial Growth Factor (VEGF) Inhibitors, Epidermal Growth Factor Receptor (EGFR) Inhibitors, Programmed Cell Death Protein 1 Or PD1 Ligand 1 (PD1 Or PDL1) Inhibitors, BRAF Or MEK Inhibitors, Tyrosine Kinase (TKI) Inhibitors, Immunomodulators
2) By Class: Immunotherapy, Chemotherapy, Other Classes
3) By Distribution Channels: Hospitals Pharmacies, Retail Pharmacies, Other Distribution Channels
Subsegments:
1) By Vascular Endothelial Growth Factor (VEGF) Inhibitors: Bevacizumab, Ramucirumab, Other VEGF Inhibitors
2) By Epidermal Growth Factor Receptor (EGFR) Inhibitors: Cetuximab, Panitumumab, Other EGFR Inhibitors
3) By Programmed Cell Death Protein 1 Or PD1 Ligand 1 (PD1 Or PDL1) Inhibitors: Pembrolizumab, Nivolumab, Other PD1 Or PDL1 Inhibitors
4) By BRAF Or MEK Inhibitors: Vemurafenib, Encorafenib, Trametinib, Other BRAF Or MEK Inhibitors
5) By Tyrosine Kinase (TKI) Inhibitors: Regorafenib, Sorafenib, Other TKI Inhibitors
6) By Immunomodulators: Checkpoint Inhibitors, Other Immunomodulating Agents
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Which Top Companies are Driving Growth in the Colorectal Cancer Drugs Market?
Major companies operating in the colorectal cancer drugs market include Pfizer Inc., Merck & Co. Inc., AbbVie Inc., Bayer AG, Novartis AG, Sanofi SA, Bristol-Myers Squibb Company, AstraZeneca plc, Takeda Pharmaceutical Company Limited, F. Hoffmann-La Roche Ltd., Eli Lilly and Company, Amgen Inc., Astellas Pharma Inc., Servier Laboratories, Eisai Co. Ltd., Sumitomo Dainippon Pharma Co. Ltd., Ipsen SA, Taiho Pharmaceutical Co. Ltd., Kyowa Kirin Co. Ltd., Taiho Oncology Inc., Ono Pharmaceutical Co. Ltd., Daiichi Sankyo Company Limited, Otsuka Pharmaceutical Co. Ltd., Mundipharma International Limited, Teva Pharmaceutical Industries Ltd., Gilead Sciences Inc., Johnson & Johnson Services Inc., Spectrum Pharmaceuticals Inc., Exelixis Inc., Seattle Genetics Inc., Incyte Corporation, Clovis Oncology Inc., Karyopharm Therapeutics Inc.
Which Regions Will Dominate the Colorectal Cancer Drugs Market Through 2029?
North America was the largest region in the colorectal cancer drugs market in 2024. The Middle East is expected to be the fastest-growing region in the global colorectal cancer drugs market share during the forecast period. The regions covered in the colorectal cancer drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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