Colorectal Cancer Diagnostics and Therapeutics Market: Global Industry Growth, Market Share and Forecast 2018-2023


Posted September 30, 2019 by pranshusingh

The Global Colorectal Cancer Diagnostics And Therapeutics Market are projected to grow significantly over the forecast period.

 
The Global Colorectal Cancer Diagnostics And Therapeutics Market are projected to grow significantly over the forecast period. The increasing number of baby boomers coupled with increasing awareness for early detection and treatment of cancer and the rising prevalence of colorectal cancer are expected to drive the market growth. Several factors that drive the global market include rising prevalence of colorectal cancer, change in the lifestyle of people such as lack of physical activity, consumption of alcohol, smoking and consumption of tobacco, inadequate diet, and rising geriatric population. Lack of physical activity along with inappropriate diet lead to obesity. Obesity is one of the prevailing reasons leading to colorectal cancer. Almost 40% adults aged between 40 to 60 years and above suffer from obesity.

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Colorectal cancer has the highest prevalence rate in this age group, especially 60 and above. Other than this increasing interest and investment from private and government bodies, rising awareness amongst individual regarding colorectal cancer has led to a greater number of people opting for colorectal cancer screening and diagnosis. More advanced therapies are being developed to treat colorectal cancer. There have been numerous incidences of recurrence of cancer after the surgeries. Hence, physicians are opting for heated intraperitoneal chemotherapy to remove the last remaining cancer cell.
Colorectal cancer is one of the most occurring human malignant neoplasms. According to the American Cancer Society, there were over 39,000 new cases of rectal cancer and 95,000 cases of colon cancer, diagnosed in the US in 2017. Around 4.2% of women and 4.6% of men are estimated to be diagnosed with colorectal cancer in their lifetime. As a result of rising colorectal cancer incidence rates, significant initiatives have been taken by governments and various healthcare organizations across the globe, which have fueled the colorectal diagnostics and therapeutics market.

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Moreover, the rising demand for cost-effective and rapid cancer diagnostic tests has led to increasing R&D investment by market players and government to satisfy growing demand. Favorable initiatives undertaken by the government to create disease awareness and control disease occurrence rate will positively impact market growth. However, the excessive cost associated with current oncology detecting products and risk of radiations exposure could impede the colorectal cancer diagnostics and therapeutics market over the coming years.

Current Market Trends Covered in the market report:
• Increasing Cases of Colorectal Cancer Demanding for Advanced Diagnostics and Therapeutics
• Technological Advancements in Overall Healthcare Diagnostics and Therapeutics
• Increasing Investments in R&D for Developing Advanced Diagnostics and Therapeutics
• North America to Lead the Market
• Numerous Product Launches
Global Colorectal Cancer Diagnostics and Therapeutics Market - Segmentation
By Application
• Adenocarcinomas
• Carcinoid Tumors
• Lymphomas
• Sarcomas
• Gastrointestinal Stromal Tumors (GISTS)
By Treatment
• Surgery
• Radiation Therapy
• Chemotherapy
• Targeted Therapy
• Immunotherapy
By Diagnostics
• Digital Rectal Examination
• Fecal Occult Blood Test
• Flexible Sigmoidoscopy
• Colonoscopy
• Others
By End-User
• Multispecialty Hospitals
• Cancer Research Centers

Global Colorectal Cancer Diagnostics and Therapeutics Market – 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
• Middle East & Africa
• Latin America

A full report of Colorectal Cancer Diagnostics and Therapeutics Market is available at: https://www.omrglobal.com/industry-reports/colorectal-cancer-therapeutics-market

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Orion Market Research (OMR) is an Indian research company known for its crisp and concise reports. The company is equipped with an experienced team and young brigade of analysts. The company provides quality syndicated research reports, customized research reports, company profiling, consulting and other research-based services.

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Last Updated September 30, 2019