Colorectal cancer, commonly known as colon cancer, rectal cancer, or bowel cancer, is the development of cancerous cells in the colon or rectum, which are the parts of large intestine. These cells are usually malignant in function and have the ability to spread to other organs of the body. The commonly observed symptoms of colorectal cancer are blood in stools, change in the bowel movement, weight loss, and tiredness. Colorectal cancer originates from the epithelial cells, which form the inner lining of colon or rectal of the gastrointestinal tract. Development of cancer occurs due to mutation of APC gene. Sampling of the colon suspicious area during colonoscopy and sigmoidoscopy is used for diagnosis of colorectal cancer. Factors causing colorectal cancer are changing lifestyle, diet rich in red meat and fat, alcohol consumption, smoking, obesity, less intake of water, and lack of physical activity. Genetic predisposition is a lesser known cause for colorectal cancer. Management of colorectal cancer depends upon the stage at which it is detected. If detected in early stage, surgery proves curative and if in late stage, chemotherapy is also necessary along with surgery. Treatment of colorectal cancer depends upon the stage of the cancer. In stage 0, the cancer cells are limited to lining of the colon. Stage I cancer cells grow up to colon wall. Stage II cancer grows through the wall of the colon and spreads into the tissues. Stage III cancer cells spread to nearby lymph nodes and at stage IV cancer spreads to the nearby tissues and organs.
The growing awareness about the disease, early detection and treatment as enhanced the growth of colorectal cancer therapies. Moreover, government initiatives to eradicate cancer and free or low cost treatment at government hospitals have made treatment options accessible to people. However, factors such as lack awareness about cancer, no early detection and cultural difference are few restraints seen in the growth of colorectal colon cancer therapeutics market.
The global colorectal colon cancer therapeutics market can be segmented based on route of administration of chemotherapy drug, classification of chemotherapeutic drug, and end-user. In terms of route of administration of chemotherapy drug, the market can be classified into systemic chemotherapy (drug is injected into vein or taken orally), regional chemotherapy (drug injected in artery directly leads to the part of the tumor), and hepatic artery infusion chemotherapy (drug is directly given into hepatic artery and used in cases where the cancer has spread). Based on classification of chemotherapeutic drug, the global colorectal colon cancer therapeutics can be segmented into 5-fluorouracil, capecitabine, irinotecan, oxaliplatin, trifluridine, and tipiracil. In terms of end-user, the market can be divided into hospitals, day care centers, government institutions and research laboratories.
In terms of region, the global colorectal colon cancer therapeutics market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global colorectal colon cancer therapeutics market, as the number of cases with colorectal cancer are increasing in the region. The colorectal colon cancer therapeutics market in Asia Pacific is expected to grow at a rapid pace in the next few years. The market in China and India is expected to expand at a high growth rate due to increase in population and the presence of number of factors favoring for the development of colorectal cancer. In Latin America, increase in the number of cases with colorectal cancers is due to lack of early diagnosis and prevention initiatives, hence Latin America also is a potential market for the growth of colorectal colon cancer therapeutics market. Prevalence of colorectal cancer is higher among patients aged below 40 years in Middle East & Africa. The market in the region is expected to witness moderate growth in the next few years.
Top players in the global colorectal colon cancer therapeutics market include Bayer Healthcare, Bristol-Myers Squibb, Merck, Inc., F. Hoffmann-La Roche AG, Eli Lilly and Company, and Taiho Pharmaceuticals.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.