Colorectal Cancer Market Analysis by Latest Trends, Future Growth, Revenue and Demand 2027 - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • Health/Employee Benefits
    • Insurance Webinars
    • Life Insurance News
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Video
    • Washington Wire
  • Exclusives
  • NewsWires
  • Magazine
  • Free Newsletters
Sign in or register to be an INNsider.
  • INN Exclusives
  • Life Insurance News
  • Annuity News
  • Health/Employee Benefits
  • Property and Casualty
  • AdvisorNews
  • Washington Wire
  • Regulation News
  • Sponsored Articles
  • INN Exclusives
  • NewsWires
  • Magazine
  • Insider Pro
  • ★ Free Newsletters
  • About
  • Advertise
  • Editorial Staff
  • Contact
  • Newsletters

Get Social

  • Facebook
  • Twitter
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
March 10, 2022 Newswires No comments
Share
Share
Tweet
Email

Colorectal Cancer Market Analysis by Latest Trends, Future Growth, Revenue and Demand 2027

EIN Presswire
the insight partners - logo

the insight partners - logo

Growing Applications of Colorectal Cancer in Healthcare to Drive Colorectal Cancer in Healthcare Market Growth

NEW YORK, UNITED STATES, March 10, 2022 /EINPresswire.com/ -- According to The Insight Partners market research titled 'Colorectal Cancer Market Forecast to 2027 – Global Analysis and Forecasts by Modality, and End User'. The global Colorectal Cancer market is anticipated to reach US$ 22,953.8 Mn in 2027 from US$ 16,339.9 Mn in 2018. The market is anticipated to grow with a CAGR of 4.0% from 2019-2027. The report provides the trends prevailing in the global colorectal cancer market and the factors driving the market along with those that act as hindrances.

Colorectal cancer is also known as bowel cancer, colon cancer, or rectal cancer. This type of cancer is the second leading cause of death in women and third in men. Colorectal cancer may be benign, or non-cancerous, or malignant. The symptoms shown by the patients who have colon cancer include changes in bowel habits, diarrhea or constipation, blood in stools that make it look black. Colorectal cancer can be treated with chemotherapy, radiotherapy, and surgery. The growth of the Colorectal Cancer in healthcare market is attributed to the increasing prevalence of colorectal cancer, new product launches and benefits offered by generic drugs are boosting the market over the years. Also, the growing pharmaceutical industry emerging markets in developing countries are likely to have a positive impact on the growth of the market in the coming years.

Downlad sample PDF Copy along with Table of Content at: https://www.theinsightpartners.com/sample/TIPRE00006881/

The leading companies operating in the colorectal cancer market include Epigenomics AG, Novigenix SA, Clinical Genomics Technologies Pty Ltd., EDP Biotech Corporation, Volitionrx Limited, Abbott Laboratories, Amgen Inc., F. Hoffmann-La Roche AG, Bruker Corporation, Quest Diagnostics Incorporated, Natera, Inc., and Guardant Health, Inc among others. The market has observed various organic as well as inorganic developments during recent years in the colorectal cancer market. For instance, in October, 2019, Novigenix announced that Helsana, the leading health insurance provider in Switzerland has approved offering coverage for reimbursement for the Colox, a liquid biopsy test for early detection of colorectal cancer.

The global colorectal cancer market, based on the modality, is segmented into diagnosis type, therapy type, and imaging type. In 2018, the diagnosis type segment held the largest market share of the colorectal cancer market. This segment is also projected to dominate the market in 2027 as it emphasizes the need for early recognition of neoplasms, or in the asymptomatic or pre-cancerous stage.

The market for colorectal cancer is expected to grow, owing to factors such as increasing prevalence of colorectal cancer, new product launches and benefits offered by generic drugs. Moreover, growing pharmaceutical industry in emerging economies is likely to have a positive impact on the growth of the market in the coming years.

The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years.

Speak to Analyst at: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00006881

Colorectal cancer is one of the commonly found and lethal cancers which is developed in an individual with the combined influence of genetic and environmental factors. Additionally, according to the World Health Organization (WHO), colorectal cancer was the third most prevalent form of cancers, with approximately 1.80 million cases around the world in 2018, excluding skin cancer. The rates of colorectal cancer mortality and incidence vary across the globe as per the reports by WHO’s cancer database GLOBOCAN. The GLOBOCAN reports approximately 861,000 deaths in 2018 due to colorectal cancer.

The colorectal cancer is found among the significant population in the North American regions. For instance, according to the Centers for Disease Control and Prevention (CDC) and American Cancer Society, an estimated 145,600 adults in the United States were diagnosed, and 51,020 deaths were reported with colorectal cancer in 2018. The trend of the high presence of cancer is also similar in European countries. For instance, according to Cancer Research UK, deaths from bowel/colorectal cancer in the UK between 2015 and 2017 were reported to be 16,272. Moreover, the data also suggests approximately 42,000 new bowel cancer cases in the UK every year, which are more than 110 patients each day.

Generic drugs are alternatives of branded drugs. The pharmacological effects of generic drugs are similar to their branded counterparts. Generic drugs are cost-effective as the manufacturers does not invest in the development and marketing a new drug. After the expiry of a drug patent, other manufacturers apply for FDA approval of a generic intended for its manufacturing and selling. Thus, the generic drugs are cheaper than their branded counterparts. The generic drug have exactly the same dosage, effects, side effects, route of administration, risks, safety, and strength as that of the original branded drugs.

Similarly, June 2018, CellMax Life, one of the leading cancer diagnostics company launched Zenith, a U.S. clinical study for the CellMax Life's unique expertise in circulating tumor cells (CTC) intended for the diagnosis of colorectal cancer and others. Thus, the constant developments in colorectal cancer diagnostics and therapeutics are expected to accelerate the market growth during the forecast period.

Order a Copy of colorectal cancer Market Share, Strategies and Forecasts 2021-2027 Research Report at: https://www.theinsightpartners.com/buy/TIPRE00006881/

Press Release: https://www.theinsightpartners.com/pr/colorectal-cancer-market
More Research: https://eclecticnortheast.in/author/theinsightpartners/

Sameer Joshi The Insight Partners
+91 96661 11581
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn


Older

Senior Life Launches New AgentSync Powered Agent Portal Enabling Agent Onboarding in Minutes

Newer

Anthem Corporate Rebranding To Elevance Health

Advisor News

  • SEC says owner of Illinois strip mall fleeced his investors of millions
  • Layin' It on the Line: Emerging trends in retirement income planning
  • Relationship status influences women’s financial behaviors and mindsets
  • Americans are withdrawing retirement funds early to make ends meet
  • Supreme Court takes up meaning of ‘income’; decision could impact taxes
More Advisor News

Annuity News

  • Trade groups oppose NASAA’s proposed changes to annuities regulation
  • DOL fiduciary proposal applies ‘major hammer’ to bad advice, panel says
  • RILAs fuel strong third-quarter annuity sales, LIMRA reports
  • Structured annuity sales soar higher in strong Q3 market, Wink reports
  • Global Atlantic closes $19 billion reinsurance agreement with MetLife
Sponsor
More Annuity News

Health/Employee Benefits News

  • Indiana tackles health care costs but more to be done, advocates say
  • A proposal to fix Medicaid
  • Goodbye to Martha and Medicare Advantage
  • Employers face complications after ruling on copay accumulator programs
  • Long-term care insurance: What will it take to revitalize the marketplace?
More Health/Employee Benefits News

Life Insurance News

  • Life insurance sales take a dive in the third quarter, Wink reports
  • Global life insurance 2024 outlook stable as higher rates offset weaker revenue
  • Life insurance activity flat in November, up for the year, MIB reports
  • NAIFA members advocate for access to financial service professionals
  • 58% of life insurers use artificial intelligence or are interested: NAIC survey
More Life Insurance News

- Presented By -

Top Read Stories

  • 58% of life insurers use artificial intelligence or are interested: NAIC survey
  • Regulators adopt AI bulletin for insurers after final debate over ‘bias’
  • A Taxing Problem: Many tax policy changes slated for 2024
  • Where did Social Security come from?
  • Little progress for regulators on LTC rate review standard
More Top Read Stories >

Press Releases

  • Insurity’s AI Resolves 75% of Policyholder Needs Without a Live Agent, Setting New Standard in P&C Insurance Customer Support
  • InsuredHQ Powers Ivory Insurance’s Entry into the Australian Market
  • Swiss Re Corporate Solutions Named “Digital Experience Champion” Award Recipient at Excellence in Insurance, Sponsored by Insurity
  • Datos Insights Recognizes Insurity as a Dominant Provider of MGA Solutions
  • AuguStar Life℠ Selects iPipeline® to Help Strengthen its Digital Transformation Journey and Improve the Agent Experience
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance Webinars
  • Life Insurance News
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2023 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • AdvisorNews

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet