DUBLIN, July 12, 2022 /PRNewswire/ — The “Colorectal Cancer Drugs Global Market Report 2022, Type, Distribution Channels, Class” report has been added to ResearchAndMarkets.com’s offering.
The global colorectal cancer drugs market is expected to grow from $12.77 billion in 2021 to $13.6 billion in 2022 at a compound annual growth rate (CAGR) of 6.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $16.43 billion in 2026 at a CAGR of 4.9%.
North America was the largest region in the colorectal cancer drugs market in 2021. Middle East is expected to be the fastest growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The number of colorectal cancer worldwide has been increasing. According to the American Cancer Society (ACS), there were around 101,420 new cases of colon cancer and around 44,180 new cases of rectal cancer registered in the USA in 2019. The diagnosed incident cases of colorectal cancer are expected to increase by 27.3% to 672,400 cases by 2037. The reason for this increase can be attributed to factors such as low-fiber diet, obesity, consumption of alcohol…
