Technavio Says the Prevalence of Colorectal Cancer Will Drive the Global Colorectal Cancer Drugs Market Through 2019

LONDON–(BUSINESS WIRE)–Technavio, a tech-focused research firm, has published a new report on the global colorectal cancer drugs market, which is expected to grow at a CAGR of nearly 4% from 2015-2019.

The new industry analysis report highlights the growing prevalence of colorectal cancer, which is increasing worldwide. It is ranked as the third most common type of cancer in North America, irrespective of gender.

“According to the Canadian Cancer Society, colorectal cancer affected more than 24,400 people in the country in 2014, and about 9,300 Canadians succumbed to the disease. The number of treatment-seeking patients is expected to increase, which will lead to a rise in the consumption of the drugs through the forecast period,” says Faisal Ghaus, Vice President of Technavio.

The new Technavio report also emphasizes the introduction of biologics that are rapidly becoming the treatment of choice for colorectal cancer. Biologics are targeted therapies, which act only on the malignant cells and do not attack the healthy cells.

“The major biologics used for treating colorectal cancer include Erbitux (cetuximab), Zaltrap (ziv-Aflibercept), Avastin (bevacizumab), and Vectibix (panitumumab),” says Ghaus.

Technavio currently has more than 3000 market research reports on a huge range of topics, including:

About Technavio

Technavio is a leading global technology research and advisory company.

Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Source: Business Wire Health