The colorectal cancer market in Europe is expected to grow from US$ 4,627.82 million in 2022 to US$ 5,819.96 million by 2028; it is estimated to grow at a CAGR of 2.9% from 2022 to 2028.
The market for colorectal cancer is ascribed to frequent diagnostic tests and new drug launches. Many major market players are involved in manufacturing a wide range of drugs and diagnostic tests that help in reducing the burden of colorectal cancer. For instance, in June 2021, Bristol Myers Squibb announced the approval of Opdivo plus Yervoy by the European Commission (EC) for the treatment of adult patients with microsatellite instability-high (MSI-H) metastatic colorectal cancer. Also, in September 2019, Lupin, an Indian pharmaceutical company, partnered with Boehringer Ingelheim, a German-based pharmaceutical company, for the development of cancer drugs. The companies collaborated to develop and commercialize a drug based on the MEK inhibitor. The molecule is likely to target specific cancer cells and treat patients suffering from stomach and skin cancer. In June 2019, Pfizer, Inc. launched ZIRABEV, a biosimilar to Avastin that helps in the treatment of five cancers, including colorectal cancer. Thus, the constant developments and new product launches in colorectal cancer diagnostics and therapeutics are driving the colorectal cancer market growth in Europe.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe colorectal cancer market at a substantial CAGR during the forecast period.
The Europe colorectal cancer market is segmented into modality, end user, and country. Based on modality, the Europe colorectal cancer market is segmented into diagnosis type, therapy type, and imaging type. In 2022, the diagnosis type segment held the largest market share and is expected to register the highest CAGR during the forecast period. Based on end user, the Europe colorectal cancer market is bifurcated into hospitals and diagnostic & research laboratories. In 2022, the hospitals segment held a larger market share. Based on country, the Europe colorectal cancer market is segmented into France, Germany, Italy, Spain, the UK, and the Rest of Europe. The Rest of Europe held the largest market share in 2022.
Abbott, Amgen Inc., Bruker Corporation, EDP Biotech Corporation, Epigenomics AG, F. Hoffmann-La Roche AG, Quest Diagnostics, and VolitionRx Limited are among the leading companies operating in the Europe colorectal cancer market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 4,627.82 Million |
| Market Size by 2028 | US$ 5,819.96 Million |
| CAGR (2022 - 2028) | 2.9% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Modality
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Colorectal Cancer Market is valued at US$ 4,627.82 Million in 2022, it is projected to reach US$ 5,819.96 Million by 2028.
As per our report Europe Colorectal Cancer Market, the market size is valued at US$ 4,627.82 Million in 2022, projecting it to reach US$ 5,819.96 Million by 2028. This translates to a CAGR of approximately 2.9% during the forecast period.
The Europe Colorectal Cancer Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Colorectal Cancer Market report:
The Europe Colorectal Cancer Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Colorectal Cancer Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Colorectal Cancer Market value chain can benefit from the information contained in a comprehensive market report.
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