Increasing R&D by the Pharma Companies for New Drug Development is Surging the Market Growth

 The increasing R&D by the pharma companies for new drug development, high prevalence of colorectal cancer, rising government initiative to create awareness among people along with escalating investment by the market players to develop early detection of test kit are some of the major factors projected to fuel the growth of China Colorectal cancer market. Colorectal cancer (CRC) is a major public health concern as it is among the third most common cancer in China after lung cancer. Moreover, surging government initiative by launching various awareness campaign on colorectal cancer, escalating late-stage pipeline therapies and launch of angiogenesis inhibitors by the market player in China for the treatment of colorectal cancer are proliferating the growth of the market in the coming years.

Based on Solution, Diagnosis segment is anticipated to register fastest growth in the China Colorectal Cancer market in 2020 on account of introduction of screening program by the government and pharmaceutical companies to increase the early-stage diagnosis rate and significantly rising case of cancer increasing the demand for diagnosis in the country. Besides this, Chemotherapy therapeutics dominated the therapeutics segment as it is used for the treatment of CRC among patients. Moreover, surging awareness among people along with rise in aging population are impacting the growth of the market.


The key players with a considerable market share in the China Colorectal Cancer market are Amgen China, Bristol-Myers Squibb, Bayer AG, Merck KGaA, Roche (china) Co., Ltd., Eli Lilly and Company, Sanofi China, Taiho Pharmaceutical, Novartis AG, Pfizer Inc. etc.


Comments

Post a Comment

Popular posts from this blog

How Rise in Number of Internet Users Fuels the Growth of the GCC E-Pharmacies Market?

Image
With growing digitalization, more and more people prefer to shop online as the products present on the online platforms are available at a better price along with attractive discount rates. E-pharmacy is an online pharmacy that operates over the internet, where the consumer can buy drugs online and receive the order at their doorstep. The key factor propelling the growth of the e-pharmacy market is the convenience offered by the use of e-pharmacy platforms as the patient can order the prescribed drugs from anywhere and receive them in a short period of time without going anywhere. The GCC E-Pharmacies market is expected to grow at a CAGR of 9% during (2021-26) owing to the rising inclination of both, government as well as consumers towards the e-commerce industry space along with its impressively growing market penetration rate. Ease of use, time, and cost savings are the major factors driving the growth of the market. The outbreak of the COVID-19 pandemic has positively...
Read more

Increasing Inclination of Oncologists and Physician to opt for Non-Invasive Diagnostic Procedures is Anticipated to Propel the Growth of the Global Liquid Biopsy market

The  Global Liquid Biopsy market  is anticipated to upsurge at a high rate owing to the factors such as rising consumption of alcohol and tobacco products, increasing prevalence of cancer cases along with burgeoning preference for non-invasive procedures and escalating funding for liquid biopsy research and development. Moreover, snowballing funding by public and private companies to support research activities, surge in the clinical trials for the development of these tests coupled with robust changing lifestyle of people and increasing inclination of oncologists and physician to opt for non-invasive diagnostic procedures are projected to fuel the growth of the market in the forthcoming years. The COVID-19 pandemic has positive impact on the liquid biopsy market as it surged the demand for liquid biopsy test as it used to improve cancer screening along with introduction of commercialize saliva-based liquid biopsy tests for head and neck cancer, COVID-19. . Get a sample copy o...
Read more

Snowballing Demand for Medical Plastics in the Disposable Medical Products is Anticipated to Propel the Growth of Medical Plastic Converters market

Image
The  Africa Medical Plastic Converters Market  is anticipated to grow at an astronomical rate owing to the factors such as growing awareness among people regarding health and wellness, robust urbanization coupled with burgeoning application of medical plastic converter in surgical equipment, disposable syringes, catheters, microfluid devices, and rising inclination towards cosmeceutical products. Moreover increasing incidence of lifestyle diseases, growing disposable income and surging demand for medical devices and equipment are some of the factors expected to place a significant impact on the growth of the market in the forecast period.   Based on Material,  Die-Cut Adhesive acquired the considerable market share owing to its surging demand in the industries such as in medical, transportation, electronics, aerospace along with  burgeoning demand for cosmeceutical products and escalating use of stick to skin application products such as tapes and bandages,...
Read more