Colorectal cancer drugs refer to pharmaceutical treatments developed to prevent, manage, or cure cancer that begins in the colon or rectum. These drugs include various therapeutic approaches designed to target cancer cells, slow disease progression and improve survival rates. They play a crucial role in reducing the global burden of colorectal cancer by enhancing patient outcomes.
The global colorectal cancer drugs market reached a value of nearly $12,951.67 million in 2024, having grown at a compound annual growth rate (CAGR) of 6.74% since 2019. The market is expected to grow from $12,951.67 million in 2024 to $16,885.59 million in 2029 at a rate of 5.45%. The market is then expected to grow at a CAGR of 5.37% from 2029 and reach $21,935.16 million in 2034.
Rising Clinical Trial Activity In Pharma
During the historic period, the colorectal cancer drugs market was mainly driven by the rising clinical trial activity in pharma. An increasing number of clinical studies were registered annually, reflecting a surge in research and development efforts across various therapeutic areas. This uptick in clinical trial activity is indicative of a robust pipeline of potential therapies, signaling a dynamic and expanding pharmaceutical landscape. The growing number of clinical trials also underscores the industry's commitment to advancing medical science and addressing unmet patient needs. Moreover, the expansion of clinical trial activities has fostered greater collaboration among research institutions, healthcare providers and regulatory bodies, enhancing the overall efficiency and effectiveness of the drug development process. For example, according to ClinicalTrials.gov, a US-based government-supported database of clinical studies, in 2023, the Americas had approximately 11,974 registered clinical trials, representing 12.06% of the total trials globally. Therefore, the rising clinical trial activity in pharma significantly contributed to the growth and development of the colorectal cancer drugs market during the historic period.
Biosimilar Innovations Enhancing Accessibility And Reducing Costs In Colorectal Cancer
Companies operating in the colorectal cancer drugs market are developing biosimilars to expand treatment accessibility, lower overall therapy costs and provide affordable alternatives to high-priced biologics, while maintaining equivalent safety, efficacy and quality to the reference drugs. Biosimilars also aim to increase patient adherence by reducing financial barriers and to enable broader adoption of standard-of-care therapies in regions with constrained healthcare budgets. For example, in April 2025, Biocon Biologics, an India-based biopharmaceutical company, received approval from the Food and Drug Administration, a US-based federal agency, for Jobevne, a bevacizumab biosimilar indicated for the treatment of metastatic colorectal cancer and other cancers. Jobevne is a biosimilar to Avastin and demonstrates comparable safety, efficacy and quality, while providing a lower-cost alternative that can improve patient access and affordability. It can be used in combination with chemotherapy regimens for metastatic colorectal cancer, supporting broader adoption of standard-of-care therapies, particularly in markets with constrained healthcare budgets.
The global cs market is concentrated, with large players operating in the market. The top ten competitors in the market made up to 47.10% of the total market in 2024.
Colorectal Cancer Drugs Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global colorectal cancer drugs market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for colorectal cancer drugs? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The colorectal cancer drugs market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider colorectal cancer drugs market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics: - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by cancer type, by class and by distribution channel.
- Key Trends: - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis And Strategic Analysis:- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size And Growth: - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis: - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation: - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by cancer type, by class and by distribution channel in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size And Growth: - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape: - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies:- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking: - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard: - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions: - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments:- Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for colorectal cancer drugs providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix:- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Cancer Type: Colorectal Adenocarcinoma; Gastrointestinal Carcinoid Tumors; Other Cancer Types
- 2) By Class: Targeted Therapy; Immunotherapy; Chemotherapy; Other Classes
- 3) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Other Distribution Channels
- Companies Mentioned: Merck & Co. Inc.; Amgen Inc.; Bristol-Myers Squibb; F. Hoffmann-La Roche Ltd.; Eli Lilly & Company.
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; colorectal cancer drugs indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.