Summary
GBI Research, the
leading business intelligence provider, has released its latest research,
"Colorectal Cancer Therapeutics in Asia-Pacific Markets to 2020 - Improved
Regional Healthcare Access to Drive Uptake of High-Cost Targeted
Therapies", which provides in-depth insights into the indication. It gives
an estimation of market size for 2013 along with forecasts until 2020 for the
Asia-Pacific (APAC) region, which comprises Australia, China, India and Japan.
It also covers disease
epidemiology, treatment algorithms, treatment patterns, in-depth analysis of
clinical trials including failure rates and pipeline analysis, and analysis of
deals relevant to Colorectal Cancer (CRC). The market in the APAC region was
worth an estimated $1.9 billion in 2013 and is expected to grow at a Compound
Annual Growth Rate (CAGR) of 6.5% to $1.9 billion in 2020.
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Report: http://www.radiantinsights.com/research/colorectal-cancer-therapeutics-in-asia-pacific-markets-to-2020-improved-regional-healthcare-access-to-drive-uptake-of-high-cost-targeted-therapies
The use of targeted
therapies is expected to increase in the Asia-Pacific (APAC) markets (for the
purposes of this report, APAC refers to Australia, China, India and Japan
only), as patient access to these more expensive agents improves. The moderate
uptake of late-stage pipeline products panitumumab and Xilonix, following their
expected approval, is expected to drive additional growth within this market.
Others such as ramucirumab, TAS-102, TS-1, MelCancerVac will also contribute.
An increasingly aging
population and a year-on-year increase in the number of incident cases will
provide an additional boost. However, the recent implementation of a price
ceiling on essential drugs in India; anticipated pricing restrictions in China;
and low access, penetration and price erosion due to generic dominance,
especially in India, stand to curtail the APAC CRC market.
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