Colorectal Cancer Market Synopsis
The colon and rectum belong to our body's digestive system - together they are also known as the large bowel. Colorectal cancer is cancer that starts in the colon or rectum. Colorectal cancer (CRC), also known as bowel cancer and colon cancer. The colon absorbs water and nutrients from the food and stores waste matter (stool). Stool moves from the colon into the rectum before it leaves the body. Each year, around 5,000 Saudis are diagnosed with having cancer, such as colon cancer and breast cancer. Middle-East and Africa Colorectal Cancer market is growing steadily. The market is growing at the CAGR of 1.8% and expected to reach to US$ 0.90 billion by 2022.
The factors favoring the market expansion in the markets include developments in the healthcare sector, rising healthcare expenditure, adoption of latest technologies, etc. However, the African regions exhibit sluggish and limited growth due to lack of awareness, underdeveloped healthcare facilities, restricted technological penetration, etc.
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The initiatives undertaken by the national and international bodies to provide medical facilities in the underprivileged regions are likely to augur well for the Middle East and Africa colorectal cancer market players.
By type, Middle East and Africa colorectal cancer market is segmented into Adenocarcinomas, Carcinoid tumors, Gastrointestinal stromal tumors (GISTs), Lymphomas, Sarcomas, and others.
By diagnosis, the colorectal cancer market has been segmented into Faecal Occult Blood Test, Colonoscopy, Virtual Colonoscopy, Stool DNA test, Digital Rectal Examination, Flexible Sigmoidoscopy, Biopsy, Magnetic resonance imaging (MRI), and Others.
By treatment type, the Middle East and Africa colorectal cancer market is segmented into Surgery, Radiation Therapy, Chemotherapy, targeted drug therapy, and others.
Market Key Players:
Some of the key players profiled in the report are
Study Objectives of Middle-East and Africa Colorectal Cancer Market:
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The U.A.E. is expected to lead the Middle East and Africa colorectal cancer market during the forecast period. The growth is attributable to the developed healthcare sector, increasing awareness about colorectal cancer, rising healthcare expenditure, etc. Saudi Arabia is likely to remain highly lucrative market over the next couple of years. The developments in the healthcare sector coupled with increasing investments are poised to have a positive influence on the proliferation of the Middle East and Africa colorectal cancer market.
Meanwhile, Egypt is prognosticated to exhibit steady growth throughout the projection period. Rest of the regions in Middle East and Africa are forecasted to witness limited growth. The slow pace of growth in the region can be ascribed to the poor socio-economic condition, lack of awareness about colorectal cancer, limited technological penetration, underdeveloped healthcare sector, etc. However, the development initiatives undertaken by the United Nations and other similar bodies for uplifting the healthcare scenario in the region is estimated to have a positive impact on the colorectal cancer market growth in the region.
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