Witness Strongest Growth With CAGR of 12.2% in India Cancer Treatment Drugs Market

Witness Strongest Growth With CAGR of 12.2% in India Cancer Treatment Drugs Market During 2023-2028


India Cancer Treatment Drugs Market Report: Complete Analysis of the Market Outlook to 2028

A recent research study by MarkNtel Advisors cites that the India Cancer Treatment Drugs Market Size, Share, Analysis, and Trends experienced notable growth in previous years and forecasts indicate around 12.2% compound annual growth rate (CAGR) for the market during 2023-28.

The report covers the major factors influencing its growth, drivers, restraints, opportunities, challenges, along with recent developments innovations that have contributed to the market expansion in the historical period, i.e., 2018-21.

It further presents a competitive landscape, which includes the leading players operating in the India Cancer Treatment Drugs Industry, their recent product launches innovations, along with the key strategies adopted by them to stay ahead in the competition. Additionally, the report explains the India Cancer Treatment Drugs Market through different segments/sub-segments, and regions/countries, suggesting opportunistic areas for stakeholders to tap upon.

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Scope of the India Cancer Treatment Drugs Market Report: Key Points Covered

  • India Cancer Treatment Drugs Market size share forecast for various segments regions
  • Analysis of the major factors influencing the India Cancer Treatment Drugs Market growth, which include drivers, restraints, opportunities, challenges
  • Comprehensive overview of the value chain of the India Cancer Treatment Drugs Market trends using Porter's five forces model
  • Information on high-growth segments in the India Cancer Treatment Drugs Market to present opportunities to stakeholders
  • Insights into joint ventures, mergers acquisitions, recent product launches developments in the India Cancer Treatment Drugs Market

Key Driver: Numerous Schemes Encouraging Affordable and Effective Cancer Diagnosis Treatment

Cancer treatment has been one of the main focal areas of the Pradhan Mantri Jan Arogya Yojana in order to protect the beneficiaries from the catastrophic costs of cancer treatment. The delivery of services under the Ayushman Bharat Health and Wellness Centers (AB-HWCs) includes screening for three common malignancies, including oral, breast, and cervical cancers and other common non-communicable diseases.

Along similar lines, The National Pharmaceutical Pricing Authority (NPPA), which is part of the Ministry of Chemicals and Fertilizers, released a list of 390 non-scheduled anti-cancer medications in 2019 with MRP reductions of up to 87%. This action helped 22 lakh cancer patients in the nation and would save consumers about Rs. 800 crores annually. Following a decade of caution and organic growth, Indian pharmaceutical businesses are currently on an acquisition binge. And cancer medications seem to be their primary focus, thus driving the drug industry in the long run.

Possible Restraint: Significant OPP(Out-Of-Pocket) Expenditure in Private Health Care System

With substantially higher expenditure demonstrated by the private sector, access to drugs such as trastuzumab, rituximab, and bortezomib has been restricted by rising catastrophic spending. According to the research funded by the National Institute for Health Research (NIHR), India Institute of the University of Birmingham, and the Global Challenges program of the University of Birmingham, the government funds only encompass a quarter to a third of cancer treatment cost, compelling patients to make out-of-pocket expenditure ranging from 19,494 to 295,679 Indian Rupees (INR) based on the cancer type.

Since OPP payments include cost-sharing, self-medication, and other expenditure borne directly by a patient and are not fully covered under the insurance, the burden for health goods and services folds, which might influence the industry negatively in the coming years.

Top Competitors in the India Cancer Treatment Drugs Market: Detailed Analysis

In this section, the top players in the India Cancer Treatment Drugs Market have been identified by comparing their revenues, resources, product portfolio, market share, key initiatives, and recent launches, among other aspects associated with the industry.

India Cancer Treatment Drugs Market leaders, are the following:

- Amgen

- Astellas Pharma Inc.

- AstraZeneca

- Bayer

- Bristol-Myers Squibb Company

- Cipla

- F. Hoffmann- La- Roche

- Merck KGaA

- Natco Pharma

- Novartis AG

- Pfizer

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often participate in joint venture programs resource sharing in order to achieve their respective objectives efficiently. Their financials, RD investments, strengths, weaknesses, among other findings, all have been carefully validated through Porter's five forces analysis.

India Cancer Treatment Drugs Market: Opportunistic Segments and Regions/Countries

The report delves into the dynamic landscape of the India Cancer Treatment Drugs Market, covering the major aspects driving its growth across different segments/sub-segments and regions/countries to help stakeholders achieve market positioning and identify their target audience revenue strategies. The industry is derived on the basis of the following:

By Treatment Type

- Chemotherapy

- Targeted Therapy

- Immunotherapy

- Hormonal Therapy

- Other Treatment Types

By Drug Class

- Cytotoxic Drugs

- Targeted Drugs

- Hormonal Drugs

- Others

By Type

- Blood Cancer

- Breast Cancer

- Colorectal Cancer

- Cervical Cancer

- Prostate Cancer

- Gastrointestinal Cancer

- Gynecologic Cancer

- Non-Hodgkin’s Cancer

- Respiratory/ Lung Cancer

- Stomach Cancer

- Other Cancers

By End-Users

- Hospitals

- Specialty Clinics

- Cancer and Radiation Therapy Centers

At the geographic level, the India Cancer Treatment Drugs Market spans across:

- North

- West

- South

- East

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India Cancer Treatment Drugs Market Report: Key Questions Answered

  • What would be the CAGR of the India Cancer Treatment Drugs Market during 2023-28?
  • What are the major regions/countries projected to offer remunerative opportunities to the India Cancer Treatment Drugs Market?
  • Who are the leading competitors in the India Cancer Treatment Drugs Market, and how are they shaping the market growth?
  • Which segments/sub-segments would account for the major share of the India Cancer Treatment Drugs Market during 2023-28?
  • What are the latest trends in the India Cancer Treatment Drugs Market, and how are they impacting the industry’s growth trajectory?

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Note: The India Cancer Treatment Drugs Market research report can be customized as per the specific requirements of clients, providing them with comprehensive valuable insights at various levels. This personalized approach enables them to understand the market's true potential, create effective strategies, and make informed decisions to stay ahead of the competition.

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.

Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

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