Indian Bone Cancer Market Analysis

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  • Type: Oncology area
  • Published : April 2021
  • Region: Asia
  • Country: India
  • Report ID : 1243

  • Format: PPT, PDF

Indian Bone Cancer Market: Segmented By Diagnosis (Biopsy, Blood Test, Imaging Tests, Radionuclide Bone Sensors), By Therapy (Radiation Therapies, Chemotherapy, Cryosurgery, Surgical Treatment, Targeted Therapy, Immunotherapy) – Growth, Trends, Forecasts. (2019 – 2028)

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Report Overview

Indian Bone Cancer market size stood at USD XX Billion in 2019 and is projected to reach USD XX Billion by 2028, exhibiting a CAGR of XX% during the forecast period.

The Bone Cancer or Gorham-stout syndrome is a rare skeletal disease characterized by progressive osteolysis and the proliferation of lymphatic vessels within the bone which leads to the destruction and absorption of bone. Additionally, the bones affected by the disease are more prone to osteopenia and fracture. Vitamin D deficiency rickets in children and osteomalacia in the mothers are the commonest disorders prevalent in the rural population of India. Bone cancer is a type of cancer that develops in the skeletal system and destroys tissues. It can spread to distant organs such as lungs as well as it can lead to kidney cancer, prostate cancer, and breast cancer, which is also called secondary or metastatic bone cancer. Severe pain in bones it the major and primary symptom of bone cancer, which gets exaggerated with the time. The chemotherapeutic drugs approved for the treatment of bone cancer do not have an effective treatment regime, as it always varies according to the prevailing conditions and the way the patient’s body responds to the drug. The growing occurrence of the disease is the key driver for the growth of the market. Furthermore, current research for the development of the effective therapeutic intervention for the disease treatment is expected to contribute to the growth of the market.

Market Drivers

The growing occurrence of the Bone Cancer is the key driver for the growth of the market. Furthermore, current research for the development of the effective therapeutic intervention for the disease treatment is expected to contribute to the growth of the market. The Bone Cancer Market growth rate is attributed to the rise in prevalence of cancer is generating high demand for effective medications and treatments in the Indian market. Bone cancer can be benign or malignant. Persistent bone pain, lump over bones, and weakness of bones are some of the common symptoms for the disease. If such symptoms remain unchecked, then bone cancer become life-threating. Thus, timely diagnosis and treatment of the disease is crucial. This provides the developmental backgrounds for market growth. From improvement’s made to enhance timely diagnosis and treatment, in order to increase the survival rate to many governmental organizations taking initiatives to increase awareness about bone cancer is anticipated to propel the Bone Cancer Market during the forecast period 2019-2028.

1. Indian Bone Cancer Market Overview…………………………………………..
A. Market Size
2. Market Growth Drivers………………………………………………………………….
A. Rise in Prevalence of Bone Cancer
B. Growing R&D Investments and Reimbursement Policies
3. Major Types of Bone Cancer…………………………………………………..
A. Multiple Myeloma
B. Osteosarcoma
C. Chondrosarcoma
D. Ewing’s Sarcoma
E. Paget’s Disease
4. Bone Cancer Market Segmentation………………………………………………
A. Diagnosis
I. Biopsy
II. Blood Test
III. Imaging Tests
IV. Radionuclide Bone Sensors
B. Therapy
I. Radiation Therapy
II. Chemotherapy
III. Cryosurgery
IV. Surgical Treatment
V. Targeted Therapy
VI. Immunotherapy
5. Bone Cancer Major Drugs Market Share……………………………………..
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………………………..
A. Dr. Reddy’s Laboratories Limited Company overview, Product & Services, Strategies & Financials
B. Lupin Company overview, Product & Services, Strategies & Financials
C. Glenmark Company, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape………………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth……………………………………………………
A. New Trends and Development of Bone Cancer Drugs market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Diagnosis Type:

Based on the diagnosis, the Bone Cancer market is segmented into Biopsy, Blood Test, Imaging Tests, Radionuclide Bone Sensors and Others. The diagnosis of a bone disorder typically involves a thorough history, close observation and examination, and the selective use of x-rays, MRI and laboratory studies.

By Therapy Type:

Based on the treatment, the Bone Cancer market is segmented into Radiation Therapies, Chemotherapy, Cryosurgery, Surgical Treatment, Targeted Therapy, Immunotherapy and Others. The chemotherapy segment held the major share of the market in terms of revenue and is estimated to grow with a CAGR of 4.3%. The reason is attributed to the presence of FDA approved drugs. Chemotherapy of Bone Cancer is believed to rise effectively as researchers are also looking and testing for new chemo drugs, and trying to find better ways to use the drugs.

Major Players

The market is anticipated to display positive signs for market growth in the approaching period. The demographic changes are expected to show a positive effect on the progress of the market. The leverage created by the companies by deploying marketing strategies and activities is further enhancing the expansion of the market. The enhancement of production facilities is expected to motivate the market’s progress. The Major players for Bone Cancer are Dr Reddy’s Laboratories Limited, Ranbaxy Laboratories, Lupin, Torrent Phama, Alembic Pharma and Glenmark.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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