By 2030, it is anticipated that the India liver cancer therapeutics market will reach a value of $238.4 Mn from $53.3 Mn in 2022, growing at a CAGR of 20.6% during 2022-30. The liver cancer therapeutics in India is dominated by a few domestic pharmaceutical companies such as Dr. Reddy's Laboratories, HCG Hospitals, and Natco Pharma. The liver cancer therapeutics market in India is segmented into different types of cancer and different therapy type. Some of the major factors affecting this market are the growing prevalence of liver cancer and the high cost and side effects related to certain liver cancer therapies.
By 2030, it is anticipated that the India liver cancer therapeutics market will reach a value of $238.4 Mn from $53.3 Mn in 2022, growing at a CAGR of 20.6% during 2022-2030.
India is a lower middle-income, developing country located in Southern Asia bordering the Arabian Sea and the Bay of Bengal. Liver or Hepatocellular cancers account for around 6% of all gastrointestinal cancers diagnosed in India as a result of alcohol addiction. According to the most recent WHO data, 30,369 people died from liver cancer in India in 2020, accounting for 0.36 % of all fatalities. With an age-adjusted death rate of 2.67 per 100,000 population, India ranks 175th in the world.
Liver cancer is a rising healthcare issue in India, with the number of cases increased significantly over the last several decades. The condition affects men more than women and is most typically diagnosed in adults aged 40 and up. In 2020, India's government spent 3% of its GDP on healthcare.
Market Growth Drivers
The Indian market for liver cancer therapies is predicted to increase significantly over the forecast period. One of the primary growth drivers is an increase in the incidence of liver cancer caused by risk factors such as hepatitis B and C, non-alcoholic fatty liver disease, and alcoholic liver disease. A growing geriatric population, changing lifestyles, and increased awareness about cancer screening and treatment choices are further driving growth in the Indian liver cancer treatment market.
Market Restraints
Many patients in India, particularly in rural regions, have limited access to healthcare services. This can make it difficult for them to receive prompt and efficient liver cancer treatment. Adherence to regulatory guidelines established by organizations such as India's Central Drugs Standard Control Organization is required while developing new medications and therapies (CDSCO). These factors may deter new entrants into the India Liver Cancer Therapeutics market.
Key Players
February 2023: Dr. Reddy's Laboratories SA, a wholly-owned subsidiary of Dr. Reddy's Laboratories Ltd., announced the signing of a formal deal to purchase Mayne Pharma Group Limited's U.S. generic prescription product portfolio. The acquisition will provide limited competition products to Dr. Reddy's retail prescription pharmaceutical business in the United States. It also helps Dr. Reddy's efforts to speed and increase patient access to cheap pharmaceuticals.
In India, the regulatory body responsible for approving liver cancer therapeutics is the Central Drugs Standard Control Organization (CDSCO), which is under the Ministry of Health and Family Welfare. The reimbursement of liver cancer therapeutics in India is largely determined by the national health insurance system, which is managed by the Ministry of Health and Family Welfare.
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Type (Revenue, USD Billion):
By Treatment (Revenue, USD Billion):
By Equipment (Revenue, USD Billion):
By Route of Administration (Revenue, USD Billion):
By End User (Revenue, USD Billion):
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