By 2030, it is anticipated that the Indonesia liver cancer therapeutics market will reach a value of $64.3 Mn from $17.58 Mn in 2022, growing at a CAGR of 17.6% during 2022-30. The liver cancer therapeutics market in Indonesia is dominated by a few domestic pharmaceutical companies such as Chugai Pharmaceutical, Taiho Pharmaceutical, and Eisai. The liver cancer therapeutics market in Indonesia 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 Indonesia liver cancer therapeutics market will reach a value of $64.3 Mn from $17.58 Mn in 2022, growing at a CAGR of 17.6% during 2022-2030.
Indonesia is a lower middle-income, developing country located in Southeastern Asia between the Indonesian Ocean and the Pacific Ocean. According to the latest WHO data published in 2020 Liver Cancer Deaths in Indonesia reached 19,721 or 1.17% of total deaths. The age-adjusted Death Rate is 8.53 per 100,000 population ranks Indonesia 43rd in the world. As per IARC, the number of liver cancer cases due to alcohol consumption is 37% out of all gastrointestinal cancers.
In Indonesia, traditional medicine plays an essential role in the treatment of liver cancer. To control symptoms and enhance their quality of life, many patients in Indonesia use traditional medicines such as herbal remedies, acupuncture, and other traditional therapies. Soursop leaves, Java tea leaves, and Temu Kunci are some of the most often utilized herbal treatments. Indonesia's government spent 3.4 % of its GDP on healthcare in 2020.
Market Growth Drivers
There have been numerous advancements in liver cancer therapies in Indonesia in recent years. The availability of targeted medicines such as sorafenib and lenvatinib, which have been demonstrated to be effective in treating advanced HCC, has been one of the primary growth reasons. Furthermore, progress has been made in the development of immunotherapies for liver cancer, with medications like nivolumab and pembrolizumab showing promise in clinical trials. When doing business in Indonesia, low labor costs and a demographic dividend provide a competitive edge. Indonesia's Business Process Outsourcing (BPO) business is booming.
Market Restraints
Despite the government's efforts in healthcare, the amount of funding available for individual research programs remains restricted. This can make obtaining the necessary finances for research and development of new liver cancer treatments difficult. Indonesia is exposed to fluctuations in Chinese demand, as well as persistent corruption and a lack of transparency.
Key Players
In Indonesia, the regulation of liver cancer therapeutics is overseen by the National Agency of Drug and Food Control (BPOM), which is responsible for evaluating the safety, efficacy, and quality of all medicines, including those used for the treatment of liver cancer. Regarding reimbursement, Indonesia has a national health insurance program called the National Health Insurance (JKN), which provides coverage for a range of liver cancer therapeutics, including chemotherapy, targeted therapy, and immunotherapy.
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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