By 2030, it is anticipated that the Indonesia Lung Cancer Therapeutics Market will reach a value of $334 Mn from $179 Mn in 2022, growing at a CAGR of 8.1% during 2022-2030. The Lung Cancer Therapeutics Market in Indonesia is dominated by a few domestic pharmaceutical companies such as Dexa Medica, Kalbe Farma, and Phapros. The Lung Cancer Therapeutics Market in Indonesia is segmented into different types of cancer and different therapy type. Some of the major factors affecting the Indonesia lung cancer therapeutics market are the prevalence of unhealthy lifestyles, demand for targeted therapies and the presence of highly efficient drugs.
By 2030, it is anticipated that the Indonesia Lung Cancer Therapeutics market will reach a value of $334 Mn from $179 Mn in 2022, growing at a CAGR of 8.1% during 2022-2030.
Indonesia is a lower middle-income, developing country located in Southeastern Asia between the Indonesian Ocean and the Pacific Ocean. Overall, the most common cancers in Indonesia are lung (11.58 %), breast (11.55 %), and colorectum (10.23 %), with the highest fatality rates in the lung (18.43 %), liver and bile duct (9.91 %), and stomach (10.23 %) (8.19 %). According to the most recent data, lung cancer is the third leading cause of mortality in women. It is the leading cause of death in males, surpassing colorectal and prostate cancer.
According to the latest WHO data published in 2020 Lung Cancers Deaths in Indonesia reached 28,633 or 1.69% of total deaths. The age-adjusted Death Rate is 12.46 per 100,000 population ranks Indonesia 93rd in the world. Indonesia's government spends 3.4% of its GDP on healthcare.
Market Growth Drivers
Surgery, radiation therapy, chemotherapy, target therapy, and immunotherapy can all be used; however, the type of target therapy and immunotherapy treatment must be done specifically, namely biomolecular markers. Aside from a few patients treated at private facilities or travelling overseas, patients with cancer in Indonesia are finally directed to both Dharmais National Cancer Center and Cipto Mangunkusumo Hospital, both of which are governmental hospitals. When doing business in Indonesia, low labour costs and a demographic dividend provide a competitive edge. Business Process Outsourcing (BPO) is becoming more popular in Indonesia. These aspects could boost Indonesia's Lung Cancer Therapeutics market.
Market Restraints
Although lung cancer screening is not generally available in Indonesia, efforts are being undertaken to raise awareness and access to screening programmes. Indonesia is sensitive to shifts in Chinese demand, as well as persistent corruption and a lack of transparency. These factors may deter new entrants into the Indonesia Lung Cancer Therapeutics market.
Key Players
December 2022: Kalbe announced the completion of a Share Purchase Agreement between Sanofi Aventis Participations, Hoechst GmbH, and Usaha Minidin Raya, referred to collectively as the Sellers, and Kalbe and its subsidiary as the Buyers. With the fulfilment of the Share Purchase Agreement conditions, Kalbe Farma now has complete control of Aventis Pharma.
The National Agency of Drug and Food Control (BPOM) and the Social Security Agency for Health regulate the regulation and payment of lung cancer therapies in Indonesia (BPJS Kesehatan). The BPJS Kesehatan, which runs the national health insurance programme, offers coverage for lung cancer therapies in the Indonesian healthcare system. Lung cancer therapies must be listed in the National Formulary (Formularium Nasional) and the List of Essential Medicines (Daftar Obat Esensial Nasional) to be eligible for reimbursement, which are lists of drugs and medicines certified for reimbursement by the BPJS Kesehatan.
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 Therapy (Revenue, USD Billion):
By Type of Molecule (Revenue, USD Billion):
By Drug Class (Revenue, USD Billion):
By Distribution Channel (Revenue, USD Billion):
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