Vietnam Cancer Induced Bone Disease Therapeutics Market

Vietnam Cancer Induced Bone Disease Therapeutics Market


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Vietnam Cancer Induced Bone Disease Therapeutics Market valued at $7 Mn in 2022, projected to reach $10 Mn by 2030 with a 6.03% CAGR. The key drivers of this industry include the rising incidence of cancer, the expanding treatment landscape, and increased government initiatives. The industry is primarily dominated by players such as Bristol Myers Squibb, AstraZeneca, Merck, Eli Lilly, Pfizer, Johnson & Johnson, Amgen, and Novartis among others.

ID: IN10VNPH440 CATEGORY: Pharmaceuticals GEOGRAPHY: Vietnam AUTHOR: Riddhi Solanki

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Vietnam Cancer Induced Bone Diseases Therapeutics Market Analysis

Vietnam Cancer Induced Bone Disease Therapeutics Market valued at $7 Mn in 2022, projected to reach $10 Mn by 2030 with a 6.03% CAGR.

Cancer-induced bone disease refers to a condition that arises either from the impact of cancer on the bones or as a consequence of treatments administered to address the primary condition, leading to bone loss and fractures. The primary symptom typically involves pain in the bones and joints, along with potential indicators like swelling, stiffness, or tenderness in the affected bone, challenges with movement, unexplained weight loss, a fractured bone, loss of sensation in the affected limb, and fatigue. Present treatment options for cancer-related bone disease include bone-modifying agents such as bisphosphonates and denosumab, known for their efficacy in preventing and delaying the emergence of issues related to cancer-induced bone problems. Other treatment modalities include surgery, chemotherapy, radiation therapy, targeted therapy, and various drug therapies. Major companies actively involved in the development and marketing of therapeutics for bone diseases include Amgen, Merck & Co., Roche, Novartis, Eli Lilly and Company, and Bayer AG.

Vietnam faces a considerable burden of cancers, including breast cancer, lung cancer, multiple myeloma, and others, leading to the occurrence of bone metastases. The market is driven by factors such as the increasing incidence of cancer, expanding treatment options, and improved government initiatives in the industry. However, conditions such as limited awareness and diagnoses, affordability challenges, and underdeveloped healthcare infrastructure in the country limit the growth and potential of the market.

Vietnam cancer induced bone disease therapeutics market

Market Dynamics

Market Growth Drivers

Rising cancer incidence: Vietnam is witnessing an increasing challenge from cancer, with anticipated cases to double by 2040. This encompasses various cancers such as multiple myeloma having a prevalence of about 2%, breast cancer with an estimated incidence of 32/1,00,000 women, and prostate cancer affecting around 33/1,00,00 individuals all of which may result in bone metastases and associated diseases. The population of Vietnam is rapidly aging, contributing to a larger segment of individuals vulnerable to age-related cancers and bone diseases.

Expanding treatment landscape: The market is experiencing the launch of innovative targeted therapies and biologics tailored to tackle bone metastases and related complications. These advancements promise enhanced effectiveness and fewer side effects when compared to conventional treatments. The increasing focus on supportive care, which includes pain management and the use of bisphosphonates to prevent bone fractures, is propelling the market growth for these supportive medications.

Increased government initiatives: The Vietnamese government is dedicated to increasing healthcare spending and enhancing accessibility. This commitment involves investments in cancer care infrastructure, drug procurement, and insurance coverage, ultimately contributing to the growth of the market for therapeutics related to bone diseases.

Market Restraints

Limited awareness and diagnoses: Limited public awareness regarding cancer and its associated bone complications contributes to delayed diagnosis and treatment. Numerous patients attribute bone pain to aging or other musculoskeletal problems, leading to delayed consultations with specialists. The diagnostic infrastructure in Vietnam faces challenges due to the lack of widespread access to advanced diagnostic tools such as bone scans and biopsies. This limitation hinders the early and accurate diagnosis of bone involvement in cancer cases.

Affordability challenges: Despite enhancements in health insurance coverage, a considerable segment of the population faces challenges in affording essential healthcare services, including cancer treatment and specialized medications for bone conditions. This poses a barrier to obtaining the required therapeutics.

Underdeveloped healthcare infrastructure: Vietnam is confronted with a scarcity of healthcare professionals, particularly in the fields of oncology and bone diseases. Furthermore, there is often a deficiency in diagnostic equipment and facilities, especially in rural areas, resulting in delays or omissions in diagnoses.

Healthcare Policies and Regulatory Landscape

In Vietnam, the primary regulatory agency overseeing pharmaceuticals, drugs, and medical products is the Ministry of Health's Drug Administration of Vietnam (DAV). It is responsible for the registration, evaluation, and supervision of pharmaceuticals and medical products to ensure their safety, efficacy, and quality. The regulatory framework is designed to align with international standards while addressing the specific healthcare needs of the Vietnamese population.

The process of obtaining a license for pharmaceuticals and medical products in Vietnam involves the submission of comprehensive documentation to DAV. It conducts a thorough review and evaluation, and upon successful assessment, a license is issued for market entry. For new entrants, navigating the regulatory landscape in Vietnam can be complex, and adherence to stringent standards is imperative. The country's commitment to ensuring the safety and efficacy of healthcare products creates a competitive yet challenging environment for newcomers.

Competitive Landscape

Key Players

  • Roche
  • Amgen
  • Novartis
  • Eli Lilly
  • Pfizer
  • AbbVie
  • Bristol Myers Squibb
  • AstraZeneca
  • Merck& Co
  • Johnson & Johnson

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

Vietnam Cancer Induced Bone Diseases Therapeutics Market Segmentation

By Cancer Type

  • Breast cancer
  • Prostate cancer
  • Lung cancer
  • Others

By Treatment Type

  • Bisphosphonates
  • Denosumab
  • Radiation Therapy
  • Pain Management Medications
  • Surgical Intervention
  • Targeted Therapy

By Distribution channel

  • Hospitals
  • Pharmacies
  • Oncology clinics
  • Others

By Stage of Treatment

  • Early stage CIBD
  • Advanced stage CIBD

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.​

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

  • Analyzing historical proprietary data collected from multiple projects.
  • Regularly updating our existing data sets with new findings and trends.
  • Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

  • Searching through academic conferences, published research, citations, and social media platforms
  • Collecting and compiling diverse data to build a comprehensive and detailed database
  • Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

  • Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
  • Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
  • Continuously refreshing our database to ensure that the information remains current and reliable.
  • Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

  • Merging historical data from secondary research with real-time data from primary research.
  • Conducting thorough data validation and cleansing to remove inconsistencies and errors.
  • Organizing data into a structured format that is easily accessible and usable for various applications.
  • Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.

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Last updated on: 18 April 2024
Updated by: Dhruv Joshi

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