The India liver cancer therapeutics market is poised for substantial growth in the coming years, as indicated by the insights from the TechSci Research report titled “India Liver Cancer Therapeutics Market – By Region, Competition, Forecast, and Opportunities, 2029”. This growth is fueled by various factors, including the increasing use of anabolic steroids and the emergence of collaborations and partnerships within the industry.
Factors Driving Market Growth
One of the primary drivers of growth in the India liver cancer therapeutics market is the rising use of anabolic steroids. These synthetic substances, which mimic the effects of testosterone in the body, are commonly used by athletes and bodybuilders to enhance muscle mass and performance. However, prolonged use of anabolic steroids has been linked to an increased risk of hepatocellular cancer, the most common type of liver cancer. This correlation between anabolic steroid use and liver cancer is expected to drive the demand for liver cancer therapeutics in India.
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Furthermore, the market is witnessing a major trend towards collaborations and partnerships among industry players. As the market becomes increasingly competitive and complex, companies are exploring opportunities to collaborate and leverage each other’s strengths to drive innovation and growth. These collaborations can take various forms, including joint ventures, licensing agreements, research collaborations, and co-marketing arrangements. By partnering with other entities, companies can gain access to new markets, distribution channels, and research capabilities, thereby fostering market expansion.
Challenges in the Market
Despite the promising growth prospects, the India liver cancer therapeutics market faces challenges, one of which is the lack of trained professionals in the field. The diagnosis and treatment of liver cancer require specialized knowledge and skills, yet there is a shortage of healthcare professionals with expertise in this area. This shortage can result in delays in diagnosis, incorrect treatment decisions, and inadequate patient care, particularly in remote or underserved areas. Efforts are being made to address this challenge by increasing the number of training programs and specialized courses for healthcare professionals in the field of liver cancer diagnosis and treatment.
Market Segmentation and Dynamics
The India liver cancer therapeutics market can be segmented based on various factors, including cancer type, therapy, route of administration, distribution channel, and region.
Based on the route of administration, the market is segmented into oral, intravenous, and others. The oral route of administration is one of the common routes used in India for liver cancer therapeutics. Drugs administered orally, such as sorafenib, regorafenib, and lenvatinib, offer several advantages, including ease of use, patient compliance, and convenient dosing schedules.
Moreover, based on the distribution channel, the market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies. Retail pharmacies play a vital role in distributing liver cancer therapeutics in India, particularly in smaller towns and rural areas where access to hospital pharmacies may be limited.
Competitive Analysis
In addition to the market drivers and challenges, the India liver cancer therapeutics market is characterized by intense competition among key players. Companies are focusing on research and development initiatives to develop innovative therapies and gain a competitive edge. Furthermore, collaborations and partnerships are becoming increasingly prevalent as companies seek to capitalize on each other’s strengths and expand their market presence.
The India liver cancer therapeutics market presents significant growth opportunities driven by factors such as the increasing use of anabolic steroids and collaborations among industry players. However, challenges such as the lack of trained professionals pose hurdles to market expansion. By addressing these challenges and leveraging emerging opportunities, companies in the India liver cancer therapeutics market can unlock the market’s full potential and drive sustainable growth.
Major companies operating in the India liver cancer therapeutics market are:
- Natco Pharma Ltd.
- Reddy’s Laboratories Ltd.
- Intas Pharmaceuticals Ltd.
- Mylan Pharmaceuticals Pvt. Ltd.
- Lupin Ltd., Biocon Ltd.
- Hetero Labs Ltd
In 2021, Zydus Cadila Healthcare Ltd. launched a generic version of Regorafenib, a targeted therapy drug used in the treatment of liver cancer.
In 2021, Dr. Reddy’s Laboratories Ltd. announced that it had received approval from the DCGI to conduct Phase III clinical trials of Sputnik V vaccine in India.
In 2019, Natco Pharma Ltd. received approval from the Drug Controller General of India (DCGI) for its generic version of sorafenib tosylate.
In 2016, Hetero Labs Ltd. launched its generic version of sorafenib tosylate, under the brand name SORAFENAT, for the treatment of liver cancer.
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“The India liver cancer therapeutics market is expected to grow during the forecast period due to the rising demand for early diagnosis with medical benefits along with the growing preference for laparoscopic and robotic surgeries across the region. During the early stage of liver cancer, the cancer is localized and has not propagated anywhere else in the body. Therefore, to avoid further growth and spread of liver cancer, the cancerous liver cells should be removed surgically. Besides, increasing concern about healthy lifestyles and growing expenditure on health and wellness are further expected to create lucrative opportunities for the growth of the market” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Liver Cancer Therapeutics Market,By Cancer Type (Hepatocellular Carcinoma, Cholangiocarcinoma, Hepatoblastoma, Angiosarcoma, and Liver Metastasis), By Therapy (Targeted Therapy, Chemotherapy and Radiation Therapy, Immunotherapy, and Others), By Route of Administration (Oral, Intravenous, and Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and By Region, Competition, Forecast, and Opportunities, 2029” has evaluated the future growth potential of the India liver cancer therapeutics market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India liver cancer therapeutics market.
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