ONCOLOGY MARKET SCENARIO IN INDIA 2023
Are you planning to build or restructure or venture into Oncology Hospital in India?
Looking for information about the major healthcare players in Government, Private
diagnostic centers that are available in India? Are you looking to find out which part of
the city is best to venture into, what facilities are available, and what should be planned
for the new setup? In this article, Hospaccx Healthcare Consultancy has mapped all on
major players in terms of Oncology facilities and healthcare scenarios in India.
INTRODUCTION
Cancer risk is constantly on the rise with 10 lakh people diagnosed with it every year.
Around 7 lahks of them die, making it one of the leading causes of death. The reported
cancer incidence in India in 2023 is estimated to be 19 to 20 lakh, whereas the real
incidence is 1.5 to 3 times higher than the reported cases. India is faced with a sizable
cancer incidence burden, which continues to grow exponentially.
Considering the above facts Hospaccx team started working on the mapping of market
trends and dynamics. This is a microbial study of the oncology market if you want to get
into more detail you can contact hospaccxconsulting.com.
DISEASE BURDEN
Cancer disease burden in India is characterized by poor detection with not more than
29 percent, 15 percent, and 33 percent of breast, lung, and cervical cancers being
diagnosed in stages 1 and 2, respectively.
Head and neck cancer is progressing at a CAGR of 23 percent, prostate cancer at 19
percent, ovarian cancer at 11 percent, and breast cancer at 8 percent, which is faster
than the overall growth rate of incidence.
Six states, which represent 18 percent of India's population, have a 23 percent share of
the country's reported incidence burden and have the highest crude incidence rates.
Kerala, Mizoram, Tamil Nadu, Karnataka, Punjab, and Assam report the highest overall
crude incidence rates of cancers which is greater than 130 cases per lakh population
ONCOLOGY INVENTIONS IN INDIA
GOVERNMENT POLICIES FOR CANCER PATIENTS IN INDIA
| Central Government Health Scheme (CGHS)-1954
Aim: The scheme provides comprehensive healthcare services, including cancer treatment, to its beneficiaries. Under the CGHS, cancer treatment is provided through impaneled hospitals, which are selected based on their quality of care, facilities, and expertise. About: Some of the cancer treatments covered under the CGHS include chemotherapy, radiotherapy, surgery, and palliative care. The scheme also covers the cost of diagnostics and laboratory tests, as well as the cost of medicines and medical equipment used in the treatment of cancer. |
| Aarogyasri Scheme-2007
Aim: The scheme provides financial assistance for medical treatment to below-poverty-line (BPL) families in the state, including those suffering from cancer. About: Under the Aarogyasri scheme, eligible beneficiaries can avail of cashless cancer treatment at impaneled hospitals. The scheme covers several types of cancer, including breast cancer, cervical cancer, oral cancer, and lung cancer, among others. |
| Pradhan Mantri Jan Arogya Yojana (PMJAY)-2018
Aim: The scheme provides financial protection to economically vulnerable sections of society, including those suffering from cancer. PMJAY covers over 1,500 medical and surgical procedures, including cancer treatment. |
| About: The PMJAY scheme provides financial protection and access to high-quality cancer
treatment to economically vulnerable sections of society, ensuring that they can avail of essential healthcare services, including cancer treatment, without financial hardship. |
| Cancer Suraksha Scheme-2008
Aim: Under the Cancer Suraksha Scheme, eligible beneficiaries can avail of cashless cancer treatment at impaneled hospitals. The scheme covers several types of cancer, including breast cancer, cervical cancer, oral cancer, and lung cancer, among others. About: The Cancer Suraksha Scheme is a health insurance scheme launched by the Government of Rajasthan in India. The scheme provides financial protection to economically vulnerable sections of society, including those suffering from cancer. |
| Health Minister’s Cancer Patient Fund-2009
Aim: Under this scheme, eligible cancer patients can avail of financial assistance for cancer treatment, including chemotherapy, radiotherapy, and surgery. The scheme also covers the cost of diagnostic tests, hospitalization, and medicines used in the treatment of cancer. About: The Health Minister’s Cancer Patient Fund is a health scheme implemented by the Government of India to provide financial assistance to economically vulnerable cancer patients. The scheme is under the purview of the Ministry of Health and Family Welfare and is aimed at supporting cancer patients who are unable to afford the high cost of cancer treatment. |
ONCOLOGY MARKET IN INDIA
The oncology market size in India is estimated to grow at a CAGR of 13.45% between 2022 and 2027. The market size is forecast to increase by USD 947.84 million. The growth of the market depends on several factors, including the increased prevalence of cancer, the need for cost-cutting in drug discovery and development, and the increasing demand for precision medicine.
MAJOR ONCOLOGY MARKET CHALLENGE IN INDIA
MARKET GROWTH DRIVERS FOR ONCOLOGY IN INDIA
- Increasing number of cancer cases in India.
- Development of alternative cancer therapies; provides many options for treatment of
the diseases.
- Increase in Foreign Direct Investment (FDI) for oncology treatments.
- According to an ICMR study, one in nine Indians will develop cancer during their lifetime. One in 68 men will develop lung cancer and one in 29 women will develop breast cancer.
LIST OF MAJOR ONCOLOGY HOSPITALS IN INDIA
Chain of major oncology hospitals in India
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HCG (HealthCare Global) Cancer Centre
It was established in 1989. HCG is a chain of 24 cancer hospitals with centers in several cities across India. It currently has 1,979 beds spread across its centres. It is equipped with state-of-the-art facilities and offer advanced cancer treatment options such as robotic surgery, immunotherapy, and personalized cancer treatment.
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American Oncology Institute
It is a leading cancer care provider across South Asia. It operates a chain of 12 cancer hospitals in multiple cities across India and South Asia. American Oncology Institute was founded in 2006 by a group of physicians and industry experts. The Institute is currently located in Hyderabad, Nagpur, Ludhiana, Vijayawada, Guntur, Bhubaneswar, Jalandhar, Hisar, Coimbatore, Calicut, Jammu, and Imphal.
Major Oncology government/private hospitals in India
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Tata Memorial Hospital, Mumbai
Tata Memorial Hospital (TMH) is a premier cancer treatment and research center located in Mumbai, India. It was established in 1941 and is recognized as one of the largest and most comprehensive cancer centers in Asia. It has a total of 700 beds, making it one of the largest cancer hospitals in India.TMH has 100 ICUs, 20 Ots, and around 40 emergency beds.
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The Cancer Institute, Adyar, Chennai
The Cancer Institute was established in 1954 by Dr. Muthulakshmi Reddy, a pioneering social reformer and the first woman legislator in India. It was initially set up as a voluntary organization to provide cancer treatment and support to women in India. It has a total of 535 beds. The hospital also has a dedicated palliative care unit and a hospice for patients with advanced-stage cancer. It includes a pediatric emergency, six-bed daycare, and a 6-bed intensive care unit.
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The Gujarat Cancer & Research Institute, Ahmedabad
The Gujarat Cancer & Research Institute was established in 1972 as a regional cancer center for the western region of India. It has a total of 650 beds, which include beds for inpatient wards, intensive care units (ICU), and emergency care.
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Rajiv Gandhi Cancer Institute and Research Centre, Delhi
The Rajiv Gandhi Cancer Institute and Research Centre was established in 1996 by the Indraprastha Cancer Society and Research Centre, a not-for-profit organization. It has a total of 302 beds. There are 51 beds in the surgical ICU and 21 beds in the medical ICU.
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Kidwai Memorial Institute of Oncology, Bengaluru
Kidwai Memorial Institute of Oncology was established in 1973. Kidwai Memorial Institute of Oncology has a total of 700 beds, which include beds for inpatient wards, intensive care units (ICU), and emergency care.
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Regional Cancer Centre, Thiruvananthapuram
The Regional Cancer Centre was established in 1981. The Regional Cancer Centre has a total of 400 beds, which include beds for inpatient wards, intensive care units (ICU), and emergency care.
Source: Economic Times
CONCLUSION
The growing number of cancer patients in India is mainly due to poor strategy where physicians concentrate on treatment rather than prevention and screening. A large group of patients remain untapped and do not receive medical treatment, due to insufficient numbers of oncologists and drugs. 5 years ago the number of cases diagnosed was 250 but today it is doubled which is 500 new cases which raises huge concerns for treatment. Hence, India needs oncologists and healthcare sectors to give cancer patients the required treatment.
Considering the above facts Hospaccx team started working on the mapping of market trends and dynamics. This is a macroficial study of the Oncology market if you want to get into more detail you can contact hospaccxconsulting.com.
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