Analysis of the oncology treatment market in India
The relevance of research
Cancer is the second leading cause of death in India. According to the Federal State Statistics Service, the incidence in the class of ""neoplasms"" in India per 1 people is 11,9 people, more than 1,6 million new cases are detected in India every year
Purpose of the study
Analyzing the state of the oncology treatment market in India, assessing the market size, analyzing competitors, and identifying factors affecting the oncology treatment market
Content
Part 1. Overview of the Indian Oncology Market
1.1. Definition and Characteristics of the Indian Oncology Treatment Market
1.2. Dynamics of the Indian cancer treatment market volume, 2016-2020
1.3. Market structure by type of service provided in India
1.4. Structure of the oncology treatment market by Union Territories
1.5. Assessment of current trends and development prospects of the studied market
1.6. Assessment of factors affecting the market
1.7. Analysis of sectoral indicators of financial and economic activity
Part 2: Competitive Analysis in the Oncology Treatment Market in India
2.1. Major players in the market
2.2. Market shares of the largest competitors
2.3. Profiles of major players
Part 3. Oncology Treatment Consumption Analysis
3.1. Estimated volume of consumption of oncology treatment per capita
3.2. Market Saturation and Estimated Market Potential in India
3.3. Description of consumer preferences
3.4. Price analysis
Part 4. Assessment of factors of investment attractiveness of the market
Part 5. Forecast for the development of the oncology treatment market until 2025
Part 6. Conclusions on the prospects of creating enterprises in the study area and recommendations for current market operators
Research excerpt
Part 1. Overview of the Indian Oncology Market
1.1. Definition and Characteristics of the Indian Oncology Treatment Market
Oncological diseases occupy ... a place among the causes of death in the Indian population. The incidence in the class of ""neoplasms"" in India per 1 thousand population is ...
According to ... India in 2020 ranked ... in the world in terms of the number of deaths of cancer patients.
The incidence of cancer is higher among the elderly, therefore, for cross-country comparison, ...
It should be noted that in ... the detection of cancer often occurs too late, only in the 3rd and 4th stages, or a significant part of patients die without making an oncological diagnosis. A separate issue…
Reducing the incidence of cancer can be achieved through ...
The most effective measures to reduce cancer incidence are…
There are a number of screening methods for…
Cancer Therapy Begins With...
There are a lot of methods of treatment of oncology at the present time:
- Conventional cancer therapy...
- Chemotherapy - ...
- Radiation therapy - …
- ...
According to the survey … the vast majority of Indians (…%) have experienced… Moreover, this was most often reported by representatives of the female audience (…%), people aged …
The prevailing opinion among Indians is that all types of cancer …
Most Indians (…%) think…
1.2. Dynamics of the Indian cancer treatment market volume, 2016-2020
Consider the volume dynamics of the oncology treatment market.
Diagram 3. Dynamics of the volume of the oncology treatment market in India in 2015-2020 (est.), billion Rs.
The data on the annual values of the market volume were formed on the basis of information on the volumes ... The dynamics of the oncology treatment market in India, according to the assessment and calculation of GidMarket, has ... character - an indicator annually ... The average growth rate for the period from 2015 to 2020 was ...%. In total for the period the market volume is … billion Rs.
Despite the headwinds in 2020, the market … However, there are signs that the likelihood existed at the beginning of 2020 …
...
Note that if we consider the dynamics of the market in comparable prices, then it …
We also add that the market growth over the period is due to an increase in …
...
1.3. Market structure by type of service provided in India
Diagram 4. Structure of the oncology treatment market by types (by independent methods used in the radical treatment of cancer first registered in India in 2019), %
According to the report characterizing … the proportion of the surgical method as an independent type of treatment continues …, in 2019 it amounted to …% (2018 − …%), the share of the most effective …
Relatively high rates of using the surgical method as an independent type of radical treatment were noted for malignant neoplasms … (…%), …
The indicator of the frequency of using the radiation method as an independent type of treatment prevailed with ...
...
The combined or complex method was used to the greatest extent in the treatment of malignant neoplasms … (…%), … (…%), …
Chemoradiation method as an independent type of treatment was used on average in …% of patients. The highest rates of using this method were noted in the treatment of malignant neoplasms ...
The indicator of the use of the surgical method of treatment in combination with other methods in India as a whole amounted to ...%.
The beam method in combination with other methods has found application in the treatment of ...% of malignant neoplasms, mainly ...
...
1.4. Structure of the oncology treatment market by Union Territories
The diagram shows the structure of oncology treatment by union territories, taking into account their ...
Thus, in 2019, the largest share of those treated are residents of ... Union Territories - ...%, in second place - residents of ... Union Territories - their ...% in total, in third place with a share of ...% are residents of ... Union Territories. The smallest share in terms of the number of people undergoing treatment among those who had cancer in 2019 was among residents of …
1.5. Assessment of current trends and development prospects of the studied market
The following trends and prospects are present in the oncology diagnostics and treatment market in India:
...
1.6. Assessment of factors affecting the market
Macroeconomic factors affect the dynamics of all sectors of the Indian economy, including the considered oncology treatment market. The main groups of factors are: economic, political, social and technological.
Economic
GDP (gross domestic product) is used to determine the rate of economic development of any state. GDP is a macroeconomic indicator that reflects the total value of goods, works and services that were produced and provided in the country in a year. Gross domestic product is the main indicator on the basis of which the level and pace of the country's economic development are determined.
Chart 6 shows India's GDP growth rate from 2007 to 2020 at comparable prices (at 2016 prices).
The impact of the crisis, which began in 2008, led to a decrease in GDP by …% in 2009, but then the growth rates were quite high until 2012 inclusive.
Further, until 2014, the growth rate was …, but constantly …, and in 2015 it was … In 2015, which was the peak of the crisis in the state, the decline in GDP was …% compared to the previous year directly proportional to the well-being of citizens, ...
In 2016, GDP …, at the end of 2017, this indicator shows …
...
The volume index of gross domestic product in 2020 amounted to …% compared to 2019.
...
Let's consider some experts' estimates of India's GDP dynamics forecast.
The Central Bank predicts...
International rating agency Fitch Ratings…
European Bank for Reconstruction and Development (EBRD) …
The World Bank …
...
Thus, experts disagree on the forecast for the medium term: in 2021-2023, the economy is expected to recover …%.
Currently, the factor of the decline in GDP in 2020 is …
...
Demographic (social)
...
technological
...
Political
...
Environmental
...
Table 5. STEP analysis of factors influencing the oncology treatment market
In general, the impact of macro factors on the oncology treatment market can be assessed as… Negative impact is exerted by… Positive impact is exerted by…
1.7. Analysis of sectoral indicators of financial and economic activity
...
Important data for analyzing the state of the industry is the dynamics of such indicators as profitability, liquidity, and business activity.
The table shows the dynamics of the gross profit margin (the ratio of gross profit to income).
For the period under review from 2016 to 2020, the gross margin indicator in the oncology treatment industry showed ... From the value of …% in 2016, it is …% in 2020. This speaks of…
At the same time, in total, all sectors of the Indian economy in terms of this indicator … over the past 5 years. In 2020, the gap between the indicator in all industries and in the market under consideration amounted to … p.p.
Diagram 14 shows the dynamics of profitability before tax.
Diagram 14. Profitability of profit before tax (profit of the reporting period) in the field of oncology treatment in comparison with all sectors of the Indian economy, 2016-2020, %
In general, for the period, the profitability of profit before tax in the oncology treatment industry ... The low indicator in 2016 is due to ... The work of the industry in 2017-2020 can be called ... since the indicator for all sectors of the economy was ...
Consider the liquidity ratios in the oncology treatment industry. The indicator of current liquidity is a measure of the solvency of the organization, the ability to repay the current (up to a year) obligations of the organization. The Diagram shows the dynamics of this indicator.
The estimated indicator of current liquidity of a normally operating solvent legal entity should be ...
For the industry under consideration, during the period from 2016 to 2020, the dynamics of the total coverage indicator ... The nature of the change in this value ... At the end of 2020, the increase compared to 2019 amounted to ...%, liquidity showed ... The annual value of current liquidity ...
A more stringent liquidity criterion is the absolute liquidity ratio. It shows what part of short-term liabilities can be repaid immediately, if necessary, at the expense of available cash and marketable securities.
The normal value of the absolute liquidity ratio fluctuates within ...
During the period under review, the overall indicator for all sectors of the Indian economy did not fall ..., which indicates ... In the oncology industry, this indicator ...
Business activity is the ability of an enterprise, based on the results of its economic activity, to occupy ...
The dynamics of the average turnover period of receivables in the period from 2016 to 2020 was ... On the one hand, in 2018 and 2020 there were …
The stability of the financial position of the enterprise is impossible without effective management of working capital, based on the identification of significant factors and measures to provide the enterprise with its own working capital.
The equity ratio characterizes ...
The final working capital ratio for all sectors of the economy in 2016-2020 as a whole ...
During the period under review, the oncology treatment industry showed … from …% in 2016 to …% in 2020. During the entire period, the values of the indicator for oncology treatment were higher than …
Thus, all considered financial indicators in 2016-2020 showed …
Part 2: Competitive Analysis in the Oncology Treatment Market in India
2.1. Major players in the market
This study examined the 5 largest public institutions and the 5 largest private companies providing cancer treatment. The market is …, the 5 largest public institutions account for about …% of the market, and the 5 largest private institutions account for about …% of the oncology treatment market.
The largest companies in the market under consideration are: ...
2.2. Market shares of the largest competitors
Diagram 18. Shares of the largest competitors in the oncology treatment market in 2020, %
The top 5 participants in the oncology treatment market from public institutions include: … (share …%), scientific research institutes … (share …%), … (…%), Federal State Budgetary Institution … The top 5 participants in the oncology treatment market from among private companies include: LLC “…” (share of …%), …
Estimating market shares is difficult due to the following factors: …
2.3. Profiles of major players
FGBU ""...""
...
Research Institute ...
...
The diagram shows the total revenue of the Top 5 companies in the oncology market among private commercial organizations:
The dynamics of the total revenue of the largest private companies in the oncology market in India is linear - ... The highest growth rate was observed in … year and was associated with ... The average growth rate for the period was more than …%.
Part 3. Oncology Treatment Consumption Analysis
3.1. Estimated volume of consumption of oncology treatment per capita
Diagram 20. Consumption of oncology treatment per capita, 2014–2020, Rs./person
Per capita consumption is calculated by GidMarket as the ratio of the size of the oncology treatment market to the population of India.
The nature of the dynamics of the per capita consumption indicator ... If in 2014 each inhabitant of the country accounted for ... rupees, then in 2020 - already ... rupees of consumption. The value has grown...
3.2. Market Saturation and Estimated Market Potential in India
...
3.3. Description of consumer preferences
...
3.4. Price analysis
The analysis of the CPI is given on the example of the average indicator for the initial appointment with a specialist doctor, ultrasound and complete blood count, based on official statistics.
Table 19. Consumer price indices for oncology treatment in India in 2014-2020, %
The dynamics of the cost of medical services is mainly due to the level ... In 2014-2020, consumer prices for medical services and services to the population in general annually ..., the highest growth was observed in ... year and was also caused by ...
In general, prices for medical services (including cancer treatment services) in 2014 and 2015 increased … than the Indian average among service providers. In 2016, 2018 and 2020, the CPI for medical services exceeded …
...
As can be seen from these tables, the prices for various services for the diagnosis and treatment of oncology vary significantly both in different clinics and within each type of service.
The price of the initial appointment with an oncologist ranges from .... Rs. to … Rs. It depends on:…
The cost … ranges from … Rs. to … Rs. and depends on: number of patients …, service and comfort …
The cost of CT, MRI, PEC-CT ranges from … Rs. to … Rs. and depends on...
...
If we talk about the average check for paid oncology treatment in India (in private clinics), then it is not less than … thousand Rs.
...
The average cost of treatment in a round-the-clock hospital, according to ..., by June 1 amounted to ... thousand rupees (excluding the differentiation coefficient) with the standard of ... thousand rupees (...% by 2019). …
Part 4. Assessment of factors of investment attractiveness of the market
… factors of the investment climate of the oncology treatment market dominate over… A comprehensive assessment of the factors of investment attractiveness amounts to … points – … the investment climate. This means that within the industry under consideration there are …
The most significant positive factors. …
The most significant negative factors. …
Part 5. Forecast for the development of the oncology treatment market until 2025
...
Part 6. Conclusions on the prospects of creating enterprises in the study area and recommendations for current market operators
...
Diagrams
Diagram 1. The number of deaths of cancer patients in 2020 in the countries of the world, units
Chart 2. Cancer mortality rate, adjusted for the standardized age composition of the population ASR(W), per 100 people in 000 in the countries of the world
Diagram 3. Dynamics of the volume of the oncology treatment market in India in 2015-2020 (est.), billion Rs.
Diagram 4. Structure of the oncology treatment market by types (by independent methods used in the radical treatment of cancer first registered in India in 2019), %
Diagram 5. The structure of oncology treatment in India by Union Territories for malignant neoplasms detected in 2019 (for which treatment was completed in 2019 or continued in 2020),%
Diagram 6. Dynamics of India's GDP, 2007-2020, % to the previous year
Chart 7. Monthly dynamics of the US dollar against the rupee, 2015-2021 (Jan-Mar), Rs. for 1 US dollar
Diagram 8. Dynamics of real incomes of the population of India, 2011 - 2020, % to the previous year
Diagram 9. Population dynamics in India as of January 1, 2010-2021, million people, %
Diagram 10. Population forecast in India for the period 2021-2024, million people
Chart 11. Dynamics of the number and share of the population over working age in the total population of India in 2016-2021 (forecast), million people, %
Diagram 12. Incidence of the population by the class of ""neoplasms"" (registered patients with a diagnosis established for the first time in their lives), the number of newly diagnosed malignant neoplasms in 2010-2020 (estimate), units. rev.
Chart 13. Dynamics of the size of the average interest rate on loans, 2015-2020 (Jan-Nov), years, %
Diagram 14. Profitability of profit before tax (profit of the reporting period) in the field of oncology treatment in comparison with all sectors of the Indian economy, 2016-2020, %
Diagram 15. Current liquidity (total coverage) in the field of oncology treatment for 2016-2020, times
Diagram 16. Business activity (average term of receivables turnover) in the field of oncology treatment, for 2016-2020, days days
Diagram 17. Financial stability (security of own working capital) in the field of oncology treatment, in comparison with all sectors of the Indian economy, 2016-2020, %
Diagram 18. Shares of the largest competitors in the oncology treatment market in 2020, %
Diagram 19. Dynamics of the total revenue of the largest operators of the oncology treatment market (TOP-5) in India, 2016–2020, billion Rs.
Diagram 20. Consumption of oncology treatment per capita, 2014–2020, Rs./person
Diagram 21. Forecast of the volume of the oncology treatment market in 2021–2025, billion Rs.
Tables
Table 1. Information on the treatment of malignant neoplasms (MNT), first registered in 2019, subject to radical treatment, units rev.
Table 2. Forecasts of various sources for real GDP in India in 2021-2023 (data for January-April 2021), %
Table 3. Information about patients with malignant neoplasms who refused treatment in India in 2012-2019, %
Table 4. Weighted average interest rates of credit institutions on credit operations in rupees, excluding PJSC Sberbank (% per annum), 2015-2020 (Jan-Nov)
Table 5. STEP analysis of factors influencing the oncology treatment market
Table 6. Gross margin of the oncology industry in comparison with all sectors of the Indian economy, 2016-2020, %
Table 7. Absolute liquidity in the field of oncology treatment in comparison with all sectors of the Indian economy, 2016-2020, times
Table 8. Main companies participating in the oncology treatment market in 2020
Table 9. Basic information about the No. 1 participant in the oncology treatment market
Table 10. Basic information about the No. 2 participant in the oncology treatment market
Table 11. Basic information about the No. 3 participant in the oncology treatment market
Table 12. Basic information about the No. 4 participant in the oncology treatment market
Table 13. Basic information about the No. 5 participant in the oncology treatment market
Table 14. Basic information about the No. 6 participant in the oncology treatment market
Table 15. Basic information about the No. 7 participant in the oncology treatment market
Table 16. Basic information about the No. 8 participant in the oncology treatment market
Table 17. Basic information about the No. 9 participant in the oncology treatment market
Table 18. Basic information about the No. 10 participant in the oncology treatment market
Table 19. Consumer price indices for oncology treatment in India in 2014-2020, %
Table 20. Average prices in the oncology treatment market by Union Territories in 2021, Rs.
Table 21. Average prices in the oncology market by Union Territories in 2021 (continued), Rs.
Table 22. Assessment of factors of investment attractiveness of the oncology treatment market
Table 23. Main indicators of the forecast for the socio-economic development of India until 2024 (base case), units rev.
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