India Next-Generation Oncology Devices and Solutions Market Outlook to FY’2027
Increasing Prevalence of demand for Oncology Services, Emerging Technologies in Oncology Testing and Treatment and Increasing Disease Awareness to drive the Market
Region:Asia
Author(s):Sunaiyna Varma
Product Code:KR1283
December 2022
70
About the Report
The report provides a comprehensive analysis of the potential of Oncology Device and Solution industry in India. The report covers an overview and genesis of the industry, market size in terms of revenue.
Its market segmentations include By Type, By Region, By Clinical Application, By Application, By End Users, By Test Type; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendation’s.
Market Overview:
According to Ken Research estimates India Oncology Devices and Solutions Market (Revenue) has grown at a CAGR of 18.2% from FY’17-22 supported by heightened manufacturing innovation and growing disease awareness. The rising medical devices industry is benefiting the growth of the oncology devices market.
- India faces a sizable cancer burden, which continues to grow exponentially and is expected to rise to ~ Mn in 2025.
- There are around ~ NABL accredited labs in India, where North and South Region have the maximum number of NABL certified Labs.
Key Trends by Market Segment:
By Clinical Application: In India, amongst all prevalent cancers, the five most common types are breast cancer, lung cancer, oral cancer, stomach cancer and cervical cancer. In India, every four minutes a woman is diagnosed with breast cancer.
By Test Type: Laboratory Cancer Diagnostic Tests like Bloods tests, urinanalysis, tumor markers, etc. account for around ~% of the total oncology tests performed in India. Other tests include tests like genetic tests, biopsies, etc.
Competitive Landscape
Future Outlook
India Oncology Devices and Solutions Market (Revenue) is expected to grow at a CAGR of 23.1% from FY’2022-2027 with the oncology devices and solutions market capacity to steadily expand, meeting the underserved and unserved demand
Longer-term investments in the public sector are expected to increase for the current private sector exclusive treatments
Scope of the Report
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Next-Gen Oncology Devices and Solutions Market |
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By Type |
By Devices By Solutions |
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By Region |
North India West and Central India East and North East India South India |
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By Clinical Application |
Cervical Cancer Blood Cancer Prostate Cancer Liver Cancer |
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Segmentation of India Next-Gen Oncology Devices |
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By Test Type |
Laboratory Tests Imaging Tests Others |
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Hospitals
- Diagnostic Centers
- Research and Adademic Instiutions
- Government and Institutions
- Medical Equipment Companies
- Medical Equipment Service Providers
- Global Oncology devices Players
- New Market Entrants
- Investors
- Medical Associations
Time Period Captured in the Report
- Historical Period: FY’2017-FY’2022
- Base Period: FY’2022
- Forecast Period: FY’2023F-FY’2027F
Companies
Major Players Mentioned in the Report
Oncology Solutions
- Public and Private Hospitals (Fortis, Apollo, Max healthcare, AIIMS, Regional cancer centre, HCG, TATA)
- Labs and Diagnostic Centres Dr Lal Path labs
Oncology Devices Companies
- Elekta
- Accuray
- IBA
- Philips
- GE
Table of Contents
1. Executive Summary
1.1 Executive Summary: India Next-Generation Oncology Devices and Solutions Market
2. Country Overview
2.1 India Country Overview
2.2 India Population Overview
2.3 Healthcare Budget in India
2.4 Healthcare Infrastructure in India
2.5 Major NABL accredited Labs in India
2.6 Cancer Prevalence in India
2.7 India Medical Tourism, FY’22
3. India Next-Gen Oncology Devices and Solutions Market Overview
3.1 Industry Cycle of India Oncology Next-Gen Devices and Solutions Market
3.2 Overview of India Oncology Next-Gen Devices and Solutions Market
3.3 Trends in India Oncology Next-Gen Devices and Solutions Market
3.4 Growing Oncology Diagnostic and Treatment Techniques in India
4. Market Segmentation of India Oncology Next-Gen Devices and Solutions Market
4.1 Market Size on the basis of Revenue, FY’17-FY’21
4.2 India Next-Gen Oncology Devices and Solutions Market Segmentation by Type, FY’22
4.3 India Next-Gen Oncology Devices and Solutions Market Segmentation by Region, FY’22
4.4 India Next-Gen Oncology Devices and Solutions Market Segmentation by Clinical Application, FY’22
5. India Next-Gen Oncology Devices Market
5.1 Different Fields of Oncology
5.2 Ecosystem of India Oncology Devices Market
5.3 Value Chain Analysis in India Oncology Devices Market
5.4 Market Sizing Analysis of India Next-Gen Oncology Devices Market, FY’17-FY’22
5.5 Market Segmentation of India Next-Gen Oncology Devices by Technology, FY’22
5.6 Market Segmentation of India Next-Gen Oncology Devices by Application, FY’22
5.7 Market Segmentation of India Next-Gen Oncology Devices by End Users, FY’22
5.8 Competition Analysis: Market Share of major Oncology Devices Players in India
5.9 Cross Comparison of major Oncology Devices Players in India
5.10 India Next-Gen Oncology Devices Market Future Sizing, FY’22-FY’27F
5.11 Market Segmentation of India Next-Gen Oncology Devices by Technology, FY’27F
5.12 Market Segmentation of India Next-Gen Oncology Devices by Application, FY’27F
5.13 Market Segmentation of India Next-Gen Oncology Devices by End Users, FY’27F
6. India Oncology Solutions (Testing) Market
6.1 Cancer Patient Journey and Types of tests
6.2 Market Sizing Analysis of India Oncology Solutions Market, FY’17-FY’22
6.3 Market Segmentation of India Oncology Solutions Market by Test Type, FY’22
6.4 India Oncology Solutions Market Future Sizing, FY’22-FY’27F
6.5 Market Segmentation of India Oncology Solutions Market by Test Type, FY’27F
7. End User Analysis of India Oncology Next-Gen Devices and Solutions Market
7.1 Target customers by type of end users
8. Industry Analysis of India Oncology Next-Gen Devices and Solutions Market
8.1 Regulatory Landscape for Next-Gen Oncology Devices in India
8.2 SWOT Analysis of the Indian Next-Gen Oncology Devices and Solutions Market
8.3 Major Growth Drivers in India Next-Gen Oncology Devices and Solutions Market
8.4 Challenges & Bottle Necks in India Oncology Devices and Solutions Market
9. Impact of Covid-19 on India Oncology Next-Gen Devices and Solutions Market
10. Future Outlook of India Oncology Next-Gen Devices and Solutions Market
10.1 Market Size on the basis of Revenue, FY’22-FY’27
10.2 India Next-Gen Oncology Devices and Solutions market segmentation by Region, FY’2027
10.3 India Next-Gen Oncology Devices and Solutions market segmentation by Type, FY’2027
10.4 India Next-Gen Oncology Devices and Solutions market segmentation by Clinical
10.5 Application, FY’2027
11. Market Opportunity and Analyst Recommendations
11.1 Way Forward: Future Trends and Technologies to leverage in Strategies: Action Plan
12. Research Methodology
12.1 Market Definitions and Assumptions
12.2 Abbreviations
12.3 Market Sizing Approach
12.4 Consolidated Research Approach
12.5 Research Limitations and Future Conclusion
Disclaimer
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Research Methodology
Step 1: Identifying Key Variables:
Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step 2: Market Building:
Analysts have adopted a Bottom-to-Top approach to build the market size on the basis of annual number of devices sold and tests done. These data points were then multiplied by their respective average costs to obtain Next-Gen Oncology Devices and Solutions market size.
Step 3: Validating and Finalizing:
Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output:
Our team will approach multiple finance providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from car finance providers.
Frequently Asked Questions
01 What is the Study Period of this Market Report?
The India Next-Gen Oncology Device and Solution Market is covered from FY’2017–FY’2027 in this report, including a forecast for FY’2023-FY’2027.
02 What is the Future Growth Rate of the India Next-Gen Oncology Device and Solution Market?
The India Next-Gen Oncology Device and Solution Market is expected to witness a CAGR of ~23% over the next four years.
03 What are the Key Factors Driving the India Next-Gen Oncology Device and Solution Market?
Increasing Prevalence of Oncology Population, Emerging Technologies in Oncology Testing and Treatment and Increasing Disease Awareness.
04 Which is the Largest Test Type Segment within the India Next-Gen Oncology Device and Solution Market?
The Laboratory test type segment held the largest share of the India Next-Gen Oncology Device and Solution Market in FY’2022.
05 Who are the Key Players in the India Next-Gen Oncology Device and Solution Market?
Fortis, Apollo, Max healthcare, AIIMS, Elekta, Accuray, IBA are the Key Players in the India Next-Gen Oncology Device and Solution Market.
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