Cancer in India and the Impact of Duty-Free Drugs:

Cancer is a growing health concern in India, with the number of cases steadily increasing over the years. The Union Budget 2024 introduced several measures aimed at improving healthcare and making cancer treatment more affordable, including the exemption of customs duties on three key cancer drugs. This article explores the current cancer statistics in India, the manufacturers of the duty-free drugs, and the expected impact of these measures on cancer treatment in the country.

Current Cancer Statistics in India

As of 2023, India has an estimated 1,496,972 cancer cases, reflecting a rise from 1,461,427 cases in 2022. The burden of cancer is significant, with several types of cancer being particularly prevalent:

  • Breast Cancer: The most common type of cancer among women globally and in India. In 2022, India recorded the highest number of estimated breast cancer deaths worldwide, with 98,337 fatalities.
  • Lung Cancer: A leading cause of cancer-related deaths among men, lung cancer remains a major health challenge.
  • Cervical Cancer: Another common cancer among women in India, contributing significantly to the cancer burden.

Duty-Free Cancer Drugs

The Union Budget 2024 has exempted customs duties on three critical cancer drugs: Trastuzumab Deruxtecan, Osimertinib, and Durvalumab. These exemptions are aimed at reducing the cost of cancer treatment and improving access to these life-saving medications.

  1. Trastuzumab Deruxtecan (Enhertu): Manufactured by Daiichi Sankyo in collaboration with AstraZeneca, this drug is primarily used for the treatment of HER2-positive breast cancer. It targets cancer cells more precisely, offering better outcomes for patients with this aggressive type of breast cancer.
  2. Osimertinib (Tagrisso): Produced by AstraZeneca, Osimertinib is an essential medication for treating non-small cell lung cancer with specific mutations. It works by inhibiting the growth of cancer cells and is particularly effective in patients with certain genetic profiles.
  3. Durvalumab (Imfinzi): Also manufactured by AstraZeneca, Durvalumab is an immunotherapy drug used for treating certain types of lung and bladder cancers. It helps the immune system recognize and attack cancer cells, improving survival rates for patients with advanced stages of these cancers.

Impact of Duty-Free Drugs on Cancer Treatment

The exemption of customs duties on these three cancer drugs is expected to have a significant impact on cancer treatment in India:

  • Cost Reduction: By eliminating the 10% customs duty on these drugs, the government aims to make them more affordable for patients. This reduction in cost is crucial for patients who often face financial hardships due to the high expense of cancer treatment.
  • Increased Accessibility: Lower prices will likely lead to increased accessibility of these advanced cancer treatments. Patients who previously could not afford these medications may now have the opportunity to benefit from them.
  • Improved Outcomes: Access to these drugs can lead to better treatment outcomes, particularly for patients with HER2-positive breast cancer, specific types of lung cancer, and advanced bladder cancer. Improved access to effective treatments can enhance survival rates and quality of life for many cancer patients.

Conclusion

The Union Budget 2024’s focus on healthcare, particularly the exemption of customs duties on critical cancer drugs, represents a significant step towards improving cancer treatment in India. With an increasing number of cancer cases and the high cost of treatment, these measures are expected to provide much-needed relief to patients and their families. By making life-saving medications more affordable and accessible, the government aims to enhance the overall healthcare landscape and address the growing burden of cancer in the country.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperia m, eaque ipsa quae ab illo inventore veritatis et quasi arch itecto beatae vitae dicta sunt explicabo. Nemo enim ipsam vo luptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione volupta te m sequi nesciunt. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperia m, eaque ipsa quae ab illo inventore veritatis et quasi arch itecto beatae vitae dicta sunt explicabo.

Leave A Comment

Your email address will not be published *

About Author

about

Meet Our Expert Team, Led by Parth Parikh
With over 16 years of experience, Parth Parikh leads FourthP Pharma Solutions with expertise in pharmaceutical research, innovation, and strategic consulting. From a Research Associate to Senior Research Scientist and Assistant GM R&D, Parth has driven groundbreaking solutions. Now a trusted advisor, he helps pharmaceutical companies navigate regulations, optimize operations, and achieve sustainable growth. Our team is committed to unlocking your organization’s full potential in a competitive market.

Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Additional information
Click outside to hide the comparison bar
Compare