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Key regions: France, India, United Kingdom, South Korea, Japan
The Multiple Sclerosis Drugs market in Estonia has shown significant growth in recent years.
Customer preferences: Patients in Estonia prefer disease-modifying therapies (DMTs) that are effective in reducing relapse rates and delaying disease progression. They also prefer oral medications over injectables, which has led to an increase in the demand for oral DMTs.
Trends in the market: The market is witnessing an increasing trend towards the use of biosimilars, which are cheaper alternatives to the original biologic drugs. This trend is driven by the government's efforts to reduce healthcare costs. Another trend is the shift towards personalized medicine, where treatments are tailored to individual patients based on their genetic makeup.
Local special circumstances: Estonia has a small population of around 1.3 million, which limits the size of the market. However, the country has a well-developed healthcare system and a high level of healthcare spending per capita. The government has implemented a centralized procurement system for drugs, which has helped to reduce costs and improve access to medicines.
Underlying macroeconomic factors: Estonia has a strong economy with a high level of economic freedom and a favorable business environment. The country has a well-educated workforce and a high level of digitalization, which has facilitated the adoption of new technologies in healthcare. The aging population and the increasing prevalence of multiple sclerosis are expected to continue driving demand for MS drugs in the country.
Data coverage:
Data encompasses B2B, B2G, and B2C spend. Figures are based on drug revenues allocated to the country where the money is spent. Monetary values are given at manufacturer price level excluding VAT.Modeling approach / Market size:
Market sizes are determined by a top-down approach, based on a specific rationale for each market. As a basis for evaluating markets, we use financial information of the key players by market. Next, we use relevant key market indicators and data from country-specific associations, such as industry associations. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. The main driver is healthcare expenditure. Expiring patents and new drugs in the pipeline are also considered.Additional notes:
Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. This market comprises prescription drugs and all OTC drugs covered in the Statista OTC Pharmaceuticals market. However, in the OTC Pharmaceuticals market, revenues are based on end-consumer prices.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)