Definition:
The Oncology Drugs market covers drugs to treat cancer, including chemotherapy and immunotherapy. These therapies are used for solid tumors and hematologic cancer. The medications in this market are mainly physician-administered drugs.
Additional information:
Market values represent the revenues generated by manufacture prices paid to primary vendors, either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), companies (B2B), and governments (B2G).
Company examples: Bristol-Myers Squibb, Roche, Merck & Co, Novartis, Johnson & Johnson
Notes: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war.
Most recent update: Jun 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Mar 2024
Most recent update: Mar 2024
Source: Statista Market Insights
The Oncology Drugs market in Benelux has been experiencing steady growth in recent years, driven by several key factors.
Customer preferences: Patients in Benelux are increasingly seeking personalized treatment options for their cancer, leading to a rise in demand for targeted therapies. Additionally, there is a growing awareness of the benefits of early cancer detection, leading to an increase in demand for screening and diagnostic tools.
Trends in the market: One major trend in the Oncology Drugs market in Benelux is the increasing use of immunotherapy, which harnesses the body's own immune system to fight cancer. This approach has shown promising results in treating certain types of cancer and is expected to continue to gain traction in the region. Another trend is the growing importance of biosimilars, which are lower-cost versions of biologic drugs. As patents for many biologics expire, biosimilars are expected to become increasingly prevalent in the market.
Local special circumstances: Benelux countries have a strong tradition of universal healthcare coverage, which means that the cost of cancer treatment is largely covered by the government. This has helped to ensure that patients have access to the latest treatments, regardless of their ability to pay. However, this also means that healthcare budgets are under pressure, leading to a focus on cost containment measures.
Underlying macroeconomic factors: The overall economic growth in Benelux has been steady, which has supported the growth of the Oncology Drugs market. However, there are concerns about the impact of Brexit on the region, particularly in terms of trade and investment. Additionally, the aging population in Benelux is expected to increase the incidence of cancer in the coming years, which will further drive demand for Oncology Drugs.
Most recent update: Jun 2024
Source: Statista Market Insights
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights