By 2030, it is anticipated that the France oncology drugs market will reach a value of $12.1 Bn from $5.4 Bn in 2022, growing at a CAGR of 10.6% during 2022-2030. The oncology drug market in France is dominated by a few large pharmaceutical companies such as Sanofi, Novartis, Roche, and Pfizer. The oncology market in France is segmented into different therapeutic areas, such as breast cancer, lung cancer, colorectal cancer, prostate cancer, and others. The market is also segmented based on treatment types, such as surgery, radiation therapy, chemotherapy, and targeted therapy.
By 2030, it is anticipated that the France oncology drugs market will reach a value of $12.1 Bn from $5.4 Bn in 2022, growing at a CAGR of 10.6% during 2022-30. In France, breast oncology was connected to the highest expenditure (2.1% of total expenditures) among the four specific oncology sites (lung, colorectal, and prostate).
In France in 2019, about 12% of total health spending went toward oncology care. In 2020, France was expected to have a 340 per 100,000 population age-standardized incidence rate of oncology. Comparatively speaking to other European nations, France has a higher cumulative risk of incidence, at 32.7%. As compared to other places, this one has a lower mortality risk of 11.2%. This is attributable to a competent healthcare system that the general public can access and rely on.
Market Growth Drivers Analysis
Strong spending trends in the French oncology market were notable; these trends were frequently linked to extremely expensive therapeutic innovations. This is demonstrated by the sharp rise in drug and device costs outside of the diagnosis-related group in 2017 for the treatment of lung oncology, which most likely came about as a result of the introduction of particular immunotherapies (nivolumab and pembrolizumab).
Market Restraints
The high cost involved in research and development in oncological drugs and high out-of-pocket expenditure can refrain new players to enter the market in France.
Key Players
January 2023: Servier and Aqemia announce an extension of their joint new-molecule discovery project focused on an immuno-oncology therapeutic target that is intractable. This extension continues the productive partnership between Servier and Aqemia that was started in December 2021 to use artificial intelligence to speed up the discovery of drug candidates in the field of immuno-oncology.
December 2022: Innate Pharma SA and Sanofi announced an expansion of their collaboration, with Sanofi licensing a natural killer (NK) cell engager program targeting B7H3 from Innate’s ANKETTM (Antibody-based NK Cell Engager Therapeutics) platform. Sanofi will also have the option to add up to two additional ANKETTM targets. Upon candidate selection, Sanofi will be responsible for all development, manufacturing, and commercialization.
A cardinal metric system that reflects the added value of the product is used in France to determine the maximum reimbursement level and price for new medications. Each pharmaceutical product is given two ratings: one that reflects the product's actual medical benefit (SMR - Service Médical Rendu), which establishes the level of reimbursement, and another that assesses whether the medical benefit has improved (ASMR - Amélioration du service médical rendu), which determines whether a price premium can be achieved or whether a discount will be necessary.
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Drug class
By Therapy
By Indication
By Dosage form
By Distribution channel
Methodology for Database Creation
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