By 2030, it is anticipated that the Germany Oncology Therapeutics Market will reach a value of $11 Bn from $6.6 Bn in 2022, growing at a CAGR of 6.6% during 2022-30. The Oncology Therapeutics Market in Germany is dominated by a few domestic pharmaceutical companies such as Bristol Myers Squibb, Boehringer Ingelheim, and CureVac. The Oncology Therapeutics Market in Germany is segmented into different types of cancer and different therapy type. The major risk factors associated with cancer are diet, alcohol, tobacco, air pollution, and physical inactivity. The demand for Germany Oncology Therapeutics is increasing on account of the rise in initiatives taken by the Government of the country.
By 2030, it is anticipated that the Germany Oncology Therapeutics Market will reach a value of $11 Bn from $6.6 Bn in 2022, growing at a CAGR of 6.6% during 2022-30.
Germany is a developed, high-income country in the centre of Western Europe. In Germany, approximately 502,655 new cancer cases were identified in 2019. Cancer is the second leading cause of death, accounting for 25% of all deaths. Lung cancer is the second leading cause of death in males, after cardiovascular disease, accounting for 6.5 % of all-cause mortality. There were around 267,730 male cases and 234,925 female cases. Approximately half of the cases (71,375) were diagnosed in the breast, the prostate (68,579), the colon (58,967), or the lung (59,221). The absolute number of new cancer cases grew by 12% for men and 5% for women between 2009 and 2019. In Germany, around 1.6 Mn people have had cancer that was diagnosed during the last five years.
According to the German Cancer Research Center (DKFZ), at least 37% of all new cancer cases in Germany can be related to avoidable or at least changeable risk factors such as smoking, nutrition difficulties, and obesity. Smoking is responsible for around 19% of all annual incident cancer cases in Germany. Germany's government spent 12.8 % of its GDP on healthcare in 2020.
Market Growth Drivers Analysis
In the German health system, radiation oncology is a readily available resource. According to the German Society for Radiation Oncology, there are currently over 700 institutes in Germany that provide radiotherapy services. Many alternative cancer treatments are available in Germany, including photodynamic laser therapy, hyperthermia, and Galvano therapy. Alternative cancer treatments have grown in popularity in Germany in recent years. Germany has a low structural unemployment rate and an extensive apprenticeship programme. These aspects could boost German Oncology Therapeutics Market.
Market restraints
Total financed pre-launch R&D costs in Germany were reported to range from $161 Mn to $4.54 Bn (2019 US dollars). Anticancer drugs had the highest therapeutic area-specific estimates (between $944 Mn and $5.4 Bn). Despite immigration, the German labour force is expected to shrink beginning in 2020. These factors may deter new entrants into the German Oncology Therapeutics Market.
Key Players
March 2023: Due to pricing pressures, Bristol-Myers Squibb (BMS) has chosen not to offer its cancer medicine Opdualag (nivolumab and relatlimab) in Germany. The European Commission initially authorised the medication in September 2022 as a first-line option for advanced melanoma in adults and adolescents aged 12 years and older. This was based on an exploratory examination of data from a phase 2/3 trial, which revealed that the fixed-dose combination more than doubled the median progression-free survival when compared to nivolumab monotherapy, which was previously considered the gold standard of care.
January 2023: 3T Biosciences and Boehringer Ingelheim announced a strategic collaboration and licencing agreement to study and develop next-generation cancer therapies to address large unmet patient needs. The collaboration will bring together 3T Biosciences' best-in-class 3T-TRACE (T-Cell Receptor Antigen and Cross-Reactivity Engine) discovery platform and Boehringer Ingelheim's two-pronged research strategy that combines cancer cell-directed and immune cell-targeting compounds, bolstering the company's pipeline.
In Germany, the regulatory authority responsible for the approval and regulation of therapeutic products, including cancer therapeutics, is the Federal Institute for Drugs and Medical Devices (BfArM). The German government also runs a special fund known as the Innovation Fund, which funds innovative healthcare projects such as the development of novel cancer treatments.
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
Oncology Therapeutics Segmentation
By Application (Revenue, USD Billion):
By Drugs (Revenue, USD Billion):
By Therapy (Revenue, USD Billion):
By Route of Administration (Revenue, USD Billion):
By Distribution Channel (Revenue, USD Billion):
Methodology for Database Creation
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