By 2030, it is anticipated that the Italy Oncology Therapeutics Market will reach a value of $8 Bn from $4.3 Bn in 2022, growing at a CAGR of 7.9% during 2022-2030. The Oncology Therapeutics Market in Italy is dominated by a few domestic pharmaceutical companies such as Dompe, MolMed, and Menarini. The Oncology Therapeutics Market in Italy 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 Italy 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 Italy Oncology Therapeutics Market will reach a value of $8 Bn from $4.3 Bn in 2022, growing at a CAGR of 7.9% during 2022-2030.
Italy is a high-income, developed country located in Southern Europe comprising the boot-shaped Italian peninsula and several islands including Sicily and Sardinia. It is projected that approximately 377,000 new instances of malignant tumours will be diagnosed in Italy, with approximately 195,000 in males and approximately 182,000 in women. Every day in Italy, 1,030 people are diagnosed with cancer. Geographic comparisons reveal considerable North-South disparities in cancer prevalence in Italy. The average annual incidence rate in Central Italy and the South/Islands is lower.
Cancer is the main cause of mortality among people aged 30-69 in Italy. Cancer killed 180,085 individuals in Italy in 2017, accounting for 27.7 % of all deaths that year, with 100,123 men dying and 79,962 women dying. In Italy, alcohol consumption was responsible for 6.1 % of cancer deaths in men aged 15 and above. 7.2% of cancers are attributable to infections. Italy's government spends 9.6 % of its GDP on healthcare.
Market Growth Drivers
The 5-year survival rate in Italy is 54 % for males and 63 % for women, the highest in the European Union. The higher survival rate in women is since the most common cancer is breast cancer, which has a favourable prognosis when detected early. As a result, the national public healthcare system can give patients with effective and timely treatments. It is anticipated that more than 3.6 Mn Italians will have a cancer diagnosis by 2020, accounting for one in every 17 Italians, including 1.9 Mn women (6 % of the female population) and 1.7 Mn males (5.6 % of the male population). In Italy, tobacco smoking is the major cause of lung cancer, accounting for 85 to 90 % of cases. In Italy, the industrial sector is still highly regarded. These aspects could boost Italy Oncology Therapeutics Market.
Market Restraints
Despite the fact that Italy is a developed country with a strong healthcare system, funding for specialised research is restricted. This can make obtaining the necessary finances for research and development of new liver cancer treatments difficult. These factors may deter new entrants into the Italy Oncology Therapeutics Market.
Key Players
May 2022: Novartis has halted the manufacture of two cancer medications at plants in Italy and New Jersey owing to "possible quality concerns" discovered in the company's manufacturing procedures. As a result, the Swiss pharmaceutical company will temporarily suspend delivery of the two treatments, known as Lutathera and Pluvicto, while it tries to resolve the issue. Novartis stated that there is no indication of risk to patients treated with medication products previously manufactured at either of the locations and that treatment centres have been urged to monitor for any side effects.
The Italian National Health Service manages public healthcare spending for oncological disease treatment. The Italian Medicines Agency (AIFA) is the regulatory authority in charge of the approval and regulation of therapeutic medicines, particularly cancer therapies, in Italy. The "Stati di Conoscenza" (State of Knowledge) system in Italy also evaluates and reimburses novel cancer treatments. This method permits patients suffering from life-threatening or serious conditions, such as cancer, to receive therapies that have not yet been licenced for use in Italy.
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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