By 2030, it is anticipated that the Spain oncology drugs market will reach a value of $8.5 Bn from $3.8 Bn in 2022, growing at a CAGR of 10.6% during 2022-2030. The oncology drug market in Spain is dominated by a few large pharmaceutical companies such as Highlight Therapeutics, Peptomyc, and Oryzon Genomics. The oncology market in Spain is segmented by different therapeutic areas, into breast cancer, lung cancer, colorectal cancer, prostate cancer, and others. The market is also segmented based on treatment type, such as surgery, radiation therapy, chemotherapy, and targeted therapy.
By 2030, it is anticipated that the Spain oncology drugs market will reach a value of $8.5 Bn from $3.8 Bn in 2022, growing at a CAGR of 10.6% during 2022-2030. The oncology drug market in Spain is a significant market within the European Union. Spain has a high incidence of cancer and a strong healthcare system, which drives demand for oncology drugs.
In 2020, the incident number of cancer cases in Spain was 282,421. The cumulative risk of cancer was 47%, of which the maximum risk is for prostate cancer i.e., 16.2%. In 2020, the number of deaths by cancer in Spain was 186 per 100,000 patients. Healthcare spending in Spain was about $2,724 per capita in 2020, which was 10.7% of their GDP. Every third woman and every second man in Spain is a cancer patient. But along with that, in the past 20 years, there has been a 20% increase in the nation's cancer survival rate. Precision in diagnosis and cutting-edge medical techniques enable this.
Market Growth Drivers Analysis
Due to the most recent developments in oncological therapy, about 60% of foreign patients choose Spain for cancer treatment, and roughly 70% of paediatric cancer patients receive successful treatment in Spanish hospitals. In Spain, the prevalence of cancer patients is also increasing. Every third woman and every second man in Spain is a cancer patient. The country’s cancer survival rate has increased by 20% in the past 20 years. This is made possible by accurate diagnosis and advanced treatment methods.
Key Players
July 2022: Oryzon Genomics, a clinical-stage biopharmaceutical company leveraging oncological epigenetics to develop therapies in diseases with strong unmet medical needs, announced the start of a preclinical collaboration with the CMT Research Foundation (CMTRF), a U.S.-based patient-led, non-profit organization focused on delivering treatments and cures for Charcot-Marie-Tooth (CMT) disease, to explore Oryzon’s histone deacetylase 6 (HDAC6) inhibitors.
January 2020: Spain's Esteve sells a plant and then buys one as it refocuses on oncology drugs. Esteve, which is turning its focus toward branded and specialty drugs, has a deal to buy Berlin-based Riemser from private investment group Ardian. In the deal, Esteve gets a German manufacturing site and a portfolio of specialty drugs targeted at hospitals. Riemser primarily makes and sells oncology and neurology drugs as well as what it calls “niche therapies.”
Spain's citizens have access to cancer treatments through its national healthcare system. The nation's drug approval and regulation are handled by the Spanish Agency of Medicines and Medical Devices (AEMPS). The Spanish Public Health System (SNS)'s Pricing and Reimbursement (PR) is then established by the Inter-Ministerial Commission for the Pricing of Medicines (CIPM).
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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