Oncology Drugs - Netherlands

Netherlands

In the Netherlands, the projected revenue in the Oncology Drugs market is expected to reach US$1.11bn by 2024.
This market is projected to show an annual growth rate (CAGR 2024-2028) of 13.93%, resulting in a market volume of US$1.87bn by 2028.
Comparatively, United States will generate the highest revenue of US$114,600.00m in 2024.
The Netherlands is experiencing a surge in the development and adoption of personalized oncology drugs, revolutionizing cancer treatment in the country.

Key regions: Germany, India, United Kingdom, China, Canada

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Analyst Opinion

The Netherlands is one of the most densely populated countries in Europe and has a highly developed economy. The pharmaceutical industry is one of the most important sectors in the country, accounting for a significant portion of the country's GDP. The Oncology Drugs market in the Netherlands has been developing in a certain way due to various factors.

Customer preferences: The Netherlands is known for having a highly educated population that is well-informed about their healthcare options. Patients in the Netherlands are generally well-informed about the latest treatments and are willing to pay a premium for cutting-edge therapies. As a result, there is a strong demand for innovative oncology drugs in the country.

Trends in the market: The Oncology Drugs market in the Netherlands has been growing steadily over the past few years, driven by the increasing prevalence of cancer in the country. The market has been dominated by a few large pharmaceutical companies, but there has been a rise in the number of smaller biotech firms that are developing innovative therapies. One of the key trends in the market is the shift towards personalized medicine, where treatments are tailored to individual patients based on their genetic makeup.

Local special circumstances: The Dutch healthcare system is known for being highly regulated, with a strong emphasis on cost-effectiveness. The government plays a significant role in regulating drug prices and determining which treatments are covered by insurance. As a result, companies that want to succeed in the Dutch market need to be able to demonstrate the cost-effectiveness of their products.

Underlying macroeconomic factors: The Netherlands has a stable and prosperous economy, which has helped to create a favorable environment for the pharmaceutical industry. The country has a highly educated workforce and a well-developed infrastructure, which has made it an attractive location for pharmaceutical companies to set up operations. Additionally, the Dutch government has been supportive of the pharmaceutical industry, providing incentives for companies to invest in research and development.In conclusion, the Oncology Drugs market in the Netherlands has been growing steadily due to the increasing prevalence of cancer and the strong demand for innovative therapies. Companies that want to succeed in the Dutch market need to be able to demonstrate the cost-effectiveness of their products. The trend towards personalized medicine is also expected to continue, as patients in the Netherlands are well-informed about their healthcare options and are willing to pay a premium for cutting-edge treatments.

Methodology

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.