Ireland Cancer Pain Management Market Analysis

Ireland Cancer Pain Management Market Analysis


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Ireland's Cancer Pain Management market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022-2030. The main factors driving the growth would be aging populations, government support and initiatives, rising cancer incidences, and rising demand for pain management solutions. The market is segmented by drug type and by disease. Some of the major players include Endo International (IRL), Medtronic (IRL), Grunenthal Pharma, Pfizer, Teva Pharmaceuticals, and Abbott.

ID: IN10IEHS002 CATEGORY: Healthcare Services GEOGRAPHY: Ireland AUTHOR: Neha Davda

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Ireland Cancer Pain Management Market Executive Summary

Ireland's Cancer Pain Management market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Ireland's national healthcare spending as a share of GDP in 2019 was 6.68% or $5,429 per person. Ireland spends almost as much per person on healthcare as the EU average.

Cancer itself or treatments like surgery and chemotherapy that are used in conjunction with it can both lead to pain from the disease. The selection and usage of medications are influenced by the type, location, and pain intensity experienced. A number of medications are used to relieve the pain brought on by cancer. It is recommended to utilize strong opioids rather than non-opioids like acetaminophen and NSAIDs in cases of severe pain while treating mild to moderate cancer pain, for instance. Europe is a recognized player in the global market for the treatment of cancer pain, and it is also home to some of the leading pharmaceutical firms that are actively engaged in the creation of novel analgesics. Ireland has the second highest overall cancer rate (men and women combined), at 326.6 per 100,000.

Market Dynamics

Market Growth Drivers

Aging populations, government support and initiatives, rising cancer incidences, and rising demand for pain management solutions are all anticipated to have a positive impact on the Ireland cancer pain management market. Ireland has the second highest overall cancer rate (men and women combined), at 326.6 per 100,000.

Market Restraints

Some pain relievers include side effects such as nausea, dizziness, urinary incontinence, sleep issues, and constipation, which can limit their use and have an impact on the growth of the cancer pain management market. Also, Cancer pain can be difficult to accurately diagnose and monitor, which can prevent patients from receiving the appropriate care and limit the market growth.

Competitive Landscape

Key Players

  • Endo International (IRL)
  • Medtronic (IRL)
  • Grunenthal Pharma
  • Pfizer
  • Teva Pharmaceuticals
  • Abbott

Notable Recent Deals

July 2022: Medtronic entered into a strategic partnership with CathWorks, a coronary artery disease (CAD) technology developer. In accordance with the agreement, Medtronic will contribute up to $75 million and start co-promoting CathWorks' FFRangio system which is commercially accessible in the U.S., Europe, and Japan. Following the achievement of some unspecified milestones, a separate agreement gives Medtronic the option to purchase CathWorks.

Healthcare Policies and Regulatory Landscape

In Ireland, the Health and Social Care Professionals Council (CORU) and the Health Products Regulatory Authority (HPRA) are largely in charge of regulating the field of pain treatment. These organizations are in charge of establishing standards of practice and making sure that healthcare providers and products adhere to high standards of quality and safety.

A number of policy initiatives have also been implemented by the Irish government with the goal of improving chronic pain management in Ireland. Included in this is the National Chronic Pain Strategy, which specifies a thorough method for diagnosing, treating, and managing chronic pain as well as the creation of a National Pain Management Centre.

Reimbursement Scenario

The Irish Health Services Executive (HSE), which is in charge of running the public health system in Ireland, is largely responsible for establishing payment guidelines for pain management. The HSE establishes the payment rates for healthcare services and treatments that fall within the public health insurance program.

The HSE offers a variety of services for pain management, including prescription drugs, physiotherapy, and some specialist consultations. Some treatments, such as surgery and specific procedures, could need prior HSE approval and might not always be covered. Treatments for pain management are also covered by private health insurance, however, the level of coverage and reimbursement rates may differ between insurers.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 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 Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Cancer Pain Management Market Segmentation

By Drug Type (Revenue, USD Billion):

Non-steroidal anti-inflammatory medicines relieve pain at the site of injury by blocking the cyclooxygenase enzyme, which prevents prostaglandin formation. NSAIDs are a class of medications that includes medications with analgesic, antipyretic, and, at higher doses, anti-inflammatory properties.

  • Opioids
  • Morphine
    • Fentanyl
    • Others
  • Non-Opioids
  • Acetaminophen
  • Non-Steroidal Anti-Inflammatory Drugs (NSAIDs)
  • Nerve Blockers

By Disease Indication (Revenue, USD Billion):

Based on disease Indication the market is segmented into:

  • Lung Cancer
  • Colorectal cancer
  • Breast cancer
  • Prostate cancer
  • Blood cancer
  • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 08 February 2023
Updated by: Riya Doshi

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