Italy Cancer Pain Management Market Analysis

Italy Cancer Pain Management Market Analysis


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Italy's Cancer Pain Management market is projected to grow from $156.48 Mn in 2022 to $227.69 Mn by 2030, registering a CAGR of 4.8% during the forecast period of 2022-2030. The main factors driving the growth would be technological developments in pain management methods and government initiatives. The market is segmented by drug type and by disease. Some of the major players include Molteni Farmaceutici (ITA), Italfarmaco (ITA), Grunenthal Pharma, Pfizer, and Abbott.

ID: IN10ITHS002 CATEGORY: Healthcare Services GEOGRAPHY: Italy AUTHOR: Neha Davda

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Italy Cancer Pain Management Market Executive Summary

Italy's Cancer Pain Management market is projected to grow from $156.48 Mn in 2022 to $227.69 Mn by 2030, registering a CAGR of 4.8% during the forecast period of 2022 - 2030. In 2019, Italy spent $2,906 per person on healthcare or 8.67% of its GDP. In 2019, health spending lagged substantially behind the EU average in both per capita spending and as a percentage of GDP. Approximately 74% of health spending in 2019 was supported by the government, which is less than the 80% average for the EU.

Several illnesses of acute and chronic pain are related to cancer. Gene alterations brought on by cancer affect essential cell-regulatory proteins. These changes encourage abnormal cell behaviour, which then fuels unchecked cell proliferation and the ensuing destruction of neighbouring healthy tissues. By pressing on bones, nerves, and other body parts, these tumours put pressure on the body and cause pain. Cancer pain can also be felt while undergoing severe cancer therapy, particularly in more advanced stages of the disease. In addition to having some of the top pharmaceutical companies actively involved in the development of novel analgesics, Europe is a recognised player in the global market for the treatment of cancer pain.

italy cancer pain management market analysis

Market Dynamics

Market Growth Drivers

The market for cancer pain management in Italy is anticipated to expand as a result of technological developments in pain management methods and goods, such as the creation of new, more potent painkillers and the rise in the use of minimally invasive procedures. Moreover, The Italian government has worked to increase cancer patients' access to pain-management therapies. For instance, the National Cancer Plan has provisions to better manage pain associated with cancer, such as boosting access to specialised pain clinics and the availability of painkillers.

Market Restraints

Despite growing recognition of the need for adequate pain management for cancer patients, Italian patients still lack understanding and education, which may restrict access to efficient pain management treatments. Further, strict regulatory regulations tend to postpone the approval and introduction of novel pain management medicines and limit the accessibility of some goods to patients apply to the Italian market for cancer pain management treatments and limit the market growth.

Competitive Landscape

Key Players

  • Molteni Farmaceutici (ITA)
  • Italfarmaco (ITA)
  • Grunenthal Pharma
  • Pfizer
  • Abbott

Healthcare Policies and Regulatory Landscape

The European Medicines Agency (EMA) and the Italian Ministry of Health oversee the regulatory framework for the market for cancer pain management in Italy. The National Health Service (NHS) in Italy is in charge of administering medical care and paying for prescription drugs.  Prior to being marketed in Italy, all pain management medications, including those used to treat cancer pain, must have clearance from the Italian Medicines Agency (AIFA). The approval procedure entails a detailed assessment of the drug's efficacy and safety as well as proof of its affordability.

Reimbursement Scenario

The National Health Service (NHS) controls the majority of the reimbursement conditions for the Italian cancer pain management market. In Italy, the NHS is in charge of covering all necessary medications, including those used to treat cancer pain. Drug producers and the NHS negotiate prices to determine reimbursement for cancer pain medications, with the final price dependent on the drug's therapeutic value. Drugs with a high perceived therapeutic benefit and a favourable cost-effectiveness ratio are more likely to be reimbursed with favourable terms.

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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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.

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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
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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: 10 February 2023
Updated by: Riya Doshi

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