Italy's oncology clinical trials market is projected to grow from $303.6 Mn in 2022 to $448.6 Mn by 2030, registering a CAGR of 5% during the forecast period of 2022-30. The market will be driven by the rising incidence of cancer in Italy & well-established research infrastructure and regulatory environment. The market is segmented by phase, by study design & by indication. Some of the major players include Pfizer Inc., Roche Holding AG & MolMed S.p.A.
Italy's oncology clinical trials market is projected to grow from $303.6 Mn in 2022 to $448.6 Mn by 2030, registering a CAGR of 5% during the forecast period of 2022-30. The Italian public health system is regarded as one of the most advanced worldwide, with almost all patient expenditures covered. The system emphasizes both preventive and curative treatment. According to research on the functioning of the Italian healthcare system, Emilia Romagna had the highest grade in healthcare provision in 2022. According to Globocan 2020, the total incidence of all cancer was found to be 415 269. Out of which 13.3% were breast cancer cases, 11.7% were colorectum cases & 10.1% were lung cancer cases. Prostate cancer was the most common kind of cancer in males, with over 36 thousand new cases expected in 2020, followed by lung and colorectal cancer. Breast cancer was the most frequent kind of cancer in women, accounting for about 55 thousand cases in 2020, followed by colorectal and lung cancer.
According to the EU Clinical Trials Registry, about 4,000 current cancer clinical studies are underway in Italy, accounting for around 30% of all ongoing clinical trials in the nation. These studies include chemotherapy, targeted treatments, immunotherapies, and various cancer kinds and treatment techniques. In Italy, both public and private organizations, such as hospitals, university medical centers, research institutes, and commercial firms, undertake oncology clinical trials. The major institutes in this discipline are;
Market Growth Drivers
The Italian Association of Medical Oncology (AIOM) is a member of the European Organisation for Research and Treatment of Cancer (EORTC) and engages in several of its clinical trials. These partnerships have also aided Italy's status as a leader in the worldwide cancer research environment. With several world-renowned institutes and academic centers participating in cancer research, Italy has a well-developed research infrastructure. This provides a solid framework for the government to undertake clinical trials. The Italian government has shown a significant commitment to research and development in the healthcare industry, especially cancer. This includes clinical trial financing, infrastructural development, and tax exemptions for enterprises participating in R&D.
Market Restraints
The regulatory framework for clinical trials in Italy is extensive, which might be a barrier to entry for certain businesses. Clinical trial permission may be a time-consuming and expensive procedure, thus some organizations may choose to conduct studies in nations with more simplified regulatory systems. Despite the Italian government's commitment to promoting R&D in the healthcare industry, financing for clinical trials remains low. This may make it challenging for academics and firms to undertake clinical trials.
Key Players
Several international cooperation for cancer clinical trials includes Italian universities. The Italian Association of Medical Oncology (AIOM), is a member of the European Organisation for Research and Treatment of Cancer (EORTC) and takes part in several of its clinical trials. The regulatory framework for cancer clinical trials in Italy is comparable to that of other European nations. The Italian Medicines Agency (AIFA) is in charge of approving clinical trials and verifying that they adhere to ethical and scientific requirements in Italy. In general, the regulatory procedure for clinical study authorization is swift and simplified.
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Clinical Trials Regulation 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
6. Methodology and Scope
By Phase (Revenue, USD Billion):
By Study Design Outlook (Revenue, USD Billion):
By Indication Outlook (Revenue, USD Billion):
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