Key regions: Germany, India, United Kingdom, China, Canada
The Oncology Drugs market in Argentina has been experiencing significant growth in recent years, with a number of contributing factors driving this trend.
Customer preferences: Patients in Argentina are increasingly seeking out more effective and innovative treatments for cancer, leading to a rise in demand for oncology drugs. In particular, there has been a growing interest in targeted therapies and immunotherapies, which offer a more personalized approach to treatment.
Trends in the market: One key trend in the Argentine Oncology Drugs market is the increasing availability of biosimilars, which are lower-cost versions of biologic drugs. This has helped to expand access to treatment for a wider range of patients, particularly those who may not have been able to afford the high cost of traditional biologics. Additionally, there has been a growing focus on developing combination therapies, which can offer more effective treatment options by targeting multiple pathways involved in cancer growth.
Local special circumstances: Argentina has a well-established healthcare system, with a strong emphasis on public healthcare. This has helped to ensure that a wide range of patients have access to cancer treatments, including those who may not be able to afford private healthcare. Additionally, the country has a strong pharmaceutical industry, with a number of local companies producing oncology drugs.
Underlying macroeconomic factors: The Argentine economy has been facing a number of challenges in recent years, with high inflation and currency devaluation causing significant economic instability. Despite this, the healthcare sector has remained relatively resilient, with the government continuing to invest in healthcare infrastructure and drug development. Additionally, the country has a large and growing elderly population, which is driving demand for cancer treatments as the incidence of cancer increases with age.
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.
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