Germany Pharmacy Market 2023 : Projected to Deliver Greater Revenues during the Forecast Period 2028

Report Overview

Germanys Pharmacy market size stood at around USD 41.4 billion in 2019 and is projected to reach USD XX billion by 2028, exhibiting a CAGR of XX.X% during the forecast period.

Increasing patent applications that are focused on the development of novel drug delivery systems, new drugs, and formulations are anticipated to boost the market for pharmaceuticals. According to the European Patent Office (EPO) Patent Index 2019, the number of patent applications increased by 4.4% in 2018 in the pharmaceutical field. This growth in patent applications is estimated to accelerate innovations in the pharmaceutical industry.

Market Drivers

Along with increasing patent applications, the growing export of pharmaceuticals from the Federal Republic of Germany to various countries is anticipated to boost the growth of the market for pharmaceuticals. For instance, according to the German Pharmaceutical Industry Association (BPI), in 2018, pharmaceuticals worth USD 98.6 billion were exported from Germany.

This corresponds to an increase of 10.3% over the previous year. Furthermore, the U.S., Netherlands, and Switzerland are the top three main customers for pharmaceuticals from Germany. Favorable reimbursement scenario and pricing for pharmaceuticals companies &customers are expected to fuel the growth of the market for pharmaceuticals. For instance, in Germany, 90% of the population is covered by Statutory Health Insurance (SHI) and the remaining 10.0% is covered by special schemes and private insurance.

The presence of strong pipeline drugs in Phase III clinical trials is expected to be commercialized over the forecast period, thereby, driving the growth of the market for pharmaceuticals. For instance, Boehringer Ingelheim International GmbHs R & D pipeline consists of two candidates namely Empagliflozin and Nintedanib under phase III clinical trial for cardiovascular diseases and respiratory diseases.

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Major Players

Key players are focusing on the development and approval of new vaccines for infectious diseases to maintain a significant share in the market for pharmaceuticals in Germany. For instance, in November 2019, Merck Sharp and Dohme Corporation's ERVEBO vaccine was approved by the EU Commission against the Zaire Ebola virus for people of age 18 years and above. Some of the prominent players in the German pharmaceuticals market include:

Boehringer Ingelheim International GmbH
Bayer AG
Merck & Co., Inc.
Fresenius Kabi AG
STADA Arzneimittel AG
Pfizer Inc
Abbott
Abbvie Inc.
Teva Pharmaceutical Industries Ltd.
Novartis AG

The report delivers the challenges in front of the Germany Pharmacy Market 2023 that allows a better understanding of the market providing a helpful comprehensive evaluation and clear-cut dynamics associated with this market. The analyst has studied the current market scenario while concentrating on the new business objectives with the lucrative opportunities that are available. This report includes changes in customer requirements, customer preferences, and the vendor landscape in the industry with key factors that are expected to influence the overall dynamics of the Germany Pharmacys Market including the current trends, growth opportunities, restraints, and market drivers.

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By Drug Class:

Germany Pharmacy market can be categorized based on drug class as:
Anti-cancer
Anti-diabetics
Anti-rheumatics
Vaccines
Anti-viral
Immunosuppressants
Bronchodilators
Dermatological
Anti-hypertensive
Others

The anti-cancer segment accounted for the largest revenue share of XX.X% in 2019 due to the increasing prevalence of cancer and the commercialization of novel therapies to treat various types of cancers. For instance, according to GLOBOCAN 2018, there were 71,888 new cases of breast cancer, followed by lung cancer with 66,749 new cases, and 62,641 new prostate cancer cases.

By Application:

Germany Pharmacy market can be categorized by application on various diseases as:

Oncology
Infectious diseases
Cardiovascular diseases
Central Nervous System Disorders
Immunological Disorders
Metabolic Disorders
Gastrointestinal Disorders
Respiratory Diseases
Ophthalmology
Dermatology Disorders
Others

Oncology accounted for the largest revenue share of 15.5% in 2019 owing to increasing strategic initiatives such as collaboration, partnership, & others to develop & strengthen their portfolio.

For instance, in September 2019, Boehringer Ingelheim International GmbH and Lupin Ltd entered a partnership to license, develop, and commercialize Lupin's MEK inhibitor compound (LNP3794) for the treatment of cancers. Under the agreement, Boehringer Ingelheim will develop innovative KRAS inhibitors in combination with Lupin's lead MEK inhibitor compound for gastrointestinal and lung cancers.

Major Players

Key players are focusing on the development and approval of new vaccines for infectious diseases to maintain a significant share in the market for pharmaceuticals in Germany. For instance, in November 2019, Merck Sharp and Dohme Corporation's ERVEBO vaccine was approved by the EU Commission against the Zaire Ebola virus for people of age 18 years and above. Some of the prominent players in the German pharmaceuticals market include:

Boehringer Ingelheim International GmbH
Bayer AG
Merck & Co., Inc.
Fresenius Kabi AG
STADA Arzneimittel AG
Pfizer Inc
Abbott
Abbvie Inc.
Teva Pharmaceutical Industries Ltd.
Novartis AG

The Germany Pharmacy Market report is an easy-to-understand document giving section-wise details about the global market. Starting with the brief outline of the overall market, it will put forth the all-inclusive evaluated market statistics and different parameters for the forecast period. The report covers numerous aspects of the Germany Pharmacy market divided into product kind, application, and end-use, offering the report to assist the customers in improving their ability to make precise decisions related to the business under the Germany Pharmacy Market.

International Market Players will use the correct market facts and figures and applied math studies provided within the report back to perceive this and future growth of the worldwide Electrophoretic Germany Pharmacy market. Each section of the research study is specially prepared to explore key aspects of the global Germany Pharmacy Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global Germany Pharmacy market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.

This post-pandemic business planning research will aid clients to:
• Adjust their strategic planning to move ahead once business stability kicks in.
• Build resilience by making effective resource and investment choices for individual business units, products, and service lines.
• Conceptualize scenario-based planning to mitigate future crisis situations.

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Our qualified team of researchers, analysts, and consultants use in-depth qualitative research, quantitative research, and the latest recognized research techniques to offer an unrivaled level of detail and value to your research activities. Our market and competitive intelligence can be utilized by teams across multiple departments, including sales and business development, marketing, to:

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Strategic Points Covered in Table of Content of Global Germany Pharmacy Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Germany Pharmacy market
Chapter 2: Exclusive Summary - the basic information of the Germany Pharmacy Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Germany Pharmacy
Chapter 4: Presenting the Germany Pharmacy Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Germany Pharmacy market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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