Romania Oncology Drugs Market Growing Trade Among Emerging Economies Opening New Opportunities

The Romania Oncology Drugs Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Romania Oncology Drugs market. This report explores all the key factors affecting the growth of the global Romania Oncology Drugs market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Description of the Romania Oncology Drugs Market

Research Scope and Assumption

The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
Inflation has not been accounted for in order to estimate and forecast the market
Numbers may not add up due to rounding off

Research Objective:

To analyze and forecast the market size of Romania Oncology Drugs Drugs market
To classify and forecast Romania Oncology Drugs Market market based on application, drugs, project type, and application.
To identify drivers and challenges for Romania Oncology Drugs market
To examine competitive developments such as mergers and acquisitions, agreements, collaborations and partnerships, etc., in Romania Oncology Drugs market
To conduct pricing analysis for Romania Oncology Drugs Drugs market
To identify and analyze the profile of leading players operating in Romania Oncology Drugs market

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Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Atopic Dermatitis market
Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
To strategically profile key players and comprehensively analyze their market shares and core competencies
We have technically sound team which do a deep dive research and also provide strategy-based consulting analysis

Romania Oncology Drugs Market Executive Summary

In 2012, the number of new cases of cancer in Romania was estimated at 78.760. In 2018, the estimated number of new cases is 83.461, so there is an increase in the overall incidence of cancer, although the population of Romania is steadily decreasing, consequently leading to the growth of the market.

Market Size and Key Findings

The Romania Oncology Drugs market size is at around USD xx billion in 2021 and is projected to reach USD xx billion in 2028, exhibiting a CAGR of xx% during the forecast period.

Number of new cases in 2020, both sexes, all ages cencer(12,938), lung cancer (12,122), Breast cancer (12,085), Prostate cancer(8055), Bladder cancer(5,135) and other cancers (48,5810. Thus, the growing incidence and prevalence of cancer are likely to drive the growth of the Oncology market in Romania during the forecast period.

Market Dynamics

Market Growth Drivers Analysis

The driving factors for the growth of the Romania oncology market include the ease in regulatory approval for novel cancer therapy in Europe, an increase in healthcare spending for cancer, rising prevalence of cancer, and strong R&D initiatives from key players.

Market Restraints

Inequality in access of cancer therapy and High cost of cancer therapies are associated with the oncology drugs are likely to restrain the growth of the market.

COVID-19 impact on "Romania Oncology Drugs Market

The pandemic has directly affected the supply of oncology drugs to cancer patients; not only is it difficult to administer chemotherapy and certain other treatments outside of a clinic, but the spread of coronavirus has reduced patients willingness and ability to access not just treatments, but trials for new medicines.

Pandemics interference with the research and development of new treatments is one of the most significant blows that has been dealt to the cancer drugs market.

Competitive Landscape

Key Players

Key market players include Amgen Inc., Bayer AG, Bristol-Meyrs Squibb Company, Hoffmann-La Roche Ltd, GlaxoSmithKline PLC, Johnson & Johnson, Merck & Co. Inc., Novartis AG and Pfizer Inc.

Products in Pipeline

Pfizer has pipeline drugs - ER+/HER2- Metastatic Breast Cancer ER-targeting PROTAC protein degrader, transforming growth factor, beta receptor 1 (TGFBR1) Inhibitor, both are in Phase 1 trial.

Notable Recent Deals

29 October 2021

Romanian private medical services provider MedLife Medical System (M), listed on the Bucharest Stock Exchange (BVB), confirmed the acquisition of 50% of the shares of Neolife Romania oncology centres, one of the largest medical players in the oncology segment in Romania and a well-known player in Eastern Europe.

This acquisition is an essential step in the development of oncology at the group level, Neolife being a solid brand in the radiation oncology and nuclear medicine market segments in Turkey, Romania, and the region, with exceptional results for Romanian patients.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of Romania Oncology Drugs Services

Firm antitobacco policies were implemented, in agreement with the MPOWER strategies recommended by the World Health Organization (WHO). As of January 2012, the recognized "official" standard of care in lung cancer is still represented by the 2009 edition of the European Society for Medical Oncology (ESMO) guidelines. Cancer treatment is free, as the National Program of Oncology covers the budget for all cytotoxic agents and targeted therapy. However, reimbursement for several expensive drugs such as pemetrexed, erlotinib, and bevacizumab is individually approved by a centralized commission.

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Oncology Drugs Market Segmentation

By Treatment Type:

Availability of various advance oncology treatment such as targeted therapy and hormonal therapy among others will enhance the segment expansion.

Chemotherapy
Immunotherapy
Target Therapy
Hormonal Therapy
Other Treatment Type

By Cancer Type:

The cancer segment is expected to rise exponentially during the forecast period. The growing prevalence of cancer and rising awareness regarding therapeutics will boost the segment's growth.

Prostate Cancer
Gastrointestinal Cancer
Gynecologic Cancer
Respiratory/Lung Cancer
Stomach Cancer
Other Cancer Types

By End User Type:

Based on the End User Type market is segmented into Hospitals, Speciality Clinics and Cancer and Radiation Therapy Centers

Hospitals
Speciality Clinics
Cancer and Radiation Therapy Centers

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Romania Oncology Drugs Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global Romania Oncology Drugs Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Romania Oncology Drugs market
Chapter 2: Exclusive Summary - the basic information of the Romania Oncology Drugs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Romania Oncology Drugs
Chapter 4: Presenting the Romania Oncology Drugs 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 Romania Oncology Drugs 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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