Pharmaceuticals - France

France

The Pharmaceuticals market in France is expected to reach a revenue of €25.32bn by 2024.
Among the various markets, Oncology Drugs is projected to be the largest, with a market volume of €4.41bn in 2024.
The industry is anticipated to experience a steady annual growth rate of 4.20% (CAGR 2024-2029), resulting in a market volume of €31.11bn by 2029.
When compared globally, United States is forecasted to generate the highest revenue, amounting to €584.50bn in 2024.
France's pharmaceutical market is seeing an increase in government regulations, leading to tighter restrictions on drug pricing and reimbursement.

Key regions: United States, China, Germany, Japan, Europe

Definition:
The Pharmaceuticals market covers remedies used to cure, treat, prevent, and diagnose diseases. These small molecule drugs or biologic medical products may be called drugs, medications, or medicines. Prescription drugs and over-the-counter (OTC) drugs are both included. Next generation therapies are also part of the Pharmaceuticals market and include gene therapy, cell therapy, and nucleic acid therapy. Cell therapies involve the use of living cells to replace or repair damaged tissues within the patient's body, or to modify cells to perform specific functions. Gene therapies focus on altering a patient’s genetic material to regulate the production of certain proteins. Nucleic acid therapies use short strands of DNA or RNA to inhibit the production of harmful proteins associated with diseases and promote the generation of therapeutic proteins. Depending on the regulations in each country, these products are provided by pharmacies, hospitals, physicians, and/or drug stores, and/or they can be bought elsewhere. They may be administered in the form of pills, capsules, gels, ointments, injections, infusions, lozenges, or aerosols/sprays.

Structure:
The market is subdivided into Oncology Drugs, Anti-Diabetes Drugs, Anti-Rheumatic Drugs, Vaccines, Dermatological Drugs, Antiviral Drugs, Immunosuppressants, Bronchodilator Drugs, Sensory Organ Drugs, Anti-Hypertensive Drugs, Anti-Coagulants, Anti-Fibrinolytic Drugs, Multiple Sclerosis Drugs, Lipid-Lowering Agents and Other Pharmaceuticals. The Pharmaceuticals market is organized in markets that cover drugs used in specific medical fields, i.e., medicines for a specific disesase or a certain type of medicine. They include original brands, biosimilars, generics, and orphan drugs.The Oncology Drugs market covers pharmaceutical products specifically developed for the treatment and management of various cancers. The Anti-Diabetes Drugs market covers medications designed to manage blood glucose levels and improve insulin sensitivity in individuals with diabetes. The market Anti-Rheumatic Drugs includes pharmaceuticals specifically developed to alleviate symptoms, reduce inflammation, and modify the progression of rheumatic diseases. The Dermatological Drugs market covers pharmaceuticals formulated to treat and manage a wide range of skin conditions such as eczema, acne, and rosacea. The Antiviral Drugs market includes medications designed to treat viral infections and reducing the severity and duration of symptoms. The Immunosuppressants market covers pharmaceuticals that suppress the immune system's activity. The Bronchodilator Drugs market covers pharmaceuticals designed to relax and widen the airways in the lungs. The Sensory Organ Drugs market covers pharmaceuticals targeting the treatment of disorders and conditions affecting sensory organs such as the eyes, ears and nose. The Anti-hypertensive Drugs market covers pharmaceuticals designed to lower blood pressure levels. The Anti-Coagulants Drugs market covers pharmaceuticals developed to prevent the formation of blood clots or to dissolve existing clots. The Anti-Fibrinolytics Drugs market covers pharmaceuticals designed to inhibit the breakdown of blood clots. The Multiple Sclerosis Drugs market covers pharmaceuticals aimed at managing and modifying the course of multiple sclerosis. The Lipid-Lowering Agents market covers pharmaceuticals developed to reduce levels of cholesterol and other lipids in the blood. The Other Pharmaceuticals market provides information on additional specialties that are not covered by the main markets.

Additional information:
Market values represent the revenues generated by manufacture prices paid to primary vendors, either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), companies (B2B), and governments (B2G).

Company examples: Novartis, Roche, Pfizer, Merck & Co, Johnson & Johnson, AbbVie, Sanofi.

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

France is one of the world's largest pharmaceutical markets, with a strong focus on research and development. In fact, France is home to some of the biggest pharmaceutical companies in the world.

Customer preferences: French consumers tend to prefer branded drugs over generic ones, as they perceive them to be of higher quality. This has led to a higher market share for branded drugs in France compared to other European countries. Additionally, there is a growing trend towards natural and alternative medicines, which has led to an increase in demand for products in this category.

Trends in the market: One of the major trends in the French pharmaceutical market is the increasing focus on innovation and research and development. French companies are investing heavily in developing new drugs and therapies, particularly in areas such as oncology, immunology, and rare diseases. Another trend is the growing importance of digital technologies in healthcare, which is leading to the development of new products and services in this area.

Local special circumstances: France has a highly regulated pharmaceutical market, with strict pricing controls and reimbursement policies. This can make it challenging for companies to enter the market, but it also ensures that drugs are accessible to all French citizens. Additionally, France has a strong tradition of public healthcare, which means that the government plays a significant role in shaping the pharmaceutical market.

Underlying macroeconomic factors: The French pharmaceutical market is influenced by a range of macroeconomic factors, including demographic changes, healthcare spending, and government policies. For example, an aging population is driving demand for drugs and healthcare services, while healthcare spending is under pressure due to budget constraints. Government policies, such as pricing controls and reimbursement policies, also have a significant impact on the market. Overall, the French pharmaceutical market is likely to continue to grow in the coming years, driven by innovation, changing consumer preferences, and underlying macroeconomic factors.

Methodology

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.