Market Potential

What each European market is actually worth, and what its price does to the others

DEMO | Fictional asset | Illustrative outputsVelantra (fictional)Systemic lupus erythematosusOral, once daily

All market prices, patient numbers, access timings, reference-pricing relationships and revenue outputs are illustrative demonstration assumptions.

Assessing an individual market

Market potential is assessed using four linked dimensions: achievable net price, realistically treatable volume, speed and certainty of access, and potential cross-market price impact.

Illustrative strategic judgement

Illustrative achievable net price

Not the list price. The illustrative price assumed to survive HTA, mandatory rebates and clawback.

Illustrative treatable volume

Eligible patients times an illustrative realistic penetration, rather than epidemiological prevalence.

Illustrative speed and certainty

Assumed months to reimbursement and the illustrative risk that an assessment lands unfavourably.

Illustrative cross-market price impact

How far this market's visible price could be referenced elsewhere, which may matter more than its own size.

Germany

Illustrative call: Launch

€13,522

Modelled achievable net per patient per year

Calculated model output
Illustrative attractiveness score
90/100
Eligible patients
4,200
Five year revenue
55.6m EUR
Months to reimbursement
6
HTA hurdle
High

United Kingdom

Illustrative call: Launch

€12,522

Modelled achievable net per patient per year

Calculated model output
Illustrative attractiveness score
78/100
Eligible patients
3,000
Five year revenue
30.4m EUR
Months to reimbursement
9
HTA hurdle
Moderate

France

Illustrative call: Launch

€11,146

Modelled achievable net per patient per year

Calculated model output
Illustrative attractiveness score
68/100
Eligible patients
3,600
Five year revenue
30.7m EUR
Months to reimbursement
15
HTA hurdle
High

Sweden

Illustrative call: Launch

€13,130

Modelled achievable net per patient per year

Calculated model output
Illustrative attractiveness score
66/100
Eligible patients
700
Five year revenue
9.4m EUR
Months to reimbursement
7
HTA hurdle
Low
All eight markets
Calculated model outputThe illustrative entry call column is a strategic judgement
MarketEligibleGeneric costAchievable netPremium vs genericMonthsHTA routeIllustrative reference-pricing exposure indexIllustrative 5-year revenueIllustrative entry call
Germany4,200€1,100€13,52212.3x6G-BA benefit assessment, then AMNOG price negotiation100%55.6m EURConsider launch
United Kingdom3,000€1,050€12,52211.9x9NICE single technology appraisal, VPAG rebate applies55%30.4m EURConsider launch
France3,600€950€11,14611.7x15HAS ASMR rating, then CEPS negotiation85%30.7m EURConsider launch
Sweden700€1,050€13,13012.5x7TLV value based assessment42%9.4m EURConsider launch
Netherlands900€1,000€11,97112.0x12ZIN assessment, financial arrangement for higher budget impact50%8.8m EURConsider launch
Italy3,100€780€8,94411.5x18AIFA negotiation with confidential managed entry agreement62%15.8m EURConsider later entry
Spain2,400€700€8,11811.6x16AEMPS therapeutic positioning, then CIPM pricing58%10.7m EURConsider later entry
Poland1,800€520€4,9549.5x22AOTMiT appraisal, risk sharing scheme required30%2.7m EURConsider later entry
Price against volume

Bubble size represents illustrative reference-pricing exposure. Markets in the upper right combine greater modelled volume with a stronger achievable net price.

Market notes
Illustrative strategic judgement

Germany

Free pricing is assumed for the first six months in this demonstration, followed by a negotiated price that several other markets may reference. The added benefit rating could strongly shape the outcome and would require validation.

France

A lower ASMR rating may cap the achievable premium. Convenience alone could be insufficient to lift the rating, so the renal endpoint is assumed in this demonstration to carry much of the case.

United Kingdom

Cost effectiveness driven, so adherence and avoided infusion costs could contribute directly to the modelled case. The clawback is assumed in this demonstration to erode the net price.

Italy

Assumed to be slower and price sensitive, and is treated in this demonstration as a market others may reference. Confidential arrangements could help and would require country-level validation.

Spain

Regional budgets may slow uptake further. A low visible price here is assumed in this demonstration to influence several other reference baskets.

Netherlands

Smaller volume, but assumed in this demonstration to be a disciplined referencing market that others may cite. Entry could be worth timing behind a defensible visible price.

Sweden

Assumed to be faster, value based and relatively tolerant of a rare disease premium. It could serve as an early proof point, which would require validation.

Poland

At a visible price, the wider corridor impact may exceed the local value in this demonstration. Later entry behind a confidential net price could be worth exploring.