Japan generic drugs market is
anticipated to grow with an impressive CAGR in the forecast period,
FY2023-FY2027. The market is expected to grow with the projected cumulative
annular growth rate on the account of surging demand for biosimilar drugs.
Increased medical expenses due to aging population and their demands for the
best effective healthcare services. Japan is the largest pharmaceutical market
in the world. Demand for the effective healthcare services is also driving the
growth of the Japan generic drugs market in the upcoming five years. Additionally,
government support to the generic drugs and supporting the lower-cost copycat
products is further supporting the growth of the Japan generic drugs market in
the upcoming five years. Oncology therapies, drugs for diabetes and immunosuppressive
agents are expected to substantiate the growth of the Japan generic drugs
market in the future five years. Due to increasing cost of healthcare services
the government is desperately trying to adopt to various methods such that best
possible healthcare services can be provided at more affordable cost as well as
to overcome the national debt that is estimated to be double than the country’s
GDP, these factors are also anticipated to show robust growth of the Japan
generic drugs market in the forecast period, until 2026.
The Japan generic drugs market
segmentation is based on type, mode of drug delivery, form, source,
distribution channel, application, regional distribution, top 3 states analysis
in each region, and competitional landscape. Based on type, the market is
divided between small molecule generics, and biosimilars. Biosimilars is
anticipated to hold the largest revenue shares of the market and dominate the
market segment in the upcoming five years on the account of surging demand for
the advanced biosimilars. Cost-effective nature of biosimilars and rising
acceptance and adoption by stake holders is further driving the growth of the
Japan generic drugs market in the next five years. Moreover, growing prevalence
of chronic diseases and the demand to overcome these diseases is further
substantiating the growth of the Japan generic drugs market in the future five
years.
Some of the top players in the Japan generic
drugs market is Nichi-Iko Pharmaceutical Co., Ltd., Sawai Pharmaceutical Co.,
Ltd., Towa Pharmaceutical Co., Ltd., Nipro Corporation, Daiichi Sankyo Co.,
Ltd., Meiji Holdings Co., Ltd., Nihon Chouzai Co., Ltd., Kyorin Pharmaceutical
Co., Ltd., Aska Pharmaceutical Co., Ltd., Takeda Pharmaceutical Company Limited,
Astellas Pharma Inc, Otsuka Pharmaceutical Co., Ltd., among others. Major
market players are actively dedicated in the research and development of the
advanced products such that the consumer’s demand could be fulfilled.
Consistent research ensures the future launches for the better products and
services. With rapidly surging demand for the advanced products, the new market
entrants would be able to establish their brand and thus their market-place.
Other strategies include collaborations and partnerships with the pre-existing
market players or the research institutes such that government funding can be
availed for the product development.
Years considered for this report:
Historical Years: FY2017 – FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023 – FY2027
Objective of the Study:
- To
analyze the historical growth of the
market size of Japan generic drugs market from FY2017 to FY2020.
- To
estimate and forecast the market size of Japan generic drugs market from
FY2021 to FY2027 and growth rate until FY2027.
- To classify and
forecast Japan generic drugs market based on type,
mode of drug delivery, form, source, distribution channel, application, regional
distribution, top 3 states analysis in each region, and competitional
landscape.
- To identify dominant region or segment in the Japan generic drugs market.
- To
identify drivers and challenges for Japan generic drugs market.
- To
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in Japan generic drugs market.
- To identify and analyze the profile
of leading players operating in Japan generic drugs market.
- To identify key sustainable strategies adopted by market players in
Japan generic drugs market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers, suppliers, and across the country. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufactures which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufactures, distribution channels and presence of all
major players across the country.
TechSci Research calculated the market size of Japan generic drugs market using a bottom-up approach,
wherein data for various end-user segments was recorded and forecast for the
future years. TechSci Research sourced these values from the industry experts
and company representatives and externally validated through analyzing historical
data of these product types and applications for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations and
financial reports were also studied by TechSci Research.
Key
Target Audience:
- Generic drugs manufacturers, end users, and other stakeholders
- Distributers and suppliers of Generic drugs and other stakeholders
- Organizations, forums and alliances related to generic drugs
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers, end users, etc., besides allowing them in strategizing investments
and capitalizing on market opportunities.
Report Scope:
In this report, Japan Generic drugs market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- Japan Generic
Drugs Market, By Type:
- Small Molecule Generics
- Biosimilars
- Japan Generic Drugs Market, By Mode
of Drug Delivery:
o Oral
o Topical
o Parenteral
o Others
- Japan Generic Drugs Market, By Form:
o Tablet
o Capsule
o Injection
o Others
- Japan Generic Drugs Market, By Source:
o In House
o Contract Manufacturing Organizations
- Japan Generic Drugs Market, By Distribution
Channel:
o Hospital Pharmacies
o Retail Pharmacies
o Online Pharmacies
o Others
- Japan Generic Drugs Market, By Application:
o Cardiovascular Diseases
o Diabetes
o Neurology
o Oncology
o Anti-Inflammatory Diseases
o Others
- Japan Generic Drugs Market, By Region:
- Hokkaido & Tohoku
- Kanto
- Chubu
- Kansai
- Chugoku
- Shikoku
- Kyushu
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Japan generic drugs market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following customization
options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
Japan Generic drugs Market
is an upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]