Japan pharmaceuticals 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 pharmaceutical and pharmaceutical
products. Moreover, rising demand for the cheaper healthcare services and
products is also driving the growth of the Japan pharmaceuticals market in the
upcoming five years. Additionally, emergence of the new technologies, and
development of more efficient methods for the pharmaceutical manufacturing is
further supporting the growth of the Japan pharmaceuticals market in the next
five years. Advanced medicines like genomic medicines, nuclear medication,
regenerative medicine etc. are also aiding the growth of the Japan
pharmaceuticals market future five years. Recent case of pandemic due to
widespread viral infection of COVID-19, also positively impacted the Japan
pharmaceuticals market. To fulfill the demand the country is already suffering
from a national debt of more than USD10 trillion. With the help of cheap labor
and increased production for the pharmaceutical products and drugs the market
players may support the future growth of the Japan pharmaceuticals market.
Japan pharmaceuticals market is
segmented by drug type, product type, application, distribution channel,
competitional landscape, and regional distribution. Based on drug type, the
market is further divided into generic drugs and branded drugs. Generic drugs are
anticipated to holds the largest revenue shares of the market and assert its
dominance over the market segment on the account of increased government
support toward production of generic drugs. Moreover, the country is already
suffering from the heavy debts due to higher expenses of healthcare sectors. To
minimize the healthcare cost, the government is promoting the production and
usage of generic drugs over branded drugs. Branded drugs are also expected to
register significant growth in the next five years on the account of higher
sale prices of the product and increased demand for the pharmaceuticals in the
country. Furthermore, rapidly increasing geriatric population is also
supporting the growth of the Japan pharmaceuticals market in the forecast
period.
Some of the top players in the Japan pharmaceuticals
market is Takeda Pharmaceutical Company Limited, Chugai Pharmaceutical Co.,
Ltd. (Roche), Sawai Pharmaceutical Co. Ltd., Daiichi Sankyo Company, Limited, Astellas
Pharma Inc, Nichi-Iko Pharmaceutical Co Ltd, Towa Pharmaceutical Co. Ltd., 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 pharmaceuticals market from FY2017 to FY2020.
- To
estimate and forecast the market size of Japan pharmaceuticals market from
FY2021 to FY2027 and growth rate until FY2027.
- To classify and
forecast Japan pharmaceuticals market based on drug
type, product type, application, distribution channel, regional
distribution, and competitional landscape.
- To identify dominant region or segment in the Japan pharmaceuticals
market.
- To
identify drivers and challenges for Japan pharmaceuticals market.
- To
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in Japan pharmaceuticals market.
- To identify and analyze the profile
of leading players operating in Japan pharmaceuticals market.
- To identify key sustainable strategies adopted by market players in
Japan pharmaceuticals 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 pharmaceuticals 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:
- Pharmaceuticals manufacturers, end users, and other stakeholders
- Distributers and suppliers of pharmaceuticals and other
stakeholders
- Organizations, forums and alliances related to pharmaceuticals
- 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 pharmaceuticals market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- Japan Pharmaceuticals
Market, By Drug Type:
- Generic Drugs
- Branded Drugs
- Japan Pharmaceuticals Market, By Product
Type:
o Prescription Drugs
o Over-The-Counter Drugs
- Japan Pharmaceuticals Market, By Application:
o Cardiovascular
o Musculoskeletal
o Oncology
o Anti-infective
o Metabolic Disorder
o Others
- Japan Pharmaceuticals Market, By Distribution
Channel:
o Retail Pharmacy
o Hospital Pharmacy
o E-Pharmacy
- Japan Pharmaceuticals Market, By Region:
- Hokkaido & Tohoku
- Kanto
- Chubu
- Kansai
- Chugoku
- Shikoku
- Kyushu
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Japan pharmaceuticals 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 Pharmaceuticals 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]