The Japanese pharmaceutical market is expected to grow at a CAGR of 1.06% during the forecast period, 2022-2027. The rising COVID-19 cases across the globe are having a profound, positive impact on profits on Japanese pharmaceuticals.
Investors are pessimistic on the Japanese Medical Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
The rising prevalence of chronic diseases and the increasing geriatric population are driving the pharmaceutical market to experience significant growth over the forecast period. The increasing demand and adoption of prescription drugs, as well as the increasing product launches in the country, are also contributing to this growth.
A pharmaceutical product designed to treat adult and pediatric patients with non-central nervous system manifestations of acid sphingomyelinase deficiency was granted marketing authorization by the Japanese Ministry of Health, Labor, and Welfare in March 2022. The growth of the market for pharmaceutical products that focus on development and adoption of business strategies such as collaboration, partnerships, and product launches is contributing to the rise in popularity of Xenpozyme.
In January 2022, Chugai’s anti-IL-6 receptor monoclonal antibody Actemra was approved for the additional indication of the treatment of SARS-CoV-2 pneumonia (limited to patients requiring oxygen intervention) in Japan.
The prescription drugs market in Japan is expected to be worth a total of $27.5 billion by 2024. This is due to the high demand for these drugs in the country, as well as the increasing number of aging adults.
A
Academy of Pharmaceutical Science and Technology, Achilles, Acoma Medical Industry, AGFA, Air Water, Akiyama Jozai, Alcare, Alfresa Pharma, Alps Pharmaceutical Industries, Amano-Enzyme, Amato Pharmaceutical Products, API, Arkray, Asahi Kasei, Asahi Polysider, Astellas Pharma, Atom Medical International, Ayumi Pharmaceutical
B
C
Cellfree Sciences, Central Uni, CERI, Chest MI., CMIC, Create Medic
D
DKS, Daiichi Sankyo, Daiken Medical, Daiwa Biological Research Institute, Denken High Dental, Denka Seiken, DFE Pharma
E
F
Fancl, Feather, Freund, Frontier Institute, FUJIFILM Toyama Chemical, Fukuda Denshi, Fushimi Pharmaceuticals, Fuso Pharmaceutical Industries
G
H
Hadeco, Hakuzo Medical, Hayashibara, Heart Japan, Higuchi, Hirayama, Hisamitsu Pharmaceuticals, Hitachi High-Technologies, Hogy
I
IBL, Imtakt, Inabata & Co., Inami, Institute of Medicinal Molecular Design, Iris Ohyama, Iskra, Iwaki & Co., Iwase Cosa
J
J. Morita, Janssen Global Services, Japan Antibiotics Research Association, Japan Genetic Pharmaceutical Manufacturers Association, Japan Hygiene Products Industry Association, Japan Lifeline, Japan Pharmaceutical Excipients’ Council, Japan Pharmaceutical Association, Japan Pharmaceutical Manufacturers Association, Japan Pharmaceutical Wholesalers Association, Japan Self-Medication Industry, Japan Tobacco, Japan Vilene, JCR Pharmaceuticals, Jeol, JMS
K
Kaken Pharmaceutical, Kanae, Kaneda, Kaneka, Kao, Kawamoto, Kimura Sangyo, Kissei Pharmaceutical, Kobayashi Pharmaceuticals, Koike Medical, Kowa, Koyo Sangyo, Kracie, Kubota, Kuraray Medical, Kyorin Pharmaceutical, Kyoto Kagaku, Kyowa Hakko Kirin, Kyowa Optical
L
M
Mani, Marna Cosmetics, Maruho, Maruzen Pharmaceuticals, M’s Science, Maruishi Pharmaceutical, Matsumoto Yushi Seiyaku, M Bio Tecnology, MBL, Medical & Biological Laboratories, Medikit, Medinet, Meiji Seika Pharma, Microbiopharm Japan, Micron, Mikuni Pharmaceutical Industrial, Minophagen Pharmaceuticals, Mitsubishi Tanabe Pharma, Mizuho Medy, Miyarisan Pharmaceutical, Mochida Pharmaceutical
N
Nabelin, National Institute of Biomedical Innovation, NBHL, Nichi-iko Pharmaceutical, Nichiban, Nihon Emulsion, Nihon Kohden, Nihon Medi-Physics, Nippon Chemiphar, Nippon Kayaku, Nippon Rika, Nippon Shinyaku, Nippon Sigmax, Nippon Soda, Nippon Zoki Pharmaceutical, Nipro Patch, Nisshin Kasei, Nissui Pharmaceutical, Nitta Gelatin, Nobelpharma, Noevir
O
Office of Pharmaceutical Industry Research, Ogawa & Co., Ohara Pharmaceutical, Oji Kinocloth, Olba Healthcare, Ono Pharmaceutical, Osaka Medical, Otsuka Pharmaceutical, Overseas Medical Equipment Technical Assistants
P
Paramount Bed, Pharmaceuticals and Medical Devices Evaluation Center, Pharmaceutical Society of Japan, Powrex, PrevenTec
Q
R
Rhoto Pharmaceutical, Rigaku, Riken Vitamin, Rion
S
Sakai Medical, Sakamoto Model, Sakura Finetek, Santen Pharmaceuticals, Sanwa Kagaku Kenkyusho, Sanyo, Sanyo Chemical Industries, Sawai Pharmaceuticals, SB-Kawasumi Laboratories, Scalar, Scrum, Seahonence, Seikagaku, Sekisui Plastics, Senju Pharmaceutical, Shigematsu Works, Shigiya Machinery, Shin Nippon Biomedical Laboratories, Shionogi, Shiotani Glass, Shiratori Pharmaceutical, Shiseido, Shofu Dental, SRD, SRL, Sumitomo Pharma, Summit Pharmaceuticals International, Sun Pharma, Suzuran Sanitary Goods, Sysmex
T
Taiho Pharmaceuticals, Taiko Pharmaceutical, Taisho Pharmaceuticals, Takagi Seiko, Takara Belmont, Takasago International, Takazono, Takeda Pharmaceutical, Tamagawa-Eizai, Teijin Pharma, Teikoku Seiyaku, Terumo, Toa Eiyo, Toitu, Tokiwa Phytochemical, Tomita Pharmaceutical, Toray Fine Chemicals, Torii Pharmaceutical, Tsumura & Co.
U
W
Y
Yakult Pharmaceutical, Yamahachi Dental Mfg., Yamato Scientific, YDM, Yomeishu Seizo, Yoshida Dental Mfg., Yuyama