Japan OTC Analgesics Market Analysis


  • Type: Common Disease Area
  • Published : January 2022
  • Region: Asia
  • Country: Japan
  • Report ID : 5035

  • Format: PPT, PDF

Japan OTC Analgesics Market Analysis: Segmented by  Drug Type, Distribution Channel – Growth, Market Size, Future Prospects & Competitive Analysis, 2020 – 2028

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Report Description of the Japan OTC Analgesics Market Analysis

Research Scope and Assumption

  • The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Reason to buy the report:

  • Facilitate decision-making based on strong current and forecast data for Japan OTC Analgesics Market Analysis
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Japan OTC Analgesics  Market  Analysis
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

Japan OTC Analgesics Market Analysis Executive Summary

OTC stands for “Over the Counter Drugs” and means that the medicines sold to customers without any prescription from health care professionals, whereas the prescription drugs only sold on prescription to the patients. Size of the OTC market in this research is calculated by totalling the shipment amounts of both OTC (including guidance-needed medicines, first, second, and third-category non-prescription drugs) and designated quasi drugs (which are items that became quasi drugs designated by Ministry of Health, Labour and Welfare).

Market Size and Key Findings

The Japan OTC Analgesics Market Analysis size stood at around USD 6.32 billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of 1.86% during the forecast period.

Revenue in the OTC Pharmaceuticals market amounts to US$6,302m in 2021. The market is expected to grow annually by 1.86% (CAGR 2021-2028).

Market Dynamics

Market Growth Drivers Analysis

The major factors boosting the growth of the market studied include the increasing demand in topical analgesics, growth in the geriatric population resulting in the rising prevalence of various diseases, and the cost-efficiency of OTC analgesics drugs. With the growing aging population, the demand for pain relief solutions is increasing, as aged people are more prone to chronic pain. The growing awareness of the internet medication in the developed nations is boosting the market growth.

Market Restraints

Most of the patients are preferring self-medications without consulting a doctor or a pharmacist. These medicines can be bought by individuals without a doctor’s prescription and are safe for consumption without the doctor’s consent.

COVID-19 impact on “Japan OTC Analgesics Market”

COVID-19 is an infectious disease caused by the novel coronavirus. Largely unknown before this outbreak across the world, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks. The World Health Organization (WHO) declared COVID-19 as a pandemic on March 11, 2021.

Competitive Landscape

Key Players

The market studied is fragmented in nature, owing to the presence of many small and large market players. Some of the major players are Bayer AG, Boehringer Ingelheim International GmbH, Johnson & Johnson, GlaxoSmithKline PLC, Pfizer Inc., Reckitt Benckiser Group PLC, Sanofi SA, Sun Pharmaceutical Industries Ltd, and Takeda Pharmaceutical Company Limited.

Products in Pipeline

  • In March 2021, Hisamitsu Pharmaceutical Co., Inc. launched Salonpas Arthritis Pain Relief Gel. This medicine is prescription-strength diclofenac, which was approved by the FDA for over-the-counter (OTC) use in 2020.
  • In September 2020, Dr Reddy’s Laboratories launched over-the-counter Diclofenac Sodium topical gel, used for arthritis pain, in the United States market

Notable Recent Deals

Daiichi Sankyo’s shares edged up nearly 2% in early trading, after the Japanese pharma major released

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

OTC market in 2017 has grown against a backdrop of contribution of some drug efficacies becoming included in new OTC products to invigorate the market and continued stable growth of inbound tourism demand though it subdued from once frantic status.  On the other hand, the market in terms of domestic demand tends to be and continues slowing down.  Now that the impact of inbound tourism demand to the market has been on the decline, the market needs to be earnestly stimulated in order for it to keep on growing.

The following can be the solutions:

  • Introducing *switch OTC to the new area of demands, creating a new market using switch OTC that have new efficacies,
  • Generation of new demand by promoting new products with unprecedented angles,
  • Finding out potential demands from the existing efficacy by making an appeal from different point of view
  • Creating a system to communicate and consult with retailers,
  • Expanding new opportunities of selling the products in association with increase of new entry from different retailing business. These attempts of new product promotions and enhancement of providing information may improve awareness of self-medication and action reform.

Switch OTC is a kind of OTC permitted by MHLW to include ingredients that used to be permitted to contain in ethical drugs that require prescriptions.

1. Report Description of the Japan OTC Analgesics Market Analysis
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. Japan OTC Analgesics Market Analysis Executive Summary
2.1 Japan OTC Analgesics Market Analysis – Industry Snapshot & key buying criteria, 2020-2028
2.2 Market Size, Growth Prospects and Key findings
3. Market Dynamics of Japan OTC Analgesics Market Analysis
3.1 Market Growth Drivers Analysis
3.1.1 Increasing Demand in Topical Analgesics
3.1.2 Growth in the Geriatric Population Resulting in the Rising Prevalence of Various Diseases
3.1.3 Cost Efficiency of OTC Analgesics Drugs
3.2 Market Restraints Analysis
3.2.1 Drug Tolerance, Dependence, and Addiction and Abuse
3.3 Covid-19 Market Impact Analysis
4. Japan OTC Analgesics Market Segmentation
4.1 By Type:
4.1.1 Antihistamines
4.1.2 Expectorants
4.1.3 Bronchodilators
4.1.4 Decongestants
4.1.5 Others
4.2 By Application:
4.2.1 Overview
4.2.2 Over the counter (OTC)
4.2.3 Rx
5. Japan OTC Analgesics Market Share
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
6.2 Products in Pipeline
6.3 R&D Initiatives OTC Analgesics Market
6.4 Notable recent deals in OTC Analgesics Market
6.4.1 Joint Ventures
6.4.2 Partnerships
6.4.3 Mergers & Acquisitions
6.4.4 Strategic divestments
7. Key Company Profiles
7.1 Pfizer Inc. Company overview
Product & Services, Strategies & Financials
7.2 Boehringer Ingelheim International GmbH Company overview
Product & Services, Strategies & Financials
7.3 Bayer AG Company overview
Product & Services, Strategies & Financials
7.4 Reckitt Benckiser Group Company overview
Product & Services, Strategies & Financials
7.5 GlaxoSmithKline plc. Company overview
Product & Services, Strategies & Financials
7.6 Johnson & Johnson Company overview
Product & Services, Strategies & Financials
7.7 Sanofi company overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Policy changes and Reimbursement scenario
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development of OTC Analgesics market
9.2 Future Opportunities
10. Strategic Recommendations

Japan OTC Analgesics Market Analysis Segmentation

By Drug Type:

The Over the Counter (OTC) Analgesics Market is segmented by Type of Drug (Acetaminophen, No steroidal Anti-inflammatory Drug (NSAIDs), Salicylates, and Other Analgesics),

By Distribution Channel:

Distribution Channel it is segmented into (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Others Distribution Channels). In today’s scenario, the public is increasingly adopting retail pharmacy as a one-stop-shop to buy all the over-the-counter products which can be useful at home, and OTC products along with analgesics are one of the important parts of this distribution channel segment.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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