Japan OTC Medications for Cough, Cold & Flu Market Analysis


  • Type: Common Disease Area
  • Published : January 2022
  • Region: Japan
  • Country: Other
  • Report ID : 4998

  • Format: PPT, PDF

Japan OTC Medications for Cough, Cold & Flu Market Analysis: Segmented by Type, Application – Growth, Market Size, Future Prospects & Competitive Analysis, 2020 – 2028

SKU: 4998 Categories: ,

Report Description of the Japan OTC Medications for Cough, Cold & Flu 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 Medications for Cough, Cold & Flu 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 Medications for Cough, Cold & Flu  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 Medications for Cough, Cold & Flu Market Analysis Executive Summary

The Cold and Cough segment comprises over-the-counter natural and synthetic agents to relieve cough, expectorants and sore throat remedies, cold remedies and preparations against flu-like infections. Cough and cold medication includes medicines in the form of pills, syrups, lozenges, sprays, ointments and granulate for external and internal application. Not included are prescription medicines, preparations that are against the state law or are no explicit cold or cough drugs (e.g. painkillers). Among the top-selling medicines for cold and cough are nose sprays, Mucosolvan syrup, Grippostad C, Sinupret forte, Gelomyrtol, Dolo-Dobendan, Aspirin Complex, Bepanthen nose and eye cream, ACC Akut, Neo-Angin, Vick Vaporup, Isla Moos. It includes both products which are exclusively sold in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.

Market Size and Key Findings

The Japan OTC Medications for Cough, Cold & Flu Market Analysis size stood at around USD 1.8 billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of -0.18% during the forecast period.

Revenue in the Cold & Cough Remedies segment amounts to US$1,808.73m in 2021. The market is expected to grow annually by -0.18% (CAGR 2021-2028).

Market Dynamics

Market Growth Drivers Analysis

The growth propelling factors of the Asia over-the-counter (OTC) drugs market are product innovations, high penetration in emerging countries, like India and China, and the inclination of pharmaceutical companies toward OTC drugs over prescription drugs. This can be attributed to the rapidly growing population and an increase in the disposable income of the population, which may add critical mass to the population available to access OTC medication. Along with new channels of accessibility in the emerging markets in retail outlets, supermarkets are contributing to the growth of the OTC medication market in Japan.

Market Restraints

However, the lack of awareness among the population and incorrect self-diagnosis are expected to hamper the market growth.

COVID-19 impact on “Japan OTC Medications for Cough, Cold & Flu Market”

The entire supply chain from production to international trade has been impacted. The economic crisis due to COVID-19 is also impacting dietary supplements by disrupting distribution networks. The supplements, which are economically important, have a fragile supply chain and failure in any stage of the supply chain from farms to dealers, haulers and distributors to manufacturers-can disrupt the entire chain.

Notable Recent Deals

In April 2020, American Regent Inc., a US manufacturer of pharmaceuticals for human and veterinary use with manufacturing sites in New York and Ohio, acquired Daiichi Sankyo for an undisclosed amount. This acquisition increases American Regent’s production and provides the opportunity to explore other products to manufacture, allowing the company to continue to find innovative ways of responding to customer needs. Daiichi Sankyo is a pharmaceutical company with its corporate origin in Japan.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

  • Japan has some very strong over-the-counter medication to fight colds and flus. Many cold, flu, and pain-relieving drugs contain caffeine or other stimulants to fight fatigue and allow you to remain alert through your entire work day even if your head is foggy and you can’t breathe out of your nose.
  • It’s also very common to wear surgical masks if you’re sick (much to the fascination of many a visiting foreigner), but it’s mainly a courtesy to those around you, as even if you’re hacking and dribbling, you’re often still expected to come to work. A key exception is the flu: that stays home, whether you work in an office or in a school. With the population so tightly packed, every winter becomes a national battle to contain influenza!
  • With that in mind, here are some popular cold and flu medicines the you can expect to see in people’s shopping baskets in Japan. These are mostly only available domestically, and be sure to check the ingredients if you ever plan to take any abroad—due to their constituents, some of these medicines are restricted overseas!

1. Report Description of the Japan OTC Medications for Cough, Cold & Flu 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 Medications for Cough, Cold & Flu Market Analysis Executive Summary
2.1 Japan OTC Medications for Cough, Cold & Flu Market Analysis – Industry Snapshot & key buying criteria, 2020-2028
2.2 Market Size, Growth Prospects and Key findings
3. Market Dynamics of Japan OTC Medications for Cough, Cold & Flu Market Analysis
3.1 Market Growth Drivers Analysis
3.1.1 Product innovations
3.1.2 rapidly growing population
3.2 Market Restraints Analysis
3.2.1 Stringent regulations
3.2.2 Revised tax structure to dampen market expansion
3.3 Covid-19 Market Impact Analysis
4. Japan OTC Medications for Cough, Cold & Flu 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 Medications for Cough, Cold & Flu 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 Medications for Cough, Cold & Flu Market
6.4 Notable recent deals in OTC Medications for Cough, Cold & Flu 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 AstraZeneca Company overview
Product & Services, Strategies & Financials
7.2 Procter and Gamble Company overview
Product & Services, Strategies & Financials
7.3 Bayer 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 Novartis 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 Medications for Cough, Cold & Flu market
9.2 Future Opportunities
10. Strategic Recommendations

Japan OTC Medications for Cough, Cold & Flu Market Analysis Segmentation

By Type:

Based on Type, the market is bifurcated into Antihistamines, Expectorants, Bronchodilators, Decongestants, and Others. The Content segment is expected to inflate the market growth. The two types of Virtual Content segment are 360- degree videos and 3D animations. There is an increased command of high-quality content as it is the prime factor for use in virtual reality.

By Application:

Based on Application, the market is bifurcated into Over the Counter (OTC) and Rx. Over the Counter (OTC) drugs segment is poised to witness lucrative growth over the forecast timeframe, due to increasing prevalence of digestion disorders, common flu, and cold. Over-the-counter (OTC) drugs also called non-prescription drugs are medicines that do not require prescription from healthcare professionals for selling it to consumers.

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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