Japan's Cancer Pain Management market is projected to grow from $405.27 Mn in 2022 to $636.26 Mn by 2030, registering a CAGR of 5.8% during the forecast period of 2022 - 2030. The main factors driving the growth would be high healthcare expenditure, advanced healthcare infrastructure, an aging population, and government support. The market is segmented by drug type and by disease. Some of the major players include Daiichi Sankyo (JPN), Hisamitsu Pharmaceutical Co (JPN), Mundipharma, Pfizer, and Teva Pharmaceuticals.
Japan's Cancer Pain Management market is projected to grow from $405.27 Mn in 2022 to $636.26 Mn by 2030, registering a CAGR of 5.8% during the forecast period of 2022 - 2030. Japan's healthcare spending fell from 10.75% of GDP in 2018 to 10.74% in 2019, while it rose from $4,256 to $4,360 per capita. In comparison to the global average for developed nations, Japan spends more on healthcare.
Cancer-related treatments including chemotherapy and surgery as well as the disease itself may contribute to cancer pain. The type, location, and degree of pain experienced have an impact on the medications chosen and how they are used. Numerous different drugs are used to treat cancer pain. For instance, potent opioids are used to treat severe pain, whereas non-opioid medications like acetaminophen and NSAIDs are preferred to treat mild to moderate cancer pain. The Asia-Pacific cancer pain management market is one of the rapidly growing markets worldwide.
Market Growth Drivers
The Japan cancer pain management market is expected to be driven by factors such as high healthcare expenditure, advanced healthcare infrastructure, and government support. Moreover, the prevalence of chronic diseases like cancer is rising in Japan as a result of the country's aging population, which is fueling the demand for pain management options.
Market Restraints
The growth of the cancer pain market is anticipated to be constrained by the negative effects of using medications to treat cancer pain, such as drug tolerance, drug dependence, urine retention, sleep difficulties, cognitive impairment, and others. Also, there is still a lack of knowledge about available pain management options in various parts of Japan, which results in the underuse of these medications.
Key Players
March 2019: Daiichi Sankyo and AstraZeneca entered into a collaboration for a novel HER2-targeting antibody-drug conjugate. With the exception of Japan, where Daiichi Sankyo will continue to hold exclusive rights, the companies will jointly develop and commercialize trastuzumab deruxtecan there. Production and supply will be handled completely by Daiichi Sankyo.
December 2021: Hisamitsu Pharmaceutical and RaQualia Pharma have agreed to enter into a license agreement for a novel sodium channel blocker. In the future, Hisamitsu Pharmaceutical will use its expertise in producing transdermal medications to conduct preclinical research of new pain treatment drug(s) containing the compound before moving on to the clinical stage. According to the license agreement, Hisamitsu Pharmaceutical will be given sole worldwide rights to the compound's development, production, and marketing.
The Japanese healthcare system is characterized by its universal coverage and long history of offering its residents high-quality, reasonably priced medical care. The pain management market in Japan is governed by the Japanese healthcare system and the Ministry of Health, Labor, and Welfare (MHLW). For pharmaceuticals and medical devices used in pain management, the MHLW has a stringent approval procedure that includes clinical trials and assessments of safety and efficacy.
The National Health Insurance (NHI) program, which offers coverage for some pain management therapies, including prescription medications and medical devices, regulates the reimbursement scenario for the pain management market in Japan. The scope is constrained, though, and some procedures might not be entirely covered. This may limit patient access to certain pain management alternatives and may restrain the expansion of the Japanese pain management market. Despite these drawbacks, the NHI program is crucial in ensuring that the populace has access to healthcare, and work is still being done to raise the general standard of care and make it more affordable.
1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Drug Type (Revenue, USD Billion):
Non-steroidal anti-inflammatory medicines relieve pain at the site of injury by blocking the cyclooxygenase enzyme, which prevents prostaglandin formation. NSAIDs are a class of medications that includes medications with analgesic, antipyretic, and, at higher doses, anti-inflammatory properties.
By Disease Indication (Revenue, USD Billion):
Based on disease Indication the market is segmented into:
Methodology for Database Creation
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1. Secondary Research
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Combining Secondary and Primary Research
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