By 2030, it is anticipated that the Japan dermatology drugs market will reach a value of $2.5 Bn from $1.06 Bn in 2022, growing at a CAGR of 11.3% during 2022-2030. The market is primarily dominated by local players such as Takeda Pharmaceutical Company Limited, Astellas Pharma Inc., and Shionogi & Co., Ltd. The market is driven by an ageing population, increasing awareness of skin diseases, and the launch of new and innovative drugs. The dermatology drug market in Japan is segmented by drug class, drug type, prescription mode, indication, route of administration, end user and distribution channel.
By 2030, it is anticipated that the Japan dermatology drugs market will reach a value of $2.5 Bn from $1.06 Bn in 2022, growing at a CAGR of 11.3% during 2022-30.
Japan is the third largest pharmaceutical market in the world, sizing at $95 Bn, and a critical export market for US pharmaceuticals. Eczema, also known as atopic dermatitis, is the most prevalent skin condition in Japan, affecting 10% of the population. Psoriasis, acne, and seborrheic dermatitis are next in prevalence. In Japan, there were approximately 3,046 general hospitals with dermatology departments as of October 2021. Japan has a large and aging population, which drives demand for healthcare services and products.
Market Growth Drivers Analysis
The share of dermatological pharmaceutical production in 2020 was 2.8%. Although Japan's population as a whole is declining, the country's retiree population is growing, which will increase the demand for medicine in the coming years.
The Japanese government has attempted to speed up approvals and be more accommodating with regard to the acceptance of data from foreign clinical trials in order to overcome the drug lag that historically caused registration to be 3-5 years behind the US and EU approvals.
Market Restraints
Japan has a strong pharmaceutical industry, with many large companies based in the country. This might refrain other companies from entering the market.
Key Players
March 2022: Galderma, specializing in skin-related disorders. has been acquired by Taro Pharmaceuticals, a Sun Pharma US subsidiary, in the US, Japan, and Canada. Proactiv YK, a Japanese corporation, has agreed to let Taro Pharmaceutical Industries buy all of its outstanding capital stock.
December 2022: The Japanese Ministry of Health, Labour and Welfare (MHLW) has approved the manufacturing and marketing of Adtralza (tralokinumab), a subcutaneous injection, for adults with atopic dermatitis that has not adequately responded to standard treatments, according to LEO Pharma, a global leader in medical dermatology.
Good Manufacturing Practice (GMP) for pharmaceuticals is known as Japanese GMP, or J-GMP, in Japan. Good Quality Practice (GQP), Good Vigilance Practice (GVP), Good Clinical Practice (GCP), and Good Post-Marketing Study Practice (GPSP) are additional pharmaceutical and drug quality standards that are specific to Japan.
The Pharmaceuticals and Medical Devices Agency (PMDA) office conducts the reviews necessary for the approval, re-examinations, and revaluations of dermatologic drugs in Japan and confirms clinical trial notifications and adverse drug reactions.
The National Health Insurance (NHI) program of Japan eventually covers the cost of almost all medicines sold there. The Ministry of Health, Labour, and Welfare (MHLW) adopts reimbursement levels for medications based on recommendations made by the Central Social Insurance Medical Council (Chuikyo). The Japanese government offers universal health coverage, has been working to cut costs, and aspires to reduce the country's overall healthcare spending.
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 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 Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
The Dermatology Drugs Market is segmented as mentioned below
By Disease (Revenue, USD Billion):
By Route Of Administration (Revenue, USD Billion):
By Distribution Channel (Revenue, USD Billion):
Methodology for Database Creation
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