By 2030, it is anticipated that the Japan Liver Disease Therapeutics market will reach a value of $2.3 Bn from $1.4 Bn in 2022, growing at a CAGR of 6.2% during 2022-2030. Liver Disease Therapeutics in Japan is dominated by domestic pharmaceutical companies such as Aspen Pharmacare Japan, Mayne Pharma, and Phebra. The Liver Disease Therapeutics market in Japan is segmented into different types of disease and different therapy types. Some of the significant factors affecting the Japan Liver Disease Therapeutics market are the growing prevalence of liver diseases and unhealthy and dynamic lifestyles.
By 2030, it is anticipated that the Japan Liver Disease Therapeutics market will reach a value of $2.3 Bn from $1.4 Bn in 2022, growing at a CAGR of 6.2% during 2022-2030.
Japan is a high-income developed island nation in East Asia.
Japan has one of the highest rates of hepatitis C infection in the world, with an estimated 1.5-2 Mn people living with chronic hepatitis C. Antiviral medications for chronic hepatitis C are available, and these medicines have a high cure rate in Japan. Patients with chronic liver disease may also be eligible for the NHI system's Health Check-up and Guidance programme, which provides funds for frequent checks and counselling services to help them manage their illnesses.
According to the latest WHO data published in 2020 Liver Disease Deaths in Japan reached 14,195 or 1.29% of total deaths. The age-adjusted Death Rate is 4.78 per 100,000 population ranks Japan 164th in the world. Japan's government spent 10.3% of its GDP on healthcare in 2020.
Market Growth Drivers Analysis
Viral hepatitis is the leading cause of chronic liver disease in Japan, including liver cirrhosis. Japan has become one of the most successful countries in the world in terms of hepatitis virus elimination due to the availability of extremely potent antiviral medications in combination with anti-hepatitis measures. Japan is fortunate to be located in a rapidly expanding region. Japan has cutting-edge technologies as well as a diverse manufacturing industry. These aspects could boost Japan's Liver Disease Therapeutics market.
Market Restraints
Japan's population is ageing, and liver illnesses are more common in the elderly. This can impose a load on the healthcare system and limit people with liver illnesses' access to care. Japan is experiencing a labour shortage as well as a low immigration contribution, which is increasing the number of insecure workers. These factors may deter new entrants into the Japan Liver Disease Therapeutics market.
Key Players
January 2023: Takeda and Arrowhead Pharmaceuticals released top-line results from the Phase 2 SEQUOIA clinical study of experimental fazirsiran for the treatment of alpha-1 antitrypsin deficiency-related liver disease. Takeda and Arrowhead also offered an overview of a Phase 3 trial, which was co-developed and would be undertaken by Takeda. Additional SEQUOIA study findings are scheduled to be presented at a future medical symposium and published.
In Japan, the regulation and reimbursement of liver therapeutics are primarily overseen by the Pharmaceuticals and Medical Devices Agency (PMDA) and the National Health Insurance (NHI) system, respectively. The reimbursement process is managed by the Ministry of Health, Labour and Welfare, which determines which therapies are eligible for reimbursement and the conditions under which they will be covered.
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
Liver Disease Therapeutics Segmentation
By Treatment Type (Revenue, USD Billion):
By Disease Type (Revenue, USD Billion):
By Distribution Channel (Revenue, USD Billion):
Methodology for Database Creation
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