Japan's oncology clinical trials market is projected to grow from $0.79 Bn in 2022 to $1.25 Bn by 2030, registering a CAGR of 6% during the forecast period of 2022-30. The market will be driven by a well-established healthcare system, advanced infrastructure, and a high prevalence of cancer. The market is segmented by phase, by study design & by indication. Some of the major players include Novartis International AG, Chugai Pharmaceutical Co., Ltd. & Ono Pharmaceutical Co., Ltd.
Japan's oncology clinical trials market is projected to grow from $0.79 Bn in 2022 to $1.25 Bn by 2030, registering a CAGR of 6% during the forecast period of 2022-30. Japan is one of the world's major pharmaceutical markets, accounting for around 7% of worldwide sales. The anti-cancer medicine market is one such area of development in Japan, as it is elsewhere. The oncology market is expected to increase at a 5.2% CAGR through 2026. Cancer is one of Japan's top three major causes of death, and the government is progressively emphasizing patient-centered cancer research and treatment, most notably via the third iteration of the national Basic Plan to Promote Cancer Control. In Japan, there were 1,028,658 new cases of cancer as per the data by Globocan 2020.
Clinical trials are primarily concerned with the development of novel medications, treatments, and therapies for different stages and forms of cancer. Japan has been especially active in conducting clinical trials for lung cancer, the country's one of the largest causes of cancer-related mortality, as well as other prevalent malignancies such as breast, colorectal, and pancreatic cancer. The nation has also been at the forefront of developing novel cancer therapies such as immunotherapy and targeted therapy, as well as conducting clinical trials in these areas.
Japan is one of the world's top nations for oncology clinical trials. Because of its well-established healthcare system, modern infrastructure, and high cancer incidence, a nation is an appealing place for clinical research. Japan has also adopted a number of regulatory changes in recent years in order to expedite the clinical trial process and encourage more international investment in the pharmaceutical business.
Market Growth Drivers
The country's developed healthcare system, high cancer incidence, legislative changes, robust research infrastructure, and innovative collaborations. Because of the high prevalence of cancer, especially among the elderly, Japan has a huge patient pool. With simplified clinical trial protocols and an established body to examine and approve pharmaceuticals and medical devices, the country's regulatory framework is also advantageous for clinical research. Moreover, the Japanese government supports and funds oncology clinical trials, attracting both local and foreign pharmaceutical firms to participate in the country's clinical research. Additionally, Japan's highly skilled experts and excellent technology make it an attractive venue for clinical studies.
Market Restraints
There are several constraints that may impede the expansion of oncology clinical trials in Japan. One barrier is the aging population, which may result in a smaller patient pool and make recruiting patients for clinical trials more challenging. Another barrier that smaller pharmaceutical businesses may face is the high expense of performing clinical trials in Japan. Moreover, linguistic and cultural barriers may make conducting clinical trials in Japan complicated for international organizations. Third, there is competition from other nations like as China and South Korea, who are both significantly investing in oncology clinical research and may entice investment away from Japan.
Key Players
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Clinical Trials Regulation 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
6. Methodology and Scope
By Phase (Revenue, USD Billion):
By Study Design Outlook (Revenue, USD Billion):
By Indication Outlook (Revenue, USD Billion):
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