By 2030, it is anticipated that the Japan oncology drugs market will reach a value of $30.4 Bn from $12.2 Bn in 2022, growing at a CAGR of 12.1% during 2022-30. The companies operating in the oncology drug in Japan market are Taiho Pharmaceutical Group, Daiichi Sankyo, and Kyowa Kirin. The Japan oncology drugs market is segmented based on therapy modality and types of cancer. The main drivers of the growth of the Japanese oncology drugs market are the rise in cancer incidence, the explosion in research into new drugs for cancer treatment, and the rise in healthcare spending.
By 2030, it is anticipated that the Japan oncology drugs market will reach a value of $30.4 Bn from $12.2 Bn in 2022, growing at a CAGR of 12.1% during 2022-30. Japan's oncology drug market is expanding quickly, which has led to a demand for more creative solutions. Japan spends less on healthcare than other developed nations do, so treatments for diseases like cancer are less expensive and efficient. The lack of modern cancer treatments in Japan restricts your options and your capacity to combat the disease. Due to this restriction, many cancer patients in Japan seek care outside of the country's public healthcare system. This is unfortunate because cancer is still very common in Japan, despite the country's reputation for having a generally healthy society.
7.3% of all healthcare resources are spent on cancer treatment In Japan, which is higher than in other countries. The expenditure on cancer drugs in Japan is $57 per capita, which is lower than in the US ($64) and France ($69), but higher than in the remaining countries.
Market Growth Drivers Analysis
More people are able to access life-saving treatments and medications as a result of the rising prevalence of cancer and other related diseases, as well as the rising affordability of these drugs
Prostate and lung cancer therapeutics will dominate the market for cancer medications in Japan in the coming years, largely as a result of the country's sizable geriatric population.
By providing a supportive policy framework for simple drug approval, production, and product marketing, the Japanese government will also play a significant part in the rapid growth of the cancer drug market. It is necessary to alter the policy framework in order to streamline the drug approval process so that internationally accessible products from top MNCs can enter the Japanese market and are easily available to the desired targeted population.
Soon, the Pharmaceuticals and Medical Devices Agency (PMDA) will approve a number of new medications that target various cancer types, expanding the market for these medications. In Japan, there are currently 1617 cancer-related clinical trials being conducted involving more than 350 cancer medications, with about 30% of these trials being in the late stages of development.
Key Players
September 2022: With the approval of the blood cancer drug Ezharmia, or valemetostat (DS-3201), for the treatment of adult T-cell leukemia/lymphoma (ATL), Daiichi Sankyo achieves a first for the industry.
Japan's Ministry of Health, Labor, and Welfare (MHLW) is the regulatory body that oversees food and drugs in Japan, which includes creating and implementing safety standards for medical devices and drugs. PMDA (Pharmaceuticals and Medical Devices Agency) is a Japanese regulatory agency, working together with the Ministry of Health, Labour, and Welfare.
Unfortunately, not every treatment is covered by the government-run healthcare system. You must locate the treatment at a clinic unaffiliated with the Japanese healthcare system, pay out of pocket, or make use of private insurance for specific cancer treatments.
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
By Drug class
By Therapy
By Indication
By Dosage form
By Distribution channel
Methodology for Database Creation
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How Do We Get It?
Our database is created and maintained through a combination of secondary and primary research methodologies.
1. Secondary Research
With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:
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2. Primary Research
To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:
Combining Secondary and Primary Research
By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:
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