By 2030, it is anticipated that the Japan Oncology Therapeutics Market will reach a value of $22.3 Bn from $11.2 Bn in 2022, growing at a CAGR of 8.9% during 2022-2030. The Oncology Therapeutics Market in Japan is dominated by a few domestic pharmaceutical companies such as Takeda Pharmaceutical, Daiichi Sankyo, and Astellas Pharma. The Oncology Therapeutics Market in Japan is segmented into different types of cancer and different therapy type. The major risk factors associated with cancer are diet, alcohol, tobacco, air pollution, and physical inactivity. The demand for Japan Oncology Therapeutics is increasing on account of the rise in initiatives taken by the Government of the country.
By 2030, it is anticipated that the Japan Oncology Therapeutics Market will reach a value of $22.3 Bn from $11.2 Bn in 2022, growing at a CAGR of 8.9% during 2022-2030.
Japan is a high-income developed island nation in East Asia. Cancer treatment consumes 7.3% of all healthcare resources. This is higher in Japan than in other countries. Prostate and lung cancer therapies will dominate the Japanese cancer drug market in the approaching years, owing to the country's huge geriatric population. Cancer has been the main cause of death in Japan for more than 30 years, and the mortality rate continues to rise year after year. Tobacco smoking has been linked to a variety of malignancies. In Japan, the population attributable fraction (PAF) of cigarette smoking to cancer was 24 %, infection was 22 %, alcohol drinking was 6 %, and salt over-consumption was 1.4 %. Japan's government spends 10.3% of its GDP on healthcare.
Market Growth Drivers
Because Japan spends less on healthcare than other wealthy countries, therapies for diseases such as cancer are less expensive and more efficient. The Japanese government will also play a crucial role in the rapid growth of the cancer drug market by providing a supportive policy environment for uncomplicated drug approval, manufacture, and product marketing. The Pharmaceuticals and Medical Devices Agency (PMDA) will soon approve several new cancer-targeting drugs. There are now 1617 cancer-related clinical trials in Japan including more than 350 cancer medicines, with approximately 30% of these trials in the late phases of research. According to the 2017 Japanese Structure Survey of Radiation Oncology conducted by the Japanese Society for Radiation Oncology, radiation treatment was used to treat a total of 185,523 patients. These aspects could boost Japan Oncology Therapeutics Market.
Market Restraints
As of 2021, Japan had 1322 board-certified radiation oncologists and 1337 board-certified medical physicists, but there is still a significant lack of these specialists, particularly at small-scale hospitals. In Japan, the lack of contemporary cancer therapies limits your options and your ability to fight the disease. As a result of this restriction, many Japanese cancer patients seek treatment outside of the country's public healthcare system. This is regrettable since, despite the country's reputation for having a largely healthy populace, cancer is nevertheless highly common in Japan. These factors may deter new entrants into the Japan Oncology Therapeutics Market.
Key Players
December 2022: Imfinzi (durvalumab) and Imjudo (tremelimumab) by AstraZeneca have been licenced in Japan for the treatment of three cancer types: advanced liver, biliary tract, and lung. Imfinzi, in combination with Imjudo, is approved for the treatment of adult patients with unresectable hepatocellular carcinoma (HCC) and adult patients with unresectable, advanced, or recurring non-small cell lung cancer (NSCLC) in conjunction with chemotherapy. Imfinzi has also been approved for the treatment of adult patients with unresectable HCC as monotherapy, as well as adult patients with curatively unresectable biliary tract cancer (BTC) in combination with chemotherapy (gemcitabine plus cisplatin).
September 2022: Daiichi Sankyo has been concentrating on a stable of antibody-drug conjugates, and the Japanese firm has achieved a global first in this field. Daiichi Sankyo has received Japanese approval for Ezharmia, also known as valemetostat (DS-3201), to treat relapsed or refractory adult T-cell leukaemia/lymphoma (ATL). With this approval, Ezharmia becomes the first EZH1/2 dual inhibitor to get regulatory approval anywhere in the globe.
In Japan, the administrative body answerable for the endorsement and guideline of remedial items, including disease therapeutics, is the Pharmaceuticals and Medical Devices Agency (PMDA).In the public medical services framework, the expense of malignant growth therapies, including disease therapeutics, is covered by the National Health Insurance (NHI) framework. The repayment of disease therapeutics under the NHI framework in Japan is dependent upon the valuing framework set by the Ministry of Health, Labour and Welfare (MHLW). The MHLW lays out evaluating principles in view of the clinical viability and well-being of the medication and cost-adequacy examination.
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
Oncology Therapeutics Segmentation
By Application (Revenue, USD Billion):
By Drugs (Revenue, USD Billion):
By Therapy (Revenue, USD Billion):
By Route of Administration (Revenue, USD Billion):
By Distribution Channel (Revenue, USD Billion):
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