— Latest update: March 2022 —
Japan has the third-largest pharmaceutical market in the world although the changing demographics are creating a challenging business landscape. Because of Japan’s aging population and the falling birthrate and the resulting financial difficulties for Japan’s medical system, the Japanese government has taken various measures to cut healthcare spending, which in turn has led to very complex reimbursement and pricing rules. However, the pharmaceutical sector offers substantial opportunities for growth given Japan's ageing population is likely to increase demand for pharmaceuticals from EU countries.
The recent outbreak of the Coronavirus also had a substantial impact on the current status of the market size due to the increased demand for prescriptions, drugs and vaccines. Now that the situation has almost revered back to normal and companies are resuming their original activities, the pharmaceutical market is still expected to grow.
JETRO, Life Sciences: Attractive Sectors, 2020
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Hundreds of web pages with up-to-date information on Japan, more than 400 market reports and recorded webinars available as well as a lot of detailed information on Japanese business culture.