Japan Biosimilar Market Size, Share, Trend, Growth, Opportunity, Forecast and Industry Report 2024-2032
IMARC Group, a leading market research company, has recently released a report titled “Japan Biosimilar Market Report by Molecule (Infliximab, Insulin Glargine, Epoetin Alfa, Etanercept, Filgrastim, Somatropin, Rituximab, Follitropin Alfa, Adalimumab, Pegfilgrastim, Trastuzumab, Bevacizumab, and Others), Indication (Auto-Immune Diseases, Blood Disorder, Diabetes, Oncology, Growth Deficiency, Female Infertility, and Others), Manufacturing Type (In-House Manufacturing, Contract Manufacturing), and Region 2024-2032.” The study provides a detailed analysis of the industry, including the Japan biosimilar market Share, Size, Outlook, Growth, and Industry Trends. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Japan
Biosimilar Market?
The Japan biosimilar market size is projected to
exhibit a growth rate (CAGR) of 3.40% during 2024-2032. The increasing chronic
disease prevalence, government initiatives for streamlined approvals, aging
population demands, strong pharmaceutical company involvement, cost containment
efforts, heightened awareness, and expanding product pipelines represent some
of the key factors driving the market.
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Japan Biosimilar Market
The proactive measures taken by government
authorities to promote biosimilars as a cost-effective alternative to expensive
biologics are the factors responsible for the growth of Japan biosimilar
market. Additionally, the demand for biosimilars is rising owing to an aging
population and the escalating prevalence of chronic diseases, biosimilars
present an opportunity to alleviate financial pressures on the healthcare
system, which is fueling the market. Besides this, the government authorities
have been encouraging the use of biosimilars through regulatory incentives and
supportive policies, which include faster approval processes and educational
initiatives to increase physician and patient acceptance, which is further
bolstering the market. Moreover, as patent cliffs for several blockbuster
biologics approaches, the market is poised for further expansion, offering
substantial opportunities for both domestic and international biosimilar
manufacturers.
Emerging trends in the Japan biosimilar market
include increased investment in research and development by local companies
aiming to compete worldwide. In addition to this, pharmaceutical firms are
leveraging their expertise in biotechnology to develop and manufacture
high-quality biosimilars, thereby escalating the market. There is also a
significant focus on strategic collaborations and partnerships between
companies and global biopharmaceutical giants to enhance technological exchange
and marketing capabilities, which is acting as another growth-inducing factor.
Furthermore, with advancements in analytical and manufacturing technologies,
the quality and complexity of biosimilars have improved, leading to better
therapeutic efficacy and safety profiles, which is anticipated to drive the
Japan biosimilar market over the forecasted period.
Japan
Biosimilar Market Segmentation:
Breakup By Molecule:
·
Infliximab
·
Insulin Glargine
·
Epoetin Alfa
·
Etanercept
·
Filgrastim
·
Somatropin
·
Rituximab
·
Follitropin Alfa
·
Adalimumab
·
Pegfilgrastim
·
Trastuzumab
·
Bevacizumab
·
Others
Breakup By Indication:
·
Auto-Immune Diseases
·
Blood Disorder
·
Diabetes
·
Oncology
·
Growth Deficiency
·
Female Infertility
·
Others
Breakup By Manufacturing
Type:
·
In-House Manufacturing
·
Contract Manufacturing
Breakup By Regional:
·
Kanto Region
·
Kansai/Kinki Region
·
Central/ Chubu Region
·
Kyushu-Okinawa Region
·
Tohoku Region
·
Chugoku Region
·
Hokkaido Region
· Shikoku Region
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Key Highlights of the Report:
·
Market Performance (2018-2023)
·
Market Outlook (2024-2032)
·
Market Trends
·
Market Drivers and Success Factors
·
Impact of COVID-19
·
Value Chain Analysis
·
Comprehensive mapping of the competitive
If you require any specific information that is not covered currently
within the scope of the report, we will provide the same as a part of the
customization.
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