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The Generic Drugs Market in Japan is expected to grow at a CAGR of 8.16 percent from 2014-2019, says research firm TechNavio.
About the Report
According to the latest report by TechNavio, the patents of many first-generation approved biopharmaceuticals are set to expire within the forecast period, which will lead to intense competition from generic drugs.
However, due to the economic crisis, major companies in the market have allocated minimal funds for the R&D of innovative drugs, which has hindered the development of new drugs and paved the way for the generic drugs market.
“Pharmaceutical companies developing generic drugs have enormous opportunities to capitalize on the market at this point in time,” says Faisal Ghaus, Vice President of TechNavio.
The new TechNavio report also emphasizes an increasing number of mergers and acquisitions, which will help vendors grow and expand their business. For a global company to enter the generic drugs market in Japan, it is important to form a partnership with a local manufacturer.
“In 2014, Teva acquired Taiyo Pharmaceutical, obtaining Taiyo Pharmaceutical’s portfolio of over 550 products. The company also gained access to Taiyo Pharmaceutical’s strong R&D team and local regulatory expertise,” says Ghaus.
Key Information Covered in the Report:
- Market segmentation, size and forecast through 2019
- Market Growth Drivers:
- Expiry of Patents
- For a full detailed list, view our report.
- Market Challenges:
- Intense Competition among Vendors
- For a full detailed list, view our report.
- Market Trends:
- Increase in M&A
- For a full detailed list, view our report.
- Key Vendors:
- Meiji Seika Pharma Co. Ltd.
- Nichi-Iko Pharmaceutical Co. Ltd.
- Nipro Pharma Corp.
- Sawai Pharmaceuticals Co. Ltd.
- Other Prominent Vendors:
- Actavis
- Daiichi Sankyo
- Daito Pharmaceutical
- Eisai
TechNavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the pharmaceuticals market:
If you are interested in more information, please contact our media team at media@technavio.com.
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CONTACT
TechNavio Research
Jes Ellacott
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+44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com