2013-01-03 07:49:03 - Several patent expirations are offering new opportunities to Japan’s generics industry, says RNCOS.
The Japanese drug market is very promising globally and its generics market in particular is offering a huge potential investment area for pharma players. Specially, the patent expirations are adding fuel to fire in the generic drug market of Japan. As per findings of a latest research report by RNCOS, the most prominent and attractive driver for the growth of generics market is patent expiry of drugs and active ingredients in near future. Currently, nearly 40% of pharmaceutical drugs available in Japan are off patent, and hence, generics manufacturers can tap this opportunity. The government too is very eager to reduce cost in view of the fact that the large proportion of the population is heading towards being aged and
has asked hospitals to bring in use the generic drugs.
Further, according to a recent report by RNCOS, “Japan Generics Market Analysis”, drug launches have been robust and the industry has new launches for neurological and behavioral disorders, diabetes, gastrointestinal problems and circulatory disorders. NIH pharmacies and Diagnosis Procedure Combination (DPC)-based hospitals are playing a major role in promoting generics in Japan. The regulatory procedure for the approval of generics in Japan is well laid out and requires stability and bioequivalence tests. Backed by several promising factors, the Japanese generics market has shown positive developments over the past few years and is expected to grow at a CAGR of around 9% during 2012-2014.
The report provides an in-depth research and rational analysis of the current status and expected position of the Japanese generics market. It facilitates forecasts on overall pharmaceutical industry size and generics market for the period 2012-2014. The research evaluates and analyzes the opportunities for generic companies in Japan in terms of patent expiries and therapeutic areas to be tapped. Regulatory environment’s overview and recent industry developments have also been included in the study to present a balanced outlook of the Japanese generic drugs market to clients. Of particular interest in the report, is the insight given to elucidate consumer’s attitude towards generics and factors governing decision making by consumers, physicians, and pharmacists.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM371.htm
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- UK Generics Market Analysis (http://www.rncos.com/Report/IM313.htm)
- Japanese Generic Market Forecast to 2013 (http://www.rncos.com/Report/IM170.htm)
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