Japan's pharma market growth set to lag world average

1 August 2017

The enforcement of a much more stringent pricing revision policy in Japan, both for new products as well as off-patent brands, is behind the decline of the products currently on the market which are forecast to drop about 2% annually in sales through 2022, according to life science commercial intelligence firm Evaluate.

Evaluate forecasts that the Japanese pharmaceutical market is expected to expand at a compound annual growth rate (CAGR) of just 3.3% between 2017 and 2022, compared to the worldwide outlook of 6.5% CAGR over the same timeframe.

Government-forced price reductions

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