Healthcare in Japan

Topics: Medicine, Health care, Clinical trial Pages: 27 (6024 words) Published: September 11, 2013
Healthcare

Japan External Trade Organization Invest Japan Division, Invest Japan Department Ark Mori Building, 6F, 12-32, Akasaka 1-chome, Minato-ku, Tokyo 107-6006, Japan Tel:+81-3-3582-5571 Fax:+81-3-3505-1990 Neither this publication nor any part of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of JETRO. All information in this publication is verified to the best of the writers' and the publisher's ability. However, JETRO does not accept responsibilities for any loss arising from reliance on it. (Notice for U.S. Users Only) This material is disseminated by the JETRO offices (New York, San Francisco, Los Angeles, Chicago, Houston and Atlanta), which are all registered under the Foreign Agents Registration Act as agents of the Japan External Trade Organization, Tokyo, Japan. This material is filed with the U.S. Department of Justice where the required registration statement is available for public inspection.Registration does not indicate approval of the contents of the material by the United States Government March 2012

Overview: Medical Care and Welfare

A Market that is Expanding as the Population Ages
As Japan’s population ages more rapidly than that of any other developed country, the medical care and welfare markets in Japan are expected to expand significantly in the future. In response to the public’s increased awareness of health issues and the government’s implementation of supportive policies, the market is showing signs of developing new fields that include preventive medicine and nursing care services with emphasis on the prevention of age-related diseases.

Emergence of New Business Opportunities
The ever changing and expanding medical care and welfare market in Japan has contributed to developing many new business opportunities; for example, in generics, over-the-counter drugs(OTCs), and health management services. In addition, novel drugs and medical devices, including biopharmaceuticals and nanomedicines, are under development. Companies from other industries are also entering the market, leading to dynamic business activities.

Table of Contents Market Overview Key Sectors Policy Initiatives Regional Opportunities 4 6 12 14

Government Supports Medical Care and Welfare as a Key Sector The Japanese medical care and welfare industry, which promises the expansion of domestic demand as a result of the aging society, is expected to serve as an engine for the entire economy of the nation. The government regards the industry as one of the strategic areas, and has been implementing various deregulation and other incentive policies.

Regional Opportunities
Manufacturers of drugs and medical devices are strategically taking advantage of regional benefits in marketing their products to manage their businesses effectively. Local governments have also been engaged in improving the business environment to invite foreign companies.

Attractive Sectors

Healthcare

Market Overview
Percentage of population aged 65 or older
(%) 50

Longer Life Spans Contributing to the Growth of the Medical Care and Welfare Market Japan finds itself moving into an aging society, something that no other country in the world has yet experienced. A survey from the Ministry of Internal Affairs and Communications indicates that the number of elderly people 65 years of age and older has reached an all-time record of about 29.4 million as of September 2010, accounting for a large 23.1% of the entire population. According to data from the U.N. World Population Prospects, it is expected that one-third or more of the entire population will be elderly by 2050. The advent of an aging society will contribute to significant growth of the medical care and welfare market.

Well-organized Medical and Long-term Care Insurance Systems
Japan's universal health insurance system, which was...
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