In
Japan 2006, share of generics is only 6% of
US$ 50 billion prescription market by value and
some 16.9% by volume. Recently, change in the
environment is pushing us.
MHLW is advocating use of generics to reduce runaway
health cost. Share of generics may become larger
than before in Japan.
The focus of governments on
pharmaceutical costs has favored the development
of the generics market, which showed and annual
growth rate worldwide of 15% between 1996 and
2001, while the original brand market grew by
only 6% during the same period. In 2001, the worldwide
generics market was estimated atUS$42 billion
– 11% of the total prescription market.
It appears that prospects for the worldwide generics
market are good and that current players, as well
as potential entrants, have reason to feel enthusiastic.
However, careful, country
–by-country analysis of the impact of changes
in the regulatory and competitive environments
reveals a future of contrasts for the worldwide
generics market. The results of such an in depth
assessment may lead certain generics companies
to revise their development strategies, and encourage
potential players to reconsider whether they should
enter the market or the way they intend to do
it. |

Source:IMS Health,MIDAS,New Market Segmentation,RX only,MAT Dec 2007
*Japan data 2006(JGA) |