Tallahassee Journal

Japan Diabetes Market Expected to Reach Nearly US$ 5 Million by 2022

Japan Diabetes Market Expected to Reach Nearly US$ 5 Million by 2022

Japan Diabetes Market Expected to Reach Nearly US$ 5 Million by 2022
Japan diabetes market experienced a steady growth in recent years. The factors which have contributed in influencing the market include, unhealthy dietary habits among the Japanese, government initiatives and programmes, universal health coverage, etc.

The latest report by IMARC Group titled, “Japan Diabetes Market Report: Patients, Prevalence, Oral Antidiabetics, Insulin and Diagnostics”, finds that the market reached a value of nearly US$ 4 Billion in 2016, growing at a CAGR of around 5% during 2009-2016. In 2015, Japan had more than seven million people diagnosed with diabetes. The major cause of diabetes in Japan is unhealthy dietary habits which has resulted in 65% growth in diabetes cases in the region.

The Japanese culinary tradition is centred on foods which trigger obesity, such as excessive intake of white rice, noodles, high sugar food, pickled vegetables, spices, etc. However, in order to curtail obesity and prevent the dissemination of diabetes, the Japanese government launched anti-obesity campaign in 2008. It mandates limiting waistline for adults between the ages 40 and 75 within accepted standards. Apart from this, aging-population and low-birth-rates, and sedentary lifestyle have emerged as important factors for the cause of diabetes in the region. 

 

Highlights of the Japan Diabetes market:

  • Government intervention is the biggest driving force for the growth of the market.
  • Insulin represents the largest market, accounting for the majority of the share.
  • The market is expected to reach a value of around US$ 5 Million by 2022.


Request a free sample copy of the report:
 http://www.imarcgroup.com/request?type=report&id=561&flag=B

The Japanese government provides universal health coverage to its citizens, under which treatment costs are covered by national health insurance. Apart from this, Japan also has one of the highest per capita spending on drugs and most people can afford expensive treatments for diseases, such as diabetes. As a result of this, the demand for medicines and equipment for the treatment of diabetes is increasing in Japan. This offers enough opportunities to the manufacturers in the pharmaceuticals industry to create a market for their products in the region. The market is further expected to reach a value of around US$ 5 Million by 2022.

The market is bifurcated as oral antidiabetics and insulin. Insulin represents the largest market, accounting for the majority of the share. An analysis of the competitive landscape provides the details of the key players operative in the market. Some of the major player are Sanofi K.K., Novo-Nordisk, Takeda, Eli Lily Japan K.K., and Ono. The report provides an analytical and statistical insight into the Japanese diabetes market. It also offers both current and future trends in the prevalence, demographical breakup, diagnosis and treatment of diabetes in Japan.


Click here for summary of the report with TOC:
 http://www.imarcgroup.com/japan-diabetes-market 


The report examines the Japan diabetes market on the basis of:

Segment:

  • Oral Antidiabetics
  • Insulin

 

Key Players:

  • Sanofi K.K
  • Novo-Nordisk
  • Takeda
  • Eli Lily Japan K.K.
  • Ono


Browse related reports:

US Generic Drug Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

Global Biopharmaceutical Market Report & Forecast (2017-2021)

 

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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