Life Science
The pharmaceutical sector of Japan, one of the 3rd largest in the world, is expected to grow due to increased healthcare spending and the introduction of digital technology.
The Life Sciences Sector of Japan Is Expected to Expand Due to the Elderly Population, the Promotion of Innovation, and the Introduction of Digital Technologies
In Japan, where people have secure access to quality healthcare, the national healthcare expenses and the elderly population are at record highs. Additionally, the market is expected to grow further, driven by the increasing adoption of digital and AI-based technologies and the promotion of innovation by the government.
Promoting Innovation Through Data Utilization, Early Drug Approvals, and Support for Pharmaceutical Startups
The government supports the life sciences industry through policies such as promoting digitalization, considering early approval of drugs and medical devices, and improving the investment environment. The five government initiatives are described below.
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(1)
Utilizing data and AI in medical, nursing care, and healthcare
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(2)
Early approval of pharmaceuticals and medical devices
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(3)
Promoting new drug discovery
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(4)
Supporting pharmaceutical startups
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(5)
Supporting the entry of foreign companies in regions
The Five Attractive Markets in the Life Sciences Industry
We focus on the following five attractive markets in the life science industry, including the pharmaceutical market (about 78 billion USD*), which is expected to develop further amid the growing focus on biopharmaceuticals, the medical device market (about 28.7 billion USD*), one of the largest in the world, and the rapidly expanding digital health market, driven by R&D by private companies and government support.
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(1)
Pharmaceuticals: Foreign companies active in the steadily growing market
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(2)
Medical Devices: Expanding demand in the market estimated as the world’s fourth largest
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(3)
Regenerative Medicine: Practical application promoted through institutional development
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(4)
Digital Health: Advancing collaboration across a wide range of areas
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(5)
Nursing Care: Continuous growth expected with an aging population
Life Science Report
You can download the whole report on the webpage free of charge. Please simply fill out the form below to get information on promising industries in the Japanese market. Download now and use the information for your success in business.
Laws and Regulations on Setting Up Business in Japan Pamphlet
The pamphlet "Laws & Regulations" is available in PDF, and outlines basic information about laws, regulations and procedures related to setting up a business in Japan. It is available in 8 languages (Japanese, English, German, French, Chinese (Simplified), Chinese (Traditional), Korean and Vietnamese).
You can download via the "Request Form" button below.
Other Attractive Sectors
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- Business Expanding
- Biotechnology & Life Science
- USA
QSimulate, a provider of solutions based on quantum technologies, establishes a Japanese subsidiary in Tokyo
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- Business Expanding
- Biotechnology & Life Science
- Fukuoka city
- USA
Virufy, developing a smartphone app to analyze COVID-19, flu, and pneumonia infections using AI, establishes an office in Fukuoka
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- Business Expanding
- Biotechnology & Life Science
- Osaka city
- China
HaploX Establishes Japanese Subsidiary to Expand Liquid Biopsy and Transomics Analysis Services
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Investing in and collaborating with Japan
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