Life Science
In 2019, Japan's spending on prescription medicines was $87 billion, making it the third largest in the world after China and the United States. The growth of biopharmaceuticals such as anticancer drugs has helped expand the market for prescription medicines.
Life science market to expand due to aging population and digitalization
In Japan, the number of patients with cancer and other diseases is expected to increase as the number of elderly people increases, and the size of the life science market is on the rise. In addition, there have been major innovations in research and drug discovery to treat cancer and dementia, and the digitalization of healthcare is accelerating.
Supporting the healthcare industry nationwide while promoting data utilization
In this report, we focus on the following five government initiatives in the life science industry:
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（1）
Data Health Reform Promotion Project
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（2）
Utilization of medical big data based on the Next-Generation Medical Infrastructure Act
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（3）
Efforts for unmet medical needs
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（4）
Premium for new drug development
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（5）
Support to foreign companies investing in regional areas
In this report, we focus on the following five attractive markets in the life science industry:
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（1）
Pharmaceuticals
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（2）
Medical equipment
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（3）
Preventive healthcare
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（4）
Regenerative medicine
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（5）
Nursing care services
Life Science Report
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1.
Overview
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2.
Government Initiatives
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3.
Attractive Markets
（2.94MB）-
- Business Expanding
- Biotechnology & Lifescience
- Sweden
Elekta, a Swedish company that leads precision radiotherapy solutions, steadily expands its business in Japan
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- Business Expanding
- Biotechnology & Lifescience
- Yokohama city
- USA
Freyr Solutions, a major U.S. CRO company, establishes a Japanese subsidiary, rapidly promoting business development and employment in Japan with a view to globalization
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- Business Expanding
- Biotechnology & Lifescience
- Singapore
FathomX Pte Ltd, a Singaporean company that researches AI-based mammography diagnostics, launches joint research with the National Cancer Center (NCC)
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