The Japanese biotechnology market is anticipated to grow at a CAGR of 6.8% during the forecast period. The growth of the market is attributed to the cohesive government policies, innovations in healthcare, deregulation of various healthcare policies, robust healthcare expenditure on R&D, among others. In addition, the country’s well-developed healthcare infrastructure coupled with the increasing requirement for better drugs owing to the large base of the geriatric population in the country drives the growth of the biotechnology market in the country.

Furthermore, Japan’s significant focus on regenerative medicines is also aiding in the growth of the market. As per the Japan Agency for Medical Research and Development (AMED), around $150 million budget was offered to the Japan Regenerative Medicine Project, in 2016. Additionally, the presence of various R&D centers and academic institutes such as Okinawa Health Biotechnology Research and Development Center is providing new opportunities for business development and collaborations hence, fuelling Japan’s biotechnology market growth.

The Japan biotechnology market is segmented on the basis of application into bio-pharmacy, bio-services, bio-agriculture, bio-industrial, and bio-informatics. Among these, bio-pharmacy contributed a significant share. Biotechnology is driving the capabilities of personalized medicine and enables in understanding genetics and develops a platform for diagnoses, safer medication prescribing, and therapies for the diseases. In addition to human therapeutic and diagnostic applications, biotechnology has significant applications in the industry and agricultural domains. Further, the industrial uses of biotechnology involve many different sectors such as industrial enzymes, cosmetic formulations, and the diagnostics for toxicity determinations.

Some of the key players of the Japan biotechnology market include Takeda Pharmaceutical Co Ltd, Astellas Pharma Inc, Daiichi Sankyo Co Ltd., Otsuka Holdings, and others. The market players are considerably contributing to the market growth by adopting various strategies including mergers, and acquisitions, and collaborations to stay competitive in the market.

Research Methodology

The market study of the Japan biotechnology market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for biotechnology companies, healthcare companies, agriculture industry, end-user industries, research organizations, industry associates & experts, government organizations, regulatory bodies, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. Japan Biotechnology Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the Japanese biotechnology market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Japanese biotechnology market.
• Insights about market determinants which are stimulating the Japanese biotechnology market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.