MARKET RESEARCH
KMG Japan knows that recognizing and understanding the dramatic
changes sweeping through Japan's governmental, social, and economic
systems is the first step to success. Japan bears all the hallmarks
of an extremely fertile market. Its population of 126 million
is one of the most rapidly graying societies on the planet, opening
up a market of epic proportions to foreign manufacturers. In the
next 25 years, the over-65 portion of Japan is slated to grow
to nearly 30 percent of the total population. It also has a universal
health system, through which the Japanese Ministry of Health,
Labor, and Welfare (MHLW) has vowed to support innovation by keeping
pharmaceutical prices at a premium.
Our
experience has shown that informed market research is crucial
to understanding the Japanese healthcare market and to building
an effective entry strategy. For example, perceptions of disease
can be different in the Japanese market. Estimating the patient
population and market potential of some disease classes may be
difficult because Japanese experts define the diseases differently
to the way Westerners do. It could be the same disease, but it
might have a different definition or different pattern of care.
There may also be cultural factors or social stigmas prompting
denial of the existence of such diseases as depression. On the
other hand, some diseases, such as eye allergies are much more
prevalent in because of a particularly allergenic pollen from
Japanese cedar trees. Consequently, the market for anti-allergy
eye drops is much larger in Japan than it is in Western countries.
KMG
Japan has an extensive background in conducting market research
in Japan. We have designed, conducted and analyzed numerous research
studies on a wide range of new drugs, technologies, diagnositics
and services among others. KMG Japan can provide market research
for its clients covering issues such as:
- Initial
"first look" market overviews
- Analysis
of emerging trends
- Analysis
of factors affecting market directions
- Evaluation
of new and emerging technologies
- Search
& assessment of R&D developments
- Interviews
with industry & government officials
- Ministry
of Health and Welfare requirements and legal issues affecting
market activity
For
more information on Trends in the Japanese Healthcare Market,
or on the Market Research services KMG Japan can provide, please
send us your inquiry or contact
us directly at:
Tokyo:
+81 (0) 3 3433 1264