Market Size of Japan Oral Anti-Diabetic Drug Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 2.42 Billion |
Market Size (2029) | USD 3.02 Billion |
CAGR (2024 - 2029) | 4.60 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Japan Oral Anti-Diabetic Drug Market Analysis
The Japan Oral Anti-Diabetic Drug Market size is estimated at USD 2.42 billion in 2024, and is expected to reach USD 3.02 billion by 2029, growing at a CAGR of 4.60% during the forecast period (2024-2029).
Japanese victims of the COVID-19 pandemic were less numerous than those from other nations, which may be related to genetic variations, features of Japanese culture, and differences in the coagulation system between Japanese and Caucasians. The Osaka Prefectural Government categorized patients as mild, moderate, or severe and assigned them to various alternative accommodations in order to ease hospital overpopulation. Hospitals provide patient care in accordance with national government regulations. They focused on individuals with intermediate conditions or those with acceptable oxygen saturation values despite the presence of symptoms on computed tomography. Type 2 diabetes is linked to a sedentary lifestyle, which fosters the development of innate insulin resistance, in contrast to Type 1 diabetes, which is brought on by immune system dysfunction.
Japan's rising older population, who are more susceptible to disease, as well as an increase in obesity brought on by inactivity and irregular eating patterns, are regarded to be contributing factors to the country's rising diabetes incidence. As a result of being referred to a medical facility based on the findings of the metabolic syndrome examination, which was implemented in 2008 to avoid lifestyle-related disorders, more people have been diagnosed with the disease, which is another factor. With an aging population, diabetes cases are predicted to increase even more in Japan.
Globally, diabetes has become an epidemic; the IDF 2021 estimates that there are 11 million diabetics in Japan. Type 2 diabetes is linked to a sedentary lifestyle, which fosters the development of innate insulin resistance, in contrast to Type 1 diabetes, which is brought on by immune system dysfunction. Hence, Type 1 diabetes can be categorized as insulin-requiring diabetes, whereas Type 2 diabetes can be categorized as insulin-dependent diabetes. As one of the largest geriatric populations in the world, Japan is particularly susceptible to developing type 2 diabetes. With an aging population, diabetes is becoming more prevalent in Japan. Monitoring and controlling blood sugar levels are becoming more common in order to prevent harmful effects, including cardiovascular disease, kidney diseases, and other conditions.
Japan Oral Anti-Diabetic Drug Industry Segmentation
Orally administered antihyperglycemic drugs reduce blood glucose levels. They are often used in type 2 diabetes care. The Japan Oral Anti-Diabetic Drug Market is set to witness a CAGR of more than 4% during the forecast period. The Japan Oral Anti-Diabetic Drug Market is segmented into drugs (Biguanides, Alpha-glucosidase inhibitors, Dopamine-D2 receptor agonists, Sodium-glucose Cotransport-2 (SGLT-2) inhibitor, Dipeptidyl Peptidase-4 (DPP-4) Inhibitors, Sulfonylureas, and Meglitinides). The report offers the value (in USD million) and volume (in Units million) for the above segments.
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Japan Oral Anti-Diabetic Drug Market Size Summary
The Japan oral anti-diabetic drug market is poised for significant growth, driven by the increasing prevalence of diabetes, particularly type 2 diabetes, among the aging population. The rise in diabetes cases is attributed to factors such as a sedentary lifestyle, obesity, and dietary changes, which have led to a higher incidence of insulin resistance. The market is characterized by the presence of major global pharmaceutical companies like Eli Lilly, AstraZeneca, Sanofi, and Janssen Pharmaceuticals, which are focusing on innovative drug developments to cater to the growing demand. The approval of new medications, such as SGLT2 inhibitors, has expanded treatment options for patients with type 2 diabetes, especially those with cardiovascular risks. This expansion is expected to drive market growth during the forecast period.
The market landscape is further shaped by the consolidation of key players and their strategic collaborations to enhance product offerings. For instance, partnerships like that between Sanofi and Health2Sync aim to integrate technology with diabetes management, improving patient adherence and monitoring. Additionally, the introduction of new drugs, such as Twymeeg by Sumitomo Dainippon Pharma, highlights the ongoing innovation within the market. As dietary patterns continue to evolve, with a shift towards more westernized diets, the demand for oral anti-diabetic drugs is anticipated to rise, supporting the market's expansion in the coming years.
Japan Oral Anti-Diabetic Drug Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Oral Anti-diabetic drugs (Value and Volume, 2017 - 2028)
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2.1.1 Biguanides
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2.1.1.1 Metformin
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2.1.2 Alpha-Glucosidase Inhibitors
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2.1.2.1 Alpha-Glucosidase Inhibitors
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2.1.3 Dopamine D2 Receptor Agonist
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2.1.3.1 Bromocriptin
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2.1.4 SGLT-2 inhibitors
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2.1.4.1 Invokana (Canagliflozin)
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2.1.4.2 Jardiance (Empagliflozin)
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2.1.4.3 Farxiga/Forxiga (Dapagliflozin)
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2.1.4.4 Suglat (Ipragliflozin)
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2.1.5 DPP-4 inhibitors
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2.1.5.1 Onglyza (Saxagliptin)
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2.1.5.2 Tradjenta (Linagliptin)
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2.1.5.3 Vipidia/Nesina(Alogliptin)
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2.1.5.4 Galvus (Vildagliptin)
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2.1.6 Sulfonylureas
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2.1.6.1 Sulfonylureas
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2.1.7 Meglitinides
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2.1.7.1 Meglitinides
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Japan Oral Anti-Diabetic Drug Market Size FAQs
How big is the Japan Oral Anti-Diabetic Drug Market?
The Japan Oral Anti-Diabetic Drug Market size is expected to reach USD 2.42 billion in 2024 and grow at a CAGR of 4.60% to reach USD 3.02 billion by 2029.
What is the current Japan Oral Anti-Diabetic Drug Market size?
In 2024, the Japan Oral Anti-Diabetic Drug Market size is expected to reach USD 2.42 billion.