Dermatological Drugs - Japan | Statista Market Forecast

The Dermatological Drugs market in Japan is expected to witness a significant growth in revenue, with projections indicating that it will reach ¥US$870.30m by 2024.
Furthermore, this market is anticipated to display a promising annual growth rate (CAGR 2024-2029) of 5.60%, ultimately leading to a market volume of ¥US$1.14bn by 2029.
When compared globally, United States is predicted to generate the highest revenue in this sector, estimated to be US$11.67bn in 2024.
The demand for dermatological drugs in Japan is soaring due to the increasing prevalence of skin-related conditions.

Definition:
The Dermatological Drugs market covers treatments of diseases related to skin, nails, hair, and genital membranes. Typical examples are medications for eczema, acne, and rosacea. These preparations include ointments, creams, gels, pills, capsules, washing lotions, peelings, pastes, solutions, and sprays. Products which are primarily used for cosmetic purposes are not included.

Additional information:
Market values represent the revenues generated by manufacture prices paid to primary vendors, either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), companies (B2B), and governments (B2G).

Company examples: Johnson & Johnson, Bayer, Leo Pharma, Galderma

Drugs to treat diseases related to skin, nails, hair, and genital membranes
Steroids such as corticosteroids (topical and systemic)
Topical antihistamines
Antifungals

Cosmetic products
Immunosuppressants to treat psoriasis
Skin cancer treatment

The demand for dermatological drugs in Japan has been on the rise in recent years.

Customer preferences: Japanese customers are becoming increasingly conscious of their skin health and appearance, leading to a higher demand for dermatological drugs. Additionally, Japan's aging population has also contributed to the growth of this market, as older individuals are more likely to suffer from skin-related issues.

Trends in the market: One trend in the Japanese dermatological drugs market is the increasing popularity of natural and organic products. Consumers are seeking out products that are gentle on their skin and have minimal side effects. Another trend is the rise of personalized skincare, with companies offering customized products based on an individual's skin type and concerns.

Local special circumstances: Japan has a unique market for dermatological drugs due to its strict regulations on cosmetics and pharmaceuticals. Products must undergo rigorous testing and approval processes before they can be sold in the country, leading to a higher level of quality and safety for consumers.

Underlying macroeconomic factors: Japan's economy has been experiencing a period of slow growth and deflation, which has led to increased competition in the dermatological drugs market. Companies are looking for ways to differentiate themselves and offer innovative products to stand out in the crowded market. Additionally, the government's efforts to promote tourism have led to an increase in demand for skincare products from international visitors.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on drug revenues allocated to the country where the money is spent. Monetary values are given at manufacturer price level excluding VAT.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market. As a basis for evaluating markets, we use financial information of the key players by market. Next, we use relevant key market indicators and data from country-specific associations, such as industry associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. The main driver is healthcare expenditure. Expiring patents and new drugs in the pipeline are also considered.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. This market comprises prescription drugs and all OTC drugs covered in the Statista OTC Pharmaceuticals market. However, in the OTC Pharmaceuticals market, revenues are based on end-consumer prices.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The pharmaceutical industry is responsible for the research, development, production, and distribution of medications. The market has experienced significant growth during the past two decades, and pharma revenues worldwide totaled 1.48 trillion U.S. dollars in 2022.