The findings represent a sizable year-on-year improvement in outlook for pharma in Japan, with expected growth of solid dose formulations improving by more than 10% (rising to 5.4 up from just 4.75 in 2018), with generic drug classes highlighted as offering strong growth prospects. Significantly, it now ranks ahead of all EU nations and Korea – finishing only behind the United States of the mature pharma markets.
Laura Murina, Brand Manager CPhI Japan: “Japan’s pharmaceutical industry has long centred on strong innovation and patented drugs, but we are now observing a dramatic increase in generics and biosimilars in the market.”
The outlook for the biologics sector was even more positive, where growth potential for Japan (7.5) was second only to the United States (7.9) – recognising the substantial potential for biosimilars in 2019 and beyond – as a result, the collocated BioPh has become a much larger part of CPhI Japan in recent years.
Japanese companies reported renewed confidence in the domestic market, but more significantly, a larger number are also exploring exports than in previous years. In fact, 2019 will be the first year that Japan’s largest pharma companies gain 50% of their sales from overseas – as recently as 2017 this was still well under 50%, but it has grown quickly in recent years.
Crucially, this internalisation is being observed both ways – inbound and outbound – and is highlighted on the CPhI Japan exhibition floor. In total, more than 20,000 executives will attend, with more than 60 countries represented, and over 550 exhibitors – an increase of over 100 exhibitors in just the last three years alone. These include major suppliers of pharmaceutical ingredients, packaging, contract services, as well as machinery, technology, and new for 2019, digital and IT companies in the Pharma IT & Digital Expo. Another industry segment offering opportunities are nutraceuticals and traditional Chinese medicines (known as Kampo by Japanese consumers). In response, CPhI Japan has launched a new Natural Extracts zone.
The report suggested that the resurgence in international interest is being driven by de-regulation opening-up accelerated approval pathways, coupled with one of the world’s fastest growing generics markets. R&D in Japan also remains at the forefront of global pharma – a result of both the attractiveness of the nation’s medicines market and the strength of local research institutions.
Nobuaki Nito, General Manager UBM Japan, added, “but what is most exciting, is that with international collaborations increasing, there are clearly now more partnering opportunities in the market than ever before, which is why it is such a good time to attend CPhI Japan.”
Beyond the exhibition, over 9,000 pharma professionals will attend the CPhI Japan Conference, with insights from the The International Federation of Pharmaceutical Manufacturers & Associations?IFPMA), the Japan Pharmaceutical Traders’ Association, as well as industry executives from big pharma, generics and bio. With the government pursuing policies anticipated to grow generics to 80% market share by September 2020, one of the major challenges for the industry will be sourcing a stable supply of APIs and this will form an integral part of the 2019 conference agenda. Other sessions will explore the issues and opportunities for parallel approvals (PMDA alongside FDA or EU) and biosimilar growth strategies.
The report concludes that Japan is a country ripe for growth across a number of product classes, but the long-term winners of regulatory changes, aging demographics and innovative R&D remain hard to pick. What is clear however, is that the opportunities have widened quickly, and new players would be wise to act fast. In particular there are renewed opportunities for international contract service providers, generics and finished drug manufacturers as well as domestic manufacturers to become the local manufacturing arms of international firms.
The event takes place at the Big Sight Exhibition Centre, Tokyo, Japan 18-20 March, 2019. CPhI Japan is an eight-in-one event allowing visitors to gain access to the entire Japanese pharma industry under one roof, and to meet with exhibitors working across ingredients, contract services, biopharmaceuticals, machinery, technology, natural extract, packaging and digital services. All visitors will have free access to all Japan Life Science Week events, for more information please visit: http://www.japanlifescienceweek.com/en/
For more information about CPhI Japan and to register to attend, please visit: https://www.cphi.com/japan/
Notable features at CPhI Japan 2019 include:
- Country pavilions: Korea, China, India, Italy, Spain
- The renowned Matchmaking Service, an online matchmaking tool, which enables attendees to search for and arrange meetings with exhibitors prior to the show. The portal is open to both exhibitors and pre-registered visitors.
- An optimised mobile application (will also be available offline this year) + supplier finder – an interactive floor plan designed to allow attendees to quickly find specific suppliers and exhibitors at the exhibition.
- 8 Zones in 1 Event – the entire supply chain gathers: CPhI pharmaceutical ingredients; ICSE
contract manufacturing and services; P-MEC machinery, technology & equipment; BioPh biopharmaceutical development; InnoPack packaging & drug delivery systems; FDF (finished dosage formulation); NEX natural extracts | New for 2019; Pharma IT & Digital Expo | New for 2019
Exhibitor Showcases will run on the show floor and allow exhibitors 30-minutes to present their products, services, new launches, and innovations to visitors and press.
The Discovery Lounge – a relaxed environment with refreshments and activities where visitors and exhibitors can network together with UBM members.
CPhI drives growth and innovation at every step of the global pharmaceutical supply chain from drug discovery to finished dosage. Through exhibitions, conferences and online communities, CPhI brings together more than 100,000 pharmaceutical professionals each year to network, identify business opportunities and expand the global market. CPhI hosts events in Europe, Korea, China, India, Japan, South East Asia, North America, and the Middle East and Africa. Co-locating with ICSE for contract services; P-MEC for machinery, equipment & technology; InnoPack for pharmaceutical packaging; BioPh for biopharma; and Finished Dosage Formulation for every aspect of the finished dosage supply chain. CPhI provides an online buyer and supplier directory at CPhI-Online.com. For more information visit https://www.cphi.com
About UBM (and parent company Informa)
CPhI is organised by UBM, which in June 2018 combined with Informa PLC to become a leading B2B information services group and the largest B2B Events organiser in the world. To learn more and for the latest news and information, visit www.ubm.com and www.informa.com