Overview of Japanese OTC Market 2017 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "The Overview of Japanese OTC Market Ver2-2017" report to their offering.

The report provides an overview of the Japanese OTC market. Readers will understand the overall market situation, including related regulations, market size, distribution channels, major OTC companies, along with current and future outlook.

The Japanese OTC market had been decreasing until 2007. After it hit the bottom in 2007, it remained flat. Then, in 2012 it turned out to the growth trend. While domestic demand for OTC has been weak, the purchase by foreign travelers have pushed up sales. Overall, we anticipate the market will remain flat or slight increase for next 3-5 years. Taisho Pharmaceuticals has been the sole OTC giant, and holds most of the product lines.

From October 1, 2014, food, cosmetic and OTC have been added to the tax-exemption products. This revision dramatically encouraged foreigners, especially from China, Hong Kong, and Taiwan, to purchase consumable goods including OTC products in 2015.

Switch OTC has been expected to be the key piece to the advancement of self-medication, yet progress has been extremely slow.

The biggest underlying factor of the weak domestic demand lies in Japan's public health care system as cheaper and more effective prescription drugs can be taken by going to a clinic or hospital. This also explains why there is no significant growth in Switch OTC.

The engine of future growth will be the expansion of e-commerce (internet). This also may bring a major structural reform in the OTC retail industry. Internet retail giant Amazon began internet sales of OTC in September 2013. In May 2017, it has started to sell Type I OTC through its online store called Amazon Pharmacy, which means it covers most of OTC products

Key Topics Covered:

  1. Summary
  2. Definition of Pharmaceuticals
  3. Definition of OTC
  4. Definition of Quasi-Drugs
  5. Type of OTC
  6. Switch OTC Products
  7. Related Laws and Regulations
  8. Approval for Manufacture and Sale
  9. Regulations Concerning Sales
  10. Regulations Concerning Advertising
  11. Internet Sales
  12. National healthcare insurance
  13. Deregulation History
  14. Tax Free Shopping Program for Foreign Visitors
  15. Self Medication Taxation Program
  16. Major Industrial Groups
  17. Distribution Channel
  18. E-Commerce to Consumers
  19. Market Size
  20. Market Share by Type of OTC
  21. Breakdown by Medicinal Category
  22. Overview of Top 5 OTC Companies
  • Taisho
  • Takeda
  • Daiichi Sankyo Healthcare
  • SS Pharmaceuticals
  • Rohto Pharmaceuticals

For more information about this report visit https://www.researchandmarkets.com/research/jtqrgv/the_overview_of

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Over the Counter (OTC) Drugs

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Over the Counter (OTC) Drugs