The Japan Pharmaceutical Market size is estimated at USD 88 billion in 2024 and is expected to reach USD 91.94 billion by 2029, growing at a CAGR of 0.88% during the forecast period (2024-2029). Factors such as the rising geriatric population, increasing incidence of chronic diseases, and growing research and development (R&D) investments in the country are boosting the market’s growth in Japan. The nation’s aging population becomes palpable. About 28% around 36.21 million of Japan’s population is aged 65 or above, suggesting an ever-growing demand for healthcare solutions and novel medications, making the medical landscape ripe for innovation and market penetration.
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