Noida, India (PressExposure) November 30, 2009 -- The Asia Pacific region has emerged as a new hub of pharmaceutical players in recent years. Rapid economic growth, increasing use of generics and changing regulatory environment in the Asia Pacific countries are certain key factors fuelling the growth of pharmaceutical markets in the region. In view of these factors, our new study âAsia Pacific Pharma Sector Analysisâ says that the pharmaceutical market in the Asia Pacific region is forecast to grow at a CAGR of over 12% during 2010-2012.
Japan is the largest pharma market in the region and the second largest in the world. The countryâs pharma sector has registered a positive growth despite the economic recession. High affordability and increasing health insurance penetration can be considered as the two main growth drivers of pharma market in the country.
We have identified that generics will play an important role in the development of pharma markets in the region. Our research analyzes the market dynamics, drivers and resistors, and assesses the structure of generics markets in these countries. Besides this, the report also studies several emerging opportunities like contract manufacturing and medical tourism which are growing in line with the development of the pharmaceutical markets in these countries. Moreover, the report also highlights the regulatory environment in the country as it plays an important role in the development of the industry.
âAsia Pacific Pharma Sector Analysisâ provides an in depth analysis of pharmaceutical markets in different countries of the Asia Pacific region. It gives an insight into the current market trends which are dominating pharma markets in the region. In addition to this, factors which are restraining the growth of pharma markets have also been discussed in the report, which are followed by some key recommendations by our industry experts to overcome them, which would help clients in understanding the market dynamics in a better way.
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