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Japanese Government Promoting Generics to Ceil Surging Healthcare Cost

By: Shushmul Maheshwari
Japanese Government Promoting Generics to Ceil Surging Healthcare Cost

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According to the report “Japanese Generic Market Forecast to 2013”, the Japanese government spent around 7% of the country’s GDP on healthcare services in 2008, and this percentage is increasing at an alarming rate due to surging therapy cost with advancing technology. It’s expected that if serious cost containment measures are not taken by the government, then the total funding gap would reach around US$ 202 Billion by 2020 and 465 Billion by 2035, jeopardizing the entire healthcare structure.

Pharmaceuticals account for a major share in the government healthcare expenditure. As pharmaceutical drugs are expensive, the government encourages the sales and investment in the generic market. This led to the introduction of a step-by-step policy to boost generic sales from the early years of this decade, including subsidies for doctors who merely explain the benefits of generic substitutes. Pharmacists are also receiving government cash for dispensing non-patented medicines.

In an effort to encourage the use of generic drugs, the government is also expected to create a system in which patients opting for previously patented medications will have to shoulder a larger financial burden if an equally effective generic version exists. Under the new system, insurance coverage of drugs will also be decided by assessing the average price of existing generic treatments if both original and generic versions are available.

Other factors such as new regulations for biogenerics, introduction of a faster system for approving new drug applications, and removal of the obligation to manufacture locally are also expected to push the Japanese generic drugs market in future. The last change is particularly a significant one since it means that pharma companies can market their drugs in Japan without having to operate their own production facilities.

Driven by these factors, our forecast models expect the generic market to grow at a CAGR of nearly 9% between 2008 and 2013.

“Japanese Generic Market Forecast to 2013” gives an extensive and objective analysis on the generic market in Japan. It investigates both the past and present trends in the generic market, with its focus on the future trends shaping the industry. It also features the performance of various players in Japanese pharmaceutical and generic markets and analyzes the competitive landscape of the markets. Based on various present and future indicators, the future scenario of the market has also been analyzed.

For more information visit: http://www.rncos.com/Report/IM170.htm
Current Industry News: http://www.rncos.com/Blog/

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Keywords Japanese Generic Market Forecast to 2013, Japanese Generic Industry, Generic Market of Japan, Market Research Report
Category Health and Fitness
Submission Date Apr 15, 2009
Article Contact Name Shushmul Maheshwari || send email to Shushmul Maheshwari

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Article ID 213

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Concussion

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Brain Contusion, Hemorrhage, and Hematoma

The terms contusion, hemorrhage and hematoma all relate to internal bleeding.

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A brain hemorrhage describes bleeding within the brain or skull cavity. A brain hemorrhage can increase pressure inside the skull and cause brain damage.

Hematoma describes a collection of blood in the body's tissues. An internal hemorrhage causes a hematoma. In head injuries, hematoma usually describes blood collecting in the tissue between the skull and brain.

Skull Fracture

Skull fractures can be mild or severe, but in all cases it's not the damage to the bone that matters as much as any concurrent damage to the brain.

· Linear fracture indicates the skull bone is cracked, but the skull is not opened.
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Penetrating and Perforating Head Injuries

Penetrating head injury describes the condition when an object penetrates both the skull bone and membrane surrounding the brain and enters the brain tissue. If the object penetrates the head completely and exits, it is known as a perforating head injury. Many people do not survive such an injury.

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For more information on Head and Brain Injuries, visit http://www.headbraininjuries.com, a complete information resource for TBI survivors and their family, friends, and caregivers.
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