Loading...
Market
Sector benefiting most from Japan's drug price cuts by end of 2024?
2
Resolution / Starting Odds
Healthcare Providers • 25%
Pharmaceutical Companies • 25%
Patients • 25%
Insurance Companies • 25%
Economic reports and analyses from Japanese financial institutions
Story
Japan Government Agrees to 2.5 Trillion Yen Drug Price Cuts, Reducing Healthcare Costs by 246.6 Billion Yen
Dec 25, 2024, 08:05 AM
The Japanese government has reached an agreement to reduce drug prices, resulting in a projected savings of 2.5 trillion yen in healthcare costs. This decision, made during ministerial negotiations, aims to alleviate the financial burden on patients by lowering official prices for nearly half of all drugs in the country. Additionally, the government plans to gradually increase the high-cost medical care system, which is expected to further impact healthcare expenses. The total reduction in healthcare costs is estimated at 246.6 billion yen as part of this initiative.
View original story
Similar markets
Fitness industry • 25%
Grocery sector • 25%
Healthcare sector • 25%
Other • 25%
Other • 25%
Insulin • 25%
Cardiovascular drugs • 25%
Cancer drugs • 25%
Pharmaceuticals • 25%
Consumer Goods • 25%
Technology • 25%
Healthcare • 25%
More than 30% • 25%
21% to 30% • 25%
10% to 20% • 25%
Less than 10% • 25%
Other • 25%
Cancer medications • 25%
Cardiovascular drugs • 25%
Insulin • 25%
Significant positive impact • 25%
No significant impact • 25%
Negative impact • 25%
Moderate positive impact • 25%
Schizophrenia drugs • 25%
Other • 25%
TCR-engineered T cell therapies • 25%
mRNA vaccines • 25%
Automobiles • 25%
Electronic Components • 25%
Agriculture • 25%
Other • 25%
$10 billion to $15 billion • 25%
More than $15 billion • 25%
Less than $5 billion • 25%
$5 billion to $10 billion • 25%
Infrastructure • 25%
Defense • 25%
Healthcare • 25%
Education • 25%
Debt servicing • 25%
Other sectors • 25%
Social security • 25%
Semiconductors and AI • 25%
No change in affordability perception • 25%
Slight improvement in affordability perception • 25%
Significant improvement in affordability perception • 25%
Worsening perception of affordability • 25%