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Japan Opioid Dependence Market to Grow on Account of Increasing Spending on Healthcare by 2033
CRIFAX has recently added in its market research collateral archive, a report titled , 2023-2033′ . The market research report focuses on the emerging trends and the recent mergers and acquisitions amongst the major players in the industry. Further, the research report also covers a detailed analysis of the key growth strategies used by the leading market players to remain ahead of competition. Additionally, the report on Japan Opioid Dependence Market also comprises of the challenges that may impact the market growth in the coming years along with a brief of the overall market environment that are associated with the market growth.
The Japan Opioid Dependence Market is predicted to witness substantial expansion during the forecast period, i.e., 2023-2033. The growth of the market can majorly be attributed to the growing geriatric population (aged 65 years or over) in the nation, which according to the statistical report titled World Population Ageing 2019 by the United Nations witnessed 35524 Thousands in the year 2019. This is further expected to reach 37278 Thousands by the end of 2030. Additionally, the percentage of individuals aged 65 years or over is expected to grow to 30.9% by the end of 2030, up from 28.0% in the year 2019. These growing geriatric population would be in need for advanced healthcare services, which is anticipated to drive the growth of Japan Opioid Dependence Market in the coming years.
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On the other hand, the Japan Opioid Dependence Market is also poised to grow on account of the numerous opportunities generated by the rising healthcare expenditure by the government of the nation. For instance, according to the statistics by the World Bank, the current health expenditure per capita in Japan grew from USD 2754.38 in the year 2006 to USD 4360.47 in the year 2019. As a share of GDP of the nation, the current health expenditure reached 10.74% in the year 2019, up from 7.69% in the year 2006. Further, the government health spending as a share of health spending in the nation touched 83.9% in the year 2019, up from 80.4% in the year 2000. Besides this, the out-of-pocket spending as a share of health spending reached 12.9% in the year 2019. Furthermore, amongst the sources of health expenditure, social health insurance contributions registered the largest share of 50.07% in the year 2019, followed by government transfers of 33.79%.
The Japan Opioid Dependence Market research report provides an in-depth analysis of the market segmentation, and also provides other statistical figures, such as CAGR (Compound Annual Growth Rate) values, BPS review, Y-o-Y growth (percent), absolute $ potential, market's projected cost structure, and others. In addition to this, the market research report on Japan Opioid Dependence Market also further utilizes multi-dimensional analytical tools such as Porter's five-force model, SWOT and PESTEL to analyze the internal and external marketing factors associated with the market growth for the better understanding of its readers.
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