Although the Erectile Dysfunction Drugs Market in Japan was worth $74.3 million, it is Thought to Have Much Greater Potential.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c32264) has announced the addition of Erectile Dysfunction Drugs in Japan: Marketing Issues and Strategies to their offering. Japan--the second largest single-country pharmaceutical market in the world--represents a very large and relatively untapped erectile dysfunction (ED) therapeutic market. After providing an overview of the ED landscape in Japan, this report examines why promotional campaigns for the ED drugs available in Japan have failed to generate the level of sales that would be expected given ED therapies' track record in other markets and the potential patient population in Japan. Decision Resources hypothesize hy·poth·e·size v. hy·poth·e·sized, hy·poth·e·siz·ing, hy·poth·e·siz·es v.tr. To assert as a hypothesis. v.intr. To form a hypothesis. that, instead of helping alleviate any stigma attached to ED in Japan, manufacturers' campaigns have actually exacerbated the challenge. Business Implications --A complex regulatory system and dramatic cultural differences from the West make Japan a difficult target for drug marketers, especially when it comes to controversial indications such as erectile dysfunction. Drugmakers need to remain mindful of cultural factors throughout the marketing process. --The ED market in Japan is currently dominated by the two phosphodiesterase phosphodiesterase /phos·pho·di·es·ter·ase/ (-di-es´ter-as) any of a group of enzymes that catalyze the hydrolytic cleavage of an ester linkage in a phosphoric acid compound containing two such ester linkages. (PDE PDE Pennsylvania Department of Education PDE Plug-In Development Environment PDE Partial Differential Equation PDE Phosphodiesterases PDE Personal Digital Entertainment PDE Pulse Detonation Engine PDE Product Data Exchange PDE Present-Day English )-5 inhibitors sildenafil sildenafil /sil·den·a·fil/ (sil-den´ah-fil?) a phosphodiesterase inhibitor that relaxes the smooth muscle of the penis, facilitating blood flow to the corpus cavernosum; used as the citrate salt to treat erectile dysfunction. (Pfizer's Viagra) and vardenafil (Bayer's Levitra). Combined sales in 2004 reached $74.3 million, but we believe the Japanese market offers much greater potential. --Japan and the United States--countries with similar per capita levels of industrialization industrialization Process of converting to a socioeconomic order in which industry is dominant. The changes that took place in Britain during the Industrial Revolution of the late 18th and 19th century led the way for the early industrializing nations of western Europe and and health care expenditure--differ in ED products sales by roughly one order of magnitude A change in quantity or volume as measured by the decimal point. For example, from tens to hundreds is one order of magnitude. Tens to thousands is two orders of magnitude; tens to millions is three orders of magnitude, etc. . The high discrepancy in sales per eligible male prompts questions about whether ED therapeutics have been oversold Oversold In technical analysis, it is a market in which the volume of selling that has occurred is greater than the fundamentals justify. Notes: It is the opposite of overbought. to U.S. patients or undersold un·der·sold v. Past tense and past participle of undersell. undersold undersell to Japanese patients. Although there is a little doubt that the DTC DTC See: Depository Transfer Check DTC See: Depository Trust Company DTC See Depository Trust Company (DTC). advertising channel helped ramp up sales of Pfizer's Viagra in the United States (DTC efforts are forbidden in Japan), there is no reason to believe that the market in Japan has reached a ceiling. --Both standard and mobile aspects of the Japanese-language Internet hold unexplored potential for marketing ED medications in Japan. For a considerable proportion of Internet users in Japan, mobile phones represent the only way to reach the Internet. Because it accommodates the Japanese public both technologically and psychologically, future marketing efforts for controversial indications like ED might do well to employ the mobile mode. Topics Covered --Introduction --Overview of the Japanese Erectile Dysfunction Market --A Closer Look at Current and Emerging ED Drugs and Competitors --Factors Affecting Marketing of ED Drugs in Japan --Advertisement of ED Medicines --Lessons Learned from ED Marketing --Outlook Companies mentioned in this report include: --Pfizer --Bayer's Levitra --Eli Lilly KK --DoCoMo For more information visit http://www.researchandmarkets.com/reports/c32264. |
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