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The Japan medical devices market size is forecast to increase by USD 15.56 billion, at a CAGR of 6.75% between 2023 and 2028. The worldwide interest in minimally invasive procedures has experienced significant growth. This trend is driven by technological advancements in the field, enabling the treatment of an expanded range of medical conditions through less invasive methods. Furthermore, the demand for sophisticated medical devices, including minimally invasive surgical instruments, robotic surgery systems, and advanced surgical imaging devices, has grown. Patients and healthcare professionals alike are increasingly drawn to minimally invasive procedures due to their benefits, such as minimized scarring, expedited recovery, and decreased postoperative pain. Consequently, these factors are positively influencing the market's trajectory.
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The in-vitro diagnostics segment is projected to experience substantial expansion throughout the forecast period. This segment plays a crucial role in identifying distinctive disease attributes at the molecular and genetic levels, leading to customized treatment plans. By tailoring interventions to individual patient profiles, healthcare providers can achieve more successful outcomes. Moreover, individuals with chronic conditions or those undergoing treatment can benefit from routine monitoring through IVD tests.
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The in-vitro diagnostics segment was the largest segment and was valued at USD 5.44 billion in 2018. In the healthcare industry, in vitro diagnostic (IVD) technology plays a significant role in evaluating the efficacy of treatments for medical professionals. This assessment enables adjustments to be made in treatment plans as needed. Furthermore, IVD is essential for population-based disease screening programs, facilitating the early identification of conditions such as cancer, diabetes, and infectious diseases. Population-based screening programs, which rely on IVD instruments, are critical for detecting diseases in individuals who are asymptomatic. Consequently, the growth of this segment contributes to the expansion of the Japanese medical devices market throughout the forecast period.
Cardiology encompasses the medical field dealing with diagnostic and therapeutic devices. In this sector, interventional cardiology utilizes catheters, defibrillators, guidewires, stents, and embolic protection devices. Meanwhile, diagnostic cardiology employs ultrasound, echocardiography, SPECT, positron emission topography, and nuclear cardiology studies to diagnose heart conditions. Nuclear cardiology assesses myocardial blood flow and heart function. Hybrid imaging systems facilitate more accurate diagnoses and treatment planning. The increasing prevalence of heart diseases, along with advanced technology, fuels this segment's growth, consequently driving market expansion during the forecast period.
Orthopedic medical devices are essential for alleviating pain, restoring mobility, and enhancing patients' quality of life with orthopedic disorders. The high incidence of osteoarthritis, rheumatoid arthritis, fractures, sports injuries, and accidents will boost the adoption of medical devices. Orthopedic medical devices cater to joint reconstruction, trauma fixation, spinal disorders, and knee and hip joint repair. Additionally, spine fusion and non-fusion surgical devices address degenerative disc disease, spondylolisthesis, spinal stenosis, scoliosis, and fractures. These factors fuel the growth of this segment, ultimately contributing to market expansion during the forecast period.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges.
One of the key factors driving Japan medical devices market growth is the technological advancements in cardiac monitoring and cardiac therapy devices. Cardiac monitoring devices have experienced significant advancements, providing enhanced mobility, user-friendly designs, streamlined workflows, and seamless integration with various systems for the healthcare industry. Current ECG devices offer simplified operation with touchscreens and step-by-step guidance.
Additionally, recent technological innovations include enhanced waveform analysis algorithms, improved connectivity with Electronic Medical Records (EMRs), and wireless lead systems for greater patient comfort. These improvements have made ECG stress devices more compact and versatile, contributing positively to the growth of the Japanese medical device market. As a result, the market is anticipated to expand during the forecast period.
A key factor shaping Japan medical devices market growth is the rising advancements in orthopedic implants. In the field of orthopedic implants, recent advancements in materials science have yielded new options, such as titanium alloys, cobalt-chromium alloys, and sophisticated ceramics. These materials boast enhanced strength, biocompatibility, and resistance to wear, contributing to implants with extended durability and a diminished risk of complications.
For example, GE Healthcare Technologies Inc.'s Arcam EBM Spectra L features an integrated system design, standardized IoT interface, and data analytics for machine health. These elements facilitate stronger initial fixation and expedite bone in-growth. Moreover, biologic therapies, including platelet-rich plasma, stem cell therapy, and growth factors, are being incorporated into orthopedic treatments to foster tissue regeneration, expedite healing, and bolster implant integration. As a result, the Japanese medical device market is experiencing a positive impact from these developments, leading to market expansion during the forecast period.
Cybersecurity risks associated with medical devices are one of the key challenges hindering Japan medical devices market growth. With the increasing interconnectivity of medical devices to hospital networks and the internet, there is a growing concern over potential cybersecurity threats. Malicious actors could exploit vulnerabilities in software and firmware to unlawfully gain access or control over medical devices. Furthermore, these devices frequently manage confidential patient data, including personally identifiable health information (PHI).
Unauthorized access or data breaches of this sensitive information could result in significant privacy concerns and potential violations of regulations, such as Japan's Act on the Protection of Personal Information (APPI). Complying with cybersecurity regulations and standards, including ISO 27001 and the PMDAs guidelines for cybersecurity in medical devices, poses a challenge for manufacturers. Consequently, these issues are negatively impacting the growth of the Japanese medical device market during the forecast period.
The Japan medical devices market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the Japan medical devices market growth analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
AI Medical Service Inc: The company offers medical devices such as Gastric AI-based Endoscopic Diagnostic Imaging Support System that analyze endoscopy images for potential diagnosis of gastric cancer.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
In Japan, the medical devices sector is experiencing substantial growth due to innovations in digital health, wearable technology, and healthcare businesses. The primary focus is on addressing prevalent health issues such as malignant neoplasm, cardiovascular disease, Alzheimer's, pneumonia, kidney disease, and frailty. Advanced medical technologies and inventive solutions are being adopted in Japan to tackle these health concerns. Key trends in the Japanese medical devices market include the integration of IoT (Internet of Things), AI (artificial intelligence), and telemedicine to improve patient care. In-home care, self-care, and preventive care are gaining importance, facilitated by online medical services and medication guidance platforms.
Moreover, there is a growing demand for nursing care-related systems and services, including elderly care monitoring services and nursing care support systems. Health tech innovations are expanding to areas like sleep and beauty, providing comprehensive healthcare management solutions. Imports play a vital role in introducing advanced medical devices and technologies to Japan, contributing to enhanced healthcare outcomes and improved patient well-being. As the need for innovative medical solutions persists, the Japanese medical devices market continues to be a dynamic and promising sector.
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Market Scope |
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Report Coverage |
Details |
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Page number |
176 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.75% |
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Market Growth 2024-2028 |
USD 15.56 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.21 |
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Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AI Medical Service Inc., ARKRAY Inc., B dot Medical Inc., Baxter International Inc., Becton Dickinson and Co., Canon Inc., Connect K.K., Cyfuse Biomedical K.K., F. Hoffmann La Roche Ltd., Fuji Seiko, GE Healthcare Technologies Inc., Hitachi Ltd., Johnson and Johnson, Medtronic Plc, Nipro Corp., Siemens AG, Terumo Medical Corp., Fukuda Sangyo Co. Ltd., ASTI Corp., and PerkinElmer Inc |
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Market dynamics |
Parent market analysis,Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our Japan medical devices market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Market Segmentation by End-user
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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