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The patient monitoring equipment market share in Japan is expected to increase by USD 366.62 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.79%.
This patient monitoring equipment market in Japan research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers patient monitoring equipment market in Japan segmentation by product (electroencephalography (EEG), magnetoencephalography (MEG), transcranial doppler (TCD), pulse oximeter, and others) and end-user (hospitals, clinics, and ambulatory care services). The patient monitoring equipment market in Japan report also offers information on several market vendors, including Abbott Laboratories, Baxter International Inc., Becton Dickinson and Co., Boston Scientific Corp., Dragerwerk AG and Co. KGaA, General Electric Co., Koninklijke Philips NV, Nihon Kohden Corp., OMRON Corporation, and Siemens AG among others.
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The growing preference for self-care monitoring devices is notably driving the patient monitoring equipment market growth in Japan, although factors such as data privacy issues may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the patient monitoring equipment industry in Japan. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Patient Monitoring Equipment Market Driver in Japan
The growing preference for self-care monitoring devices is one of the key drivers supporting the patient monitoring equipment market growth in Japan. Patient monitoring equipment enables individuals to obtain real-time data, thereby allowing them to track their heart rate vitals more accurately. This helps alter their fitness regime accordingly, without consulting healthcare providers, saving healthcare expenditure. Monitoring the vitals using these devices is simple and less time-consuming. The growing focus on quality care and disease management will lead to an increase in the adoption of portable devices, especially in developed countries. On the other hand, multi-parameter patient monitors can measure more than one vital sign of patients. These devices consist of a core monitor box, with slots in which separate units or modules for various parameters can be fitted, and readings can be taken. Thus, the increase in the use of multi-parameter devices is expected to drive the growth of the market during the forecast period.
Key Patient Monitoring Equipment Market Trend in Japan
The growing integration of technologies is another factor supporting the patient monitoring equipment market growth in Japan. The development of new monitoring technologies has helped improve disease diagnosis and treatment. Technological advances have also allowed the flexibility and portability ofâ¯theseâ¯systems. The continuous digitization of record systems in physicians' offices and cardiology departments has led vendors to improve data connectivityâ¯forâ¯a range of management solutions. For instance, the CASE exercise testing system by GE Healthcare enables quick and easy accessâ¯toâ¯cardiac functions during exercise for better diagnostic confidence. Thus, technological advances in these devices and their integration with other compatible technologies will have a positive impact on market growth during the forecast period.
Key Patient Monitoring Equipment Market Challenge in Japan
Data privacy issues is one of the factors hindering the patient monitoring equipment market growth in Japan. Patient monitoring equipment requires the sharing of an enormous amount of data associated with personal health and fitness to an unquantifiable audience. Devices are small in size but are capable of storing large amounts of data. The small size of these devices implies that the chance of losing or misplacing the data is high. Furthermore, these devices use Global Positioning System (GPS ) to retrieve location-based information. In some instances, people have to share their location to obtain certain information. This information can be saved and used by advertisers as well. Moreover, the data of a subscriber's location is owned and controlled by the respective network operators, including mobile carriers and mobile content providers. With operators having such information, end-users are concerned about their privacy, despite the presence of legal frameworks to safeguard it. Such concerns are negatively impacting the market growth.
This patient monitoring equipment market in Japan analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the patient monitoring equipment market in Japan as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the patient monitoring equipment market in Japan during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the patient monitoring equipment market in Japan encompasses successful business strategies deployed by the key vendors. The patient monitoring equipment market in Japan is fragmented and the vendors are deploying growth strategies such as quality, pricing, market reach, and financial resources to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The patient monitoring equipment market in Japan forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the patient monitoring equipment market in Japan, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the healthcare equipment market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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The patient monitoring equipment market share growth in Japan by the electroencephalography segment will be significant during the forecast period. An EEG is a test that detects and record abnormalities in the brain waves. During this procedure, electrodes consisting of small metal discs with thin wires are pasted onto the patient's scalp. These electrodes detect tiny electrical charges that result from the activity of the patient's brain cells. With the increasing incidence of neurological disorders, the use of EEG is also increasing. Thus, market expansion with the launch of new products in the country will drive the segment growth in Japan during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the patient monitoring equipment market size in Japan and actionable market insights on post COVID-19 impact on each segment.
Patient Monitoring Equipment Market Scope in Japan |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.79% |
Market growth 2022-2026 |
$ 366.62 million |
Market structure |
Fragmented |
YoY growth (%) |
3.57 |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Abbott Laboratories, Baxter International Inc., Becton Dickinson and Co., Boston Scientific Corp., Dragerwerk AG and Co. KGaA, General Electric Co., Koninklijke Philips NV, Nihon Kohden Corp., OMRON Corporation, and Siemens AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our 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
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 5
*Exhibit 04: Key Finding 6
*Exhibit 05: Key Finding 7
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 06: Parent market
*Exhibit 07: Market characteristics
**2.2 Value chain analysis
*Exhibit 08: Value chain analysis
*2.2.1 Research and development
*2.2.2 Inputs
*2.2.3 Operations
*2.2.4 Distribution
*2.2.5 Marketing and sales
*2.2.6 Post-sales and services
*2.2.7 Industry innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 09: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 10: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 11: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 13: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 14: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 15: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 16: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 17: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 18: Threat of rivalry
**4.7 Market condition
*Exhibit 19: Market condition - Five forces 2021
***5 Market Segmentation by Product
**5.1 Market segments
*Exhibit 20: Product - Market share 2021-2026 (%)
**5.2 Comparison by Product
*Exhibit 21: Comparison by Product
**5.3 Electroencephalography (EEG) - Market size and forecast 2021-2026
*Exhibit 22: Electroencephalography (EEG) - Market size and forecast 2021-2026 ($ million)
*Exhibit 23: Electroencephalography (EEG) - Year-over-year growth 2021-2026 (%)
**5.4 Magnetoencephalography (MEG) - Market size and forecast 2021-2026
*Exhibit 24: Magnetoencephalography (MEG) - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Magnetoencephalography (MEG) - Year-over-year growth 2021-2026 (%)
**5.5 Magnetoencephalography (MEG) - Market size and forecast 2021-2026
*Exhibit 26: Magnetoencephalography (MEG) - Market size and forecast 2021-2026 ($ million)
*Exhibit 27: Magnetoencephalography (MEG) - Year-over-year growth 2021-2026 (%)
**5.6 Transcranial doppler (TCD) - Market size and forecast 2021-2026
*Exhibit 28: Transcranial doppler (TCD) - Market size and forecast 2021-2026 ($ million)
*Exhibit 29: Transcranial doppler (TCD) - Year-over-year growth 2021-2026 (%)
**5.7 Pulse oximeter - Market size and forecast 2021-2026
*Exhibit 30: Pulse oximeter - Market size and forecast 2021-2026 ($ million)
*Exhibit 31: Pulse oximeter - Year-over-year growth 2021-2026 (%)
**5.8 Others - Market size and forecast 2021-2026
*Exhibit 32: Others - Market size and forecast 2021-2026 ($ million)
*Exhibit 33: Others - Year-over-year growth 2021-2026 (%)
**5.9 Market opportunity by Product
*Exhibit 34: Market opportunity by Product
***6.Market Segmentation by End-user
**6.1 Market segments
*Exhibit 35: End-user - Market share 2021-2026 (%)
**6.2 Comparison by End-user
*Exhibit 36: Comparison by End-user
**6.3 Hospitals - Market size and forecast 2021-2026
*Exhibit 37: Hospitals - Market size and forecast 2021-2026 ($ million)
*Exhibit 38: Hospitals - Year-over-year growth 2021-2026 (%)
**6.4 Clinics - Market size and forecast 2021-2026
*Exhibit 39: Clinics - Market size and forecast 2021-2026 ($ million)
*Exhibit 40: Clinics - Year-over-year growth 2021-2026 (%)
**6.5 Ambulatory care services - Market size and forecast 2021-2026
*Exhibit 41: Ambulatory care services - Market size and forecast 2021-2026 ($ million)
*Exhibit 42: Ambulatory care services - Year-over-year growth 2021-2026 (%)
**6.6 Market opportunity by Crop type
*Exhibit 43: Market opportunity by Crop type
***7. Customer landscape
**7.1 Overview
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
*Exhibit 44: ?Customer landscape?
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Growing preference for self-care monitoring devices
*8.1.2 Focus on preventive treatment?
*8.1.3 Rise in internet penetration
**8.2 Market challenges
*8.2.1 Data privacy issues
*8.2.2 Counterfeit products
*8.2.3 Intense competition among vendors
*Exhibit 45: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Growing integration of technologies
*8.3.2 Emergence of wearable monitoring devices
*8.3.3 Strategic acquisitions
***9. Vendor Landscape
**9.1 Competitive landscape
*Exhibit 46: Vendor landscape
**9.2 Overview
*Exhibit 47: ?Landscape disruption?
*Exhibit 48: Industry risks
**9.3 Landscape disruption
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 49: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 50: ?Market positioning of vendors?
**10.3 Abbott Laboratories
*Exhibit 51: Abbott Laboratories - Overview
*Exhibit 52: Abbott Laboratories - Business segments
*Exhibit 53: Abbott Laboratories - Key news
*Exhibit 54: Abbott Laboratories - Key offerings
*Exhibit 55: Abbott Laboratories - Segment focus
**10.4 Baxter International Inc.
*Exhibit 56: Baxter International Inc. - Overview
*Exhibit 57: Baxter International Inc. - Business segments
*Exhibit 58: Baxter International Inc. - Key news
*Exhibit 59: Baxter International Inc. - Key offerings
*Exhibit 60: Baxter International Inc. - Segment focus
**10.5 Becton Dickinson and Co.
*Exhibit 61: Becton Dickinson and Co. - Overview
*Exhibit 62: Becton Dickinson and Co. - Business segments
*Exhibit 63: Becton Dickinson and Co.- Key news
*Exhibit 64: Becton Dickinson and Co. - Key offerings
*Exhibit 65: Becton Dickinson and Co. - Segment focus
**10.6 Boston Scientific Corp.
*Exhibit 66: Boston Scientific Corp. - Overview
*Exhibit 67: Boston Scientific Corp. - Business segments
*Exhibit 68: Boston Scientific Corp. - Key news
*Exhibit 69: Boston Scientific Corp. - Key offerings
*Exhibit 70: Boston Scientific Corp. - Segment focus
**10.7 Dragerwerk AG and Co. KGaA
*Exhibit 71: Dragerwerk AG and Co. KGaA - Overview
*Exhibit 72: Dragerwerk AG and Co. KGaA - Business segments
*Exhibit 73: Dragerwerk AG and Co. KGaA- Key news
*Exhibit 74: Dragerwerk AG and Co. KGaA - Key offerings
*Exhibit 75: Dragerwerk AG and Co. KGaA - Segment focus
**10.8 General Electric Co.
*Exhibit 76: General Electric Co. - Overview
*Exhibit 77: General Electric Co. - Business segments
*Exhibit 78: General Electric Co. - Key news
*Exhibit 79: General Electric Co. - Key offerings
*Exhibit 80: General Electric Co. - Segment focus
**10.9 Koninklijke Philips NV
*Exhibit 81: Koninklijke Philips NV - Overview
*Exhibit 82: Koninklijke Philips NV - Business segments
*Exhibit 83: Koninklijke Philips NV- Key news
*Exhibit 84: Koninklijke Philips NV - Key offerings
*Exhibit 85: Koninklijke Philips NV - Segment focus
**10.10 Nihon Kohden Corp.
*Exhibit 86: Nihon Kohden Corp. - Overview
*Exhibit 87: Nihon Kohden Corp. - Product and service
*Exhibit 88: Nihon Kohden Corp. - Key offerings
**10.11 OMRON Corporation
*Exhibit 89: OMRON Corporation - Overview
*Exhibit 90: OMRON Corporation - Business segments
*Exhibit 91: OMRON Corp. - Key news
*Exhibit 92: OMRON Corporation - Key offerings
*Exhibit 93: OMRON Corporation - Segment focus
**10.12 Siemens AG
*Exhibit 94: Siemens AG - Overview
*Exhibit 95: Siemens AG - Business segments
*Exhibit 96: Siemens AG - Key news
*Exhibit 97: Siemens AG - Key offerings
*Exhibit 98: Siemens AG - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*11.1.3 ????Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 99: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 100: ?Research Methodology
*Exhibit 101: ??Validation techniques employed for market sizing?
*Exhibit 102: ??Information sources
**11.4 List of abbreviations
*Exhibit 103: List of abbreviations
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