A medical device is any appliance, machine, software, material, or other thing that can be used by individuals or in conjunction for medical purposes (as defined by the manufacturer). In the laboratory, diagnostic tools are also considered medical equipment. These medical devices are used to examine a variety of materials, including blood, body fluids, tissue, and pregnancy tests. Blood glucose levels and lateral flow are examples of additional samples. We also cover additional medical devices that are implanted and may or may not need external power and operating sources, such as heart pacemakers.
Japan Medical Devices Market Driving Factors and Challenges
Drivers: A growing patient population in need of medicines and treatment processes is being brought about by the rising prevalence of chronic diseases including diabetes, cancer, and others. The rising demand for products is being fueled by an increasing number of activities from major players in the industry, healthcare agencies, and other organizations to raise patient knowledge of the numerous revolutionary medicines and treatment alternatives. Furthermore, Sedentary lifestyles are contributing to the rise in chronic diseases like diabetes, cancer, and other infectious diseases. Healthcare groups from many countries are focusing on increasing the diagnosis and treatment rates through awareness campaigns. Patients in need of diagnostic procedures and testing are growing in number concurrently with the general public's increased exposure to and frequency of these disorders.
Challenges: The medical device sector has seen advancements in the use of new technology and design changes. However, the high cost of these devices results in an overall rise in device cost and ownership due to their relatively higher acquisition and ongoing maintenance costs. A number of different parts, including chips, batteries, sensors, and other accessories, are connected to some of the more sophisticated systems and must be changed on a regular basis.
Impact of COVID-19 on Japan Medical Devices Market
The COVID-19 epidemic has presented the Japanese medical device industry with both opportunities and challenges. Initially, the outbreak led to disruptions in the supply chain, which affected the availability of essential medical supplies. Manufacturers' incapacity to find raw materials and components resulted in delays in supply and manufacturing. Hospitals and other healthcare facilities also had to deal with resource shortages as they concentrated on treating COVID-19 patients, which decreased sales of non-urgent medical devices and elective procedures.
Japan Medical Devices Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Fukuda, Konica Minolta, Menicon, Nihon Kohden, Nipro, Olympus, Omron, Shimadzu Corporation, Terumo, Others.
Japan Medical Devices Market Segmentation:
By Product: Based on the Product, Japan Medical Devices Market is segmented as; Medical And Diagnostic Equipment, Consumables And Supplies, Implants.
By Application: Based on the Application, Japan Medical Devices Market is segmented as; Orthopedic, Cardiovascular, Oncology, Dental, Gynecology And Urology, Ophthalmology, Dermatology, Others.
By Region: This research also includes data for Eastern Region, Western Region, Northern Region, Southern Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.