Japan Medical Devices Market Growth, Size, Trends, Demand, Share, Revenue and Future Outlook
Japan Medical Devices Market Size- By Product, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2024 | Report ID: MEDE2431 | Pages: 1 - 109 | Formats*: |
| Category : Medical Devices | |||
Japan Medical Devices Market Introduction and Overview
According to SPER Market Research, the Japan Medical Devices Market is estimated to reach USD 22.47 billion by 2033 with a CAGR 7.03%.
The report includes an in-depth analysis of the Japan Medical Devices Market, including market size and trends, product mix, distribution channels, and supplier analysis. Any appliance, machine, software, substance, or other item that can be used by people alone or in combination for medical reasons (as specified by the maker) is considered a medical device. Diagnostic instruments are also regarded as medical equipment in the laboratory. Blood, bodily fluids, tissue, and pregnancy tests are just a few of the samples that are tested with these medical instruments. Other samples include lateral flow and blood glucose levels. We also cover other implantable medical devices, such as heart pacemakers, which are usually implanted and may or may not require external power and operating sources.
Market Opportunities and Challenges
Opportunities: There has been a rise in the desire for minimally invasive procedures. Furthermore, the spectrum of illnesses that can be treated with minimally invasive procedures has increased due to continuous technological breakthroughs in this field. Chronic diseases like cancer, diabetes, and other infectious diseases are becoming more common as a result of sedentary lifestyles. Through awareness efforts, healthcare organizations from several nations are concentrating on raising the diagnostic and treatment rates. Alongside the general population's increased incidence and knowledge of these illnesses, so too is the patient population in need of diagnostic treatments and testing.
Challenges: The Pharmaceuticals and Medical Devices Agency's (PMDA) strict implementation of regulations is one of the main challenges. Adhering to Japan's distinct regulatory standards can be difficult and time-consuming; comprehensive paperwork and clinical evidence proving safety and effectiveness are needed. The Japanese reimbursement system is primarily dependent on government price-setting and discussions with insurers, making it difficult to navigate.
Market Competitive Landscape
The Medical Devices in market Japan is moderately consolidated. Some of the market key players are Fukuda, Konica Minolta, Menicon, Nihon Kohden, Nipro, Olympus, Omron, Shimadzu Corporation, Terumo, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product, By Application |
| Regions covered | Eastern Region, Northern Region, Southern Region, Western Region |
| Companies Covered | Fukuda, Konica Minolta, Menicon, Nihon Kohden, Nipro, Olympus, Omron, Shimadzu Corporation, Terumo, Others. |
COVID-19 Impact on Japan Medical Devices Market
The COVID-19 pandemic has brought forth a number of opportunities as well as obstacles for the Japanese medical device sector. At first, the outbreak caused supply chain hiccups that impacted the accessibility of necessary medical equipment. The inability of manufacturers to locate components and raw materials caused production and delivery delays. Furthermore, as they focused on treating COVID-19 patients, hospitals and other healthcare facilities faced resource constraints that led to a decline in elective treatments and non-urgent medical device sales.
Key Target Audience:
- Medical Device Manufacturers
- Healthcare Providers
- Regulatory Authorities
- Distributors and Supply Chain Partners
- Healthcare IT Companies
Our in-depth analysis of the Japan Medical Devices Market includes the following segments:
| By Product: |
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| By Application: |
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Key Topics Covered in the Report:
- Japan Medical Devices Market Size (FY’2024-FY’2033)
- Overview of Japan Medical Devices Market
- Segmentation of Japan Medical Devices Market By Product (Medical And Diagnostic Equipment, Consumables And Supplies, Implants)
- Segmentation of Japan Medical Devices Market By Application (Orthopedic, Cardiovascular, Oncology, Dental, Gynecology And Urology, Ophthalmology, Dermatology, Others)
- Expansion Analysis of Japan Medical Devices Market
- Problems and Obstacles in Japan Medical Devices Market
- Competitive Landscape in the Japan Medical Devices Market
- Impact of COVID-19 and Demonetization on Japan Medical Devices Market
- Details on Current Investment in Japan Medical Devices Market
- Competitive Analysis of Japan Medical Devices Market
- Prominent Players in the Japan Medical Devices Market
- SWOT Analysis of Japan Medical Devices Market
- Japan Medical Devices Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Japan Medical Devices Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Japan Medical Devices Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Japan Medical Devices Market
7. Japan Medical Devices Market, By Product (USD Million) 2020-2033
7.1. Japan Medical Devices Market Size, Share and Forecast, By Product, 2020-20267.2. Japan Medical Devices Market Size, Share and Forecast, By Product, 2027-20337.3. Medical And Diagnostic Equipment7.4. Consumables And Supplies7.5. Implants
8. Japan Medical Devices Market, By Application (USD Million) 2020-2033
8.1. Japan Medical Devices Market Size, Share and Forecast, By Application, 2020-20268.2. Japan Medical Devices Market Size, Share and Forecast, By Application, 2027-20338.3. Orthopedic8.4. Cardiovascular8.5. Oncology8.6. Dental8.7. Gynecology And Urology8.8. Ophthalmology8.9. Dermatology8.10. Others
9. Japan Medical Devices Market Forecast, 2020-2033 (USD Million)
9.1. Japan Medical Devices Market Size and Market Share
10. Japan Medical Devices Market, By Region, 2020-2033 (USD Million)
10.1. Japan Medical Devices Market Size and Market Share By Region (2020-2026)10.2. Japan Medical Devices Market Size and Market Share By Region (2027-2033)10.3. Eastern Region10.4. Northern Region10.5. Eastern Region10.6. Western Region
11. Company Profile
11.1. Fukuda11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments11.2. Konica Minolta11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments11.3. Menicon11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments11.4. Nihon Kohden11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments11.5. Nipro11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments11.6. Olympus11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments11.7. Omron11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments11.8. Shimadzu Corporation11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments11.9. Terumo11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments11.10. Others
12. Conclusion
13. Reference Links
14. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Japan Medical Devices Market is projected to reach USD 22.47 billion by 2033, growing at a CAGR of 7.03% during the forecast period.
Japan Medical Devices Market grew in market size from 2023. The Market is expected to reach USD 22.47 billion by 2033, at a CAGR of 7.03% during the forecast period.
Japan Medical Devices Market CAGR of 7.03% during the forecast period.
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Japan Medical Devices Market size is USD 22.47 billion from 2024 to 2033.
Japan Medical Devices Market segment is Covered By Product, By Application.
The Asia-Pacific region is anticipated to have the highest market share in the Japan Medical Devices Market.
The key players in the market include Companies Covered Fukuda, Konica Minolta, Menicon, Nihon Kohden, Nipro, Olympus, Omron, Shimadzu Corporation, Terumo, Others.
Chronic diseases like cancer, diabetes, and other infectious diseases are becoming more common as a result of sedentary lifestyles. Through awareness efforts, healthcare organizations from several nations are concentrating on raising the diagnostic and treatment rates.
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