Japan medical devices market is anticipated to grow with an impressive CAGR in the forecast period, FY2023-FY2027. The market is expected to grow with the projected cumulative annular growth rate on the account of surging demand for the advanced medical devices. Advancing healthcare facilities and the advanced medical equipment is also driving the growth of the Japan medical devices market in the upcoming five years. Also, to increase the export of medical devices from the countries reliable healthcare industry is further supporting the growth of the Japan medical devices market in the next five years. The demand for the early diagnosis and effective treatment is further substantiating the growth of the Japan medical devices market in the future five years. Additionally, increasing prevalence of chronic diseases and the demand for devices to combat those diseases is further aiding the growth of the Japan medical devices market in the forecast period. Furthermore, concerning regulations and stringent rules against the medical devices and the approvals for the same through clinical trials might put a mild restraint on the growth of the Japan medical devices market in the further five years.
The Japan medical devices market segmentations are based on type, end user, regional distribution, and competitional landscape. Based on end user, the market is further segmented into hospitals & clinics, diagnostic centers, and others. Hospitals & clinics are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the account of surging demands for the effective and efficient healthcare services in the country. Although the country is suffering from the heavy healthcare costs the demand for the early diagnostic and treatment medical devices is further aiding the growth of the Japan medical devices market in the future five years. Diagnostic centers are also expected to register significant growth in the future five years on the account of surging demand for effective and early diagnosis of chronic diseases. Moreover, advanced technologies and its incorporation of extended research for the product development of various medical devices is further going to substantiate the growth of the Japan medical devices market in the future five years.
Some of the top players in the Japan medical devices market is Shimadzu Corporation, Menicon Co., Ltd., Konica Minolta, Inc., Omron Corporation, Fukuda Denshi Co., Ltd., Nihon Kohden Corporation, Nipro Corporation, Terumo Corporation, Olympus Corporation, Hoya Corporation, among others. Major market players are actively dedicated in the research and development of the advanced products such that the consumer’s demand could be fulfilled. Consistent research ensures the future launches for the better products and services. With rapidly surging demand for the advanced products, the new market entrants would be able to establish their brand and thus their market-place. Other strategies include collaborations and partnerships with the pre-existing market players or the research institutes such that government funding can be availed for the product development.
Years considered for this report
Historical YearsFY2017 – FY2020
Base YearFY2021
Estimated YearFY2022
Forecast PeriodFY2023 – FY2027
Objective of the Study
- To analyze the historical growth of the market size of Japan medical devices market from FY2017 to FY2020.
- To estimate and forecast the market size of Japan medical devices market from FY2021 to FY2027 and growth rate until FY2027.
- To classify and forecast Japan medical devices market based on type, end-user, regional distribution, top 3 states analysis in each region, and competitional landscape.
- To identify dominant region or segment in the Japan medical devices market.
- To identify drivers and challenges for Japan medical devices market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Japan medical devices market.
- To identify and analyze the profile of leading players operating in Japan medical devices market.
- To identify key sustainable strategies adopted by market players in Japan medical devices market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers, suppliers, and across the country. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufactures which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufactures, distribution channels and presence of all major players across the country.
Market insights research calculated the market size of Japan
Key Target Audience
- Medical devices manufacturers, end users, and other stakeholders
- Distributers and suppliers of Medical devices and other stakeholders
- Organizations, forums and alliances related to medical devices
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
