Increased advancement in the healthcare devices is driving the growth if Japan Medical Devices Market, FY2017-FY2027.
According to TechSci report on, “Japan Medical Devices Market By Type (Cardiovascular Devices, Diagnostic Imaging Equipment, In-vitro Diagnostic Devices, Ophthalmic Devices, Diabetes Care Devices, Dental Care Devices, Surgical Equipment, Patient Monitoring Devices, Orthopedic Devices, Nephrology & Urology Devices, ENT Devices, Anesthesia & Respiratory Devices, Neurology Devices, Mobility-Aid Devices, Others), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Region, Competition Forecast & Opportunities, FY2027”, Japan medical devices market has shown promising growth in historical years until FY2020 and is expected to continue its growth in upcoming forecast years FY2023 to FY2027.
Japan medical devices market owes its growth to the factors like surging demand for the advanced technological devices for the healthcare services. Moreover, surging demand for the medical devices for early diagnosis of the chronic diseases is further driving the growth of the Japan medical devices market in the upcoming five years. Additionally, healthcare sector in the country is highly demanding and requirement for the medical devices for the best possible healthcare services is further supporting the growth of the Japan medical devices market in the next five years.
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The Japan medical device market segmentations are based on type, end user, regional distribution, and competitional landscape. Based on type, the market is further bifurcated into cardiovascular devices, diagnostic imaging equipment, in-vitro diagnostic devices, ophthalmic devices, diabetes care devices, dental care devices, surgical equipment, orthopedic devices, nephrology & urology devices, ENT devices, anesthesia & respiratory devices, neurology devices, mobility-aid devices, and others. Cardiovascular devices are bifurcated further into diagnostic & monitoring devices, and surgical devices.
Diagnostic & monitoring devices include ECG, Holter monitors, Implantable loop recorders, event monitors, and other similar devices. Surgical devices include pacemakers, stents, valves, and other surgical instruments. Due to surging cases of cardiovascular diseases and increased demand for the effective diagnosis, and post-op devices for the efficient monitoring, the cardiovascular devices are expected to dominate the market segment and hold the largest revenue shares of the market in the next five years.
Orthopedic devices are further segmented into joint reconstruction devices, spinal surgery devices, trauma fixation devices, orthopedic braces and support devices, and other orthopedic devices. Orthopedic devices are anticipated to register fastest growing CAGR values in the next five years on the account of increasing number of road accidents. Also, increasing number of bone disorders is further substantiating the growth of the Japan medical devices market in the forecast period.
The Japan medical devices market is growing along with the developing and evolving market players like 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. The mentioned market players have major market revenue shares than the other players existing or entering the market.
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 marketplace. 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.
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“Japan medical industry is booming in the recent years. Technological advancement and the product development with the extended research over medical devices are supporting the growing healthcare industry in the country. Moreover, increasing number of chronic diseases and thus growing number of the patients suffering from the chronic diseases is further substantiating the growth of the Japan medical devices market in the future five years. Furthermore, shift of medical care in the home care settings and the introduction of portable medical equipment by the global players penetrating the country market is also further substantiating the growth of the Japan medical device market in the next five years. New market players must focus on the research and technological advancement for the product development is going to help with their brand establishments,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Japan Medical Devices Market By Type (Cardiovascular Devices, Diagnostic Imaging Equipment, In-vitro Diagnostic Devices, Ophthalmic Devices, Diabetes Care Devices, Dental Care Devices, Surgical Equipment, Patient Monitoring Devices, Orthopedic Devices, Nephrology & Urology Devices, ENT Devices, Anesthesia & Respiratory Devices, Neurology Devices, Mobility-Aid Devices, Others), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Region, Competition Forecast & Opportunities, FY2027” has evaluated the future growth potential of Japan Medical devices market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Japan Medical devices market.
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