Japan Medical Devices Market to Establish Growth with an Impressive CAGR Until FY2027
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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devices Market"
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The Japan medical
devices 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 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.
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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 devices 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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