Medical Devices Market in Japan by Product, Application, and End-user - Forecast and Analysis 2020-2024
- Published: Apr 2020
- Pages: 120
- SKU: IRTNTR40453
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The medical devices market size in Japan has the potential to grow by USD 6.65 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.
This report provides a detailed analysis of the market by product (medical and diagnostic equipment, consumables and supplies, and implants), application (orthopedic, cardiovascular, oncology, dental, gynecology and urology, ophthalmology, dermatology, and others), end-user (hospitals, diagnostic laboratories, and ASCs). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Baxter International Inc., Becton, Dickinson and Co., F. Hoffmann-La Roche Ltd., General Electric Co., Hitachi Ltd., Johnson & Johnson, Medtronic Plc, Nipro Corp., Siemens AG, and Terumo Corp.
Market Overview
Browse TOC and LoE with selected illustrations and example pages of medical devices market
Market Competitive Analysis
The market is fragmented. Johnson & Johnson, Medtronic Plc, Nipro Corp., Siemens AG, and Terumo Corp. are some of the major market participants. Although the availability of sophisticated healthcare infrastructure along with favorable government initiatives will offer immense growth opportunities, intense competition among domestic and foreign manufacturers will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this medical devices market forecast in Japan report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this medical devices market analysis in Japan report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Baxter International Inc.
- Becton, Dickinson, and Co.
- F. Hoffmann-La Roche Ltd.
- General Electric Co.
- Hitachi Ltd.
- Johnson & Johnson
- Medtronic Plc
- Nipro Corp.
- Siemens AG
- Terumo Corp.
Medical Devices Market in Japan: Segmentation by Application
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The orthopedic application segment will be one of the major contributors to medical devices market growth during the forecast period. The increased adoption of these devices for joint reconstruction, trauma fixation, spinal disorders, and partial and complete fixation of the knee and hip joints will drive market growth in this segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the medical devices market share in Japan.
Medical Devices Market in Japan: Segmentation by Product
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The medical and diagnostic equipment segment is driven by high investment in the installation and maintenance of equipment and long product lifecycles. Vendors are focusing on developing innovative technologies that can aid in the accurate diagnosis and treatment of ailments. The revenue in Japan is generated mainly by the replacement of older equipment with newer ones. End-users do not prefer buying new equipment. They are instead inclined toward refurbished medical imaging equipment due to budgetary constraints.
Market growth in this segment will be slower than the growth of the market in the consumables and supplies and implants segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the medical devices market size in Japan.
Medical Devices Market in Japan: Key Drivers and Trends
The growing aging population and the prevalence of age-related disorders are identified as major factors that will drive medical devices market growth. The life expectancy in Japan has increased in recent years, owing to improved nutrition, better control of infectious diseases, and low fertility rates. This is driving the demand for pharmaceutical and medical devices market in Japan. The high prevalence of chronic diseases such as diabetes, COPD, osteoporosis, hypertension, and cardiac diseases will also drive the demand for medical devices in Japan.
The continuous demand for advanced technologies is one of the key medical devices market trends in Japan that will gain traction over the forecast period. Increasing healthcare system efficiency, improving healthcare services, and the growing preference for home care systems are expected to further boost the demand for the medical devices market in the region. Vendors are increasingly offering single-use, compact, minimally invasive medical devices that can be used at home. Additionally, various market players are adopting the robot-assisted surgical procedures in Japan. The adoption of modern technologies, coupled with the prevalence of age-related disorders, will drive market growth at a CAGR of almost 4% during the forecast period.
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Medical Devices Market in Japan: Key Highlights of the Report for the Forecast Period 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive medical devices market growth in Japan during the next five years
- Precise estimation of the medical devices market size in Japan and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the medical devices industry across Japan
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of medical devices market vendors
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Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Medical and diagnostic equipment - Market size and forecast 2019-2024
- Consumables and supplies - Market size and forecast 2019-2024
- Implants - Market size and forecast 2019-2024
- Market opportunity by Product
Customer landscape
- Overview
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Baxter International Inc.
- Becton, Dickinson and Co.
- F. Hoffmann-La Roche Ltd.
- General Electric Co.
- Hitachi Ltd.
- Johnson & Johnson
- Medtronic Plc
- Nipro Corp.
- Siemens AG
- Terumo Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- Japan
- Andorra
- East Africa
- Maldives
- Australia
- Growing aging population and prevalence of age-related disorders
- Advent of DevOps
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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