Japan Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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Japan Medical Devices Report
Product Price
$1,295.00

BMI View : Strained government health expenditure due to a rapid ageing population will hinder market growth . We expect the market to grow at 2.6% in local currency terms in 2017, which will be at a faster pace than the economy. The current trend of Japanese manufacturers seeking acquisition opportunities to expand their footprint and seek ing new growth opportunities will continue to play out .

Projected Medical Device Market, 2015-2020
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2015 24,740.7 195.5 2,994,349.1 23,657.0 121.0
2016 28,147.8 222.8 3,011,814.4 23,842.0 107.0
2017 29,427.6 233.5 3,089,895.4 24,514.2 105.0
2018 29,964.9 238.3 3,223,928.5 25,640.0 107.6
2019 30,857.0 246.1 3,369,705.3 26,871.0 109.2
2020 31,721.5 253.7 3,516,076.2 28,119.8 110.8

Latest Updates And Key Forecasts

  • The Japanese market remains the second largest in the world, behind only the USA. We maintain our forecast that the market will expand by a 2015-2020 CAGR of 5.1% in US dollar terms, which should see it rise to USD31.7bn in 2020. Market growth in local currency terms will be lower at a 2015-2020 CAGR of 3.3%, which will take expenditure to JPY3.5trn in 2020.

  • Japan is the world's third largest importer, behind only the USA and Germany. In 2016, we expect imports to reverse the US dollar downward trend experienced in 2014 and in 2015, despite low growth levels of the Japanese economy as a whole. Imports increased by 14.7% y-o-y to USD3.0bn in Q316, and by 5.7% to USD11.5bn in the 12 months to September 2016. In local currency terms, we expect imports to record positive growth due to rising demand, especially from its sizeable elderly population.

  • Japan is amongst the world's top 10 largest exporters. Exports will remain volatile in US dollar terms, but we expect them to slightly pick up in 2016. Exports grew by 6.5% y-o-y to USD1.7bn in the Q316, and by 2.2% to USD6.7bn in the 12 months to September 2016.

  • The failure of the US to ratify the TPP would be a blow for Japan, undermining confidence among investors. In contrast, we highlight that the ratification of the TPP agreement would benefit medical device manufacturers through lower costs, increased transparency and heightened efficiency by taking advantage of competition and economies of scale, in addition to paving the way for increased export opportunities within a more integrated trade environment with other member countries.

BMI Industry View
9
Table: Projected Medical Device Market, 2015-2020
9
Latest Updates And Key Forecasts
9
SWOT
10
Medical Device Market
10
Industry Forecast
13
Medical Device Market Forecast
13
Latest Updates
13
Structural Trends
14
Table: Detailed Medical Device Market By Product Area, 2010-2020 (USDmn)
16
Consumables Market Forecast
20
Latest Updates
20
Structural Trends
21
Bandages & Dressings
22
Suturing Materials
22
Syringes, Needles & Catheters
22
Other Consumables
22
Table: Consumables Market, 2010-2020 (USDmn)
23
Table: Consumables Market, 2011-2020 (USDmn % Change)
24
Diagnostic Imaging Market Forecast
25
Latest Updates
25
Structural Trends
27
Electrodiagnostic Apparatus
27
Radiation Apparatus
27
Imaging Parts & Accessories
28
Table: Diagnostic Imaging Market, 2010-2020 (USDmn)
28
Table: Diagnostic Imaging Market, 2011-2020 (USDmn % Change)
29
Dental Products Market Forecast
30
Latest Updates
30
Structural Trends
31
Capital Equipment
32
Instruments & Supplies
32
Table: Dental Products Market, 2010-2020 (USDmn)
32
Table: Dental Products Market, 2011-2020 (USDmn % Change)
33
Orthopaedics & Prosthetics Market Forecast
34
Latest Updates
34
Structural Trends
35
Fixation Devices
36
Artificial Joints
36
Other Artificial Body Parts
36
Table: Orthopaedics & Prosthetics Market, 2010-2020 (USDmn)
36
Table: Orthopaedics & Prosthetics Market, 2011-2020 (USmn % Change)
37
Patient Aids Market Forecast
38
Latest Updates
38
Structural Trends
39
Portable Aids
40
Therapeutic Appliances
40
Table: Patient Aids Market, 2010-2020 (USDmn)
40
Table: Patient Aids Market, 2011-2020 (USDmn % Change)
41
Other Medical Devices Market Forecast
42
Latest Updates
42
Structural Trends
44
Table: Other Medical Devices Market, 2010-2020 (USDmn)
45
Table: Other Medical Devices Market, 2011-2020 (USDmn % Change)
46
Annual Medical Device Imports
47
Table: Medical Device Imports By Product Area, 2011-2015 (USD000s)
51
Table: Medical Device Imports By Product Area, 2011-2015 (Local Currency 000s)
52
Table: Top 20 Medical Device Suppliers, 2015 (USD000s)
54
Table: Detailed Medical Device Imports By Product Area, 2011-2015 (USD000s)
55
Table: Detailed Medical Device Import Trends By Product Area, 2015
58
Table: Detailed Leading Medical Device Suppliers By Product Area, 2015 (USD000s)
61
Monthly Medical Device Imports
64
Table: Monthly Medical Device Imports By Product Area, Year Ending May 2016 (USDmn)
64
Annual Medical Device Exports
65
Table: Medical Device Exports By Product Area, 2011-2015 (USD000s)
69
Table: Medical Device Exports By Product Area, 2011-2015 (Local Currency 000s)
70
Table: Top 20 Medical Device Destinations, 2015 (USD000s)
72
Table: Detailed Medical Device Exports By Product Area, 2011-2015 (USD000s)
73
Table: Detailed Medical Device Export Trends By Product Area, 2015
76
Table: Detailed Leading Medical Device Destinations By Product Area, 2015 (USD000s)
79
Table: Detailed Medical Device Trade Balance, 2011-2015 (USD000s)
82
Monthly Medical Device Exports
85
Table: Monthly Medical Device Exports By Product Area, Year Ending May 2016 (USDmn)
85
Industry Risk/Reward Index
86
Table: APAC Medical Device Risk/Reward Index, Q416
87
Market Overview
88
Medical Device Market Overview
88
Table: Medical Device Market, Key Ratios, 2015
88
Table: Medical Device Market By Product Area, 2015
89
Healthcare Overview
90
Health Status
90
Healthcare System
90
Healthcare Funding
92
Healthcare Resources
94
Table: Medical Device Technology By Type, 2008/2011 (Units)
95
Table: Medical Device Technology By Type, 2008/2011 (Rate/mn Population)
96
Healthcare Activity
96
Healthcare Personnel
97
Key Healthcare Data
97
Table: Key Healthcare Data, 2010-2015
97
Industry Trends And Developments
100
Industry Trends & Developments
100
Regulatory Development
106
Medical Device Regulations
106
Competent Authorities
106
Regulations
106
Marketing Authorisation
107
Classification System
107
Medical Device Pricing & Reimbursement
108
Pricing
108
Reimbursement
108
Competitive Landscape
111
Domestic Medical Device Production
111
Table: Medical Device Production, 2000-2014
111
Table: Medical Device Production By Category, 2013-2014 (JPYmn)
112
Table: Diagnostic Imaging And Therapeutic Systems Production, 2011
113
Table: Medical Device Production By Top 10 Prefectures, 2013-2014 (JPYmn)
114
National Medical Device Manufacturers
114
Canon
114
Fukuda Denshi
115
Hitachi
116
Hogy Medical
117
Hoya
118
Konica
118
Nidek
119
Nihon Kohden
119
Nikon
120
Nipro Corporation
121
Olympus
121
Omron
122
Panasonic Healthcare
123
Shimadzu
124
Terumo
125
Toray Medical
125
Toshiba
126
Multinational Medical Device Manufacturers
127
Bard
127
Baxter
127
Becton Dickinson
128
Fresenius
128
General Electric
129
Medtronic
129
Multinational Market Activity
130
Boston Scientific
130
Johnson & Johnson
130
Philips
131
Siemens
131
Smith & Nephew
132
Stryker
132
Zimmer Biomet
132
Medical Device Market Access
133
Market Environment
133
Distribution
133
Research & Development
134
Trade Associations
134
Trade Fairs
134
Trade Agreement
135
Methodology
136
Forecast Methodology
136
Trade Code Classifications
137
Table: Rearranged HS Trade Codes
138
Risk/Reward Index Methodology
141
Table: Medical Devices Risk/Reward Index Indicators
142
Sources
144
Contact
145

The Japan Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in Japan provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Japan Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Japan, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Japan.
  • Target Business Opportunities in the Japan Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Japan.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT

SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts

Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.

Market Overview

Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

Industry Trends & Developments

Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Competitive Landscape

Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.