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 . T he opening up of markets under the TPP deal will serve to reinforce this strategy.

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 have revised upwards our forecasts and now project 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. In local currency terms, we expect imports to record positive growth due to rising demand, especially from its sizeable elderly population. Imports increased by 4.1% to USD2.9bn in the three months to May 2016, but fell by 1.9% to USD11.0bn in the 12 months to May 2016.

  • Japan is amongst the world's top 10 largest exporters. We expect exports to remain volatile in US dollar terms in the short term, based on recent trade indicators. Exports fell by 1.9% to USD1.7bn in the three months to May 2016, and fell by 2.5% to USD6.6bn in the 12 months.

  • Fukuda Denshi and Omron's partnership and acquisition highlight the increasing demand for home medical devices, driven by a rapidly ageing population and associated chronic diseases.

BMI Industry View
9
Table: Projected Medical Device Market, 2014-2019
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
13
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
15
Consumables Market Forecast
20
Latest Updates
20
Structural Trends
20
Bandages & Dressings
21
Suturing Materials
21
Syringes, Needles & Catheters
21
Other Consumables
21
Table: Consumables Market, 2009-2019 (USDmn)
22
Table: Consumables Market, 2010-2019 (USDmn % Change)
23
Diagnostic Imaging Market Forecast
25
Latest Updates
25
Structural Trends
25
Electrodiagnostic Apparatus
26
Radiation Apparatus
26
Imaging Parts & Accessories
26
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
27
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
28
Dental Products Market Forecast
30
Latest Updates
30
Structural Trends
30
Capital Equipment
31
Instruments & Supplies
31
Table: Dental Products Market, 2009-2019 (USDmn)
31
Table: Dental Products Market, 2010-2019 (USDmn % Change)
32
Orthopaedics & Prosthetics Market Forecast
34
Latest Updates
34
Structural Trends
34
Fixation Devices
35
Artificial Joints
35
Other Artificial Body Parts
35
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
35
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USmn % Change)
36
Patient Aids Market Forecast
37
Latest Updates
37
Structural Trends
37
Portable Aids
38
Therapeutic Appliances
38
Table: Patient Aids Market, 2009-2019 (USDmn)
38
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
39
Other Medical Devices Market Forecast
41
Latest Updates
41
Structural Trends
41
Table: Other Medical Devices Market, 2009-2019 (USDmn)
42
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
43
Annual Medical Device Imports
45
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
48
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
49
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
51
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
52
Table: Detailed Medical Device Import Trends By Product Area, 2014
55
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
58
Monthly Medical Device Imports
61
Table: Monthly Medical Device Imports By Product Area, Year Ending March 2016 (USDmn)
61
Annual Medical Device Exports
62
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
65
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
66
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
68
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
69
Table: Detailed Medical Device Export Trends By Product Area, 2014
72
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
75
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
78
Monthly Medical Device Exports
81
Table: Monthly Medical Device Exports By Product Area, Year Ending March 2016 (USDmn)
81
Industry Risk/Reward Index
82
Table: APAC Medical Device Risk/Reward Index, Q316
83
Market Overview
84
Medical Device Market Overview
84
Table: Medical Device Market, Key Ratios, 2015
84
Table: Medical Device Market By Product Area, 2015
85
Healthcare Overview
86
Health Status
86
Healthcare System
86
Healthcare Funding
88
Healthcare Resources
90
Table: Medical Device Technology By Type, 2008/2011 (Units)
91
Table: Medical Device Technology By Type, 2008/2011 (Rate/mn Population)
92
Healthcare Activity
92
Healthcare Personnel
93
Key Healthcare Data
93
Table: Key Healthcare Data, 2010-2015
93
Industry Trends And Developments
96
Industry Trends & Developments
96
Regulatory Development
100
Medical Device Regulations
100
Competent Authorities
100
Regulations
100
Marketing Authorisation
101
Classification System
101
Medical Device Pricing & Reimbursement
102
Pricing
102
Reimbursement
102
Competitive Landscape
105
Domestic Medical Device Production
105
Table: Medical Device Production, 2000-2014
105
Table: Medical Device Production By Category, 2013-2014 (JPYmn)
106
Table: Diagnostic Imaging And Therapeutic Systems Production, 2011
107
Table: Medical Device Production By Top 10 Prefectures, 2013-2014 (JPYmn)
108
National Medical Device Manufacturers
108
Canon
108
Fukuda Denshi
109
Hitachi
111
Hogy Medical
112
Hoya
112
Konica
113
Nidek
113
Nihon Kohden
114
Nikon
115
Nipro Corporation
115
Olympus
116
Omron
117
Panasonic Healthcare
117
Shimadzu
118
Terumo
119
Toray Medical
119
Toshiba
120
Multinational Medical Device Manufacturers
121
Bard
121
Baxter
121
Becton Dickinson
122
Fresenius
122
General Electric
123
Medtronic
123
Multinational Market Activity
124
Boston Scientific
124
Johnson & Johnson
124
Philips
125
Siemens
125
Smith & Nephew
126
Stryker
126
Zimmer Biomet
126
Medical Device Market Access
127
Market Environment
127
Distribution
127
Research & Development
128
Trade Associations
128
Trade Fairs
128
Trade Agreement
129
Methodology
130
Forecast Methodology
130
Trade Code Classifications
131
Table: Rearranged HS Trade Codes
132
Risk/Reward Index Methodology
135
Table: Medical Devices Risk/Reward Index Indicators
136
Sources
138
Contact
139

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.