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 3.6% in US dollar terms in 2016 , 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, 2014-2019
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2014 28,100.9 221.3 2,975,740.2 23,431.1 105.9
2015 26,012.8 205.1 3,095,517.5 24,409.1 119.0
2016 26,939.3 212.8 3,205,770.8 25,322.4 119.0
2017 27,524.3 217.9 3,302,917.1 26,142.6 120.0
2018 28,568.0 226.6 3,428,158.0 27,196.3 120.0
2019 29,625.6 235.6 3,555,069.4 28,275.2 120.0

Latest Updates And Key Forecasts

  • The Japanese market remains the second largest in the world, behind only the USA. In US dollar terms, we forecast that the market will expand by a CAGR of 1.1%, which should see it rise to USD29.6bn in 2019. Due to exchange rate differences, we anticipate that market growth in local currency terms will be higher, at a CAGR of 3.6%.

  • Japan is the world's third largest importer, behind only the USA and Germany. In 2016, we expect imports to reverse the USD 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 0.2% to USD2.9bn in Q116, but fell by 3.9% to USD10.9bn in the 12 months to March 2016.

  • Japan is amongst the world's top 10 largest exporters. We expect exports to pick up in US dollar terms in 2016, based on recent trade indicators. Exports grew by 1.6% to USD1.7bn in Q116, and fell by 3.7% to USD6.5bn in the 12 months to March 2016.

  • Canon's acquisition of Toshiba, a market-leading medical imaging business, will accelerate the company's growth into a prominent healthcare player. We expect further developments as it pivots away from consumer technology.

BMI Industry View
7
Table: Projected Medical Device Market, 2014-2019
7
Latest Updates and Key Forecasts
7
SWOT
8
Medical Device Market
8
Industry Forecast
11
Medical Device Market Forecast
11
Latest Updates
11
Structural Trends
11
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
13
Consumables Market Forecast
17
Latest Updates
17
Structural Trends
17
Bandages & Dressings
18
Suturing Materials
18
Syringes, Needles & Catheters
18
Other Consumables
18
Table: Consumables Market, 2009-2019 (USDmn)
19
Table: Consumables Market, 2010-2019 (USDmn % Change)
20
Diagnostic Imaging Market Forecast
22
Latest Updates
22
Structural Trends
22
Electrodiagnostic Apparatus
23
Radiation Apparatus
23
Imaging Parts & Accessories
23
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
24
Table: Diagnostic Imaging Market, 2009-2019 (USDmn % Change)
25
Dental Products Market Forecast
27
Latest Updates
27
Structural Trends
27
Capital Equipment
27
Instruments & Supplies
28
Table: Dental Products Market, 2009-2019 (USDmn)
28
Table: Dental Products Market, 2010-2019 (USDmn % Change)
29
Orthopaedics & Prosthetics Market Forecast
31
Latest Updates
31
Structural Trends
31
Fixation Devices
32
Artificial Joints
32
Other Artificial Body Parts
32
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
32
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USmn % Change)
33
Patient Aids Market Forecast
34
Latest Updates
34
Structural Trends
34
Portable Aids
34
Therapeutic Appliances
34
Table: Patient Aids Market, 2009-2019 (USDmn)
35
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
36
Other Medical Devices Market Forecast
38
Latest Updates
38
Structural Trends
38
Table: Other Medical Devices Market, 2009-2019 (USDmn)
39
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
40
Annual Medical Device Imports
42
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
45
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
46
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
48
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
49
Table: Detailed Medical Device Import Trends By Product Area, 2014
52
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
55
Monthly Medical Device Imports
58
Table: Monthly Medical Device Imports By Product Area, Year Ending November 2015 (USDmn)
58
Annual Medical Device Exports
59
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
62
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
63
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
65
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
66
Table: Detailed Medical Device Export Trends By Product Area, 2014
69
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
72
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
75
Monthly Medical Device Exports
78
Table: Monthly Medical Device Exports By Product Area, Year Ending November 2015 (USDmn)
78
Industry Risk/Reward Index
79
Table: APAC Medical Device Risk/Reward Index, Q216
80
Market Overview
81
Medical Device Market Overview
81
Table: Medical Device Market, Key Ratios, 2014
81
Table: Medical Device Market By Product Area, 2014
82
Healthcare Overview
83
Health Status
83
Healthcare System
83
Healthcare Funding
85
Healthcare Resources
87
Table: Medical Device Technology By Type, 2008/2011 (Units)
88
Table: Medical Device Technology By Type, 2008/2011 (Rate/mn Population)
89
Healthcare Activity
89
Healthcare Personnel
89
Key Healthcare Data
90
Table: Key Healthcare Data, 2010-2015
90
Industry Trends And Developments
93
Industry Trends & Developments
93
Regulatory Development
97
Medical Device Regulations
97
Competent Authorities
97
Regulations
97
Marketing Authorisation
98
Classification System
98
Medical Device Pricing & Reimbursement
99
Pricing
99
Reimbursement
99
Competitive Landscape
102
Domestic Medical Device Production
102
Table: Medical Device Production, 2000-2013
102
Table: Medical Device Production By Category, 2012-2013 (JPYmn)
103
Table: Diagnostic Imaging And Therapeutic Systems Production, 2011
104
Table: Medical Device Production By Top 10 Prefectures, 2012-2013 (JPYmn)
105
National Medical Device Manufacturers
105
Multinational Medical Device Manufacturers
119
Multinational Market Activity
122
Table: Multinational Market Activity, 2016
122
Medical Device Market Access
126
Market Environment
126
Distribution
126
Research & Development
127
Trade Associations
127
Trade Fair
128
Trade Agreement
128
Methodology
129
Forecast Methodology
129
Trade Code Classifications
130
Table: Rearranged HS Trade Codes
131
Risk/Reward Index Methodology
134
Table: Medical Devices Risk/Reward Index Indicators
135
Sources
137
Contact
138

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.