LONDON--(BUSINESS WIRE)--#MedicalDevicesMarketinJapan--Technavio has been monitoring the medical devices market in Japan and it is poised to grow by $ 6.65 bn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Frequently Asked Questions:

• What are the major trends in the market?
  Advent of DevOps is a major trend driving the growth of the market.
• At what rate is the market projected to grow?
  The year-over-year growth for 2020 is estimated at 3.53% and the incremental growth of the market is anticipated to be $ 6.65 bn.
• Who are the top players in the market?
  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., are some of the major market participants.
• What are the key market drivers and challenges?
  The sophisticated healthcare infrastructure is one of the major factors driving the market.
• How big is the Med. & Diag, Equipment market?
  The Med. & Diag, Equipment market segment will contribute 38% of the market share.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. are some of the major market participants. The sophisticated healthcare infrastructure will offer immense growth opportunities. To make 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.

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Medical devices market in Japan 2020-2024: Segmentation

Medical devices market in Japan is segmented as below:

• Product
  • Medical And Diagnostic Equipment
  • Consumables And Supplies
  • Implants
• Application
  • Orthopedic
  • Cardiovascular
  • Oncology
  • Dental
  • Gynecology And Urology
  • Ophthalmology
  • Dermatology
  • Others
• End-user
  • Hospitals
  • Diagnostic Laboratories
  • ASCs

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Medical devices market in Japan 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The medical devices market in Japan report covers the following areas:

• Medical devices market in Japan Size
• Medical devices market in Japan Trends
• Medical devices market in Japan Industry Analysis

This study identifies the advent of DevOps as one of the prime reasons driving the medical devices market growth in Japan during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio�s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Medical devices market in Japan 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist medical devices market growth in Japan during the next five years
• Estimation of the medical devices market size in Japan and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the medical devices market in Japan
• 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 in Japan

Table of Contents:

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

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