Market Trends of Japan Artificial Organs & Bionic Implants Industry
This section covers the major market trends shaping the Japan Artificial Organs & Bionic Implants Market according to our research experts:
Artificial Heart Organ by Organ is Expected to Witness a Significant Growth Over the Forecast Period.
The artificial heart organ segment is expected to witness significant growth over the forecast period, owing to the increasing geriatric population in the country and the rising incidence of heart diseases, thereby increasing demand for artificial hearts, thus driving the growth of the studied market.
The elderly population is susceptible to various chronic ailments, including kidney diseases, cardiovascular disorders, and neurological conditions. With growing age, the probability of suffering from organ failures escalates significantly. For instance, in 2021 Organization for Economic Corporation and Development reported that Japan is experiencing the fastest aging of its population and is expected to reach 80 people aged 65 and above per 100 people by 2060. Thus increasing aging is associated with an increased risk of cardiovascular diseases leading to impaired heart functioning among the geriatric population. This further generates the demand for artificial hearts, thereby driving the growth of this segment.
Further, technological developments and the development of artificial heart models are driving the growth of this segment. For instance, in June 2022, the University of Tokyo reported that they had developed a personal heart model from medical data to make a rational diagnosis based on the mechanism of disease. Thus, such developments and studies provide better results, driving the segment's growth.
Similarly, increasing clinical studies performed in Japan for the artificial heart also drive the segment's growth. For instance, in September 2022, the Abiomed Impella heart pump reported successful results in a Japan study. The analysis examined 293 consecutive Impella-supported AMICS patients in the J-PVAD Registry. The results also showed 81% survival at 30 days. The impella heart pump is the artificial heart pump that helps to maintain blood flow during high-risk protected percutaneous coronary interventions. Thus, such developments and clinical studies are driving the segment's growth.
Thus, due to the increasing geriatric population in the country and the rising incidence of heart diseases, the segment is expected to witness significant growth over the forecast period.
Orthopedic Bionic Segment by Bionic Segment is Expected to Witness High Growth Over the Forecast Period.
The orthopedic bionics segment is expected to witness high growth over the forecast period due to the increasing cases of road casualties, physical disability, trauma, the presence of diseases that may lead to limb impairment, and technological advancements.
The OECD 2022 report, stated that 305,196 people got injured in road accidents in Japan in the year 2021. Thus, a such high number of road accidents may increase the risk of bone damage, thereby increasing orthopedic bionics. Similarly, the rising cases of disability are also rising the demand for orthopedics bionics and contributing to the growth of this segment. For instance, in April 2022, news published by Japan Times reported 2.5% of Japan's population reported physical disability cases. Of this total disability, a high number of people may have orthopedic disabilities, thereby increasing the demand for orthopedic bionics and contributing to the growth of this segment.
Furthermore, increasing research and development in Japan for the development of orthopedic bionics are also contributing to the growth of this segment. For instance, an article published by the journal, Materials in April 2021, reported that a joint study conducted at the Institute of Engineering, Okayama University, Japan, and an institute in Korea stated the progress of the development of nylon bionic cancellous bone fabricated by selective laser sintering. The study conducted used the novel cancellous bone structure design method that aimed at ensuring the mechanical compatibility between the bionic bone and human bone using computer-aided design (CAD) and finite element analysis technology. Thus, such studies are leading to the development of new orthopedic bionics that is contributing to the growth of this segment.
Thus, the high number of road accidents and physical disabilities, along with research and developments is contributing to the growth of this segment over the forecast period.
