Market Size of Japan Diagnostic Imaging Equipment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.90 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Japan Diagnostic Imaging Equipment Market Analysis
The Japan diagnostic imaging equipment market is expected to register a CAGR of 6.9% over the forecast period.
The COVID-19 outbreak significantly impacted Japan's healthcare industry as the country lacked beds to accommodate COVID-19 patients. For instance, in May 2021, a research study published by National Center for Biotechnology Infomation (NCBI) stated that diagnostic imaging methods are assuming a greater role in the workup of patients with COVID-19, mainly concerning the primary manifestation of pulmonary disease and the tissue distribution of the angiotensin-converting enzyme 2 (ACE 2) receptor. The COVID-19 pandemic provided opportunities to expand its capabilities into different geographies and diversify its business. For instance, the article published in July 2021 by the National Center for Biotechnology Infomation (NCBI), stated that Japan's first report on SARS-CoV-2-associated meningitis/encephalitis, stated high signal intensity in the mesial temporal lobe and a brain MRI showed hyperintensity along the wall of right lateral ventricle and hyperintense signal changes in the right mesial temporal lobe and hippocampus, suggesting the possibility of SARS-CoV-2 meningitis.
Further, the rising burden of chronic diseases, technological advancements in imaging equi,pmentthe and the increasing geriatric population in Japan are among the major factors driving the growth of the studied market. For instance, in 2021, as per the Statistics Bureau of Japan, the total population of Japan was around 125.50 million among which the aged population (65 years old and over) was 36.21 million, which constituted around 28.9 percent of the total population which is 1 in every 4 persons.
In addition, according to the International Diabetes Federation (IDF), in 2021, there were around 11 million cases of diabetes in Japan, which increased by 8% as compared to the past years. The rising cases of diabetes are elevating the need for more diagnosers to t patients who have diabetes through the use of various diagnostic imaging equipment, hence this is elevating the market although thought the market is anticipated to witness growth over the analysis of the period, the high cost of equipment and procedures and concerns among the population regarding the side effects of radiation is likely to impede the market growth.
